Equity (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Stock by Class

The following table sets forth the classes of outstanding common share as of March 31, 2023 and December 31, 2022:

	As of
	March 31, 2023	December 31, 2022
Class A	2,714,120	2,714,120
Class AA	5,272,834	5,272,834
Class AAA	102,993	102,993
Class D	4,668	4,668
Class E	27,637,559	27,630,545
Class I	212,424	212,414
Class S	200	200
Class T	62,124	62,124

Schedule of Stock Issued Under DRP Offering

The following table summarizes the DRP offerings, by share class, as of March 31, 2023:

Share Class	Amount		Shares
Class A	$	9,687	116,908
Class AA	19,047		229,819
Class AAA	290		3,502
Class D	21		248
Class E	311,405		3,588,818
Class I	437		5,225
Class S	—		1
Class T	177		2,121
Total	$	341,064	3,946,642

Schedule of Share Redemption Activity

The following table summarizes share redemption activity under the SRP during the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023			2022
Shares of common shares redeemed	941		(1)	—
Weighted average price per share	$	66.87		$	—

(1) Does not include shares withheld to satisfy minimum statutory tax withholding requirements associated with the vesting of RSUs.

Schedule of Unvested Shares of Restricted Stock Awards Activity

The following table summarizes the activity of unvested shares of RSU awards for the periods presented:

	Number of Unvested Shares of RSU Awards	Weighted-Average Grant Date Fair Value per Share
Balance at December 31, 2021	169,846
Granted	116,749	$	66.87
Forfeited	(9,404)	$	80.38
Vested	(119,056)	$	77.68
Balance at December 31, 2022	158,135
Granted	141,242	$	60.05
Forfeited	—	$	—
Vested(1)	(13,620)	$	80.73
Balance at March 31, 2023	285,757

(1)    Total shares vested include 5,700 common shares that were tendered by employees during the three months ended March 31, 2023 to satisfy minimum statutory tax with holdings requirements associated with the vesting of RSUs.