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Condensed Consolidated Statement of Changes in Equity - USD ($)
$ in Thousands
Total
Total Shareholders' Equity
Total Shareholders' Equity
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
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 S Common Shares
Common Stock
Class N Common Shares
Common Stock
Class D Common Shares
Common Stock
Class I Common Shares
Common Stock
Beginning balance at Dec. 31, 2022   $ 736,083 $ (5,162)   $ 744,852 $ 3,678 $ (13,212) $ (5,162) $ 293,567 $ (1,995) $ 1,029,650 $ (7,157) $ 434 $ 0 $ 14 $ 317
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Common shares issued   891,563     890,692           891,563   343   26 502
Offering costs   (27,460)     (27,460)           (27,460)          
Distribution reinvestment   26,723     26,697           26,723   14   1 11
Common share repurchases   (31,820)   $ (31,820) (31,789)           (31,820)   (12)   (2) (17)
Amortization of restricted share grants   111     111           111          
Net income   363         363   1,972   2,335          
Other comprehensive income $ 25,612 21,594       21,594     3,941   25,535          
Distributions declared on common shares   (62,820)         (62,820)       (62,820)          
Redeemable common share measurement adjustment   (269)     (269)           (269)          
Contributions from non-controlling interests                 92   92          
Distributions to and redemptions of non-controlling interests                 (36,523)   (36,523)          
Redeemable non-controlling interests measurement adjustment   (346)     (346)           (346)          
Reallocation between additional paid-in capital and non-controlling interests due to changes in ownership   (4,677)     (4,677)       4,595   (82)          
Ending balance at Sep. 30, 2023   1,543,883     1,597,811 25,272 (80,831)   265,649   1,809,532   779 0 39 813
Beginning balance at Jun. 30, 2023   1,286,215     1,298,867 23,190 (37,172)   271,815   1,558,030   654 0 33 643
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Common shares issued   308,631     308,330           308,631   123   5 173
Offering costs   (6,826)     (6,826)           (6,826)          
Distribution reinvestment   11,329     11,317           11,329   6   1 5
Common share repurchases   (12,477)   (12,477) (12,465)           (12,477)   (4)     (8)
Amortization of restricted share grants   37     37           37          
Net income   (17,793)         (17,793)   (2,726)   (20,519)          
Other comprehensive income 2,438 2,082       2,082     355   2,437          
Distributions declared on common shares   (25,866)         (25,866)       (25,866)          
Redeemable common share measurement adjustment   (127)     (127)           (127)          
Contributions from non-controlling interests                 33   33          
Distributions to and redemptions of non-controlling interests                 (4,781)   (4,781)          
Redeemable non-controlling interests measurement adjustment   (341)     (341)           (341)          
Reallocation between additional paid-in capital and non-controlling interests due to changes in ownership   (981)     (981)       953   (28)          
Ending balance at Sep. 30, 2023   1,543,883     1,597,811 25,272 (80,831)   265,649   1,809,532   779 0 39 813
Beginning balance at Dec. 31, 2023 2,077,466 1,820,751     1,948,355 3,052 (132,638)   256,715   2,077,466   921 0 45 1,016
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Common shares issued   1,747,847     1,746,124           1,747,847   749 83 14 877
Offering costs   (48,282)     (48,282)           (48,282)          
Distribution reinvestment   68,666     68,599           68,666   32     35
Common share repurchases   (115,483)   (115,483) (115,369)           (115,483)   (52)     (62)
Converted common shares         1           0       (47) 46
Amortization of restricted share grants   (240)     (240)           (240)          
Net income   74,041         74,041   5,967   80,008          
Other comprehensive income (13,023) (12,595)       (12,595)     (325)   (12,920)          
Distributions declared on common shares   (146,687)         (146,687)       (146,687)          
Redeemable common share measurement adjustment   (1)     (1)           (1)          
Contributions from non-controlling interests                 127   127          
Distributions to and redemptions of non-controlling interests                 (23,695)   (23,695)          
Redeemable non-controlling interests measurement adjustment   (598)     (598)           (598)          
Reallocation between additional paid-in capital and non-controlling interests due to changes in ownership   (10,467)     (10,467)       9,719   (748)          
Ending balance at Sep. 30, 2024 3,625,460 3,376,952     3,588,122 (9,543) (205,284)   248,508   3,625,460   1,650 83 12 1,912
Beginning balance at Jun. 30, 2024   2,873,482     3,047,387 16,035 (193,046)   254,387   3,127,869   1,458 19 12 1,617
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Common shares issued   605,197     604,600           605,197   211 64   322
Offering costs   (15,302)     (15,302)           (15,302)          
Distribution reinvestment   28,550     28,522           28,550   13     15
Common share repurchases   (74,510)   $ (74,509) (74,436)           (74,510)   (32)     (42)
Amortization of restricted share grants   47     47           47          
Net income   46,774         46,774   3,237   50,011          
Other comprehensive income (27,687) (25,578)       (25,578)     (1,923)   (27,501)          
Distributions declared on common shares   (59,012)         (59,012)       (59,012)          
Redeemable common share measurement adjustment 23 23     23                      
Contributions from non-controlling interests                 44   44          
Distributions to and redemptions of non-controlling interests                 (9,560)   (9,560)          
Redeemable non-controlling interests measurement adjustment   (161)     (161)           (161)          
Reallocation between additional paid-in capital and non-controlling interests due to changes in ownership   (2,558)     (2,558)       2,323   (235)          
Ending balance at Sep. 30, 2024 $ 3,625,460 $ 3,376,952     $ 3,588,122 $ (9,543) $ (205,284)   $ 248,508   $ 3,625,460   $ 1,650 $ 83 $ 12 $ 1,912