10-Q Filing

BROOKFIELD REAL ESTATE INCOME TRUST INC. CIK: 1713407 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001713407-23-000076`
Period End Date	20230630
Filing Date	20230811
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	oak-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 96 Cash Flow Statement 138 Stockholders Equity 48

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments in real estate, net	`RealEstateInvestments`	$1.56B	USD	Point-in-time
Investments in real estate, net	`RealEstateInvestments`	$1.58B	USD	Point-in-time
Investments in real estate-related loans and securities, net	`InvestmentsInRealEstateRelatedLoansNet`	$309.42M	USD	Point-in-time
Investments in real estate-related loans and securities, net	`InvestmentsInRealEstateRelatedLoansNet`	$332.65M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInUnconsolidatedEntities`	$80.59M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInUnconsolidatedEntities`	$79.60M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	92.09M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	91.69M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$43.54M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$44.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.58M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$85.83M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$16.37M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$18.18M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNet`	$9.28M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNet`	$8.38M	USD	Point-in-time
Other assets	`OtherAssets`	$23.19M	USD	Point-in-time
Other assets	`OtherAssets`	$49.27M	USD	Point-in-time
Total Assets	`Assets`	$2.12B	USD	Point-in-time
Total Assets	`Assets`	$2.15B	USD	Point-in-time
Mortgage loans, secured term loan and secured credit facility, net	`MortgageLoansNet`	$1.06B	USD	Point-in-time
Mortgage loans, secured term loan and secured credit facility, net	`MortgageLoansNet`	$1.05B	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$48.57M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$52.29M	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilitiesNet`	$26.80M	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilitiesNet`	$27.48M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAccruedExpensesAndOtherLiabilities`	$39.59M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAccruedExpensesAndOtherLiabilities`	$51.30M	USD	Point-in-time
Subscriptions received in advance	`ContractWithCustomerLiability`	$8.17M	USD	Point-in-time
Subscriptions received in advance	`ContractWithCustomerLiability`	$3.80M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.19B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.18B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable non-controlling interests attributable to OP unitholders	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$200.09M	USD	Point-in-time
Redeemable non-controlling interests attributable to OP unitholders	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$990.00K	USD	Point-in-time
Redeemable non-controlling interests attributable to OP unitholders	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.00M	USD	Point-in-time
Redeemable non-controlling interests attributable to OP unitholders	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$961.00K	USD	Point-in-time
Preferred stock, $0.01 par value per share, 50,000 shares authorized; no shares issued nor outstanding at June 30, 2023 and December 31, 2022, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share, 50,000 shares authorized; no shares issued nor outstanding at June 30, 2023 and December 31, 2022, respectively	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.06B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-142.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.71M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$927.98M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$963.21M	USD	Point-in-time
Non-controlling interests attributable to third party joint ventures	`NonControllingInterestsAttributableToThirdPartyJointVentures`	$4.07M	USD	Point-in-time
Non-controlling interests attributable to third party joint ventures	`NonControllingInterestsAttributableToThirdPartyJointVentures`	$4.13M	USD	Point-in-time
Non-controlling interests attributable to preferred stockholders	`NonControllingInterestsAttributableToPreferredStockholders`	$375.00K	USD	Point-in-time
Non-controlling interests attributable to preferred stockholders	`NonControllingInterestsAttributableToPreferredStockholders`	$375.00K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$932.48M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$944.31M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$230.96M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$297.07M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$769.90M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$967.66M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.12B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.15B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	92.09M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	91.69M	shares	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	$63.98M	USD	2 Qtrs
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	$33.50M	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	$27.04M	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	$48.70M	USD	2 Qtrs
Other revenues	`OtherIncome`	$2.75M	USD	1 Quarter
Other revenues	`OtherIncome`	$3.65M	USD	1 Quarter
Other revenues	`OtherIncome`	$4.65M	USD	2 Qtrs
Other revenues	`OtherIncome`	$6.21M	USD	2 Qtrs
Total revenues	`Revenues`	$37.15M	USD	1 Quarter
Total revenues	`Revenues`	$53.35M	USD	2 Qtrs
Total revenues	`Revenues`	$70.18M	USD	2 Qtrs
Total revenues	`Revenues`	$29.79M	USD	1 Quarter
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$9.66M	USD	1 Quarter
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$17.58M	USD	2 Qtrs
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$14.88M	USD	1 Quarter
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$26.61M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.54M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.23M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.47M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.48M	USD	1 Quarter
Management fee	`ManagementFeeExpense`	$7.26M	USD	2 Qtrs
Management fee	`ManagementFeeExpense`	$3.58M	USD	1 Quarter
Management fee	`ManagementFeeExpense`	$3.29M	USD	2 Qtrs
Management fee	`ManagementFeeExpense`	$2.10M	USD	1 Quarter
Performance fee	`PerformanceFees1`	$8.23M	USD	2 Qtrs
Performance fee	`PerformanceFees1`	$4.72M	USD	1 Quarter
Performance fee	`PerformanceFees1`	-	USD	1 Quarter
Performance fee	`PerformanceFees1`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.54M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.57M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.77M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$63.98M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$62.12M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$34.30M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$33.45M	USD	1 Quarter
Income from real estate-related loans and securities	`InterestLoansRealEstate`	$2.49M	USD	2 Qtrs
Income from real estate-related loans and securities	`InterestLoansRealEstate`	$5.15M	USD	1 Quarter
Income from real estate-related loans and securities	`InterestLoansRealEstate`	$11.51M	USD	2 Qtrs
Income from real estate-related loans and securities	`InterestLoansRealEstate`	$1.42M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.05M	USD	1 Quarter
Interest expense	`InterestExpense`	$14.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.43M	USD	2 Qtrs
Interest expense	`InterestExpense`	$14.77M	USD	2 Qtrs
Realized (loss) gain on real estate investments, net	`RealizedInvestmentGainsLosses`	$639.00K	USD	1 Quarter
Realized (loss) gain on real estate investments, net	`RealizedInvestmentGainsLosses`	$669.00K	USD	2 Qtrs
Realized (loss) gain on real estate investments, net	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Realized (loss) gain on real estate investments, net	`RealizedInvestmentGainsLosses`	$504.00K	USD	2 Qtrs
Realized gain on financial instruments	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Realized gain on financial instruments	`OtherNonoperatingIncomeExpense`	$7.09M	USD	1 Quarter
Realized gain on financial instruments	`OtherNonoperatingIncomeExpense`	$105.00K	USD	2 Qtrs
Realized gain on financial instruments	`OtherNonoperatingIncomeExpense`	$7.09M	USD	2 Qtrs
Unrealized (loss) gain on investments, net	`UnrealizedGainLossOnInvestments`	$-7.80M	USD	1 Quarter
Unrealized (loss) gain on investments, net	`UnrealizedGainLossOnInvestments`	$6.21M	USD	1 Quarter
Unrealized (loss) gain on investments, net	`UnrealizedGainLossOnInvestments`	$-1.01M	USD	2 Qtrs
Unrealized (loss) gain on investments, net	`UnrealizedGainLossOnInvestments`	$1.57M	USD	2 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$-14.74M	USD	2 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$-7.34M	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-2.50M	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-5.53M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-14.31M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-11.85M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-8.54M	USD	2 Qtrs
Net (income) loss attributable to non-controlling interests in third party joint ventures	`NetIncomeLossAttributableToNoncontrollingInterestsJointVentures`	$-23.00K	USD	2 Qtrs
Net (income) loss attributable to non-controlling interests in third party joint ventures	`NetIncomeLossAttributableToNoncontrollingInterestsJointVentures`	$67.00K	USD	1 Quarter
Net (income) loss attributable to non-controlling interests in third party joint ventures	`NetIncomeLossAttributableToNoncontrollingInterestsJointVentures`	$-42.00K	USD	2 Qtrs
Net (income) loss attributable to non-controlling interests in third party joint ventures	`NetIncomeLossAttributableToNoncontrollingInterestsJointVentures`	$-29.00K	USD	1 Quarter
Net income attributable to non-controlling interests - preferred stockholders	`NetIncomeLossAttributableToNoncontrollingInterestsPreferredStockholders`	-	USD	1 Quarter
Net income attributable to non-controlling interests - preferred stockholders	`NetIncomeLossAttributableToNoncontrollingInterestsPreferredStockholders`	$-45.00K	USD	2 Qtrs
Net income attributable to non-controlling interests - preferred stockholders	`NetIncomeLossAttributableToNoncontrollingInterestsPreferredStockholders`	-	USD	2 Qtrs
Net income attributable to non-controlling interests - preferred stockholders	`NetIncomeLossAttributableToNoncontrollingInterestsPreferredStockholders`	$-45.00K	USD	1 Quarter
Net loss attributable to redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$2.00K	USD	1 Quarter
Net loss attributable to redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-3.67M	USD	1 Quarter
Net loss attributable to redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-6.00K	USD	2 Qtrs
Net loss attributable to redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-4.65M	USD	2 Qtrs
Net loss attributable to stockholders	`NetIncomeLoss`	$1.08M	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-8.54M	USD	2 Qtrs
Net loss attributable to stockholders	`NetIncomeLoss`	$-9.63M	USD	2 Qtrs
Net loss attributable to stockholders	`NetIncomeLoss`	$-8.15M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.25	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.25	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.09	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	94.23M	shares	1 Quarter
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	94.12M	shares	2 Qtrs
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.70M	shares	1 Quarter
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.23M	shares	2 Qtrs
Weighted average number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.70M	shares	1 Quarter
Weighted average number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.23M	shares	1 Quarter
Weighted average number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.12M	shares	2 Qtrs
Weighted average number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.23M	shares	2 Qtrs

Cash Flow Statement 138 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-14.31M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-11.85M	USD	1 Quarter
Net loss	`ProfitLoss`	$1.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.54M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.54M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.57M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.77M	USD	1 Quarter
Management fees	`IncreaseDecreaseInManagementFees`	$-7.26M	USD	2 Qtrs
Management fees	`IncreaseDecreaseInManagementFees`	$-3.29M	USD	2 Qtrs
Performance fees	`IncreaseDecreaseInPerformanceFees`	$-8.23M	USD	2 Qtrs
Performance fees	`IncreaseDecreaseInPerformanceFees`	-	USD	2 Qtrs
Amortization of above and below market leases and lease inducements	`AmortizationOfAboveAndBelowMarketLeases1`	$686.00K	USD	2 Qtrs
Amortization of above and below market leases and lease inducements	`AmortizationOfAboveAndBelowMarketLeases1`	$538.00K	USD	2 Qtrs
Amortization of restricted stock grants	`AmortizationOfRestrictedStockGrants`	$81.00K	USD	2 Qtrs
Amortization of restricted stock grants	`AmortizationOfRestrictedStockGrants`	$177.00K	USD	2 Qtrs
Amortization of deferred financing costs	`OtherAmortizationOfDeferredCharges`	$1.13M	USD	2 Qtrs
Amortization of deferred financing costs	`OtherAmortizationOfDeferredCharges`	$1.59M	USD	2 Qtrs
Amortization of upfront derivative acquisition costs	`AmortizationOfUpfrontDerivativeAcquisitionCosts`	-	USD	2 Qtrs
Amortization of upfront derivative acquisition costs	`AmortizationOfUpfrontDerivativeAcquisitionCosts`	$911.00K	USD	2 Qtrs
Provision for current expected credit losses	`ProvisionForLoanLossesExpensed`	$1.30M	USD	2 Qtrs
Provision for current expected credit losses	`ProvisionForLoanLossesExpensed`	-	USD	2 Qtrs
Amortization of origination fees and discount	`AmortizationOfFinancingCostsAndDiscounts`	$-112.00K	USD	2 Qtrs
Amortization of origination fees and discount	`AmortizationOfFinancingCostsAndDiscounts`	$-49.00K	USD	2 Qtrs
Upfront derivative acquisition costs	`DerivativeAcquisitionCosts`	-	USD	2 Qtrs
Upfront derivative acquisition costs	`DerivativeAcquisitionCosts`	$8.78M	USD	2 Qtrs
Paid-in-kind interest	`PaidInKindInterestNet`	$172.00K	USD	2 Qtrs
Paid-in-kind interest	`PaidInKindInterestNet`	-	USD	2 Qtrs
Realized loss (gain) on investments in real estate-related loans and securities	`RealizedInvestmentGainsLosses`	$639.00K	USD	1 Quarter
Realized loss (gain) on investments in real estate-related loans and securities	`RealizedInvestmentGainsLosses`	$669.00K	USD	2 Qtrs
Realized loss (gain) on investments in real estate-related loans and securities	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Realized loss (gain) on investments in real estate-related loans and securities	`RealizedInvestmentGainsLosses`	$504.00K	USD	2 Qtrs
Unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$-7.80M	USD	1 Quarter
Unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$6.21M	USD	1 Quarter
Unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$-1.01M	USD	2 Qtrs
Unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$1.57M	USD	2 Qtrs
Distributions of earnings from unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	$2.33M	USD	2 Qtrs
Distributions of earnings from unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	2 Qtrs
Increase in lease inducements and origination costs	`IncreaseDecreaseInOperatingLeaseLiability`	$-423.00K	USD	2 Qtrs
Increase in lease inducements and origination costs	`IncreaseDecreaseInOperatingLeaseLiability`	$-259.00K	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$164.00K	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$222.00K	USD	2 Qtrs
Increase in accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.90M	USD	2 Qtrs
Increase in accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$929.00K	USD	2 Qtrs
Decrease (increase) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.33M	USD	2 Qtrs
Decrease (increase) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.86M	USD	2 Qtrs
Increase in due to affiliates	`IncreaseDecreaseDueFromAffiliates`	$-2.01M	USD	2 Qtrs
Increase in due to affiliates	`IncreaseDecreaseDueFromAffiliates`	$-1.85M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.23M	USD	2 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstate`	$1.88M	USD	2 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstate`	$523.00M	USD	2 Qtrs
Purchase of real estate-related loans and securities	`PaymentstoAcquireRealEstateRelatedLoans`	$49.16M	USD	2 Qtrs
Purchase of real estate-related loans and securities	`PaymentstoAcquireRealEstateRelatedLoans`	$73.53M	USD	2 Qtrs
Proceeds from sale of real estate-related loans and securities	`ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans`	$62.60M	USD	2 Qtrs
Proceeds from sale of real estate-related loans and securities	`ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans`	$3.09M	USD	2 Qtrs
Proceeds from principal repayments of real estate-related loans and securities	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.97M	USD	2 Qtrs
Proceeds from principal repayments of real estate-related loans and securities	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$1.47M	USD	2 Qtrs
Payment of investment acquisition deposits	`PaymentsForOtherDeposits`	$3.27M	USD	2 Qtrs
Payment of investment acquisition deposits	`PaymentsForOtherDeposits`	-	USD	2 Qtrs
Capital improvements to real estate	`PaymentsForTenantImprovements`	$3.57M	USD	2 Qtrs
Capital improvements to real estate	`PaymentsForTenantImprovements`	$1.34M	USD	2 Qtrs
Proceeds from sale of preferred membership interests	`ProceedsFromSaleOfPreferredMembershipInterests`	-	USD	2 Qtrs
Proceeds from sale of preferred membership interests	`ProceedsFromSaleOfPreferredMembershipInterests`	$28.83M	USD	2 Qtrs
Purchase of trading securities	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$14.87M	USD	2 Qtrs
Purchase of trading securities	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$156.77M	USD	2 Qtrs
Proceeds from sale of trading securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	-	USD	2 Qtrs
Proceeds from sale of trading securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$143.85M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.04M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-582.63M	USD	2 Qtrs
Borrowings from mortgage loans and secured term loan	`ProceedsFromBorrowingsFromMortgageLoans`	$584.96M	USD	2 Qtrs
Borrowings from mortgage loans and secured term loan	`ProceedsFromBorrowingsFromMortgageLoans`	-	USD	2 Qtrs
Borrowings from secured credit facility	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	2 Qtrs
Borrowings from secured credit facility	`ProceedsFromIssuanceOfSecuredDebt`	$251.15M	USD	2 Qtrs
Repayment of mortgage loans	`RepaymentOfMortgageLoans`	$214.75M	USD	2 Qtrs
Repayment of mortgage loans	`RepaymentOfMortgageLoans`	-	USD	2 Qtrs
Repayment of secured credit facility	`RepaymentsOfSecuredDebt`	$256.86M	USD	2 Qtrs
Repayment of secured credit facility	`RepaymentsOfSecuredDebt`	-	USD	2 Qtrs
Borrowings from affiliate line of credit	`ProceedsFromLinesOfCredit`	$43.00M	USD	2 Qtrs
Borrowings from affiliate line of credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Repayment of affiliate line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Repayment of affiliate line of credit	`RepaymentsOfLinesOfCredit`	$148.00M	USD	2 Qtrs
Proceeds from issuance of OP units	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	-	USD	2 Qtrs
Proceeds from issuance of OP units	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	$38.00M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$3.74M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$25.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$321.05M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$72.32M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$17.96M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$93.35M	USD	2 Qtrs
Subscriptions received in advance	`SubscriptionsReceivedInAdvance`	$77.64M	USD	2 Qtrs
Subscriptions received in advance	`SubscriptionsReceivedInAdvance`	$3.80M	USD	2 Qtrs
Payment of organizational and offering costs	`PaymentsofOfferingCosts`	$3.50M	USD	2 Qtrs
Payment of organizational and offering costs	`PaymentsofOfferingCosts`	$2.57M	USD	2 Qtrs
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$299.00K	USD	2 Qtrs
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$6.00K	USD	2 Qtrs
Contributions from non-controlling interests	`ProceedsFromMinorityShareholders`	$104.00K	USD	2 Qtrs
Contributions from non-controlling interests	`ProceedsFromMinorityShareholders`	$33.00K	USD	2 Qtrs
Distributions	`PaymentsOfCapitalDistribution`	$13.51M	USD	2 Qtrs
Distributions	`PaymentsOfCapitalDistribution`	$4.61M	USD	2 Qtrs
Distributions to non-controlling interests attributable to preferred stockholders	`PaymentsOfOrdinaryDividendsNoncontrollingInterestAttributableToPreferredStockholders`	$45.00K	USD	2 Qtrs
Distributions to non-controlling interests attributable to preferred stockholders	`PaymentsOfOrdinaryDividendsNoncontrollingInterestAttributableToPreferredStockholders`	$24.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$667.02M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-34.21M	USD	2 Qtrs
Net change in cash and cash-equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$118.63M	USD	2 Qtrs
Net change in cash and cash-equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-14.07M	USD	2 Qtrs
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.78M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.93M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.00M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$179.41M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.78M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.93M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.00M	USD	Point-in-time
Cash and cash-equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$179.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.58M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$85.83M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$16.37M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$18.18M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.78M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.93M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.00M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$179.41M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$27.72M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$13.26M	USD	2 Qtrs
Accrued distributions	`AccruedDistributions`	$101.00K	USD	2 Qtrs
Accrued distributions	`AccruedDistributions`	$3.01M	USD	2 Qtrs
Accrued stockholder servicing fee due to affiliate	`AccruedStockholderServicingFee`	$571.00K	USD	2 Qtrs
Accrued stockholder servicing fee due to affiliate	`AccruedStockholderServicingFee`	$9.48M	USD	2 Qtrs
Accrued offering costs	`AccruedOfferingCosts`	-	USD	2 Qtrs
Accrued offering costs	`AccruedOfferingCosts`	$245.00K	USD	2 Qtrs
Accrued capital improvements	`AccruedBuildingImprovements`	$45.00K	USD	2 Qtrs
Accrued capital improvements	`AccruedBuildingImprovements`	$31.00K	USD	2 Qtrs
Accrued repurchases of common stock in accounts payable	`AccruedRepurchasesInAccountsPayable`	$4.12M	USD	2 Qtrs
Accrued repurchases of common stock in accounts payable	`AccruedRepurchasesInAccountsPayable`	$9.78M	USD	2 Qtrs
Accrued repurchases of common stock in accounts payable	`AccruedRepurchasesOfCommonStockInDueToAffiliates`	-	USD	2 Qtrs
Accrued repurchases of common stock in accounts payable	`AccruedRepurchasesOfCommonStockInDueToAffiliates`	$3.59M	USD	2 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$932.48M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$944.31M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$230.96M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$297.07M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$769.90M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$967.66M	USD	Point-in-time
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$534.79M	USD	1 Quarter
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$632.49M	USD	2 Qtrs
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$45.63M	USD	1 Quarter
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$94.39M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$81.00K	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$96.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$81.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$177.00K	USD	2 Qtrs
Distributions Reinvested	`DistributionsReinvested`	$5.96M	USD	2 Qtrs
Distributions Reinvested	`DistributionsReinvested`	$3.38M	USD	1 Quarter
Distributions Reinvested	`DistributionsReinvested`	$19.58M	USD	2 Qtrs
Distributions Reinvested	`DistributionsReinvested`	$9.36M	USD	1 Quarter
Contributions from non-controlling interests	`IncreasefromContributions`	$87.00K	USD	1 Quarter
Contributions from non-controlling interests	`IncreasefromContributions`	$33.00K	USD	2 Qtrs
Contributions from non-controlling interests	`IncreasefromContributions`	$104.00K	USD	2 Qtrs
Contributions from non-controlling interests	`IncreasefromContributions`	$6.00K	USD	1 Quarter
Distributions	`DecreaseFromDistributions`	$33.20M	USD	2 Qtrs
Distributions	`DecreaseFromDistributions`	$8.65M	USD	1 Quarter
Distributions	`DecreaseFromDistributions`	$16.13M	USD	1 Quarter
Distributions	`DecreaseFromDistributions`	$13.61M	USD	2 Qtrs
Common stock repurchased	`DecreaseFromRedemptions`	$14.32M	USD	2 Qtrs
Common stock repurchased	`DecreaseFromRedemptions`	$106.72M	USD	2 Qtrs
Common stock repurchased	`DecreaseFromRedemptions`	$13.52M	USD	1 Quarter
Common stock repurchased	`DecreaseFromRedemptions`	$52.02M	USD	1 Quarter
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsNet`	$5.98M	USD	1 Quarter
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsNet`	$990.00K	USD	2 Qtrs
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsNet`	$12.05M	USD	2 Qtrs
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsNet`	$75.00K	USD	1 Quarter
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$1.20M	USD	1 Quarter
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-8.54M	USD	2 Qtrs
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-14.28M	USD	2 Qtrs
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-11.82M	USD	1 Quarter
Allocation to redeemable non-controlling interests	`AllocationToRedeemableNonControllingInterests`	$-45.36M	USD	2 Qtrs
Allocation to redeemable non-controlling interests	`AllocationToRedeemableNonControllingInterests`	$14.00K	USD	1 Quarter
Allocation to redeemable non-controlling interests	`AllocationToRedeemableNonControllingInterests`	$-25.46M	USD	1 Quarter
Allocation to redeemable non-controlling interests	`AllocationToRedeemableNonControllingInterests`	$22.00K	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$932.48M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$944.31M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$230.96M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$297.07M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$769.90M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$967.66M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.