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Equity and Redeemable Non-controlling Interest (Tables)
 6 Months Ended
Jun. 30, 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:
Six Months Ended June 30, 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 stock165,035 165,035 165,035 279,643 1,814 2,213,413 2,989,975 
Distribution reinvestment— — — 458 2,133 — 2,591 
Balance at March 31, 2022351,856 351,856 351,856 466,816 2,248,528 10,769,922 14,540,834 
Issuance of common stock838 — 24,365 398,375 5,099 1,392,047 1,820,724 
Common stock repurchased(1)
— — — (291,818)— (149,616)(441,434)
Exchange of common stock(2)
— — — 2,028,085 — (1,992,225)35,860 
Distribution reinvestment— — 21 1,892 2,130 — 4,043 
Balance at June 30, 2022352,694 351,856 376,242 2,603,350 2,255,757 10,020,128 15,960,027 

Six Months Ended June 30, 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— — — — — 3,608,830 3,608,830 
Issuance of common stock— — — — — 2,636,645 2,636,645 
Distribution reinvestment— — — — — 32 32 
Balance at March 31, 2021— — — — — 6,245,507 6,245,507 
Issuance of common stock91 91 91 — — 1,154 1,427 
Exchange of common stock(3)
— — — — 156,066 (156,066)— 
Distribution reinvestment— — — 492 — — 492 
Balance at June 30, 202191 91 91 492 156,066 6,090,595 6,247,426 
(1)We repurchased 149,615 Class N shares under MassMutual’s subscription agreement and 291,818 Class I shares as permitted under Invesco Reality, Inc.’s subscription agreement.     
(2)On June 29, 2022, we issued 2,028,085 unregistered Class I shares of common stock to an affiliate of our Adviser in exchange for 1,992,225 of Class N shares with an equivalent aggregate NAV based on the NAV per share of Class I shares and Class N shares as of May 31, 2022.
(3)On May 14, 2021, we exchanged 156,066 Class N shares of our common stock held by our directors and employees of the Adviser and its affiliates, for no additional consideration, on a one-for-one basis for Class E shares of our common stock.
Schedule of Aggregate Distributions Declared
The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30, 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$31.2500 $0.4215 $0.4215 $0.4215 $0.4215 $0.4215 $0.4215 
Stockholder servicing fee per share(1)(2)
— 0.0754 0.0758 0.0216 — — — 
Net distributions declared per share$31.2500 $0.4969 $0.4973 $0.4431 $0.4215 $0.4215 $0.4215 
Three Months Ended June 30, 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$31.2500 $0.1320 $0.1320 $0.1320 $0.2622 $0.2622 $0.4242 
Stockholder servicing fee per share(1)
— (0.0195)(0.0195)(0.0057)— — — 
Net distributions declared per share$31.2500 $0.1125 $0.1125 $0.1263 $0.2622 $0.2622 $0.4242 
Six Months Ended June 30, 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$31.2500 $0.8467 $0.8467 $0.8467 $0.8467 $0.8467 $0.8467 
Stockholder servicing fee per share(1)(2)
— 0.0111 0.0115 0.0027 — — — 
Net distributions declared per share$31.2500 $0.8578 $0.8582 $0.8494 $0.8467 $0.8467 $0.8467 
Six Months Ended June 30, 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$31.2500 $0.1320 $0.1320 $0.1320 $0.2622 $0.2622 $0.8522 
Stockholder servicing fee per share(1)
— (0.0195)(0.0195)(0.0057)— — — 
Net distributions declared per share$31.2500 $0.1125 $0.1125 $0.1263 $0.2622 $0.2622 $0.8522 
(1)See Note 13 — “Related Party Transactions” for a discussion of the stockholder servicing fees.
(2)For Class T, Class S and Class D Common Stock, the stockholder servicing fee in the distribution above results in a net distribution higher than the gross distribution because it includes an adjustment for stockholder servicing fees deducted from prior monthly distributions.
Redeemable Noncontrolling Interest The following table details the non-controlling interest activity related to the Special Limited Partner:
Three Months Ended June 30,Six Months Ended June 30,
$ in thousands2022202120222021
Net loss allocated$(38)$— $(299)$— 
Distributions$44 $— $74 $— 
Adjustment to carrying value $128 $— $128 $—