Segment Reporting - Summary of Financial Results by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Total revenues	$ 1,579,348	$ 642,905	$ 298,423
Expenses
Property operating	650,594	248,651	113,184
Income (loss) from unconsolidated real estate ventures	12,189	(615)	(1,462)
Income from investments in real estate debt	99,787	45,156	7,206
Segment net operating income (loss)	1,040,730	438,795	190,983
Depreciation and amortization	(848,943)	(330,455)	(155,864)
General and administrative	(44,708)	(25,404)	(8,624)
Management fees	(167,100)	(62,237)	(19,423)
Performance participation allocation	(102,348)	(204,225)	(15,061)
Interest expense	(428,853)	(134,127)	(80,808)
Loss on extinguishment of debt	(313)
Other income (expense), net	485,608	13,210	(9,403)
Net income (loss)	(65,927)	(304,443)	(98,200)
Net (income) loss attributable to non-controlling interests in consolidated joint ventures	(1,927)	434	1,300
Net (income) loss attributable to non-controlling interests in Operating Partnership	2,146	1,758	642
Net (income) loss attributable to stockholders	(65,708)	(302,251)	(96,258)
Operating Segments | Multifamily Properties
Revenues:
Total revenues	1,079,391	369,362	134,880
Expenses
Property operating	467,413	151,923	51,878
Segment net operating income (loss)	611,978	217,439	83,002
Depreciation and amortization	(595,718)	(189,084)	(73,365)
Operating Segments | Single Family Rental Homes
Revenues:
Total revenues	73,558	1,158
Expenses
Property operating	36,575	274
Segment net operating income (loss)	36,983	884
Depreciation and amortization	(46,864)	(2,311)
Operating Segments | Industrial properties
Revenues:
Total revenues	178,040	96,826	30,203
Expenses
Property operating	44,983	25,258	7,261
Segment net operating income (loss)	133,057	71,568	22,942
Depreciation and amortization	(101,484)	(58,002)	(18,323)
Operating Segments | Office properties
Revenues:
Total revenues	136,601	124,648	97,223
Expenses
Property operating	52,972	43,741	32,895
Segment net operating income (loss)	83,629	80,907	64,328
Depreciation and amortization	(64,869)	(61,953)	(48,477)
Operating Segments | Self-Storage Properties
Revenues:
Total revenues	26,614	741
Expenses
Property operating	9,866	287
Segment net operating income (loss)	16,748	454
Depreciation and amortization	(10,080)	(429)
Operating Segments | Investments in real estate debt
Expenses
Income from investments in real estate debt	99,787	45,156	7,206
Segment net operating income (loss)	99,787	45,156	7,206
Operating Segments | Other Properties
Revenues:
Total revenues	85,144	50,170	36,117
Expenses
Property operating	38,785	27,168	21,150
Income (loss) from unconsolidated real estate ventures	12,189	(615)	(1,462)
Segment net operating income (loss)	58,548	22,387	13,505
Depreciation and amortization	(29,928)	(18,676)	(15,699)
Rental Revenue
Revenues:
Total revenues	1,520,655	604,574	273,847
Rental Revenue | Operating Segments | Multifamily Properties
Revenues:
Total revenues	1,068,277	365,052	132,835
Rental Revenue | Operating Segments | Single Family Rental Homes
Revenues:
Total revenues	73,558	1,158
Rental Revenue | Operating Segments | Industrial properties
Revenues:
Total revenues	177,998	96,826	30,203
Rental Revenue | Operating Segments | Office properties
Revenues:
Total revenues	136,185	124,317	97,078
Rental Revenue | Operating Segments | Self-Storage Properties
Revenues:
Total revenues	26,614	741
Rental Revenue | Operating Segments | Other Properties
Revenues:
Total revenues	38,023	16,480	13,731
Other revenue
Revenues:
Total revenues	58,693	38,331	24,576
Other revenue | Operating Segments | Multifamily Properties
Revenues:
Total revenues	11,114	4,310	2,045
Other revenue | Operating Segments | Industrial properties
Revenues:
Total revenues	42
Other revenue | Operating Segments | Office properties
Revenues:
Total revenues	416	331	145
Other revenue | Operating Segments | Other Properties
Revenues:
Total revenues	$ 47,121	$ 33,690	$ 22,386