Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Cash flows from operating activities
Net (loss) income	$ (56,677)	$ 134,347	$ (414,160)	$ 56,353
Adjustments to reconcile net (loss) income to net cash provided by operating activities
Management fees	37,347	45,697	118,970	122,081
Performance participation allocation	0	36,306	0	175,776	$ 102,300
Impairment of investments in real estate	3,667	0	188,804	0
Depreciation and amortization	203,561	219,005	612,924	649,347
Amortization of deferred financing costs			24,631	27,249
Straight-line rent amortization			(9,703)	(9,036)
Deferred income amortization			(14,252)	(9,464)
Unrealized loss (gain) on changes in fair value of financial instruments			64,751	(640,881)
Foreign currency loss			16,430	93,514
Amortization of restricted stock grants			630	619
Net gain on disposition of investments in real estate	(67,374)		(188,632)
Realized loss on sale of investments in real estate debt			2,491	7,646
Realized loss on sale of real estate-related equity securities			2,299	12,622
Loss (income) from unconsolidated real estate ventures	241	(11,054)	786	(11,774)
Distributions of earnings from unconsolidated real estate ventures			8,098	6,184
Other items			(8,034)	(41)
Change in assets and liabilities
Increase in other assets			(14,445)	(64,858)
(Decrease) increase in due to affiliates			(232)	2,809
Increase in other liabilities			39,427	57,809
Net cash provided by operating activities			430,783	475,955
Cash flows from investing activities
Acquisitions of real estate				(5,085,691)
Proceeds from dispositions of real estate			1,501,960
Capital improvements to real estate			(124,085)	(96,371)
Investment in unconsolidated real estate ventures				(470,186)
Origination and purchase of investments in real estate debt				(1,071,771)
Purchase of real estate-related debt and equity securities				(85,653)
Proceeds from paydown of principal and settlement of investments in real estate debt and equity securities			54,297	249,921
Purchase of derivative instruments			(16,582)
Proceeds from derivative contracts			16,538	57,025
Net cash provided by (used in) investing activities			1,432,128	(6,502,726)
Cash flows from financing activities
Proceeds from issuance of common stock, net			253,932	4,216,003
Offering costs paid			(41,769)	(57,964)
Subscriptions received in advance			12,928	154,117
Repurchases of common stock			(2,004,675)	(567,641)
Borrowings from mortgage notes, revolving credit facility, and unsecured line of credit			1,737,529	3,101,290
Repayments of mortgage notes, revolving credit facility and unsecured line of credit			(1,933,949)	(679,199)
Borrowings under secured financings on investments in real estate				526,283
Repayments under secured financings on investments in real estate debt				(128,380)
Payment of deferred financing costs			(1,567)	(53,306)
Contributions from non-controlling interests				14,356
Distributions to non-controlling interests			(5,384)	(1,865)
Distributions			(271,451)	(223,636)
Net cash (used in) provided by financing activities			(2,254,406)	6,300,058
Effect of exchange rate changes			952	(10,900)
Net change in cash and cash equivalents and restricted cash			(390,543)	262,387
Cash and cash equivalents and restricted cash, beginning of year			956,609	940,555	940,555
Cash and cash equivalents and restricted cash, end of period	566,066	1,202,942	566,066	1,202,942	956,609
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:
Cash and cash equivalents	287,621	800,608	287,621	800,608	643,516
Restricted cash	278,445	402,334	278,445	402,334	313,093
Total cash and cash equivalents and restricted cash	$ 566,066	$ 1,202,942	566,066	1,202,942	$ 956,609
Supplemental disclosure of cash flow information:
Cash paid for interest			674,133	271,528
Non-cash investing and financing activities:
Accrued stockholder servicing fees due to affiliate			(44,653)	170,657
Assumption of mortgage notes in conjunction with acquisitions of real estate				267,030
Issuance of Operating Partnership units as consideration for acquisitions of real estate				190,459
Issuance of Class I shares for payment of management fee			121,297	116,191
Redeemable non-controlling interest issued as settlement for performance participation allocation			102,348	204,225
Accrued distributions			44,808	49,864
Distribution reinvestment			158,973	159,707
Allocation to redeemable non-controlling interests			4,037	34,086
Accrued capital expenditures			$ 7,166	$ 17,076