Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Assets
Investments in real estate, net		$ 3,526,855	$ 1,798,044
Investments in real estate-related securities		228,524	277,651
Investments in unconsolidated real estate ventures		11,006	12,169
Cash and cash equivalents		132,342	48,479
Restricted cash		126,157	140,482
Other assets		225,896	113,497
Total assets		4,250,780	2,390,322
Liabilities and Equity
Mortgage notes and revolving credit facility, net	[1]	2,482,472	1,238,102
Repurchase agreements		114,408	81,035
Accounts payable, accrued expenses and other liabilities		104,783	47,979
Subscriptions received in advance		88,402	110,618
Due to affiliates		73,768	63,341
Total liabilities		2,863,833	1,541,075
Commitments and contingencies
Redeemable non-controlling interest		10,252
Equity
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued and outstanding as of September 30, 2020 and December 31, 2019
Additional paid-in capital		1,533,049	883,506
Accumulated deficit and cumulative distributions		(167,721)	(46,697)
Total stockholders' equity		1,366,098	837,263
Non-controlling interests in consolidated joint ventures		10,597	11,984
Total equity		1,376,695	849,247
Total liabilities and equity		4,250,780	2,390,322
Common Stock Class T
Equity
Common stock value		23	14
Common Stock Class S
Equity
Common stock value		409	262
Common Stock Class D
Equity
Common stock value		25	17
Common Stock Class I
Equity
Common stock value		$ 313	$ 161

[1] The majority of the Company’s mortgages contain yield or spread maintenance provisions.