XML 65 R53.htm IDEA: XBRL DOCUMENT v3.21.2
Equity - Narrative (Details)
3 Months Ended 6 Months Ended 12 Months Ended 42 Months Ended 83 Months Ended
Jun. 15, 2021
USD ($)
shares
Mar. 25, 2021
USD ($)
shares
Mar. 01, 2021
shares
Jan. 22, 2021
USD ($)
shares
Jan. 15, 2020
USD ($)
shares
May 01, 2019
USD ($)
shares
Jun. 30, 2021
USD ($)
vote
$ / shares
shares
Mar. 31, 2021
shares
Jun. 30, 2020
$ / shares
shares
Sep. 30, 2019
USD ($)
shares
Jun. 30, 2021
USD ($)
vote
$ / shares
shares
Jun. 30, 2020
USD ($)
$ / shares
shares
Dec. 31, 2020
USD ($)
shares
Mar. 31, 2021
USD ($)
shares
Jun. 30, 2021
USD ($)
vote
$ / shares
shares
Oct. 29, 2020
shares
Jul. 17, 2020
USD ($)
Mar. 31, 2020
shares
Feb. 26, 2020
USD ($)
Dec. 31, 2019
shares
Apr. 30, 2019
shares
Jun. 30, 2015
shares
Class of Stock [Line Items]                                            
Proceeds from sale of shares | $                           $ 2,800,000,000                
Number of shares outstanding (in shares)             323,910,617       323,910,617   230,320,668   323,910,617              
Shares issued | $ [1]             $ 324,000       $ 324,000   $ 230,000   $ 324,000              
2021 Restricted Stock Units                                            
Class of Stock [Line Items]                                            
Fair value of grants issued | $ $ 400,000                                          
Share Redemption Program                                            
Class of Stock [Line Items]                                            
Minimum ownership balance (shares) | $             2,500       $ 2,500       2,500              
Minimum holding period for stock to be redeemed from stockholder by the Company                     1 year                      
Private Placement                                            
Class of Stock [Line Items]                                            
Number of shares issued (shares)                                           43,772,611
Stock authorized under offering (shares) | $                                     $ 2,000,000,000.0      
Follow-on Offering                                            
Class of Stock [Line Items]                                            
Stock authorized under offering (shares) | $                                     2,200,000,000      
Distribution Reinvestment Plan                                            
Class of Stock [Line Items]                                            
Stock authorized under offering (shares) | $                                 $ 100,000,000   $ 200,000,000      
Shares issued | $             333,100,000       $ 333,100,000   $ 318,200,000   333,100,000              
Maximum | Share Redemption Program                                            
Class of Stock [Line Items]                                            
Aggregate redemption of Company's shares (percent)                   5.00% 5.00%                      
RSUs                                            
Class of Stock [Line Items]                                            
RSU's issued (in shares)                     1,619,255   589,248                  
Total compensation expense | $                     $ 2,100,000 $ 1,100,000                    
Shares used to satisfy employee tax withholding requirements on vesting restricted stock (shares)                     83,027                      
RSUs | 2019 Restricted Stock Units                                            
Class of Stock [Line Items]                                            
RSU's issued (in shares)           1,009,415                                
Vesting installment (percent)           25.00%                                
Fair value of grants issued | $           $ 9,700,000                                
Unrecognized cost | $             3,400,000       $ 3,400,000       3,400,000              
Unrecognized cost recognition period                     2 years                      
RSUs | 2020 Restricted Stock Units                                            
Class of Stock [Line Items]                                            
RSU's issued (in shares)         589,248                                  
Fair value of grants issued | $         $ 5,500,000                                  
Unrecognized cost | $             2,700,000       $ 2,700,000       2,700,000              
Unrecognized cost recognition period                     3 years                      
Vesting (percent)         25.00%                                  
RSUs | 2021 Restricted Stock Units | Award Date January 22, 2021                                            
Class of Stock [Line Items]                                            
RSU's issued (in shares)       1,071,347                                    
Fair value of grants issued | $       $ 9,600,000                                    
Unrecognized cost | $             7,000,000.0       $ 7,000,000.0       7,000,000.0              
Unrecognized cost recognition period                     3 years                      
RSUs | 2021 Restricted Stock Units | Award Date March 25, 2021                                            
Class of Stock [Line Items]                                            
RSU's issued (in shares)   547,908                                        
Fair value of grants issued | $   $ 4,900,000                                        
Unrecognized cost | $             $ 4,600,000       $ 4,600,000       $ 4,600,000              
Unrecognized cost recognition period                     4 years                      
Restricted Stock | Former directors                                            
Class of Stock [Line Items]                                            
RSU's issued (in shares) 49,614   3,901                                      
Restricted Stock | Former directors | Vesting upon issuance                                            
Class of Stock [Line Items]                                            
Vesting (percent) 50.00%                                          
Restricted Stock | Former directors | Vesting one year after grant date                                            
Class of Stock [Line Items]                                            
Vesting period 1 year                                          
Common Class T                                            
Class of Stock [Line Items]                                            
Number of shares outstanding (in shares)             562,857       562,857       562,857              
Number of votes each share is entitled to | vote             1       1       1              
Common Class S                                            
Class of Stock [Line Items]                                            
Number of shares outstanding (in shares)             1,800       1,800       1,800              
Number of votes each share is entitled to | vote             1       1       1              
Common Class D                                            
Class of Stock [Line Items]                                            
Number of shares outstanding (in shares)             41,705       41,705       41,705              
Number of votes each share is entitled to | vote             1       1       1              
Common Class I                                            
Class of Stock [Line Items]                                            
Number of shares outstanding (in shares)             1,906,996       1,906,996       1,906,996              
Number of votes each share is entitled to | vote             1       1       1              
Common Class A                                            
Class of Stock [Line Items]                                            
Number of shares outstanding (in shares)             24,476,465       24,476,465       24,476,465              
Number of votes each share is entitled to | vote             1       1       1              
Common Class AA                                            
Class of Stock [Line Items]                                            
Number of shares outstanding (in shares)             47,527,441       47,527,441       47,527,441              
Number of votes each share is entitled to | vote             1       1       1              
Common Class AAA                                            
Class of Stock [Line Items]                                            
Number of shares outstanding (in shares)             923,897       923,897       923,897              
Number of votes each share is entitled to | vote             1       1       1              
Common Class E                                            
Class of Stock [Line Items]                                            
Number of shares outstanding (in shares)             248,469,456       248,469,456       248,469,456              
Number of votes each share is entitled to | vote             1       1       1              
Common Class E | 2021 Restricted Stock Units | Award Date March 25, 2021                                            
Class of Stock [Line Items]                                            
Number of shares contingently entitled to be received for each RSU (shares)   1                                        
Common Class E | Share Redemption Program                                            
Class of Stock [Line Items]                                            
Excess of quarterly cap limitation (in shares)                   2,872,488                        
Excess of quarterly cap limitation | $                   $ 27,400,000                        
Common Class E | Private Placement                                            
Class of Stock [Line Items]                                            
Number of shares issued (shares)                               93,457,668         174,981,547  
Common Stock                                            
Class of Stock [Line Items]                                            
Number of shares outstanding (in shares)             323,910,617 323,881,102 229,897,937   323,910,617 229,897,937 230,320,668 323,881,102 323,910,617     229,671,555   227,853,720    
Stock redeemed during period (in shares)             871,550   301   1,643,814 548,613                    
Weighted average price per share (in dollars per share) | $ / shares             $ 9.06   $ 9.33   $ 9.01 $ 9.32                    
Shares used to satisfy employee tax withholding requirements on vesting restricted stock (shares)               99,298                            
Common Stock | Share Redemption Program                                            
Class of Stock [Line Items]                                            
Stock redeemed during period (in shares)             437,298               27,716,267              
Stock redeemed, value | $                             $ 260,100,000              
Weighted average price per share (in dollars per share) | $ / shares                             $ 9.38              
Common Stock | Common Class E | RSUs | 2020 Restricted Stock Units                                            
Class of Stock [Line Items]                                            
Number of shares contingently entitled to be received for each RSU (shares)         1                                  
[1] See Note 9, Equity, for the number of shares outstanding of each class of common stock as of June 30, 2021.