Equity and Redeemable Non-controlling Interest (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Schedule of Company's Authorized Capital

As of June 30, 2020, the Company had the authority to issue 10,100,000,000 shares, consisting of the following

Classification	Number of Shares (in thousands)		Par Value
Preferred Stock		100,000	$	0.01
Class S Shares		3,000,000	$	0.01
Class I Shares		6,000,000	$	0.01
Class T Shares		500,000	$	0.01
Class D Shares		500,000	$	0.01
Total		10,100,000

Schedule of Company's Outstanding Shares of Common Stock

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

	Three Months Ended June 30, 2020
	Class S			Class I			Class T			Class D			Total
March 31, 2020		611,149			783,816			43,898			96,382			1,535,245
Common stock issued		25,770			47,450			1,177			7,329			81,726
Distribution reinvestment		5,433			5,132			352			844			11,761
Common stock repurchased		(10,144	)		(15,585	)		(1,470	)		(1,393	)		(28,592	)
June 30, 2020		632,208			820,813			43,957			103,162			1,600,140

	Six Months Ended June 30, 2020
	Class S			Class I			Class T			Class D			Total
December 31, 2019		530,813			474,279			39,767			84,657			1,129,516
Common stock issued		124,298			372,282			5,988			21,438			524,006
Distribution reinvestment		9,931			8,820			649			1,531			20,931
Common stock repurchased		(32,834	)		(34,568	)		(2,447	)		(4,464	)		(74,313	)
June 30, 2020		632,208			820,813			43,957			103,162			1,600,140

Schedule of Aggregate Distributions Declared for Applicable Class of Common Stock

The following tables detail the aggregate distributions declared for each applicable class of common stock for the three and six months ended June 30, 2020:

	Three Months Ended June 30, 2020
	Class S			Class I		Class T			Class D
Aggregate gross distributions declared per share of common stock	$	0.1577		$	0.1577	$	0.1577		$	0.1577
Stockholder servicing fee per share of common stock		(0.0224	)		—		(0.0221	)		(0.0065	)
Net distributions declared per share of common stock	$	0.1353		$	0.1577	$	0.1356		$	0.1512

	Six Months Ended June 30, 2020
	Class S			Class I		Class T			Class D
Aggregate gross distributions declared per share of common stock	$	0.3169		$	0.3169	$	0.3169		$	0.3169
Stockholder servicing fee per share of common stock		(0.0463	)		—		(0.0457	)		(0.0135	)
Net distributions declared per share of common stock	$	0.2706		$	0.3169	$	0.2712		$	0.3034

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 six months ended June 30, 2020 ($ in thousands):

	Amount
December 31, 2019	$	272
Settlement of 2019 performance participation allocation		141,396
Repurchases		(83,625	)
Conversion to Class I and Class B units		(48,543	)
Conversion to Class I shares		(9,228	)
GAAP income allocation		(15	)
Distributions		(6	)
Fair value allocation		4
June 30, 2020	$	255