Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets
Investments in real estate, net	$ 28,869,214	$ 26,326,868
Investments in unconsolidated entities	814,134
Investments in real estate debt	4,965,677	4,523,260
Cash and cash equivalents	240,022	204,269
Restricted cash	468,567	905,433
Other assets	1,675,194	1,079,993
Total assets	37,032,808	33,039,823
Liabilities and Equity
Mortgage notes, term loans, and secured revolving credit facilities, net	17,579,032	16,929,659
Secured financings on investments in real estate debt	2,392,945	3,092,137
Due to affiliates	623,036	690,143
Accounts payable, accrued expenses, and other liabilities	1,205,826	1,692,087
Total liabilities	21,800,839	22,404,026
Commitments and contingencies
Redeemable non-controlling interests	27,941	21,149
Equity
Preferred stock, $0.01 par value per share, 100,000 shares authorized; no shares issued and outstanding as of September 30, 2020 and December 31, 2019
Additional paid-in capital	17,726,921	11,716,721
Accumulated deficit and cumulative distributions	(2,873,756)	(1,422,885)
Total stockholders' equity	14,869,924	10,305,132
Non-controlling interests attributable to third party joint ventures	142,702	157,795
Non-controlling interests attributable to BREIT OP unitholders	191,402	151,721
Total equity	15,204,028	10,614,648
Total liabilities and equity	37,032,808	33,039,823
Class S Shares [Member]
Equity
Common stock value	6,620	5,308
Class T Shares [Member]
Equity
Common stock value	450	398
Class D Shares [Member]
Equity
Common stock value	1,096	847
Class I Shares [Member]
Equity
Common stock value	$ 8,593	$ 4,743