3.23.3 html 319 393 1 false 117 0 false 11 false false R1.htm 0000001 - Document - Cover Sheet http://www.blueowl.com/role/Cover Cover Cover 1 false false R2.htm 0000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://www.blueowl.com/role/CondensedConsolidatedBalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 0000003 - Statement - Condensed Consolidated Statements of Operations Sheet http://www.blueowl.com/role/CondensedConsolidatedStatementsofOperations Condensed Consolidated Statements of Operations Statements 3 false false R4.htm 0000004 - Statement - Condensed Consolidated Statements of Comprehensive Income Sheet http://www.blueowl.com/role/CondensedConsolidatedStatementsofComprehensiveIncome Condensed Consolidated Statements of Comprehensive Income Statements 4 false false R5.htm 0000005 - Statement - Condensed Consolidated Statement of Changes in Equity Sheet http://www.blueowl.com/role/CondensedConsolidatedStatementofChangesinEquity Condensed Consolidated Statement of Changes in Equity Statements 5 false false R6.htm 0000006 - Statement - Condensed Consolidated Statement of Cash Flows Sheet http://www.blueowl.com/role/CondensedConsolidatedStatementofCashFlows Condensed Consolidated Statement of Cash Flows Statements 6 false false R7.htm 0000007 - Statement - Combined Statements of Revenues and Certain Operating Expenses Sheet http://www.blueowl.com/role/CombinedStatementsofRevenuesandCertainOperatingExpenses Combined Statements of Revenues and Certain Operating Expenses Statements 7 false false R8.htm 0000008 - Statement - Condensed Consolidated Balance Sheets - (Parenthetical) Sheet http://www.blueowl.com/role/CondensedConsolidatedBalanceSheetsParenthetical Condensed Consolidated Balance Sheets - (Parenthetical) Statements 8 false false R9.htm 0000009 - Statement - Condensed Consolidated Statement of Changes in Equity (Parenthetical) (Statement) Sheet http://www.blueowl.com/role/CondensedConsolidatedStatementofChangesinEquityParentheticalStatement Condensed Consolidated Statement of Changes in Equity (Parenthetical) (Statement) Statements 9 false false R10.htm 0000010 - Disclosure - Organization and Nature of the Business Sheet http://www.blueowl.com/role/OrganizationandNatureoftheBusiness Organization and Nature of the Business Notes 10 false false R11.htm 0000011 - Disclosure - Summary of Significant Accounting Policies and Estimates Sheet http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimates Summary of Significant Accounting Policies and Estimates Notes 11 false false R12.htm 0000012 - Disclosure - Investments in Real Estate, net Sheet http://www.blueowl.com/role/InvestmentsinRealEstatenet Investments in Real Estate, net Notes 12 false false R13.htm 0000013 - Disclosure - Investments in Unconsolidated Real Estate Affiliates Sheet http://www.blueowl.com/role/InvestmentsinUnconsolidatedRealEstateAffiliates Investments in Unconsolidated Real Estate Affiliates Notes 13 false false R14.htm 0000014 - Disclosure - Investments in Real Estate Debt Sheet http://www.blueowl.com/role/InvestmentsinRealEstateDebt Investments in Real Estate Debt Notes 14 false false R15.htm 0000015 - Disclosure - DST Program Sheet http://www.blueowl.com/role/DSTProgram DST Program Notes 15 false false R16.htm 0000016 - Disclosure - Intangibles Sheet http://www.blueowl.com/role/Intangibles Intangibles Notes 16 false false R17.htm 0000017 - Disclosure - Debt Sheet http://www.blueowl.com/role/Debt Debt Notes 17 false false R18.htm 0000018 - Disclosure - Derivative Financial Instruments Sheet http://www.blueowl.com/role/DerivativeFinancialInstruments Derivative Financial Instruments Notes 18 false false R19.htm 0000019 - Disclosure - Related Party Transactions Sheet http://www.blueowl.com/role/RelatedPartyTransactions Related Party Transactions Notes 19 false false R20.htm 0000020 - Disclosure - Leases Sheet http://www.blueowl.com/role/Leases Leases Notes 20 false false R21.htm 0000021 - Disclosure - Equity and Non-Controlling Interest Sheet http://www.blueowl.com/role/EquityandNonControllingInterest Equity and Non-Controlling Interest Notes 21 false false R22.htm 0000022 - Disclosure - Commitment and Contingencies Sheet http://www.blueowl.com/role/CommitmentandContingencies Commitment and Contingencies Notes 22 false false R23.htm 0000023 - Disclosure - Earnings Per Share Sheet http://www.blueowl.com/role/EarningsPerShare Earnings Per Share Notes 23 false false R24.htm 0000024 - Disclosure - Subsequent Events Sheet http://www.blueowl.com/role/SubsequentEvents Subsequent Events Notes 24 false false R25.htm 0000025 - Disclosure - Organization Sheet http://www.blueowl.com/role/Organization Organization Notes 25 false false R26.htm 0000026 - Disclosure - Basis of Presentation Sheet http://www.blueowl.com/role/BasisofPresentation Basis of Presentation Notes 26 false false R27.htm 0000027 - Disclosure - Summary of Significant Accounting Policies Revenue Sheet http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesRevenue Summary of Significant Accounting Policies Revenue Notes 27 false false R28.htm 0000028 - Disclosure - Risks, Commitments and Contingencies Sheet http://www.blueowl.com/role/RisksCommitmentsandContingencies Risks, Commitments and Contingencies Notes 28 false false R29.htm 0000029 - Disclosure - Subsequent Events Sheet http://www.blueowl.com/role/SubsequentEvents_1 Subsequent Events Notes 29 false false R30.htm 995410 - Disclosure - Pay vs Performance Disclosure Sheet http://xbrl.sec.gov/ecd/role/PvpDisclosure Pay vs Performance Disclosure Notes 30 false false R31.htm 995445 - Disclosure - Insider Trading Arrangements Sheet http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements Insider Trading Arrangements Notes 31 false false R32.htm 9954471 - Disclosure - Summary of Significant Accounting Policies and Estimates (Policies) Sheet http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesPolicies Summary of Significant Accounting Policies and Estimates (Policies) Policies http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimates 32 false false R33.htm 9954472 - Disclosure - Basis of Presentation (Policies) Sheet http://www.blueowl.com/role/BasisofPresentationPolicies Basis of Presentation (Policies) Policies http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimates 33 false false R34.htm 9954473 - Disclosure - Summary of Significant Accounting Policies Revenue (Policies) Sheet http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesRevenuePolicies Summary of Significant Accounting Policies Revenue (Policies) Policies http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimates 34 false false R35.htm 9954474 - Disclosure - Summary of Significant Accounting Policies and Estimates (Tables) Sheet http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesTables Summary of Significant Accounting Policies and Estimates (Tables) Tables http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimates 35 false false R36.htm 9954475 - Disclosure - Investments in Real Estate, net (Tables) Sheet http://www.blueowl.com/role/InvestmentsinRealEstatenetTables Investments in Real Estate, net (Tables) Tables http://www.blueowl.com/role/InvestmentsinRealEstatenet 36 false false R37.htm 9954476 - Disclosure - Investments in Real Estate Debt (Tables) Sheet http://www.blueowl.com/role/InvestmentsinRealEstateDebtTables Investments in Real Estate Debt (Tables) Tables http://www.blueowl.com/role/InvestmentsinRealEstatenet 37 false false R38.htm 9954477 - Disclosure - Intangibles (Tables) Sheet http://www.blueowl.com/role/IntangiblesTables Intangibles (Tables) Tables http://www.blueowl.com/role/Intangibles 38 false false R39.htm 9954478 - Disclosure - Debt (Tables) Sheet http://www.blueowl.com/role/DebtTables Debt (Tables) Tables http://www.blueowl.com/role/Debt 39 false false R40.htm 9954479 - Disclosure - Derivative Financial Instruments (Tables) Sheet http://www.blueowl.com/role/DerivativeFinancialInstrumentsTables Derivative Financial Instruments (Tables) Tables http://www.blueowl.com/role/DerivativeFinancialInstruments 40 false false R41.htm 9954480 - Disclosure - Related Party Transactions (Tables) Sheet http://www.blueowl.com/role/RelatedPartyTransactionsTables Related Party Transactions (Tables) Tables http://www.blueowl.com/role/RelatedPartyTransactions 41 false false R42.htm 9954481 - Disclosure - Leases (Tables) Sheet http://www.blueowl.com/role/LeasesTables Leases (Tables) Tables http://www.blueowl.com/role/Leases 42 false false R43.htm 9954482 - Disclosure - Equity and Non-Controlling Interest (Tables) Sheet http://www.blueowl.com/role/EquityandNonControllingInterestTables Equity and Non-Controlling Interest (Tables) Tables http://www.blueowl.com/role/EquityandNonControllingInterest 43 false false R44.htm 9954483 - Disclosure - Earnings Per Share (Tables) Sheet http://www.blueowl.com/role/EarningsPerShareTables Earnings Per Share (Tables) Tables http://www.blueowl.com/role/EarningsPerShare 44 false false R45.htm 9954484 - Disclosure - Organization (Tables) Sheet http://www.blueowl.com/role/OrganizationTables Organization (Tables) Tables http://www.blueowl.com/role/OrganizationandNatureoftheBusiness 45 false false R46.htm 9954485 - Disclosure - Organization and Nature of the Business (Details) Sheet http://www.blueowl.com/role/OrganizationandNatureoftheBusinessDetails Organization and Nature of the Business (Details) Details http://www.blueowl.com/role/OrganizationandNatureoftheBusiness 46 false false R47.htm 9954486 - Disclosure - Summary of Significant Accounting Policies and Estimates -Assets measured at fair value on a recurring basis (Details) Sheet http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesAssetsmeasuredatfairvalueonarecurringbasisDetails Summary of Significant Accounting Policies and Estimates -Assets measured at fair value on a recurring basis (Details) Details 47 false false R48.htm 9954487 - Disclosure - Summary Of Significant Accounting Policies And Estimates - Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Level 3 Inputs (Details) Sheet http://www.blueowl.com/role/SummaryOfSignificantAccountingPoliciesAndEstimatesAssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisUsingLevel3InputsDetails Summary Of Significant Accounting Policies And Estimates - Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Level 3 Inputs (Details) Details 48 false false R49.htm 9954488 - Disclosure - Summary Of Significant Accounting Policies And Estimates - Additional Information (Details) Sheet http://www.blueowl.com/role/SummaryOfSignificantAccountingPoliciesAndEstimatesAdditionalInformationDetails Summary Of Significant Accounting Policies And Estimates - Additional Information (Details) Details 49 false false R50.htm 9954489 - Disclosure - Investments in Real Estate, net - Investments In Real Estate (Details) Sheet http://www.blueowl.com/role/InvestmentsinRealEstatenetInvestmentsInRealEstateDetails Investments in Real Estate, net - Investments In Real Estate (Details) Details 50 false false R51.htm 9954490 - Disclosure - Investments in Real Estate, net - Additional Information (Details) Sheet http://www.blueowl.com/role/InvestmentsinRealEstatenetAdditionalInformationDetails Investments in Real Estate, net - Additional Information (Details) Details 51 false false R52.htm 9954491 - Disclosure - Investments in Real Estate, net - Acquisition Values, Number Of Properties And Total Rentable Square Feet (Details) Sheet http://www.blueowl.com/role/InvestmentsinRealEstatenetAcquisitionValuesNumberOfPropertiesAndTotalRentableSquareFeetDetails Investments in Real Estate, net - Acquisition Values, Number Of Properties And Total Rentable Square Feet (Details) Details 52 false false R53.htm 9954492 - Disclosure - Investments in Real Estate, net - Purchase Price Allocation (Details) Sheet http://www.blueowl.com/role/InvestmentsinRealEstatenetPurchasePriceAllocationDetails Investments in Real Estate, net - Purchase Price Allocation (Details) Details 53 false false R54.htm 9954493 - Disclosure - Investments in Real Estate, net - Consideration (Details) Sheet http://www.blueowl.com/role/InvestmentsinRealEstatenetConsiderationDetails Investments in Real Estate, net - Consideration (Details) Details 54 false false R55.htm 9954494 - Disclosure - Investments in Unconsolidated Real Estate Affiliates (Details) Sheet http://www.blueowl.com/role/InvestmentsinUnconsolidatedRealEstateAffiliatesDetails Investments in Unconsolidated Real Estate Affiliates (Details) Details http://www.blueowl.com/role/InvestmentsinUnconsolidatedRealEstateAffiliates 55 false false R56.htm 9954495 - Disclosure - Investments in Real Estate Debt (Details) Sheet http://www.blueowl.com/role/InvestmentsinRealEstateDebtDetails Investments in Real Estate Debt (Details) Details http://www.blueowl.com/role/InvestmentsinRealEstatenetTables 56 false false R57.htm 9954496 - Disclosure - Investments in Real Estate Debt - Real Estate-Related Securities (Details) Sheet http://www.blueowl.com/role/InvestmentsinRealEstateDebtRealEstateRelatedSecuritiesDetails Investments in Real Estate Debt - Real Estate-Related Securities (Details) Details 57 false false R58.htm 9954497 - Disclosure - Equity (Details) Sheet http://www.blueowl.com/role/EquityDetails Equity (Details) Details http://www.blueowl.com/role/EquityandNonControllingInterestTables 58 false false R59.htm 9954498 - Disclosure - Intangibles - Schedule of identified intangible lease assets (Details) Sheet http://www.blueowl.com/role/IntangiblesScheduleofidentifiedintangibleleaseassetsDetails Intangibles - Schedule of identified intangible lease assets (Details) Details 59 false false R60.htm 9954499 - Disclosure - Intangibles - Schedule of estimated future amortization (Details) Sheet http://www.blueowl.com/role/IntangiblesScheduleofestimatedfutureamortizationDetails Intangibles - Schedule of estimated future amortization (Details) Details 60 false false R61.htm 9954500 - Disclosure - Intangibles - Additional Information (Details) Sheet http://www.blueowl.com/role/IntangiblesAdditionalInformationDetails Intangibles - Additional Information (Details) Details 61 false false R62.htm 9954501 - Disclosure - Debt - Schedule of Mortgage Notes, Credit Facilities and Related Party Note Payable (Details) Notes http://www.blueowl.com/role/DebtScheduleofMortgageNotesCreditFacilitiesandRelatedPartyNotePayableDetails Debt - Schedule of Mortgage Notes, Credit Facilities and Related Party Note Payable (Details) Details 62 false false R63.htm 9954502 - Disclosure - Debt - Schedule of Future Principal Payments (Details) Sheet http://www.blueowl.com/role/DebtScheduleofFuturePrincipalPaymentsDetails Debt - Schedule of Future Principal Payments (Details) Details 63 false false R64.htm 9954503 - Disclosure - Debt - Additional Information (Details) Sheet http://www.blueowl.com/role/DebtAdditionalInformationDetails Debt - Additional Information (Details) Details 64 false false R65.htm 9954504 - Disclosure - Derivative Financial Instruments - Schedule Of Derivative Instruments (Details) Sheet http://www.blueowl.com/role/DerivativeFinancialInstrumentsScheduleOfDerivativeInstrumentsDetails Derivative Financial Instruments - Schedule Of Derivative Instruments (Details) Details 65 false false R66.htm 9954505 - Disclosure - Derivative Financial Instruments - Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value (Details) Sheet http://www.blueowl.com/role/DerivativeFinancialInstrumentsScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueDetails Derivative Financial Instruments - Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value (Details) Details 66 false false R67.htm 9954506 - Disclosure - Derivative Financial Instruments - Schedule Of Derivative Instruments On The Consolidated Statement Of Operations (Details) Sheet http://www.blueowl.com/role/DerivativeFinancialInstrumentsScheduleOfDerivativeInstrumentsOnTheConsolidatedStatementOfOperationsDetails Derivative Financial Instruments - Schedule Of Derivative Instruments On The Consolidated Statement Of Operations (Details) Details 67 false false R68.htm 9954507 - Disclosure - Derivative Financial Instruments - Narrative (Details) Sheet http://www.blueowl.com/role/DerivativeFinancialInstrumentsNarrativeDetails Derivative Financial Instruments - Narrative (Details) Details 68 false false R69.htm 9954508 - Disclosure - Related Party Transactions - Schedule Of Due To Affiliates Transactions (Details) Sheet http://www.blueowl.com/role/RelatedPartyTransactionsScheduleOfDueToAffiliatesTransactionsDetails Related Party Transactions - Schedule Of Due To Affiliates Transactions (Details) Details 69 false false R70.htm 9954509 - Disclosure - Related Party Transactions - Additional Information (Details) Sheet http://www.blueowl.com/role/RelatedPartyTransactionsAdditionalInformationDetails Related Party Transactions - Additional Information (Details) Details 70 false false R71.htm 9954510 - Disclosure - Leases - Operating Lease, Lease Income (Details) Sheet http://www.blueowl.com/role/LeasesOperatingLeaseLeaseIncomeDetails Leases - Operating Lease, Lease Income (Details) Details 71 false false R72.htm 9954511 - Disclosure - Leases - Lessor, Operating Lease, Payment To Be Received, Maturity (Details) Sheet http://www.blueowl.com/role/LeasesLessorOperatingLeasePaymentToBeReceivedMaturityDetails Leases - Lessor, Operating Lease, Payment To Be Received, Maturity (Details) Details 72 false false R73.htm 9954512 - Disclosure - Leases - Additional Information (Details) Sheet http://www.blueowl.com/role/LeasesAdditionalInformationDetails Leases - Additional Information (Details) Details 73 false false R74.htm 9954513 - Disclosure - Leases - Lessor, Operating Lease, Payment To Be Received, Maturity Of Sales-Type Lease (Details) Sheet http://www.blueowl.com/role/LeasesLessorOperatingLeasePaymentToBeReceivedMaturityOfSalesTypeLeaseDetails Leases - Lessor, Operating Lease, Payment To Be Received, Maturity Of Sales-Type Lease (Details) Details 74 false false R75.htm 9954514 - Disclosure - Leases - Allowance For Credit Losses On Our Real Estate Portfolio (Details) Sheet http://www.blueowl.com/role/LeasesAllowanceForCreditLossesOnOurRealEstatePortfolioDetails Leases - Allowance For Credit Losses On Our Real Estate Portfolio (Details) Details 75 false false R76.htm 9954515 - Disclosure - Leases - Amortized Cost Basis Of Our Investments By The Credit Quality Indicator (Details) Sheet http://www.blueowl.com/role/LeasesAmortizedCostBasisOfOurInvestmentsByTheCreditQualityIndicatorDetails Leases - Amortized Cost Basis Of Our Investments By The Credit Quality Indicator (Details) Details 76 false false R77.htm 9954516 - Disclosure - Leases - Undiscounted Future Minimum Rent Payment Obligation of the Wholly-Owned Subsidiary (Details) Sheet http://www.blueowl.com/role/LeasesUndiscountedFutureMinimumRentPaymentObligationoftheWhollyOwnedSubsidiaryDetails Leases - Undiscounted Future Minimum Rent Payment Obligation of the Wholly-Owned Subsidiary (Details) Details 77 false false R78.htm 9954517 - Disclosure - Equity and Non-Controlling Interest - Additional Information (Details) Sheet http://www.blueowl.com/role/EquityandNonControllingInterestAdditionalInformationDetails Equity and Non-Controlling Interest - Additional Information (Details) Details 78 false false R79.htm 9954518 - Disclosure - Equity and Non-Controlling Interest - Schedule of Stock by Class (Details) Sheet http://www.blueowl.com/role/EquityandNonControllingInterestScheduleofStockbyClassDetails Equity and Non-Controlling Interest - Schedule of Stock by Class (Details) Details 79 false false R80.htm 9954519 - Disclosure - Equity and Non-Controlling Interest - Aggregate Distributions Declared For Each Applicable Class Of Common Shares (Details) Sheet http://www.blueowl.com/role/EquityandNonControllingInterestAggregateDistributionsDeclaredForEachApplicableClassOfCommonSharesDetails Equity and Non-Controlling Interest - Aggregate Distributions Declared For Each Applicable Class Of Common Shares (Details) Details 80 false false R81.htm 9954520 - Disclosure - Equity and Non-Controlling Interest - Redeemable Noncontrolling Interest (Details) Sheet http://www.blueowl.com/role/EquityandNonControllingInterestRedeemableNoncontrollingInterestDetails Equity and Non-Controlling Interest - Redeemable Noncontrolling Interest (Details) Details 81 false false R82.htm 9954521 - Disclosure - Earnings Per Share - Schedule Of Earnings Per Share, Basic And Diluted (Details) Sheet http://www.blueowl.com/role/EarningsPerShareScheduleOfEarningsPerShareBasicAndDilutedDetails Earnings Per Share - Schedule Of Earnings Per Share, Basic And Diluted (Details) Details 82 false false R83.htm 9954522 - Disclosure - Earnings Per Share - Additional Information (Details) Sheet http://www.blueowl.com/role/EarningsPerShareAdditionalInformationDetails Earnings Per Share - Additional Information (Details) Details 83 false false R84.htm 9954523 - Disclosure - Subsequent Events (Details) Sheet http://www.blueowl.com/role/SubsequentEventsDetails Subsequent Events (Details) Details http://www.blueowl.com/role/SubsequentEvents 84 false false R85.htm 9954524 - Disclosure - Organization - Schedule of Business Acquisitions, by Acquisition (Details) Sheet http://www.blueowl.com/role/OrganizationScheduleofBusinessAcquisitionsbyAcquisitionDetails Organization - Schedule of Business Acquisitions, by Acquisition (Details) Details 85 false false R86.htm 9954525 - Disclosure - Organization - (Details) Sheet http://www.blueowl.com/role/OrganizationDetails Organization - (Details) Details http://www.blueowl.com/role/OrganizationTables 86 false false R9999.htm Uncategorized Items - osnl-20230930.htm Sheet http://xbrl.sec.gov/role/uncategorizedFacts Uncategorized Items - osnl-20230930.htm Cover 87 false false All Reports Book All Reports osnl-20230930.htm osnl-20230930.xsd osnl-20230930_cal.xml osnl-20230930_def.xml osnl-20230930_lab.xml osnl-20230930_pre.xml osnl-20230930_g1.jpg http://fasb.org/us-gaap/2023 http://xbrl.sec.gov/dei/2023 http://xbrl.sec.gov/ecd/2023 true true