Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Investments in real estate, net	$ 98,149,492	$ 66,941,653
Investments in unconsolidated entities (includes $4,947,251 and $1,613,646 at fair value as of December 31, 2022 and December 31, 2021, respectively)	9,369,402	5,501,305
Investments in real estate debt	8,001,703	6,970,606
Real estate loans held by consolidated securitization vehicles, at fair value	17,030,387	17,055,986
Cash and cash equivalents	1,281,292	989,674
Restricted cash	973,200	2,428,907
Other assets	7,881,948	6,450,733
Total assets	142,687,424	106,338,864
Liabilities and Equity
Mortgage notes, secured term loans, and secured revolving credit facilities, net	64,962,703	41,327,388
Secured financings of investments in real estate debt	4,966,685	4,706,632
Senior obligations of consolidated securitization vehicles, at fair value	15,288,598	15,030,653
Unsecured revolving credit facilities and term loans	1,126,923	0
Due to affiliates	1,676,308	1,309,447
Other liabilities	3,912,033	4,184,148
Total liabilities	91,933,250	66,558,268
Commitments and contingencies	0	0
Redeemable non-controlling interests	553,423	750,670
Equity
Additional paid-in capital	53,212,494	42,249,094
Accumulated other comprehensive income (loss)	393,928	(9,569)
Accumulated deficit and cumulative distributions	(9,196,019)	(5,631,014)
Total stockholders’ equity	44,455,264	36,645,403
Non-controlling interests attributable to third party joint ventures	4,278,895	1,744,256
Non-controlling interests attributable to BREIT OP unitholders	1,466,592	640,267
Total equity	50,200,751	39,029,926
Total liabilities and equity	142,687,424	106,338,864
Class S
Equity
Common stock value	15,974	12,543
Class I
Equity
Common stock value	23,947	20,865
Class T
Equity
Common stock value	726	573
Class D
Equity
Common stock value	4,214	2,911
Class C Shares
Equity
Common stock value	$ 0	$ 0