| Assets |
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| Investments in real estate, net |
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| Investments in unconsolidated entities (includes $3,744,156 and $3,843,300 at fair value as of June 30, 2026 and December 31, 2025, respectively) |
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| Investments in real estate debt, at fair value |
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| Real estate loans held by consolidated securitization vehicles, at fair value |
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Cash and cash equivalents
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| Restricted cash |
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| Other assets |
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Total assets
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| Liabilities and Equity |
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| Mortgage loans, secured term loans, and secured revolving credit facilities, net |
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| Secured financings of investments in real estate debt |
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| Senior obligations of consolidated securitization vehicles, at fair value |
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| Unsecured revolving credit facilities and term loans |
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| Due to affiliates |
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| Other liabilities |
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| Related Party |
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| Nonrelated Party |
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| Total other liabilities |
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Total liabilities
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| Commitments and contingencies |
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| Redeemable non-controlling interests |
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| Equity |
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| Common stock, $0.01 par value per share |
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| Class S |
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| Class I |
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| Class T |
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| Class D |
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| Class C |
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Total common stock, $0.01 par value per share
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Additional paid-in capital
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| Accumulated other comprehensive income |
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Accumulated deficit and cumulative distributions
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Total stockholders’ equity
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| Non-controlling interests attributable to consolidated subsidiaries |
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| Non-controlling interests attributable to BREIT OP |
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| Total equity |
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Total liabilities and equity
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| Common stock, shares issued (in shares) |
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| Class S |
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| Class I |
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| Class T |
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| Class D |
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| Class C |
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| Common stock, shares outstanding (in shares) |
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| Class S |
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| Class I |
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| Class T |
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| Class D |
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| Class C |
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| Total common stock, shares outstanding (in shares) |
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| Common stock, shares authorized (in shares) |
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| Class S |
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| Class I |
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| Class T |
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| Class D |
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| Class C |
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