Equity and Redeemable Non-controlling Interest (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Schedule of Company's Authorized Capital

As of March 31, 2022, the Company had the authority to issue 3,100,000,000 shares of capital stock, consisting of the following:

Classification	Number of Shares		Par Value
Preferred Stock		100,000,000	$	0.01
Class T Shares		500,000,000	$	0.01
Class S Shares		1,000,000,000	$	0.01
Class D Shares		500,000,000	$	0.01
Class I Shares		1,000,000,000	$	0.01
Total		3,100,000,000

Schedule of Common Stock Outstanding shares

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

	Three months ended March 31, 2022
	Class T			Class S			Class D			Class I			Total
December 31, 2021		4,648,436			154,381,036			22,142,299			163,624,500			344,796,271
Common stock shares issued		683,879			34,567,565			5,235,258			38,690,768			79,177,470
Distribution reinvestment plan shares issued		28,927			799,492			148,140			742,812			1,719,371
Common stock shares repurchased		(2,549	)		(1,063,944	)		(74,333	)		(678,139	)		(1,818,965	)
March 31, 2022		5,358,693			188,684,149			27,451,364			202,379,941			423,874,147

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 three months ended March 31, 2022:

	Class T			Class S			Class D			Class I
Gross distributions declared per share of common stock	$	0.3105		$	0.3105		$	0.3105		$	0.3105
Stockholder servicing fee per share of common stock		(0.0552	)		(0.0552	)		(0.0161	)		—
Net distributions declared per share of common stock	$	0.2553		$	0.2553		$	0.2944		$	0.3105

Schedule of Redeemable Noncontrolling Interest Activity

The following table summarizes the Redeemable non-controlling interest activity for the three months ended March 31, 2022 and 2021 ($ in thousands):

	March 31, 2022			March 31, 2021
Balance at the beginning of the year	$	30,502		$	10,409
Settlement of performance participation allocation		204,225			15,061
GAAP income (loss) allocation		582			(221	)
Distributions		(2,810	)		(366	)
Fair value allocation		12,381			839
Ending balance	$	244,880		$	25,722