Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Investments in real estate, net	$ 2,234,133
Investments in real estate-related securities	644,371
Cash and cash equivalents	30,820	$ 200
Restricted cash	105,881
Intangible assets, net	88,510
Other assets	23,754
Total assets	3,127,469	200
Liabilities and Equity
Mortgage notes, term loan, and revolving credit facility, net	1,155,391
Repurchase agreements	478,455
Affiliate line of credit	122,676
Due to affiliates	101,983	86
Subscriptions received in advance	98,435
Accounts payable, accrued expenses, and other liabilities	58,103	29
Total liabilities	2,015,043	115
Commitments and contingencies
Equity
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued and outstanding as of September 30, 2017 and December 31, 2016
Additional paid-in capital	1,177,444	200
Accumulated deficit and cumulative distributions	(75,129)	(115)
Total stockholders' equity	1,103,570	85
Non-controlling interests	8,856
Total equity	1,112,426	85
Total liabilities and equity	3,127,469	200
Class S Shares [Member]
Equity
Common stock value	988
Class T Shares [Member]
Equity
Common stock value	22
Class D Shares [Member]
Equity
Common stock value	12
Class I Shares [Member]
Equity
Common stock value	$ 233