Equity and Redeemable Non-controlling Interest (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Company's Outstanding Shares of Common Stock

The following table details the movement in the Company’s outstanding shares of common stock (in thousands):

	Nine Months Ended September 30, 2019
	Class S			Class T			Class D			Class I			Total
December 31, 2018		276,989			23,313			30,375			108,261			438,938
Common stock issued		166,178			13,440			38,067			248,462			466,147
Distribution reinvestment		8,392			630			1,036			4,607			14,665
Common stock repurchased		(5,134	)		(824	)		(330	)		(8,367	)		(14,655	)
Independent directors' restricted stock grant⁽¹⁾		—			—			—			36			36
September 30, 2019		446,425			36,559			69,148			352,999			905,131

Schedule of Aggregate Distributions Declared for Applicable Class of Common Stock

The following table details the aggregate distributions declared for each applicable class of common stock for the nine months ended September 30, 2019:

	Class S			Class T			Class D			Class I
Aggregate gross distributions declared per share of common stock	$	0.4764		$	0.4764		$	0.4764		$	0.4764
Stockholder servicing fee per share of common stock		(0.0705	)		(0.0692	)		(0.0205	)		—
Net distributions declared per share of common stock	$	0.4059		$	0.4072		$	0.4559		$	0.4764

Summary of Redeemable Non-controlling Interest Activity Related to Special Limited Partner

The following table summarizes the redeemable non-controlling interest activity related to the Special Limited Partner for the nine months ended September 30, 2019 ($ in thousands):

December 31, 2018	$	9,233
Settlement of 2018 performance participation allocation		37,484
Conversion to Class I shares		(11,620	)
Repurchases		(35,435	)
GAAP income allocation		(403	)
Distributions		(649	)
Fair value allocation		1,661
September 30, 2019	$	271