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Condensed Consolidated Statement 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, 2020 $ 1,606,416 $ 25 $ 464 $ 28 $ 392 $ 1,819,526   $ (224,198) $ 1,596,237 $ 10,179
Common stock issued 611,874 2 141 18 121 611,592     611,874  
Offering costs (30,594)         (30,594)     (30,594)  
Distribution reinvestments 14,101   4   2 14,095     14,101  
Amortization of restricted stock grants 53         53     53  
Common stock repurchased (12,259)   (4)   (1) (12,254)     (12,259)  
Net income (loss) (allocated to redeemable non-controlling interest) (19,910)             (19,889) (19,889) (21)
Distributions to non-controlling interests (304)                 (304)
Distributions declared on common stock (see Note 10) (30,509)             (30,509) (30,509)  
Allocation to redeemable non- controlling interest (839)         (839)     (839)  
Balance at Mar. 31, 2021 2,138,029 27 605 46 514 2,401,579   (274,596) 2,128,175 9,854
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 2,067,821 8 346 54 388 2,067,025     2,067,821  
Offering costs (93,736)         (93,736)     (93,736)  
Distribution reinvestments 44,740   8 1 7 44,724     44,740  
Amortization of restricted stock grants 206         206     206  
Common stock repurchased (47,010)   (11) (1) (7) (46,991)     (47,010)  
Net income (loss) (allocated to redeemable non-controlling interest) 25,783             24,860 24,860 923
Contributions from non-controlling interests 1,686                 1,686
Distributions to non-controlling interests (664)                 (664)
Distributions declared on common stock (see Note 10) (112,669)             (112,669) (112,669)  
Other comprehensive loss, net (4,388)           (4,388)   (4,388)  
Allocation to redeemable non- controlling interest (12,381)         (12,381)     (12,381)  
Balance at Mar. 31, 2022 $ 8,543,106 $ 54 $ 1,887 $ 275 $ 2,024 $ 9,347,732 $ (4,918) $ (845,384) $ 8,501,670 $ 41,436