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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 1,100,000,000 shares of capital stock, consisting of the following:

Classification	Number of Shares		Par Value
Preferred Stock		100,000,000	$	0.01
Class T Shares		250,000,000	$	0.01
Class S Shares		250,000,000	$	0.01
Class D Shares		250,000,000	$	0.01
Class I Shares		250,000,000	$	0.01
Total		1,100,000,000

Schedule of Common Stock Outstanding shares

The following table details the movement in the Company’s outstanding shares of common stock:

	Nine months ended September 30, 2020
	Class T			Class S			Class D			Class I			Total
December 31, 2019		1,412,563			26,164,794			1,653,094			16,114,284			45,344,735
Common stock shares issued		950,474			14,647,233			845,900			15,122,090			31,565,697
Distribution reinvestment plan shares issued		39,322			847,747			62,520			420,998			1,370,587
Common stock shares repurchased		(131,626	)		(748,947	)		(69,704	)		(396,308	)		(1,346,585	)
September 30, 2020		2,270,733			40,910,827			2,491,810			31,261,064			76,934,434

Schedule of Aggregate Distributions Declared for Each Class of Common Stock

The following table details the aggregate distributions declared for each applicable class of common stock for the nine months ended September 30, 2020:

	Class T			Class S			Class D			Class I
Gross distributions declared per share of common stock	$	0.9315		$	0.9315		$	0.9315		$	0.9315
Stockholder servicing fee per share of common stock		(0.1357	)		(0.1361	)		(0.0399	)		—
Net distributions declared per share of common stock	$	0.7958		$	0.7954		$	0.8916		$	0.9315

Schedule of Redeemable Noncontrolling Interest Activity

The following table summarizes the Redeemable non-controlling interest activity for the nine months ended September 30, 2020 ($ in thousands):

December 31, 2019	$	—
Settlement of 2019 performance participation allocation		10,366
GAAP income allocation		(458	)
Distributions		(448	)
Fair value allocation		792
September 30, 2020	$	10,252

- 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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+ Details