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Consolidated Statements of Changes in Equity - 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, 2020 $ 1,606,416 $ 25 $ 464 $ 28 $ 392 $ 1,819,526   $ (224,198) $ 1,596,237 $ 10,179
Common stock issued, net 5,811,737 21 1,072 192 1,243 5,809,209     5,811,737  
Offering costs, net (258,769)         (258,769)     (258,769)  
Distribution reinvestments 91,192   21 1 15 91,155     91,192  
Amortization of restricted stock grants 537         537     537  
Common stock repurchased (64,550)   (13)   (14) (64,523)     (64,550)  
Net income (loss) (allocated to redeemable non-controlling interests) (302,685)             (302,251) (302,251) (434)
Contributions from non-controlling interests 30,879                 30,879
Distributions to non-controlling interests (1,133)                 (1,133)
Distributions declared on common stock (see Note 11) (231,126)             (231,126) (231,126)  
Other comprehensive income (loss) (530)           $ (530)   (530)  
Allocation to redeemable non-controllinginterest (8,250)         (8,250)     (8,250)  
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 5,421,657 11 809 105 1,093 5,419,639     5,421,657  
Offering costs, net (195,642)         (195,642)     (195,642)  
Distribution reinvestments 221,093 1 37 7 37 221,011     221,093  
Amortization of restricted stock grants 894         894     894  
Common stock repurchased (1,347,308) (1) (144) (23) (321) (1,346,819)     (1,347,308)  
Net income (loss) (allocated to redeemable non-controlling interests) (63,781)             (65,708) (65,708) 1,927
Contributions from non-controlling interests 14,899                 14,899
Distributions to non-controlling interests (2,291)                 (2,291)
Distributions declared on common stock (see Note 11) (531,973)             (531,973) (531,973)  
Other comprehensive income (loss) (23,777)           (23,777)   (23,777)  
Allocation to redeemable non-controllinginterest (21,698)         (21,698)     (21,698)  
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 502,590 (1) 49 (2) 148 502,396     502,590  
Offering costs 59,039         59,039     59,039  
Distribution reinvestments 207,385 1 37 3 38 207,306     207,385  
Amortization of restricted stock grants 840         840     840  
Common stock repurchased (2,610,495) (4) (382) (36) (601) (2,609,472)     (2,610,495)  
Net income (loss) (allocated to redeemable non-controlling interests) (646,353)             (649,703) (649,703) 3,350
Contributions from non-controlling interests 510                 510
Distributions to non-controlling interests (13,572)                 (13,572)
Distributions declared on common stock (see Note 11) (532,343)             (532,343) (532,343)  
Other comprehensive income (loss) 8,578           8,578   8,578  
Allocation to redeemable non-controllinginterest 14,840         14,840     14,840  
Balance at Dec. 31, 2023 $ 7,136,810 $ 53 $ 1,950 $ 275 $ 2,030 $ 9,641,219 $ (15,729) $ (2,537,302) $ 7,092,496 $ 44,314