Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Investments in real estate, net	$ 28,811,356	$ 26,326,868
Investments in unconsolidated entities	809,452
Investments in real estate debt	4,293,600	4,523,260
Cash and cash equivalents	738,553	204,269
Restricted cash	948,610	905,433
Other assets	1,462,134	1,079,993
Total assets	37,063,705	33,039,823
Liabilities and Equity
Mortgage notes, term loans, and secured revolving credit facilities, net	18,093,242	16,929,659
Repurchase agreements	2,516,313	3,092,137
Due to affiliates	581,487	690,143
Accounts payable, accrued expenses, and other liabilities	2,034,575	1,692,087
Total liabilities	23,225,617	22,404,026
Commitments and contingencies
Redeemable non-controlling interests	22,486	21,149
Equity
Preferred stock, $0.01 par value per share, 100,000 shares authorized; no shares issued and outstanding as of March 31, 2020 and December 31, 2019
Additional paid-in capital	16,278,758	11,716,721
Accumulated deficit and cumulative distributions	(2,830,046)	(1,422,885)
Total stockholders' equity	13,464,056	10,305,132
Non-controlling interests attributable to third party joint ventures	161,305	157,795
Non-controlling interests attributable to BREIT OP unitholders	190,241	151,721
Total equity	13,815,602	10,614,648
Total liabilities and equity	37,063,705	33,039,823
Class S Shares [Member]
Equity
Common stock value	6,111	5,308
Class T Shares [Member]
Equity
Common stock value	439	398
Class D Shares [Member]
Equity
Common stock value	964	847
Class I Shares [Member]
Equity
Common stock value	$ 7,830	$ 4,743