Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Assets
Investments in real estate, net		$ 22,244,614	$ 17,185,079
Investments in real estate debt		1,676,546	954,077
Investments in unconsolidated real estate ventures		486,198	10,422
Cash and cash equivalents		800,608	274,756
Restricted cash		402,334	665,799
Other assets		1,549,419	881,298
Total assets		27,159,719	19,971,431
Liabilities and Equity
Mortgage notes and revolving credit facility, net	[1]	14,348,313	11,274,411
Secured financings on investments in real estate debt		598,568	268,181
Unsecured line of credit			375,000
Other liabilities		514,096	339,506
Subscriptions received in advance		154,117	496,845
Due to affiliates		626,740	513,268
Total liabilities		16,241,834	13,267,211
Commitments and contingencies
Redeemable non-controlling interests		448,104	30,502
Equity
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued and outstanding as of September 30, 2022 and December 31, 2021
Additional paid-in capital		11,583,230	7,388,885
Accumulated other comprehensive loss		(79,970)	(530)
Accumulated deficit and cumulative distributions		(1,093,310)	(757,575)
Total stockholders’ equity		10,415,054	6,634,227
Non-controlling interests in consolidated joint ventures		54,727	39,491
Total equity		10,469,781	6,673,718
Total liabilities and equity		27,159,719	19,971,431
Common Stock Class T
Equity
Common stock value		57	46
Common Stock Class S
Equity
Common stock value		2,243	1,544
Common Stock Class D
Equity
Common stock value		320	221
Common Stock Class I
Equity
Common stock value		$ 2,484	$ 1,636

[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.