Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Investments in real estate, net	$ 26,326,868	$ 10,259,687
Real estate debt investments	4,523,260	2,259,913
Cash and cash equivalents	204,269	68,089
Restricted cash	905,433	238,524
Other assets	1,079,993	410,945
Total assets	33,039,823	13,237,158
Liabilities and Equity
Mortgage notes, term loans, and secured revolving credit facilities, net	16,929,659	6,833,269
Repurchase agreements	3,092,137	1,713,723
Due to affiliates	690,143	301,581
Accounts payable, accrued expenses, and other liabilities	1,692,087	464,398
Total liabilities	22,404,026	9,312,971
Commitments and contingencies
Redeemable non-controlling interests	21,149	9,233
Equity
Preferred stock, $0.01 par value per share, 100,000 shares authorized; no shares issued and outstanding as of December 31, 2019 and 2018
Additional paid-in capital	11,716,721	4,327,444
Accumulated deficit and cumulative distributions	(1,422,885)	(587,548)
Total stockholders' equity	10,305,132	3,744,286
Non-controlling interests attributable to third party joint ventures	157,795	75,592
Non-controlling interests attributable to BREIT OP unitholders	151,721	95,076
Total equity	10,614,648	3,914,954
Total liabilities and equity	33,039,823	13,237,158
Class S Shares [Member]
Equity
Common stock value	5,308	2,770
Class T Shares [Member]
Equity
Common stock value	398	233
Class D Shares [Member]
Equity
Common stock value	847	304
Class I Shares [Member]
Equity
Common stock value	$ 4,743	$ 1,083