v3.26.1
Segment Reporting - Schedule of Financial Results by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Revenues:            
Total revenues $ 1,860,627 $ 1,998,381   $ 3,798,293 $ 4,053,553  
Expenses:            
Total expenses 861,601 926,793   1,752,181 1,879,882  
(Loss) income from unconsolidated entities 25,672 26,991   (16,490) (738,024) $ (738,024)
Income from investments in real estate debt 82,767 133,654   160,443 266,532  
Change in net assets of consolidated securitization vehicles 9,217 38,207   26,243 70,392  
GAAP segment income (loss) 1,116,682 1,270,440   2,216,308 1,772,571  
Depreciation and amortization (742,511) (808,651)   (1,503,000) (1,635,750)  
General and administrative (18,109) (16,886)   (32,554) (33,000)  
Management fee (176,615) (166,892)   (348,840) (335,317)  
Performance participation allocation (243,066) (88,824) $ (142,200) (399,772) (230,999)  
Impairment of investments in real estate (99,250) (171,113)   (234,467) (341,371)  
Loss from interest rate derivatives (56,333) (236,097)   (46,040) (598,759)  
Net gain on dispositions of real estate 393,297 464,394   855,832 600,303  
Interest expense, net (604,639) (777,766)   (1,300,099) (1,543,562)  
Loss on extinguishment of debt (24,453) (25,360)   (37,330) (36,874)  
Other expense (11,188) (12,228)   (21,746) (26,009)  
Net loss (466,185) (568,983)   (851,708) (2,408,767)  
Net loss attributable to non-controlling interests in consolidated subsidiaries 24,100 40,124   18,531 60,252  
Net loss attributable to non-controlling interests in BREIT OP 40,663 40,381   74,297 163,400  
Net loss attributable to BREIT stockholders (401,422) (488,478)   (758,880) (2,185,115)  
Rental Housing            
Revenues:            
Total revenues 1,143,913 1,252,466   2,343,105 2,552,324  
Expenses:            
Total expenses 615,363 670,569   1,238,668 1,361,862  
(Loss) income from unconsolidated entities (11,172) (5,416)   (25,612) (27,443)  
Income from investments in real estate debt 0 0   0 0  
Change in net assets of consolidated securitization vehicles 0 0   0 0  
GAAP segment income (loss) 517,378 576,481   1,078,825 1,163,019  
Depreciation and amortization (484,746) (520,797)   (979,760) (1,054,756)  
Industrial            
Revenues:            
Total revenues 301,815 325,600   621,470 666,308  
Expenses:            
Total expenses 103,977 109,291   225,428 229,726  
(Loss) income from unconsolidated entities 5,255 126,185   284 212,926  
Income from investments in real estate debt 0 0   0 0  
Change in net assets of consolidated securitization vehicles 0 0   0 0  
GAAP segment income (loss) 203,093 342,494   396,326 649,508  
Depreciation and amortization (140,540) (162,066)   (284,115) (328,192)  
Net Lease            
Revenues:            
Total revenues 151,708 150,385   303,559 300,769  
Expenses:            
Total expenses 1,942 655   4,019 1,343  
(Loss) income from unconsolidated entities 70 (106)   217 (397)  
Income from investments in real estate debt 0 0   0 0  
Change in net assets of consolidated securitization vehicles 0 0   0 0  
GAAP segment income (loss) 149,836 149,624   299,757 299,029  
Depreciation and amortization (49,556) (49,556)   (99,111) (99,111)  
Office            
Revenues:            
Total revenues 43,061 45,304   86,926 89,838  
Expenses:            
Total expenses 14,822 16,797   29,286 31,960  
(Loss) income from unconsolidated entities 8,630 5,649   14,079 7,890  
Income from investments in real estate debt 0 0   0 0  
Change in net assets of consolidated securitization vehicles 0 0   0 0  
GAAP segment income (loss) 36,869 34,156   71,719 65,768  
Depreciation and amortization (20,163) (21,696)   (40,801) (42,941)  
Hospitality            
Revenues:            
Total revenues 145,475 139,391   281,662 273,574  
Expenses:            
Total expenses 97,650 97,968   192,128 192,107  
(Loss) income from unconsolidated entities (605) (2,278)   (4,124) (5,066)  
Income from investments in real estate debt 0 0   0 0  
Change in net assets of consolidated securitization vehicles 0 0   0 0  
GAAP segment income (loss) 47,220 39,145   85,410 76,401  
Depreciation and amortization (22,548) (22,989)   (44,569) (45,953)  
Retail            
Revenues:            
Total revenues 49,944 52,496   102,325 105,480  
Expenses:            
Total expenses 20,788 19,682   43,250 40,023  
(Loss) income from unconsolidated entities 764 (1,133)   1,213 (2,554)  
Income from investments in real estate debt 0 0   0 0  
Change in net assets of consolidated securitization vehicles 0 0   0 0  
GAAP segment income (loss) 29,920 31,681   60,288 62,903  
Depreciation and amortization (16,733) (19,259)   (33,897) (40,299)  
Data Centers            
Revenues:            
Total revenues 15,586 13,523   31,404 27,266  
Expenses:            
Total expenses 3,562 2,993   7,239 6,077  
(Loss) income from unconsolidated entities 22,730 (95,910)   (2,547) (923,380)  
Income from investments in real estate debt 0 0   0 0  
Change in net assets of consolidated securitization vehicles 0 0   0 0  
GAAP segment income (loss) 34,754 (85,380)   21,618 (902,191)  
Depreciation and amortization (5,484) (5,546)   (11,133) (11,092)  
Self Storage            
Revenues:            
Total revenues 9,125 19,216   27,842 37,994  
Expenses:            
Total expenses 3,497 8,838   12,163 16,784  
(Loss) income from unconsolidated entities 0 0   0 0  
Income from investments in real estate debt 0 0   0 0  
Change in net assets of consolidated securitization vehicles 0 0   0 0  
GAAP segment income (loss) 5,628 10,378   15,679 21,210  
Depreciation and amortization (2,741) (6,742)   (9,614) (13,406)  
Investments in Real Estate Debt            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
(Loss) income from unconsolidated entities 0 0   0 0  
Income from investments in real estate debt 82,767 133,654   160,443 266,532  
Change in net assets of consolidated securitization vehicles 9,217 38,207   26,243 70,392  
GAAP segment income (loss) 91,984 171,861   186,686 336,924  
Depreciation and amortization 0 0   0 0  
Rental revenue            
Revenues:            
Total revenues 1,629,105 1,770,660   3,350,359 3,603,049  
Expenses:            
Total expenses 763,951 828,825   1,560,053 1,687,775  
Rental revenue | Rental Housing            
Revenues:            
Total revenues 1,066,971 1,170,522   2,195,056 2,392,227  
Expenses:            
Total expenses 615,363 670,569   1,238,668 1,361,862  
Rental revenue | Industrial            
Revenues:            
Total revenues 298,853 323,289   615,277 658,146  
Expenses:            
Total expenses 103,977 109,291   225,428 229,726  
Rental revenue | Net Lease            
Revenues:            
Total revenues 150,385 150,385   300,769 300,769  
Expenses:            
Total expenses 1,942 655   4,019 1,343  
Rental revenue | Office            
Revenues:            
Total revenues 40,697 43,379   82,216 85,936  
Expenses:            
Total expenses 14,822 16,797   29,286 31,960  
Rental revenue | Hospitality            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Rental revenue | Retail            
Revenues:            
Total revenues 48,910 51,589   100,429 103,349  
Expenses:            
Total expenses 20,788 19,682   43,250 40,023  
Rental revenue | Data Centers            
Revenues:            
Total revenues 15,579 13,504   31,397 27,247  
Expenses:            
Total expenses 3,562 2,993   7,239 6,077  
Rental revenue | Self Storage            
Revenues:            
Total revenues 7,710 17,992   25,215 35,375  
Expenses:            
Total expenses 3,497 8,838   12,163 16,784  
Rental revenue | Investments in Real Estate Debt            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Hospitality properties            
Revenues:            
Total revenues 145,475 139,199   281,662 273,315  
Expenses:            
Total expenses 97,650 97,968   192,128 192,107  
Hospitality properties | Rental Housing            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Hospitality properties | Industrial            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Hospitality properties | Net Lease            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Hospitality properties | Office            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Hospitality properties | Hospitality            
Revenues:            
Total revenues 145,475 139,199   281,662 273,315  
Expenses:            
Total expenses 97,650 97,968   192,128 192,107  
Hospitality properties | Retail            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Hospitality properties | Data Centers            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Hospitality properties | Self Storage            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Hospitality properties | Investments in Real Estate Debt            
Revenues:            
Total revenues 0 0   0 0  
Expenses:            
Total expenses 0 0   0 0  
Other revenue            
Revenues:            
Total revenues 86,047 88,522   166,272 177,189  
Other revenue | Rental Housing            
Revenues:            
Total revenues 76,942 81,944   148,049 160,097  
Other revenue | Industrial            
Revenues:            
Total revenues 2,962 2,311   6,193 8,162  
Other revenue | Net Lease            
Revenues:            
Total revenues 1,323 0   2,790 0  
Other revenue | Office            
Revenues:            
Total revenues 2,364 1,925   4,710 3,902  
Other revenue | Hospitality            
Revenues:            
Total revenues 0 192   0 259  
Other revenue | Retail            
Revenues:            
Total revenues 1,034 907   1,896 2,131  
Other revenue | Data Centers            
Revenues:            
Total revenues 7 19   7 19  
Other revenue | Self Storage            
Revenues:            
Total revenues 1,415 1,224   2,627 2,619  
Other revenue | Investments in Real Estate Debt            
Revenues:            
Total revenues $ 0 $ 0   $ 0 $ 0