XML 81 R66.htm IDEA: XBRL DOCUMENT v3.22.1
Related Party Transactions - Additional Information (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended
May 10, 2022
Mar. 11, 2022
Apr. 30, 2022
Mar. 31, 2022
Mar. 31, 2021
Jan. 31, 2022
Dec. 31, 2021
Dec. 31, 2019
Related Party Transaction [Line Items]                
Percentage of management fee on NAV per annum       1.25%        
Management fees       $ 34,155 $ 7,420      
Annual hurdle percentage       5.00%        
Recognized liabilities for performance participation expense       $ 87,126 8,708      
Due to affiliates       471,316     $ 513,268  
Operating expenses       132,998 42,880      
Leasing and legal service fees       0 0      
Services fee for accounting and administrative matters       300 0      
Dealer Manager                
Related Party Transaction [Line Items]                
Cost of legal services       100 0      
Accrued Stockholder Servicing Fee                
Related Party Transaction [Line Items]                
Due to affiliates       365,592     291,544  
Advanced Organization And Offering Costs                
Related Party Transaction [Line Items]                
Due to affiliates       4,009     4,373  
Accrued Affiliate Service Provider Expenses                
Related Party Transaction [Line Items]                
Due to affiliates       1,002     843  
Accrued Affiliate Service Provider Expenses | Rental property operating                
Related Party Transaction [Line Items]                
Operating expenses       $ 2,800 1,300      
Class I Unit                
Related Party Transaction [Line Items]                
Units issued as payment for performance participation allocation           7,872,930    
Subsequent Event                
Related Party Transaction [Line Items]                
Purchase Price $ 3,500,000              
Unregistered Class I shares                
Related Party Transaction [Line Items]                
Stock issued as management fees, shares       824,691        
Management fees, accrued       $ 12,400        
Unregistered Class I shares | Subsequent Event                
Related Party Transaction [Line Items]                
Stock issued as management fees, shares     457,388          
Starwood Capital And Third Party                
Related Party Transaction [Line Items]                
Purchase Price   $ 109,200            
Special Limited Partner                
Related Party Transaction [Line Items]                
Related party allocation percentage of annual total return       12.50%        
All Other Unit Holders [Member]                
Related Party Transaction [Line Items]                
Related party allocation percentage of annual total return       87.50%        
Dealer Manager | Common Stock Class T, Class S and Class D | Accrued Stockholder Servicing Fee                
Related Party Transaction [Line Items]                
Due to affiliates       $ 365,600     291,500  
Dealer Manager | Common Stock Class T, Class S and Class D | Accrued Stockholder Servicing Fee | Maximum                
Related Party Transaction [Line Items]                
Annual stockholder servicing fee percentage       8.75%        
Advisor | Advanced Organization And Offering Costs                
Related Party Transaction [Line Items]                
Due to affiliates               $ 7,300
Advisor | Advanced Expenses | One Month in Arrears                
Related Party Transaction [Line Items]                
Due to affiliates       $ 5,000     6,700  
Advisor | Advanced Expenses | Unaffiliated Third Party                
Related Party Transaction [Line Items]                
Due to affiliates       100     $ 100  
Affiliate Service Provider Expenses                
Related Party Transaction [Line Items]                
Cost of legal services       200 100      
Accrued Affiliate Service Provider Expenses | Essex Service Provider                
Related Party Transaction [Line Items]                
Cost of legal services       $ 1,100 $ 0