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Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Common Stock Class T
Common Stock
Common Stock Class S
Common Stock
Common Stock Class D
Common Stock
Common Stock Class I
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit and Cumulative Distributions
Total Stockholders' Equity
Non-Controlling Interests
Balance at Dec. 31, 2021 $ 6,673,718 $ 46 $ 1,544 $ 221 $ 1,636 $ 7,388,885 $ (530) $ (757,575) $ 6,634,227 $ 39,491
Common stock issued, net 4,829,070 10 735 95 965 4,827,265     4,829,070  
Offering costs, net (191,667)         (191,667)     (191,667)  
Distribution reinvestments 159,707 1 27 5 26 159,648     159,707  
Amortization of restricted stock grants 619         619     619  
Common stock repurchased (567,641)   (63) (1) (143) (567,434)     (567,641)  
Net income (loss) (allocated to redeemable non-controlling interest) 54,917             52,172 52,172 2,745
Contributions from non-controlling interests 14,356                 14,356
Distributions to non-controlling interests (1,865)                 (1,865)
Distributions declared on common stock (see Note 11) (387,907)             (387,907) (387,907)  
Other comprehensive loss (79,440)           (79,440)   (79,440)  
Allocation to redeemable non-controlling interests (34,086)         (34,086)     (34,086)  
Balance at Sep. 30, 2022 10,469,781 57 2,243 320 2,484 11,583,230 (79,970) (1,093,310) 10,415,054 54,727
Balance at Jun. 30, 2022 9,914,297 56 2,158 301 2,356 10,969,588 (33,768) (1,079,447) 9,861,244 53,053
Common stock issued, net 986,460 1 118 17 221 986,103     986,460  
Offering costs, net (26,783)         (26,783)     (26,783)  
Distribution reinvestments 59,938   10 2 10 59,916     59,938  
Amortization of restricted stock grants 206         206     206  
Common stock repurchased (402,360)   (43)   (103) (402,214)     (402,360)  
Net income (loss) (allocated to redeemable non-controlling interest) 130,065             128,675 128,675 1,390
Contributions from non-controlling interests 842                 842
Distributions to non-controlling interests (558)                 (558)
Distributions declared on common stock (see Note 11) (142,538)             (142,538) (142,538)  
Other comprehensive loss (46,202)           (46,202)   (46,202)  
Allocation to redeemable non-controlling interests (3,586)         (3,586)     (3,586)  
Balance at Sep. 30, 2022 10,469,781 57 2,243 320 2,484 11,583,230 (79,970) (1,093,310) 10,415,054 54,727
Balance at Dec. 31, 2022 10,145,791 57 2,246 310 2,445 11,466,270 (24,307) (1,355,256) 10,091,765 54,026
Common stock issued, net 415,368 1 45 (3) 117 415,208     415,368  
Offering costs, net 42,061         42,061     42,061  
Distribution reinvestments 158,973   27 4 28 158,914     158,973  
Amortization of restricted stock grants 630         630     630  
Common stock repurchased (2,004,675) (3) (287) (24) (466) (2,003,895)     (2,004,675)  
Net income (loss) (allocated to redeemable non-controlling interest) (396,656)             (397,863) (397,863) 1,207
Distributions to non-controlling interests (5,384)                 (5,384)
Distributions declared on common stock (see Note 11) (407,231)             (407,231) (407,231)  
Other comprehensive loss (12,680)           (12,680)   (12,680)  
Allocation to redeemable non-controlling interests (4,037)         (4,037)     (4,037)  
Balance at Sep. 30, 2023 7,932,160 55 2,031 287 2,124 10,075,151 (36,987) (2,160,350) 7,882,311 49,849
Balance at Jun. 30, 2023 8,610,430 56 2,122 293 2,220 10,547,347 (17,358) (1,974,908) 8,559,772 50,658
Common stock issued, net 102,626   8   33 102,585     102,626  
Offering costs, net 19,253         19,253     19,253  
Distribution reinvestments 51,016   9 1 9 50,997     51,016  
Amortization of restricted stock grants 210         210     210  
Common stock repurchased (639,239) (1) (108) (7) (138) (638,985)     (639,239)  
Net income (loss) (allocated to redeemable non-controlling interest) (53,940)             (55,067) (55,067) 1,127
Distributions to non-controlling interests (1,936)                 (1,936)
Distributions declared on common stock (see Note 11) (130,375)             (130,375) (130,375)  
Other comprehensive loss (19,629)           (19,629)   (19,629)  
Allocation to redeemable non-controlling interests (6,256)         (6,256)     (6,256)  
Balance at Sep. 30, 2023 $ 7,932,160 $ 55 $ 2,031 $ 287 $ 2,124 $ 10,075,151 $ (36,987) $ (2,160,350) $ 7,882,311 $ 49,849