v3.26.3
Segment Reporting - Schedule of Financial Results by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:          
Total revenues $ 1,792,424 $ 1,943,444   $ 5,590,717 $ 5,996,997
Expenses:          
Total expenses 872,278 916,934   2,624,459 2,796,816
Income (loss) from unconsolidated entities 475,615 (149,792)   459,125 (887,816)
Income from investments in real estate debt 60,098 142,396   220,541 408,928
Change in net assets of consolidated securitization vehicles 10,593 18,613   36,836 89,005
GAAP segment income (loss) 1,466,452 1,037,727   3,682,760 2,810,298
Depreciation and amortization (721,775) (788,475)   (2,224,775) (2,424,225)
General and administrative (12,674) (17,958)   (45,228) (50,958)
Management fee (181,275) (166,757)   (530,115) (502,074)
Performance participation allocation (163,016) (124,029) $ (142,200) (562,788) (355,028)
Impairment of investments in real estate (496,681) (27,386)   (731,148) (368,757)
Income (loss) from interest rate derivatives 119,469 (159,269)   73,429 (758,028)
Net gain on dispositions of real estate 366,087 332,883   1,221,919 933,186
Interest expense, net (676,137) (768,735)   (1,976,236) (2,312,297)
Gain (loss) on extinguishment of debt 17,607 (17,186)   (19,723) (54,060)
Other expense (14,182) (14,332)   (35,928) (40,341)
Net loss (296,125) (713,517)   (1,147,833) (3,122,284)
Net loss attributable to non-controlling interests in consolidated subsidiaries 117,175 18,164   135,706 78,416
Net loss attributable to non-controlling interests in BREIT OP 18,060 56,671   92,357 220,071
Net loss attributable to BREIT stockholders (160,890) (638,682)   (919,770) (2,823,797)
Rental Housing          
Revenues:          
Total revenues 1,091,834 1,213,527   3,434,939 3,765,851
Expenses:          
Total expenses 629,180 665,652   1,867,848 2,027,514
Income (loss) from unconsolidated entities (11,500) (12,990)   (37,112) (40,433)
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) 451,154 534,885   1,529,979 1,697,904
Depreciation and amortization (468,453) (504,176)   (1,448,213) (1,558,932)
Industrial          
Revenues:          
Total revenues 305,045 323,816   926,515 990,124
Expenses:          
Total expenses 108,343 113,878   333,771 343,604
Income (loss) from unconsolidated entities 35,135 (54,950)   35,419 157,976
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) 231,837 154,988   628,163 804,496
Depreciation and amortization (139,983) (159,828)   (424,098) (488,020)
Net Lease          
Revenues:          
Total revenues 151,877 150,384   455,436 451,153
Expenses:          
Total expenses 2,327 552   6,346 1,895
Income (loss) from unconsolidated entities 445 (123)   662 (520)
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) 149,995 149,709   449,752 448,738
Depreciation and amortization (49,555) (49,555)   (148,666) (148,666)
Office          
Revenues:          
Total revenues 41,566 47,963   128,492 137,801
Expenses:          
Total expenses 12,919 14,964   42,205 46,924
Income (loss) from unconsolidated entities 5,399 8,629   19,478 16,519
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) 34,046 41,628   105,765 107,396
Depreciation and amortization (19,853) (21,401)   (60,654) (64,342)
Hospitality          
Revenues:          
Total revenues 132,949 123,399   414,611 396,973
Expenses:          
Total expenses 94,443 89,125   286,571 281,232
Income (loss) from unconsolidated entities (1,974) (2,643)   (6,098) (7,709)
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) 36,532 31,631   121,942 108,032
Depreciation and amortization (21,895) (22,247)   (66,464) (68,200)
Data Centers          
Revenues:          
Total revenues 17,913 13,300   49,317 40,566
Expenses:          
Total expenses 4,171 2,796   11,410 8,873
Income (loss) from unconsolidated entities 447,484 (87,322)   444,937 (1,010,702)
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) 461,226 (76,818)   482,844 (979,009)
Depreciation and amortization (5,402) (5,546)   (16,535) (16,638)
Retail          
Revenues:          
Total revenues 51,240 51,327   153,565 156,807
Expenses:          
Total expenses 20,895 20,468   64,145 60,491
Income (loss) from unconsolidated entities 626 (393)   1,839 (2,947)
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) 30,971 30,466   91,259 93,369
Depreciation and amortization (16,634) (18,897)   (50,531) (59,196)
Self Storage          
Revenues:          
Total revenues   19,728   27,842 57,722
Expenses:          
Total expenses   9,499   12,163 26,283
Income (loss) from unconsolidated entities   0   0 0
Income from investments in real estate debt   0   0 0
Change in net assets of consolidated securitization vehicles   0   0 0
GAAP segment income (loss)   10,229   15,679 31,439
Depreciation and amortization   (6,825)   (9,614) (20,231)
Investments in Real Estate Debt          
Revenues:          
Total revenues 0 0   0 0
Expenses:          
Total expenses 0 0   0 0
Income (loss) from unconsolidated entities 0 0   0 0
Income from investments in real estate debt 60,098 142,396   220,541 408,928
Change in net assets of consolidated securitization vehicles 10,593 18,613   36,836 89,005
GAAP segment income (loss) 70,691 161,009   257,377 497,933
Depreciation and amortization 0 0   0 0
Rental revenue          
Revenues:          
Total revenues 1,573,612 1,719,143   4,923,971 5,322,192
Expenses:          
Total expenses 777,835 827,809   2,337,888 2,515,584
Rental revenue | Rental Housing          
Revenues:          
Total revenues 1,012,733 1,122,936   3,207,789 3,515,163
Expenses:          
Total expenses 629,180 665,652   1,867,848 2,027,514
Rental revenue | Industrial          
Revenues:          
Total revenues 302,546 321,059   917,823 979,205
Expenses:          
Total expenses 108,343 113,878   333,771 343,604
Rental revenue | Net Lease          
Revenues:          
Total revenues 150,384 150,384   451,153 451,153
Expenses:          
Total expenses 2,327 552   6,346 1,895
Rental revenue | Office          
Revenues:          
Total revenues 39,517 42,741   121,733 128,677
Expenses:          
Total expenses 12,919 14,964   42,205 46,924
Rental revenue | Hospitality          
Revenues:          
Total revenues 0 0   0 0
Expenses:          
Total expenses 0 0   0 0
Rental revenue | Data Centers          
Revenues:          
Total revenues 17,913 13,300   49,310 40,547
Expenses:          
Total expenses 4,171 2,796   11,410 8,873
Rental revenue | Retail          
Revenues:          
Total revenues 50,519 50,338   150,948 153,687
Expenses:          
Total expenses 20,895 20,468   64,145 60,491
Rental revenue | Self Storage          
Revenues:          
Total revenues   18,385   25,215 53,760
Expenses:          
Total expenses   9,499   12,163 26,283
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 132,949 123,399   414,611 396,714
Expenses:          
Total expenses 94,443 89,125   286,571 281,232
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 132,949 123,399   414,611 396,714
Expenses:          
Total expenses 94,443 89,125   286,571 281,232
Hospitality properties | Data Centers          
Revenues:          
Total revenues 0 0   0 0
Expenses:          
Total expenses 0 0   0 0
Hospitality properties | Retail          
Revenues:          
Total revenues 0 0   0 0
Expenses:          
Total expenses 0 0   0 0
Hospitality properties | Self Storage          
Revenues:          
Total revenues   0   0 0
Expenses:          
Total expenses   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 85,863 100,902   252,135 278,091
Other revenue | Rental Housing          
Revenues:          
Total revenues 79,101 90,591   227,150 250,688
Other revenue | Industrial          
Revenues:          
Total revenues 2,499 2,757   8,692 10,919
Other revenue | Net Lease          
Revenues:          
Total revenues 1,493 0   4,283 0
Other revenue | Office          
Revenues:          
Total revenues 2,049 5,222   6,759 9,124
Other revenue | Hospitality          
Revenues:          
Total revenues 0 0   0 259
Other revenue | Data Centers          
Revenues:          
Total revenues 0 0   7 19
Other revenue | Retail          
Revenues:          
Total revenues 721 989   2,617 3,120
Other revenue | Self Storage          
Revenues:          
Total revenues   1,343   2,627 3,962
Other revenue | Investments in Real Estate Debt          
Revenues:          
Total revenues $ 0 $ 0   $ 0 $ 0