Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Assets
Investments in real estate, net		$ 19,580,358	$ 22,247,401
Investments in real estate debt		1,589,350	1,657,663
Investments in unconsolidated real estate ventures		456,002	481,632
Cash and cash equivalents		294,984	643,516
Restricted cash		245,651	313,093
Other assets		947,629	1,421,548
Total assets		23,113,974	26,764,853
Liabilities and Equity
Mortgage notes and credit facility, net	[1]	13,028,910	14,355,458
Secured financings on investments in real estate debt		762,352	751,771
Unsecured line of credit		907,500
Other liabilities		484,358	507,399
Subscriptions received in advance		13,225	40,221
Total liabilities		15,517,302	16,191,963
Commitments and contingencies
Redeemable non-controlling interest		459,862	427,099
Equity
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued and outstanding as of December 31, 2023 and 2022
Additional paid-in capital		9,641,219	11,466,270
Accumulated other comprehensive loss		(15,729)	(24,307)
Accumulated deficit and cumulative distributions		(2,537,302)	(1,355,256)
Total stockholder’s equity		7,092,496	10,091,765
Non-controlling interests in consolidated joint ventures		44,314	54,026
Total equity		7,136,810	10,145,791
Total liabilities and equity		23,113,974	26,764,853
Affiliated Entity
Assets
Investments in real estate debt		201,070	290,807
Liabilities and Equity
Due to affiliates		320,957	537,114
Common Stock Class T
Equity
Common stock value		53	57
Common Stock Class S
Equity
Common stock value		1,950	2,246
Common Stock Class D
Equity
Common stock value		275	310
Common Stock Class I
Equity
Common stock value		$ 2,030	$ 2,445

[1] The majority of the Company’s mortgages contain prepayment provisions including (but not limited to) lockout periods, yield or spread maintenance provisions and fixed penalties.