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, 2023	$ 7,136,810	$ 53	$ 1,950	$ 275	$ 2,030	$ 9,641,219	$ (15,729)	$ (2,537,302)	$ 7,092,496	$ 44,314
Common stock issued (transferred)	158,771	(2)	7	3	60	158,703			158,771
Offering costs, net	25,543					25,543			25,543
Distribution reinvestments	94,081	1	19	3	17	94,041			94,081
Amortization of restricted stock grants	420					420			420
Common stock repurchased	(861,005)	(1)	(145)	(19)	(205)	(860,635)			(861,005)
Net loss (allocated to redeemable non-controlling interest)	(227,959)							(227,067)	(227,067)	(892)
Contributions from non-controlling interests	5,035									5,035
Distributions to non-controlling interests	(2,594)									(2,594)
Distributions declared on common stock (see Note 11)	(237,487)							(237,487)	(237,487)
Other comprehensive income (loss)	(14,359)						(14,359)		(14,359)
Allocation to redeemable non-controlling interest	(16,401)					(16,401)			(16,401)
Balance at Jun. 30, 2024	6,060,855	51	1,831	262	1,902	9,042,890	(30,088)	(3,001,856)	6,014,992	45,863
Balance at Mar. 31, 2024	6,552,128	52	1,873	265	1,956	9,269,243	(25,342)	(2,739,431)	6,508,616	43,512
Common stock issued (transferred)	69,058	(1)	3	1	26	69,029			69,058
Offering costs, net	8,150					8,150			8,150
Distribution reinvestments	45,389	1	9	2	8	45,369			45,389
Amortization of restricted stock grants	210					210			210
Common stock repurchased	(346,489)	(1)	(54)	(6)	(88)	(346,340)			(346,489)
Net loss (allocated to redeemable non-controlling interest)	(146,426)							(145,721)	(145,721)	(705)
Contributions from non-controlling interests	5,035									5,035
Distributions to non-controlling interests	(1,979)									(1,979)
Distributions declared on common stock (see Note 11)	(116,704)							(116,704)	(116,704)
Other comprehensive income (loss)	(4,746)						(4,746)		(4,746)
Allocation to redeemable non-controlling interest	(2,771)					(2,771)			(2,771)
Balance at Jun. 30, 2024	6,060,855	51	1,831	262	1,902	9,042,890	(30,088)	(3,001,856)	6,014,992	45,863
Balance at Dec. 31, 2024	5,258,727	51	1,814	259	1,894	8,932,123	(50,756)	(3,691,379)	5,194,006	64,721
Common stock issued (transferred)	71,072	(1)	(2)	(4)	41	71,038			71,072
Offering costs, net	(931)					(272)			(272)	(659)
Distribution reinvestments	73,926		17	1	15	73,893			73,926
Amortization of restricted stock grants	420					420			420
Common stock repurchased	(202,132)		(33)	(4)	(57)	(202,038)			(202,132)
Net loss (allocated to redeemable non-controlling interest)	(373,360)							(371,077)	(371,077)	(2,283)
Contributions from non-controlling interests	21,560									21,560
Distributions to non-controlling interests	(4,152)									(4,152)
Distributions declared on common stock (see Note 11)	(231,266)							(231,266)	(231,266)
Other comprehensive income (loss)	69,743						69,743		69,743
Allocation to redeemable non-controlling interest	(16,034)					(16,034)			(16,034)
Balance at Jun. 30, 2025	4,667,573	50	1,796	252	1,893	8,859,130	18,987	(4,293,722)	4,588,386	79,187
Balance at Mar. 31, 2025	4,972,015	50	1,807	254	1,897	8,909,476	(28,548)	(3,984,319)	4,900,617	71,398
Common stock issued (transferred)	39,924	(0)	(2)		23	39,903			39,924
Offering costs, net	(636)					(343)			(343)	(293)
Distribution reinvestments	36,582		8		8	36,566			36,582
Amortization of restricted stock grants	210					210			210
Common stock repurchased	(114,804)		(17)	(2)	(35)	(114,750)			(114,804)
Net loss (allocated to redeemable non-controlling interest)	(195,101)							(193,897)	(193,897)	(1,204)
Contributions from non-controlling interests	10,199									10,199
Distributions to non-controlling interests	(913)									(913)
Distributions declared on common stock (see Note 11)	(115,506)							(115,506)	(115,506)
Other comprehensive income (loss)	47,535						47,535		47,535
Allocation to redeemable non-controlling interest	(11,932)					(11,932)			(11,932)
Balance at Jun. 30, 2025	$ 4,667,573	$ 50	$ 1,796	$ 252	$ 1,893	$ 8,859,130	$ 18,987	$ (4,293,722)	$ 4,588,386	$ 79,187