Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income (loss)	$ 56,353	$ (174,676)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Management fees	122,081	36,364
Performance participation allocation	175,776	111,934
Depreciation and amortization	649,347	197,934
Amortization of deferred financing costs	27,249	4,680
Straight-line rent amortization	(9,036)	(9,331)
Deferred income amortization	(9,464)	(3,044)
Unrealized gain on changes in fair value of financial instruments	(640,881)	(23,288)
Foreign currency loss	93,514	16,794
Amortization of restricted stock grants	619	376
Realized loss on sale of real estate debt	7,646
Realized loss on sale of real estate-related equity securities	12,622
(Income) loss from unconsolidated real estate ventures	(11,774)	448
Distributions of earnings from unconsolidated real estate ventures	6,184	377
Other items	(41)	739
Change in assets and liabilities
Increase in other assets	(64,858)	(23,009)
Increase in due to affiliates	2,809	748
Increase in other liabilities	57,809	37,049
Net cash provided by operating activities	475,955	174,095
Cash flows from investing activities
Acquisitions of real estate	(5,085,691)	(4,540,828)
Capital improvements to real estate	(96,371)	(21,908)
Investment in unconsolidated real estate ventures	(470,186)	(235)
Origination and purchase of investments in real estate debt	(1,071,771)	(801,792)
Purchase of real estate-related equity securities	(85,653)	(175,002)
Proceeds from paydown of principal and settlement of investments in real estate debt	249,921	41,502
Proceeds from settlement of derivative contracts	57,025
Net cash used in investing activities	(6,502,726)	(5,498,263)
Cash flows from financing activities
Proceeds from issuance of common stock, net	4,216,003	3,583,025
Offering costs paid	(57,964)	(27,996)
Subscriptions received in advance	154,117	476,520
Repurchase of common stock	(567,641)	(39,789)
Borrowings from mortgage notes and revolving credit facility	3,101,290	2,555,679
Repayments of mortgage notes, revolving credit facility and unsecured line of credit	(679,199)	(222,111)
Repayments under secured financings on investments in real estate debt, short term net		(42,557)
Borrowings under secured financings on investments in real estate debt	526,283	140,150
Repayments under secured financings on investments in real estate debt	(128,380)	(65,697)
Payment of deferred financing costs	(53,306)	(26,253)
Contributions from non-controlling interests	14,356	3,537
Distributions to non-controlling interests	(1,865)	(909)
Distributions	(223,636)	(68,532)
Net cash provided by financing activities	6,300,058	6,265,067
Effect of exchange rate changes	(10,900)
Net change in cash and cash equivalents and restricted cash	262,387	940,899
Cash and cash equivalents and restricted cash at the beginning of the period	940,555	293,411
Cash and cash equivalents and restricted cash at the end of the period	1,202,942	1,234,310
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:
Cash and cash equivalents	800,608	671,683
Restricted cash	402,334	562,627
Cash and cash equivalents and restricted cash at the end of the period	1,202,942	1,234,310
Supplemental disclosure of cash flow information:
Cash paid for interest	271,528	77,041
Supplemental disclosure of non-cash investing and financing activities:
Accrued stockholder servicing fee due to affiliate	170,657	165,508
Assumption of mortgage notes, par, in conjunction with acquisitions in real estate	267,030	156,515
Issuance of SREIT OP units as consideration for acquisitions of real estate	190,459
Redeemable non-controlling interest issued as settlement for performance participation allocation	204,225	15,061
Accrued distributions	49,864	24,756
Distribution reinvestment	159,707	58,373
Allocation to redeemable non-controlling interests	$ 34,086	$ 5,556