Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Investments in real estate, net	$ 9,040,454	$ 3,406,555
Investments in real estate-related securities	2,029,334	915,742
Cash and cash equivalents	75,529	31,166
Restricted cash	223,368	126,563
Other assets	358,489	145,282
Total assets	11,727,174	4,625,308
Liabilities and Equity
Mortgage notes, term loans, and revolving credit facilities, net	6,170,104	2,111,291
Repurchase agreements	1,541,715	682,848
Affiliate line of credit		5,374
Due to affiliates	248,261	133,071
Accounts payable, accrued expenses, and other liabilities	446,323	182,835
Total liabilities	8,406,403	3,115,419
Commitments and contingencies
Redeemable non-controlling interest	9,258	250
Equity
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; no shares issued and outstanding as of September 30, 2018 and December 31, 2017
Additional paid-in capital	3,600,257	1,616,720
Accumulated deficit and cumulative distributions	(403,211)	(132,633)
Total stockholders' equity	3,200,724	1,485,791
Non-controlling interests	110,789	23,848
Total equity	3,311,513	1,509,639
Total liabilities and equity	11,727,174	4,625,308
Class S Shares [Member]
Equity
Common stock value	2,373	1,301
Class T Shares [Member]
Equity
Common stock value	192	56
Class D Shares [Member]
Equity
Common stock value	242	40
Class I Shares [Member]
Equity
Common stock value	$ 871	$ 307

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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- Definition

Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.