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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 interests) (19,910)             (19,889) (19,889) (21)
Distributions to non-controlling interests (304)                 (304)
Distributions declared on common stock (see Note 11) (30,509)             (30,509) (30,509)  
Allocation to redeemable non-controlling interests (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, 2020 1,606,416 25 464 28 392 1,819,526   (224,198) 1,596,237 10,179
Allocation to redeemable non-controlling interests (5,556)                  
Balance at Sep. 30, 2021 4,854,375 40 1,216 188 1,148 5,378,498   (539,203) 4,841,887 12,488
Balance at Mar. 31, 2021 2,138,029 27 605 46 514 2,401,579   (274,596) 2,128,175 9,854
Common stock issued 1,368,383 6 297 45 274 1,367,761     1,368,383  
Offering costs (68,577)         (68,577)     (68,577)  
Distribution reinvestments 17,749   5   3 17,741     17,749  
Amortization of restricted stock grants 162         162     162  
Common stock repurchased (16,827)   (3)   (5) (16,819)     (16,827)  
Net income (loss) (allocated to redeemable non-controlling interests) (44,103)             (43,981) (43,981) (122)
Distributions to non-controlling interests (246)                 (246)
Distributions declared on common stock (see Note 11) (45,219)             (45,219) (45,219)  
Allocation to redeemable non-controlling interests (1,465)         (1,465)     (1,465)  
Balance at Jun. 30, 2021 3,347,886 33 904 91 786 3,700,382   (363,796) 3,338,400 9,486
Common stock issued 1,747,984 7 308 97 360 1,747,212     1,747,984  
Offering costs (81,819)         (81,819)     (81,819)  
Distribution reinvestments 26,523   6   5 26,512     26,523  
Amortization of restricted stock grants 161         161     161  
Common stock repurchased (10,703)   (2)   (3) (10,698)     (10,703)  
Net income (loss) (allocated to redeemable non-controlling interests) (109,428)             (109,252) (109,252) (176)
Contributions from non-controlling interests 3,537                 3,537
Distributions to non-controlling interests (359)                 (359)
Distributions declared on common stock (see Note 11) (66,155)             (66,155) (66,155)  
Allocation to redeemable non-controlling interests (3,252)         (3,252)     (3,252)  
Balance at Sep. 30, 2021 4,854,375 40 1,216 188 1,148 5,378,498   (539,203) 4,841,887 12,488
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 interests) 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 11) (112,669)             (112,669) (112,669)  
Other comprehensive loss, net (4,388)           (4,388)   (4,388)  
Allocation to redeemable non-controlling interests (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
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
Other comprehensive loss, net (79,440)                  
Allocation to redeemable non-controlling interests (34,086)                  
Balance at Sep. 30, 2022 10,469,781 57 2,243 320 2,484 11,583,230 (79,970) (1,093,310) 10,415,054 54,727
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
Common stock issued 1,774,789 1 271 24 356 1,774,137     1,774,789  
Offering costs (71,148)         (71,148)     (71,148)  
Distribution reinvestments 55,029 1 9 2 9 55,008     55,029  
Amortization of restricted stock grants 207         207     207  
Common stock repurchased (118,271)   (9)   (33) (118,229)     (118,271)  
Net income (loss) (allocated to redeemable non-controlling interests) (100,931)             (101,363) (101,363) 432
Contributions from non-controlling interests 11,828                 11,828
Distributions to non-controlling interests (643)                 (643)
Distributions declared on common stock (see Note 11) (132,700)             (132,700) (132,700)  
Other comprehensive loss, net (28,850)           (28,850)   (28,850)  
Allocation to redeemable non-controlling interests (18,119)         (18,119)     (18,119)  
Balance at Jun. 30, 2022 9,914,297 56 2,158 301 2,356 10,969,588 (33,768) (1,079,447) 9,861,244 53,053
Common stock issued 986,460 1 118 17 221 986,103     986,460  
Offering costs (26,783)         (26,783)     (26,783)  
Distribution reinvestments 59,938   10 2 10 59,916     59,938  
Amortization of restricted stock grants 206         206     206  
Common stock repurchased (402,360)   (43)   (103) (402,214)     (402,360)  
Net income (loss) (allocated to redeemable non-controlling interests) 130,065             128,675 128,675 1,390
Contributions from non-controlling interests 842                 842
Distributions to non-controlling interests (558)                 (558)
Distributions declared on common stock (see Note 11) (142,538)             (142,538) (142,538)  
Other comprehensive loss, net (46,202)           (46,202)   (46,202)  
Allocation to redeemable non-controlling interests (3,586)         (3,586)     (3,586)  
Balance at Sep. 30, 2022 $ 10,469,781 $ 57 $ 2,243 $ 320 $ 2,484 $ 11,583,230 $ (79,970) $ (1,093,310) $ 10,415,054 $ 54,727