Equity and Redeemable Non-controlling Interest (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Schedule of Common Stock Outstanding Roll Forward

The following tables detail the movement in the Company’s outstanding shares of common stock:

	Three Months Ended March 31, 2022
	Class T Shares	Class S Shares	Class D Shares	Class I Shares	Class E Shares	Class N Shares	Total
Balance at December 31, 2021	186,821	186,821	186,821	186,715	2,244,581	8,556,509	11,548,268
Issuance of common stock	165,035	165,035	165,035	279,643	1,814	2,213,413	2,989,975
Distribution reinvestment	—	—	—	458	2,133	—	2,591
Balance at March 31, 2022	351,856	351,856	351,856	466,816	2,248,528	10,769,922	14,540,834

	Three Months Ended March 31, 2021
	Class T Shares	Class S Shares	Class D Shares	Class I Shares	Class E Shares	Class N Shares	Total
Balance at December 31, 2020	—	—	—	—	—	3,608,831	3,608,831
Issuance of common stock	—	—	—	—	—	2,636,645	2,636,645
Distribution reinvestment	—	—	—	—	—	32	32
Balance at March 31, 2021	—	—	—	—	—	6,245,508	6,245,508

Schedule of Aggregate Distributions Declared

The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31, 2022
	Series A Preferred Stock		Class T Common Stock		Class S Common Stock		Class D Common Stock		Class I Common Stock		Class E Common Stock		Class N Common Stock
Aggregate distributions declared per share	$	—	$	0.4252	$	0.4252	$	0.4252	$	0.4252	$	0.4252	$	0.4252
Stockholder servicing fee per share(1)	—		(0.0643)		(0.0643)		(0.0189)		—		—		—
Net distributions declared per share	$	—	$	0.3609	$	0.3609	$	0.4063	$	0.4252	$	0.4252	$	0.4252

	Three Months Ended March 31, 2021
	Series A Preferred Stock		Class T Common Stock		Class S Common Stock		Class D Common Stock		Class I Common Stock		Class E Common Stock		Class N Common Stock
Aggregate distributions declared per share	$	—	$	—	$	—	$	—	$	—	$	—	$	0.4280
Net distributions declared per share	$	—	$	—	$	—	$	—	$	—	$	—	$	0.4280

(1)See Note 13 — “Related Party Transactions” for a discussion of our stockholder servicing fee.

Redeemable Noncontrolling Interest

The following table details the non-controlling interest activity related to the Special Limited Partner:

	Three Months Ended March 31,
$ in thousands	2022		2021
Net loss allocated	$	(261)	$	—
Distributions	$	30	$	—
Adjustment to carrying value	$	138	$	—