Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Investments in real estate, net	$ 94,964,245	$ 98,149,492
Investments in unconsolidated entities (includes $4,564,515 and $4,947,251 at fair value as of June 30, 2023 and December 31, 2022, respectively)	8,123,293	9,369,402
Investments in real estate debt	7,574,239	8,001,703
Real estate loans held by consolidated securitization vehicles, at fair value	16,968,906	17,030,387
Cash and cash equivalents	1,866,185	1,281,292
Restricted cash	789,952	973,200
Other assets	7,759,804	7,881,948
Total assets	138,046,624	142,687,424
Liabilities and Equity
Mortgage notes, secured term loans, and secured revolving credit facilities, net	61,627,431	64,962,703
Secured financings of investments in real estate debt	4,741,658	4,966,685
Senior obligations of consolidated securitization vehicles, at fair value	15,293,379	15,288,598
Unsecured revolving credit facilities and term loans	1,126,923	1,126,923
Total liabilities	88,382,610	91,933,250
Commitments and contingencies	0	0
Redeemable non-controlling interests	227,722	553,423
Equity
Additional paid-in capital	53,737,893	53,212,494
Accumulated other comprehensive income	429,613	393,928
Accumulated deficit and cumulative distributions	(10,461,657)	(9,196,019)
Total stockholders’ equity	43,750,766	44,455,264
Non-controlling interests attributable to third party joint ventures	4,167,173	4,278,895
Non-controlling interests attributable to BREIT OP unitholders	1,518,353	1,466,592
Total equity	49,436,292	50,200,751
Total liabilities and equity	138,046,624	142,687,424
Related Party
Liabilities and Equity
Other liabilities	1,182,918	1,676,308
Nonrelated Party
Liabilities and Equity
Other liabilities	4,410,301	3,912,033
Class S
Equity
Common stock value	15,577	15,974
Class I
Equity
Common stock value	27,017	23,947
Class T
Equity
Common stock value	665	726
Class D
Equity
Common stock value	1,638	4,214
Class C
Equity
Common stock value	$ 20	$ 0