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Consolidated Statement of Changes in Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Total Shareholders' Equity
Total Shareholders' Equity
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit and Cumulative Distributions
Accumulated Deficit and Cumulative Distributions
Cumulative Effect, Period of Adoption, Adjustment
Non-controlling Interests
Non-controlling Interests
Cumulative Effect, Period of Adoption, Adjustment
Total Equity
Total Equity
Cumulative Effect, Period of Adoption, Adjustment
Class I Common Shares
Common Stock
Class D Common Shares
Common Stock
Class S Common Shares
Common Stock
Beginning balance at Aug. 08, 2022     $ 0     $ 0 $ 0 $ 0   $ 0   $ 0   $ 0 $ 0 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Common shares issued     768,088     767,326           768,088   316 14 432
Offering costs     (31,091)     (31,091)           (31,091)        
Distribution reinvestment     3,375     3,372           3,375   1 0 2
Net loss $ (881)   (1,384)         (1,384)   529   (855)        
Other comprehensive income (loss) 3,368   3,678       3,678     (310)   3,368        
Distributions declared on common shares     (11,828)         (11,828)       (11,828)        
Common share repurchases         $ (49,707)                      
Redeemable common share measurement adjustment     (7)     (7)           (7)        
Contributions from non-controlling interests                   351,284   351,284        
Distributions to and redemptions of non-controlling interests                   (52,671)   (52,671)        
Allocation to redeemable non-controlling interests     (42)     (42)           (42)        
Reallocation between additional paid-in capital and non-controlling interests due to changes in ownership     5,294     5,294       (5,265)   29        
Ending balance at Dec. 31, 2022 1,029,650 $ (7,157) 736,083 $ (5,162)   744,852 3,678 (13,212) $ (5,162) 293,567 $ (1,995) 1,029,650 $ (7,157) 317 14 434
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Common shares issued     1,247,005     1,245,790           1,247,005   701 32 482
Offering costs     (37,083)     (37,083)           (37,083)        
Distribution reinvestment     40,679     40,639           40,679   19 1 20
Net loss (21,004)   (19,907)         (19,907)   (888)   (20,795)        
Other comprehensive income (loss) 142   (626)       (626)     890   264        
Distributions declared on common shares     (94,357)         (94,357)       (94,357)        
Common share repurchases     (38,425)   $ (38,425) (38,387)           (38,425)   (21) (2) (15)
Amortization of restricted stock grants     170     170           170        
Redeemable common share measurement adjustment     4     4           4        
Contributions from non-controlling interests                   126   126        
Distributions to and redemptions of non-controlling interests                   (41,832)   (41,832)        
Allocation to redeemable non-controlling interests     (586)     (586)           (586)        
Reallocation between additional paid-in capital and non-controlling interests due to changes in ownership     (7,044)     (7,044)       6,847   (197)        
Ending balance at Dec. 31, 2023 $ 2,077,466   $ 1,820,751     $ 1,948,355 $ 3,052 $ (132,638)   $ 256,715   $ 2,077,466   $ 1,016 $ 45 $ 921