Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Investments in real estate, net	$ 10,259,687	$ 3,406,555
Investments in real estate-related securities	2,259,913	915,742
Cash and cash equivalents	68,089	31,166
Restricted cash	238,524	126,563
Other assets	410,945	145,282
Total assets	13,237,158	4,625,308
Liabilities and Equity
Mortgage notes, term loans, and revolving credit facilities, net	6,833,269	2,111,291
Repurchase agreements	1,713,723	682,848
Affiliate line of credit		5,374
Due to affiliates	301,581	133,071
Accounts payable, accrued expenses, and other liabilities	464,398	182,835
Total liabilities	9,312,971	3,115,419
Commitments and contingencies
Redeemable non-controlling interest	9,233	250
Equity
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; no shares issued and outstanding as of December 31, 2018 and 2017
Additional paid-in capital	4,327,444	1,616,720
Accumulated deficit and cumulative distributions	(587,548)	(132,633)
Total stockholders' equity	3,744,286	1,485,791
Non-controlling interests attributable to third party joint ventures	75,592	23,848
Non-controlling interests attributable to BREIT OP unitholders	95,076
Total equity	3,914,954	1,509,639
Total liabilities and equity	13,237,158	4,625,308
Class S Shares [Member]
Equity
Common stock value	2,770	1,301
Class T Shares [Member]
Equity
Common stock value	233	56
Class D Shares [Member]
Equity
Common stock value	304	40
Class I Shares [Member]
Equity
Common stock value	$ 1,083	$ 307