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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Cumulative Distributions and Net Loss
Noncontrolling Interests (Deficit)
Beginning balance (in shares) at Dec. 31, 2022     103,932,083      
Beginning balance at Dec. 31, 2022 $ 416,393 $ 412,301 $ 1,039 $ 907,044 $ (495,782) $ 4,092
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (77,251) (77,056)     (77,056) (195)
Transfers to redeemable common stock payable, net 1,213 1,213   1,213    
Noncontrolling interest distribution (613)         (613)
Redemptions of common stock (in shares)     (305,987)      
Redemptions of common stock (3,214) (3,214) $ (3) (3,211)    
Ending balance (in shares) at Jun. 30, 2023     103,626,096      
Ending balance at Jun. 30, 2023 336,528 333,244 $ 1,036 905,046 (572,838) 3,284
Beginning balance (in shares) at Mar. 31, 2023     103,788,298      
Beginning balance at Mar. 31, 2023 396,623 392,720 $ 1,038 907,045 (515,363) 3,903
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (57,481) (57,475)     (57,475) (6)
Transfers to redeemable common stock payable, net (297) (297)   (297)    
Noncontrolling interest distribution (613)         (613)
Redemptions of common stock (in shares)     (162,202)      
Redemptions of common stock (1,704) (1,704) $ (2) (1,702)    
Ending balance (in shares) at Jun. 30, 2023     103,626,096      
Ending balance at Jun. 30, 2023 $ 336,528 333,244 $ 1,036 905,046 (572,838) 3,284
Beginning balance (in shares) at Dec. 31, 2023 103,310,648   103,310,648      
Beginning balance at Dec. 31, 2023 $ 263,364 262,149 $ 1,033 901,049 (639,933) 1,215
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (122,652) (120,694)     (120,694) (1,958)
Transfers to redeemable common stock payable, net 357 357   357    
Noncontrolling interest contribution 397         397
Noncontrolling interest distribution (271)         (271)
Redemptions of common stock (in shares)     (293,680)      
Redemptions of common stock $ (2,357) (2,357) $ (3) (2,354)   0
Ending balance (in shares) at Jun. 30, 2024 103,016,968   103,016,968      
Ending balance at Jun. 30, 2024 $ 138,838 139,455 $ 1,030 899,052 (760,627) (617)
Beginning balance (in shares) at Mar. 31, 2024     103,214,807      
Beginning balance at Mar. 31, 2024 186,720 185,676 $ 1,032 901,050 (716,406) 1,044
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (45,658) (44,221)     (44,221) (1,437)
Transfers to redeemable common stock payable, net (399) (399)   (399)    
Noncontrolling interest contribution 47         47
Noncontrolling interest distribution (271)         (271)
Redemptions of common stock (in shares)     (197,839)      
Redemptions of common stock $ (1,601) (1,601) $ (2) (1,599)   0
Ending balance (in shares) at Jun. 30, 2024 103,016,968   103,016,968      
Ending balance at Jun. 30, 2024 $ 138,838 $ 139,455 $ 1,030 $ 899,052 $ (760,627) $ (617)