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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Total Assets and Financial Results by Segment
The following table details the total assets by segment ($ in thousands):
 December 31, 2024December 31, 2023
Rental Housing$58,567,894 $64,665,680 
Industrial17,771,159 20,050,095 
Net Lease8,029,195 8,117,528 
Office2,759,646 2,945,455 
Hospitality2,696,612 2,867,166 
Data Centers2,442,748 2,927,807 
Retail2,119,705 2,505,146 
Self Storage714,617 739,743 
Investments in Real Estate Debt and Real Estate Loans Held by Consolidated Securitization Vehicles, at Fair Value18,801,660 23,264,164 
Other (Corporate)2,335,005 2,715,011 
Total assets$116,238,241 $130,797,795 
The following table details the financial results by segment for the year ended December 31, 2024 ($ in thousands):
Rental HousingIndustrialNet
Lease		Office
Hospitality
Data Centers
Retail
Self
Storage		Investments in
Real Estate
Debt		Total
Revenues:         
Rental revenue$5,071,920 $1,421,546 $601,538 $168,495 $— $52,879 $216,464 $71,304 $— $7,604,146 
Hospitality revenue— — — — 546,372 — — — — 546,372 
Other revenue337,069 22,074 — 9,809 437 — 5,317 5,810 — 380,516 
Total revenues5,408,989 1,443,620 601,538 178,304 546,809 52,879 221,781 77,114 — 8,531,034 
Expenses:
Rental property operating2,995,730 474,650 2,873 59,189 — 9,764 93,712 34,617 — 3,670,535 
Hospitality operating— — — — 385,515 — — — — 385,515 
Total expenses2,995,730 474,650 2,873 59,189 385,515 9,764 93,712 34,617 — 4,056,050 
Income (loss) from unconsolidated entities71,934 (187,970)(916)20,523 (7,432)24,834 (3,554)— — (82,581)
Income from investments in real estate debt4,631 — — — — — — — 740,264 744,895 
Changes in net assets of consolidated securitization vehicles— — — — — — — — 201,614 201,614 
Income from investments in equity securities(1)
61,482 — — — — — — — — 61,482 
GAAP segment income (loss)$2,551,306 $781,000 $597,749 $139,638 $153,862 $67,949 $124,515 $42,497 $941,878 $5,400,394 
Depreciation and amortization$(2,315,889)$(719,104)$(205,964)$(92,300)$(89,725)$(22,169)$(101,718)$(26,558)$— $(3,573,427)
General and administrative(64,499)
Management fee(713,643)
Impairment of investments in real estate(382,174)
Loss from interest rate derivatives
(208,185)
Net gain on dispositions of real estate2,130,204 
Interest expense, net
(3,335,868)
Loss on extinguishment of debt(107,736)
Other expense(1)
(124,848)
Net loss
$(979,782)
Net loss attributable to non-controlling interests in third party joint ventures$33,599 
Net loss attributable to non-controlling interests in BREIT OP unitholders
55,634 
Net loss attributable to BREIT stockholders
$(890,549)
(1) Included within Other income (expense) on the Consolidated Statements of Operations is $58.8 million of net unrealized/realized gain related to equity securities.
The following table details the financial results by segment for the year ended December 31, 2023 ($ in thousands):
 Rental HousingIndustrialNet
Lease		Office
Hospitality
Data Centers
Retail
Self
Storage		Investments in
Real Estate Debt		Total
Revenues:         
Rental revenue$5,158,551 $1,406,881 $601,538 $186,758 $— $51,372 $233,595 $177,545 $— $7,816,240 
Hospitality revenue— — — — 694,491 — — — — 694,491 
Other revenue364,575 26,596 — 8,186 7,686 — 4,678 11,953 — 423,674 
Total revenues5,523,126 1,433,477 601,538 194,944 702,177 51,372 238,273 189,498 — 8,934,405 
Expenses:
Rental property operating2,949,041 447,604 2,536 55,045 — 8,948 99,035 89,833 79 3,652,121 
Hospitality operating— — — — 479,493 — — — — 479,493 
Total expenses2,949,041 447,604 2,536 55,045 479,493 8,948 99,035 89,833 79 4,131,614 
(Loss) income from unconsolidated entities(58,325)2,407 432,528 (2,091)(6,566)(246,824)(1,188)— — 119,941 
Income from investments in real estate debt— — — — — — — — 798,164 798,164 
Changes in net assets of consolidated securitization vehicles— — — — — — — — 191,703 191,703 
Income from investments in equity securities(1)
45,206 7,696 — — — — — — — 52,902 
GAAP segment income (loss)$2,560,966 $995,976 $1,031,530 $137,808 $216,118 $(204,400)$138,050 $99,665 $989,788 $5,965,501 
Depreciation and amortization$(2,417,457)$(765,296)$(207,513)$(95,278)$(110,516)$(22,094)$(136,338)$(56,726)$— $(3,811,218)
General and administrative(69,176)
Management fee(839,237)
Impairment of investments in real estate(236,071)
Loss from interest rate derivatives
(755,519)
Net gain on dispositions of real estate1,935,021 
Interest expense, net
(3,072,741)
Loss on extinguishment of debt
(40,300)
Other expense(1)
(56,221)
Net loss$(979,961)
Net loss attributable to non-controlling interests in third party joint ventures$247,989 
Net loss attributable to non-controlling interests in BREIT OP unitholders
40,150 
Net loss attributable to BREIT stockholders$(691,822)
(1) Included within Other income (expense) on the Consolidated Statements of Operations is $37.9 million of net unrealized/ realized gain related to equity securities.
The following table details the financial results by segment for the year ended December 31, 2022 ($ in thousands):
Rental HousingIndustrialNet
Lease		OfficeHospitalityData CentersRetailSelf
Storage		Investments in
Real Estate Debt		Total
Revenues:  
Rental revenue$4,116,088 $1,364,640 $499,789 $138,241 $— $44,673 $187,055 $213,633 $— $6,564,119 
Hospitality revenue— — — — 721,654 — — — — 721,654 
Other revenue286,819 34,985 — 8,112 12,930 — 3,272 14,487 — 360,605 
Total revenues4,402,907 1,399,625 499,789 146,353 734,584 44,673 190,327 228,120 — 7,646,378 
Expenses:
Rental property operating2,253,142 438,479 1,883 40,234 — 6,943 69,614 106,641 — 2,916,936 
Hospitality operating— — — — 508,868 — — — — 508,868 
Total expenses2,253,142 438,479 1,883 40,234 508,868 6,943 69,614 106,641 — 3,425,804 
(Loss) income from unconsolidated entities(79,148)319,807 99,879 4,493 6,303 (168,078)(1,007)— — 182,249 
Loss from investments in real estate debt— — — — — — — — (167,083)(167,083)
Change in net assets of consolidated securitization vehicles— — — — — — — — (42,119)(42,119)
(Loss) income from investments in equity securities(1)
(346,773)(47,969)27,334 (109,129)— — — — — (476,537)
GAAP segment income (loss)$1,723,844 $1,232,984 $625,119 $1,483 $232,019 $(130,348)$119,706 $121,479 $(209,202)$3,717,084 
Depreciation and amortization$(2,617,389)$(804,108)$(172,647)$(70,721)$(120,531)$(19,639)$(168,024)$(125,307)$— $(4,098,366)
General and administrative(52,652)
Management fee(837,687)
Performance participation allocation(742,670)
Income from interest rate derivatives2,566,720 
Impairment of investments in real estate(33,554)
Net gain on dispositions of real estate808,846 
Interest expense, net
(2,307,515)
Loss on extinguishment of debt(11,476)
Other expense(1)
(89,038)
Net loss$(1,080,308)
Net loss attributable to non-controlling interests in third party joint ventures$173,109 
Net loss attributable to non-controlling interests in BREIT OP23,680 
Net loss attributable to BREIT stockholders$(883,519)
(1) Included within Other income (expense) on the Consolidated Statements of Operations is $520.8 million net unrealized/ realized loss related to equity securities.