v3.25.2
Stockholder's Equity - Summary of Common Stock Transactions (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance $ 2,728,424 $ 2,792,512 $ 2,767,650 $ 2,791,962
Issuance of common stock 97,345 128,616 221,078 250,922
Reinvestment of distributions 26,248 27,133 $ 53,282 $ 53,885
Repurchases of common stock (in shares)     (12,419,312) (9,456,522)
Repurchases of common stock (119,125) (115,558) $ (305,583) $ (233,645)
Ending balance $ 2,712,913 $ 2,816,863 $ 2,712,913 $ 2,816,863
Common Stock Class F        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     729,680  
Balance at end of period (in shares) 589,031   589,031  
Common Stock Class Y        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     843,658  
Balance at end of period (in shares) 843,658   843,658  
Common Stock Class T        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     825,192  
Balance at end of period (in shares) 786,027   786,027  
Common Stock Class S        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     64,784,166  
Balance at end of period (in shares) 64,701,459   64,701,459  
Common Stock Class D        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     442,779  
Balance at end of period (in shares) 402,519   402,519  
Common Stock Class M        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     4,638,955  
Balance at end of period (in shares) 3,902,387   3,902,387  
Common Stock Class I        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     48,222,436  
Balance at end of period (in shares) 48,125,931   48,125,931  
Common Stock        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     120,486,866 120,627,422
Beginning balance     $ 2,835,424 $ 2,848,601
Issuance of common stock (in shares)     9,102,865 10,298,793
Issuance of common stock     $ 221,078 $ 250,922
Reinvestment of distributions (in shares)     2,155,174 2,275,829
Reinvestment of distributions     $ 53,282 $ 53,885
Repurchases of common stock (in shares)     (12,419,312) (9,456,522)
Repurchases of common stock     $ (305,583) $ (233,645)
Transfers in or out (in shares)     25,419 (60,909)
Transfers in or out     $ 0 $ 0
Accrued stockholder servicing fees     $ (514) $ (1,358)
Balance at end of period (in shares) 119,351,012 123,684,613 119,351,012 123,684,613
Ending balance $ 2,803,687 $ 2,918,405 $ 2,803,687 $ 2,918,405
Common Stock | Common Stock Class F        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     729,680 734,184
Beginning balance     $ 17,798 $ 17,913
Issuance of common stock (in shares)     0 0
Issuance of common stock     $ 0 $ 0
Reinvestment of distributions (in shares)     11,312 14,136
Reinvestment of distributions     $ 287 $ 357
Repurchases of common stock (in shares)     (151,961) (1,908)
Repurchases of common stock     $ (3,843) $ (48)
Transfers in or out (in shares)     0 0
Transfers in or out     $ 0 $ 0
Accrued stockholder servicing fees     $ 0 $ 0
Balance at end of period (in shares) 589,031 746,412 589,031 746,412
Ending balance $ 14,242 $ 18,222 $ 14,242 $ 18,222
Common Stock | Common Stock Class Y        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     843,658 906,648
Beginning balance     $ 20,849 $ 22,371
Issuance of common stock (in shares)     0 0
Issuance of common stock     $ 0 $ 0
Reinvestment of distributions (in shares)     0 0
Reinvestment of distributions     $ 0 $ 0
Repurchases of common stock (in shares)     0 0
Repurchases of common stock     $ 0 $ 0
Transfers in or out (in shares)     0 0
Transfers in or out     $ 0 $ 0
Accrued stockholder servicing fees     $ 0 $ 0
Balance at end of period (in shares) 843,658 906,648 843,658 906,648
Ending balance $ 20,849 $ 22,371 $ 20,849 $ 22,371
Common Stock | Common Stock Class T        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     825,192 1,312,367
Beginning balance     $ 20,848 $ 31,238
Issuance of common stock (in shares)     25,176 80,709
Issuance of common stock     $ 624 $ 2,004
Reinvestment of distributions (in shares)     10,346 13,194
Reinvestment of distributions     $ 256 $ 328
Repurchases of common stock (in shares)     (8,448) (24,618)
Repurchases of common stock     $ (401) $ (611)
Transfers in or out (in shares)     (66,239) (400,426)
Transfers in or out     $ (1,447) $ (8,103)
Accrued stockholder servicing fees     $ (25) $ (83)
Balance at end of period (in shares) 786,027 981,226 786,027 981,226
Ending balance $ 19,855 $ 24,773 $ 19,855 $ 24,773
Common Stock | Common Stock Class S        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     64,784,166 64,584,819
Beginning balance     $ 1,501,235 $ 1,498,287
Issuance of common stock (in shares)     4,682,603 4,683,031
Issuance of common stock     $ 117,208 $ 117,366
Reinvestment of distributions (in shares)     1,121,461 1,096,854
Reinvestment of distributions     $ 28,298 $ 27,491
Repurchases of common stock (in shares)     (5,679,558) (5,428,594)
Repurchases of common stock     $ (142,004) $ (136,069)
Transfers in or out (in shares)     (207,213) (179,171)
Transfers in or out     $ (5,432) $ (4,492)
Accrued stockholder servicing fees     $ (1,520) $ (749)
Balance at end of period (in shares) 64,701,459 64,756,939 64,701,459 64,756,939
Ending balance $ 1,497,785 $ 1,501,834 $ 1,497,785 $ 1,501,834
Common Stock | Common Stock Class D        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     442,779 646,101
Beginning balance     $ 11,165 $ 15,989
Issuance of common stock (in shares)     62,530 38,013
Issuance of common stock     $ 1,554 $ 946
Reinvestment of distributions (in shares)     5,633 6,858
Reinvestment of distributions     $ 140 $ 171
Repurchases of common stock (in shares)     (22,208) (15,144)
Repurchases of common stock     $ (921) $ (377)
Transfers in or out (in shares)     (86,215) (230,595)
Transfers in or out     $ (1,774) $ (5,479)
Accrued stockholder servicing fees     $ (17) $ (12)
Balance at end of period (in shares) 402,519 445,233 402,519 445,233
Ending balance $ 10,147 $ 11,238 $ 10,147 $ 11,238
Common Stock | Common Stock Class M        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     4,638,955 4,939,668
Beginning balance     $ 108,466 $ 115,412
Issuance of common stock (in shares)     141,507 492,550
Issuance of common stock     $ 3,798 $ 12,375
Reinvestment of distributions (in shares)     48,069 58,998
Reinvestment of distributions     $ 1,196 $ 1,471
Repurchases of common stock (in shares)     (455,842) (179,860)
Repurchases of common stock     $ (11,350) $ (4,484)
Transfers in or out (in shares)     (470,302) (68,395)
Transfers in or out     $ (11,720) $ (1,705)
Accrued stockholder servicing fees     $ 1,048 $ (514)
Balance at end of period (in shares) 3,902,387 5,242,961 3,902,387 5,242,961
Ending balance $ 91,438 $ 122,555 $ 91,438 $ 122,555
Common Stock | Common Stock Class I        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance at beginning of period (in shares)     48,222,436 47,503,635
Beginning balance     $ 1,155,063 $ 1,147,391
Issuance of common stock (in shares)     4,191,049 5,004,490
Issuance of common stock     $ 97,894 $ 118,231
Reinvestment of distributions (in shares)     958,353 1,085,789
Reinvestment of distributions     $ 23,105 $ 24,067
Repurchases of common stock (in shares)     (6,101,295) (3,806,398)
Repurchases of common stock     $ (147,064) $ (92,056)
Transfers in or out (in shares)     855,388 817,678
Transfers in or out     $ 20,373 $ 19,779
Accrued stockholder servicing fees     $ 0 $ 0
Balance at end of period (in shares) 48,125,931 50,605,194 48,125,931 50,605,194
Ending balance $ 1,149,371 $ 1,217,412 $ 1,149,371 $ 1,217,412