Equity and Redeemable Non-controlling Interests (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Company's Authorized Capital

As of September 30, 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:  

	Nine months ended September 30, 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		1,026,845			73,624,501			9,460,160			96,393,798			180,505,304
Distribution reinvestment plan shares issued		92,182			2,675,418			530,395			2,638,974			5,936,969
Common stock shares repurchased		(30,885	)		(6,396,590	)		(156,066	)		(14,251,865	)		(20,835,406	)
September 30, 2022		5,736,578			224,284,365			31,976,788			248,405,407			510,403,138

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, 2022:

	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		(0.1728	)		(0.1727	)		(0.0501	)		—
Net distributions declared per share of common stock	$	0.7587		$	0.7588		$	0.8814		$	0.9315

Schedule of Redeemable Noncontrolling Interest Activity

The following table details the Redeemable non-controlling interests activity related to the Special Limited Partner and third-party Operating Partnership unitholders for the nine months ended September 30, 2022 ($ in thousands):

	Special Limited Partner September 30, 2022			Third-party Operating Partnership unitholders September 30, 2022			Total September 30, 2022
Balance at the beginning of the year	$	30,502		$	—		$	30,502
Settlement of performance participation allocation		204,225			—			204,225
Issuance of SREIT OP units as consideration for acquisitions of real estate		—			190,459			190,459
GAAP income (loss) allocation		949			487			1,436
Distributions		(8,429	)		(4,175	)		(12,604	)
Fair value allocation		22,796			11,290			34,086
Ending balance	$	250,043		$	198,061		$	448,104

The following table details the Redeemable non-controlling interests activity related to the Special Limited Partner and third-party Operating Partnership unitholders for the nine months ended September 30, 2021 ($ in thousands):

	Special Limited Partner September 30, 2021			Third-party Operating Partnership unitholders September 30, 2021		Total September 30, 2021
Balance at the beginning of the year	$	10,409		$	—	$	10,409
Settlement of performance participation allocation		15,061			—		15,061
GAAP income (loss) allocation		(1,235	)		—		(1,235	)
Distributions		(1,095	)		—		(1,095	)
Fair value allocation		5,556			—		5,556
Ending balance	$	28,696		$	—	$	28,696