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Equity and Redeemable Non-controlling Interest (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Company's Authorized Capital

As of September 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 September 30, 2020
	Class S			Class I			Class T			Class D			Total
June 30, 2020		632,208			820,813			43,957			103,162			1,600,140
Common stock issued		31,168			55,788			1,471			6,772			95,199
Distribution reinvestment		5,465			5,278			343			865			11,951
Common stock repurchased		(6,807	)		(22,552	)		(719	)		(1,203	)		(31,281	)
Independent directors' restricted stock grant⁽¹⁾		—			37			—			—			37
September 30, 2020		662,034			859,364			45,052			109,596			1,676,046

	Nine Months Ended September 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		155,466			428,070			7,459			28,210			619,205
Distribution reinvestment		15,396			14,098			992			2,396			32,882
Common stock repurchased		(39,641	)		(57,120	)		(3,166	)		(5,667	)		(105,594	)
Independent directors' restricted stock grant⁽¹⁾	—				37		—			—				37
September 30, 2020		662,034			859,364			45,052			109,596			1,676,046

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 nine months ended September 30, 2020:

	Three Months Ended September 30, 2020
	Class S			Class I		Class T			Class D
Aggregate gross distributions declared per share of common stock	$	0.1586		$	0.1586	$	0.1586		$	0.1586
Stockholder servicing fee per share of common stock		(0.0233	)		—		(0.0230	)		(0.0068	)
Net distributions declared per share of common stock	$	0.1353		$	0.1586	$	0.1356		$	0.1518

	Nine Months Ended September 30, 2020
	Class S			Class I		Class T			Class D
Aggregate gross distributions declared per share of common stock	$	0.4755		$	0.4755	$	0.4755		$	0.4755
Stockholder servicing fee per share of common stock		(0.0696	)		—		(0.0687	)		(0.0203	)
Net distributions declared per share of common stock	$	0.4059		$	0.4755	$	0.4068		$	0.4552

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, 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		(13	)
Distributions		(10	)
Fair value allocation		17
September 30, 2020	$	266

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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