Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets
Investments in real estate, net	$ 32,457,713	$ 26,326,868
Investments in unconsolidated entities	816,220
Investments in real estate debt	4,566,306	4,523,260
Cash and cash equivalents	333,388	204,269
Restricted cash	711,135	905,433
Other assets	1,799,253	1,079,993
Total assets	40,684,015	33,039,823
Liabilities and Equity
Mortgage notes, term loans, and secured revolving credit facilities, net	19,976,161	16,929,659
Secured financings on investments in real estate debt	2,140,993	3,092,137
Due to affiliates	887,660	690,143
Other liabilities	1,465,194	1,692,087
Total liabilities	24,470,008	22,404,026
Commitments and contingencies
Redeemable non-controlling interests	30,056	21,149
Equity
Preferred stock, $0.01 par value per share, 100,000 shares authorized; no shares issued and outstanding as of December 31, 2020 and 2019
Additional paid-in capital	19,059,045	11,716,721
Accumulated deficit and cumulative distributions	(3,224,318)	(1,422,885)
Total stockholders' equity	15,852,726	10,305,132
Non-controlling interests attributable to third party joint ventures	143,253	157,795
Non-controlling interests attributable to BREIT OP unitholders	187,972	151,721
Total equity	16,183,951	10,614,648
Total liabilities and equity	40,684,015	33,039,823
Class S Shares [Member]
Equity
Common stock value	7,029	5,308
Class T Shares [Member]
Equity
Common stock value	459	398
Class D Shares [Member]
Equity
Common stock value	1,241	847
Class I Shares [Member]
Equity
Common stock value	$ 9,270	$ 4,743