Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Investments in real estate, net	$ 20,744,467	$ 10,259,687
Investments in real estate-related securities and loans	3,804,309	2,259,913
Cash and cash equivalents	155,674	68,089
Restricted cash	666,891	238,524
Other assets	926,015	410,945
Total assets	26,297,356	13,237,158
Liabilities and Equity
Mortgage notes, term loans, and secured revolving credit facilities, net	13,250,539	6,833,269
Repurchase agreements	2,646,334	1,713,723
Due to affiliates	532,160	301,581
Accounts payable, accrued expenses, and other liabilities	1,455,675	464,398
Total liabilities	17,884,708	9,312,971
Commitments and contingencies
Redeemable non-controlling interests	8,996	9,233
Equity
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; no shares issued and outstanding as of September 30, 2019 and December 31, 2018
Additional paid-in capital	9,262,304	4,327,444
Accumulated deficit and cumulative distributions	(1,087,923)	(587,548)
Total stockholders' equity	8,183,432	3,744,286
Non-controlling interests attributable to third party joint ventures	92,073	75,592
Non-controlling interests attributable to BREIT OP unitholders	128,147	95,076
Total equity	8,403,652	3,914,954
Total liabilities and equity	26,297,356	13,237,158
Class S Shares [Member]
Equity
Common stock value	4,464	2,770
Class T Shares [Member]
Equity
Common stock value	366	233
Class D Shares [Member]
Equity
Common stock value	691	304
Class I Shares [Member]
Equity
Common stock value	$ 3,530	$ 1,083