Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Investments in real estate, net	$ 91,079,010	$ 98,149,492
Investments in unconsolidated entities (includes $4,221,593 and $4,947,251 at fair value as of December 31, 2023 and December 31, 2022, respectively)	7,338,329	9,369,402
Investments in real estate debt	6,790,632	8,001,703
Real estate loans held by consolidated securitization vehicles, at fair value	16,331,578	17,030,387
Cash and cash equivalents	1,945,260	1,281,292
Restricted cash	749,760	973,200
Other assets	6,563,226	7,881,948
Total assets	130,797,795	142,687,424
Liabilities and Equity
Mortgage loans, secured term loans, and secured revolving credit facilities, net	61,693,678	64,962,703
Secured financings of investments in real estate debt	4,368,269	4,966,685
Senior obligations of consolidated securitization vehicles, at fair value	14,777,146	15,288,598
Unsecured revolving credit facilities and term loans	1,126,923	1,126,923
Total liabilities	86,977,764	91,933,250
Commitments and contingencies	0	0
Redeemable non-controlling interests	197,537	553,423
Equity
Additional paid-in capital	48,576,100	53,212,494
Accumulated other comprehensive income	345,975	393,928
Accumulated deficit and cumulative distributions	(12,612,581)	(9,196,019)
Total stockholders’ equity	36,350,567	44,455,264
Non-controlling interests attributable to third party joint ventures	4,709,621	4,278,895
Non-controlling interests attributable to BREIT OP unitholders	2,562,306	1,466,592
Total equity	43,622,494	50,200,751
Total liabilities and equity	130,797,795	142,687,424
Related Party
Liabilities and Equity
Other liabilities	1,033,083	1,676,308
Nonrelated Party
Liabilities and Equity
Other liabilities	3,978,665	3,912,033
Class S
Equity
Common stock value	14,882	15,974
Class I
Equity
Common stock value	24,030	23,947
Class T
Equity
Common stock value	592	726
Class D
Equity
Common stock value	1,548	4,214
Class C
Equity
Common stock value	$ 21	$ 0