10-Q Filing

BROOKFIELD REAL ESTATE INCOME TRUST INC. CIK: 1713407 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001713407-23-000125`
Period End Date	20230930
Filing Date	20231114
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	oak-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 96 Cash Flow Statement 136 Stockholders Equity 48

Balance Sheet 72 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, 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`	$1.55B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	90.17M	shares	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
Investments in real estate, net	`RealEstateInvestments`	$1.58B	USD	Point-in-time
Investments in real estate-related loans and securities, net	`InvestmentsInRealEstateRelatedLoansNet`	$277.22M	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`	$76.99M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$42.35M	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`	$96.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.11M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$31.80M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$14.87M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$18.18M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNet`	$8.38M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNet`	$10.74M	USD	Point-in-time
Other assets	`OtherAssets`	$23.19M	USD	Point-in-time
Other assets	`OtherAssets`	$49.94M	USD	Point-in-time
Total Assets	`Assets`	$2.07B	USD	Point-in-time
Total Assets	`Assets`	$2.15B	USD	Point-in-time
Mortgage loans and secured credit facility, net	`MortgageLoansNet`	$1.05B	USD	Point-in-time
Mortgage loans and secured credit facility, net	`MortgageLoansNet`	$1.06B	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilitiesNet`	$26.46M	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilitiesNet`	$27.48M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAccruedExpensesAndOtherLiabilities`	$44.54M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAccruedExpensesAndOtherLiabilities`	$39.59M	USD	Point-in-time
Subscriptions received in advance	`ContractWithCustomerLiability`	$2.99M	USD	Point-in-time
Subscriptions received in advance	`ContractWithCustomerLiability`	$8.17M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.18B	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`	$990.00K	USD	Point-in-time
Redeemable non-controlling interests attributable to OP unitholders	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.02M	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`	$963.00K	USD	Point-in-time
Preferred stock, $0.01 par value per share, 50,000 shares authorized; no shares issued nor outstanding at September 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 September 30, 2023 and December 31, 2022, respectively	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.05B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.06B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-162.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.71M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$963.21M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$885.51M	USD	Point-in-time
Non-controlling interests attributable to third party joint ventures	`NonControllingInterestsAttributableToThirdPartyJointVentures`	$3.98M	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 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`	$769.90M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$922.50M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$889.87M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$967.66M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$230.96M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.07B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.15B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	90.17M	shares	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	$78.50M	USD	3 Qtrs
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	$29.80M	USD	1 Quarter
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	$96.05M	USD	3 Qtrs
Rental revenues	`OperatingLeasesIncomeStatementLeaseRevenue`	$32.08M	USD	1 Quarter
Other revenues	`OtherIncome`	$3.25M	USD	1 Quarter
Other revenues	`OtherIncome`	$2.53M	USD	1 Quarter
Other revenues	`OtherIncome`	$7.17M	USD	3 Qtrs
Other revenues	`OtherIncome`	$9.45M	USD	3 Qtrs
Total revenues	`Revenues`	$105.50M	USD	3 Qtrs
Total revenues	`Revenues`	$32.33M	USD	1 Quarter
Total revenues	`Revenues`	$35.32M	USD	1 Quarter
Total revenues	`Revenues`	$85.67M	USD	3 Qtrs
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$12.06M	USD	1 Quarter
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$39.94M	USD	3 Qtrs
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$13.33M	USD	1 Quarter
Rental property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$29.64M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.40M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.68M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.15M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
Management fee	`ManagementFeeExpense`	$3.48M	USD	1 Quarter
Management fee	`ManagementFeeExpense`	$6.78M	USD	3 Qtrs
Management fee	`ManagementFeeExpense`	$3.40M	USD	1 Quarter
Management fee	`ManagementFeeExpense`	$10.65M	USD	3 Qtrs
Performance fee	`PerformanceFees1`	$3.68M	USD	1 Quarter
Performance fee	`PerformanceFees1`	-	USD	1 Quarter
Performance fee	`PerformanceFees1`	-	USD	3 Qtrs
Performance fee	`PerformanceFees1`	$11.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.32M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$38.57M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.77M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$95.56M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$35.67M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$97.80M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$31.58M	USD	1 Quarter
Income from real estate-related loans and securities	`InterestLoansRealEstate`	$3.16M	USD	1 Quarter
Income from real estate-related loans and securities	`InterestLoansRealEstate`	$5.65M	USD	3 Qtrs
Income from real estate-related loans and securities	`InterestLoansRealEstate`	$6.14M	USD	1 Quarter
Income from real estate-related loans and securities	`InterestLoansRealEstate`	$17.65M	USD	3 Qtrs
Interest expense	`InterestExpense`	$43.49M	USD	3 Qtrs
Interest expense	`InterestExpense`	$11.13M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.91M	USD	3 Qtrs
Interest expense	`InterestExpense`	$15.06M	USD	1 Quarter
Realized gain (loss) on real estate investments, net	`RealizedInvestmentGainsLosses`	$1.25M	USD	3 Qtrs
Realized gain (loss) on real estate investments, net	`RealizedInvestmentGainsLosses`	$639.00K	USD	3 Qtrs
Realized gain (loss) on real estate investments, net	`RealizedInvestmentGainsLosses`	$742.00K	USD	1 Quarter
Realized gain (loss) on real estate investments, net	`RealizedInvestmentGainsLosses`	$-30.00K	USD	1 Quarter
Realized (loss) gain on financial instruments	`OtherNonoperatingIncomeExpense`	$-4.17M	USD	1 Quarter
Realized (loss) gain on financial instruments	`OtherNonoperatingIncomeExpense`	$-4.07M	USD	3 Qtrs
Realized (loss) gain on financial instruments	`OtherNonoperatingIncomeExpense`	$10.41M	USD	3 Qtrs
Realized (loss) gain on financial instruments	`OtherNonoperatingIncomeExpense`	$3.32M	USD	1 Quarter
Unrealized gain (loss) on investments, net	`UnrealizedGainLossOnInvestments`	$4.50M	USD	1 Quarter
Unrealized gain (loss) on investments, net	`UnrealizedGainLossOnInvestments`	$-7.36M	USD	1 Quarter
Unrealized gain (loss) on investments, net	`UnrealizedGainLossOnInvestments`	$6.06M	USD	3 Qtrs
Unrealized gain (loss) on investments, net	`UnrealizedGainLossOnInvestments`	$-8.37M	USD	3 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$-12.04M	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-7.86M	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-22.60M	USD	3 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$-17.57M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-15.39M	USD	1 Quarter
Net loss	`ProfitLoss`	$-12.65M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-4.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-29.70M	USD	3 Qtrs
Net loss attributable to non-controlling interests in third party joint ventures	`NetIncomeLossAttributableToNoncontrollingInterestsJointVentures`	$-41.00K	USD	1 Quarter
Net loss attributable to non-controlling interests in third party joint ventures	`NetIncomeLossAttributableToNoncontrollingInterestsJointVentures`	$-192.00K	USD	1 Quarter
Net loss attributable to non-controlling interests in third party joint ventures	`NetIncomeLossAttributableToNoncontrollingInterestsJointVentures`	$-64.00K	USD	3 Qtrs
Net loss attributable to non-controlling interests in third party joint ventures	`NetIncomeLossAttributableToNoncontrollingInterestsJointVentures`	$-235.00K	USD	3 Qtrs
Net income attributable to non-controlling interests - preferred stockholders	`NetIncomeLossAttributableToNoncontrollingInterestsPreferredStockholders`	$-24.00K	USD	1 Quarter
Net income attributable to non-controlling interests - preferred stockholders	`NetIncomeLossAttributableToNoncontrollingInterestsPreferredStockholders`	$-45.00K	USD	3 Qtrs
Net income attributable to non-controlling interests - preferred stockholders	`NetIncomeLossAttributableToNoncontrollingInterestsPreferredStockholders`	$-24.00K	USD	3 Qtrs
Net income attributable to non-controlling interests - preferred stockholders	`NetIncomeLossAttributableToNoncontrollingInterestsPreferredStockholders`	-	USD	1 Quarter
Net loss attributable to redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-4.66M	USD	3 Qtrs
Net loss attributable to redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-10.00K	USD	3 Qtrs
Net loss attributable to redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-4.00K	USD	1 Quarter
Net loss attributable to redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-13.00K	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-3.92M	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-25.00M	USD	3 Qtrs
Net loss attributable to stockholders	`NetIncomeLoss`	$-15.36M	USD	1 Quarter
Net loss attributable to stockholders	`NetIncomeLoss`	$-12.45M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.47	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.13	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.13	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.47	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93.56M	shares	3 Qtrs
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	53.14M	shares	3 Qtrs
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.45M	shares	1 Quarter
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.47M	shares	1 Quarter
Weighted average number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.14M	shares	3 Qtrs
Weighted average number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.47M	shares	1 Quarter
Weighted average number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.56M	shares	3 Qtrs
Weighted average number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.45M	shares	1 Quarter

Cash Flow Statement 136 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-15.39M	USD	1 Quarter
Net loss	`ProfitLoss`	$-12.65M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-4.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-29.70M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.32M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$38.57M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.77M	USD	1 Quarter
Management fees	`IncreaseDecreaseInManagementFees`	$-10.65M	USD	3 Qtrs
Management fees	`IncreaseDecreaseInManagementFees`	$-6.78M	USD	3 Qtrs
Performance fees	`IncreaseDecreaseInPerformanceFees`	-	USD	3 Qtrs
Performance fees	`IncreaseDecreaseInPerformanceFees`	$-11.91M	USD	3 Qtrs
Amortization of above and below market leases and lease inducements	`AmortizationOfAboveAndBelowMarketLeases1`	$768.00K	USD	3 Qtrs
Amortization of above and below market leases and lease inducements	`AmortizationOfAboveAndBelowMarketLeases1`	$810.00K	USD	3 Qtrs
Amortization of restricted stock grants	`AmortizationOfRestrictedStockGrants`	$242.00K	USD	3 Qtrs
Amortization of restricted stock grants	`AmortizationOfRestrictedStockGrants`	$242.00K	USD	3 Qtrs
Amortization of deferred financing costs	`OtherAmortizationOfDeferredCharges`	$2.07M	USD	3 Qtrs
Amortization of deferred financing costs	`OtherAmortizationOfDeferredCharges`	$2.40M	USD	3 Qtrs
Amortization of upfront derivative acquisition costs	`AmortizationOfUpfrontDerivativeAcquisitionCosts`	$1.43M	USD	3 Qtrs
Amortization of upfront derivative acquisition costs	`AmortizationOfUpfrontDerivativeAcquisitionCosts`	-	USD	3 Qtrs
Provision for current expected credit losses	`ProvisionForLoanLossesExpensed`	$1.76M	USD	3 Qtrs
Provision for current expected credit losses	`ProvisionForLoanLossesExpensed`	-	USD	3 Qtrs
Amortization of origination fees and discount	`AmortizationOfFinancingCostsAndDiscounts`	$-158.00K	USD	3 Qtrs
Amortization of origination fees and discount	`AmortizationOfFinancingCostsAndDiscounts`	$-70.00K	USD	3 Qtrs
Upfront derivative acquisition costs	`DerivativeAcquisitionCosts`	$10.12M	USD	3 Qtrs
Upfront derivative acquisition costs	`DerivativeAcquisitionCosts`	-	USD	3 Qtrs
Paid-in-kind interest	`PaidInKindInterestNet`	$193.00K	USD	3 Qtrs
Paid-in-kind interest	`PaidInKindInterestNet`	-	USD	3 Qtrs
Realized gain on investments in real estate-related loans and securities	`RealizedInvestmentGainsLosses`	$1.25M	USD	3 Qtrs
Realized gain on investments in real estate-related loans and securities	`RealizedInvestmentGainsLosses`	$639.00K	USD	3 Qtrs
Realized gain on investments in real estate-related loans and securities	`RealizedInvestmentGainsLosses`	$742.00K	USD	1 Quarter
Realized gain on investments in real estate-related loans and securities	`RealizedInvestmentGainsLosses`	$-30.00K	USD	1 Quarter
Unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$4.50M	USD	1 Quarter
Unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-7.36M	USD	1 Quarter
Unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$6.06M	USD	3 Qtrs
Unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-8.37M	USD	3 Qtrs
Distributions of earnings from unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	$2.40M	USD	3 Qtrs
Distributions of earnings from unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	$3.47M	USD	3 Qtrs
Increase in lease inducements and origination costs	`IncreaseDecreaseInOperatingLeaseLiability`	$-527.00K	USD	3 Qtrs
Increase in lease inducements and origination costs	`IncreaseDecreaseInOperatingLeaseLiability`	$-297.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.23M	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$744.00K	USD	3 Qtrs
Increase in accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$9.60M	USD	3 Qtrs
Increase in accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.39M	USD	3 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.89M	USD	3 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.32M	USD	3 Qtrs
Increase in due to affiliates	`IncreaseDecreaseDueFromAffiliates`	$-544.00K	USD	3 Qtrs
Increase in due to affiliates	`IncreaseDecreaseDueFromAffiliates`	$-1.14M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.33M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.16M	USD	3 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstate`	$1.56M	USD	3 Qtrs
Acquisitions of real estate	`PaymentsToAcquireRealEstate`	$545.16M	USD	3 Qtrs
Purchase of real estate-related loans and securities	`PaymentstoAcquireRealEstateRelatedLoans`	$263.96M	USD	3 Qtrs
Purchase of real estate-related loans and securities	`PaymentstoAcquireRealEstateRelatedLoans`	$51.49M	USD	3 Qtrs
Proceeds from sale of real estate-related loans and securities	`ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans`	$87.64M	USD	3 Qtrs
Proceeds from sale of real estate-related loans and securities	`ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans`	$6.02M	USD	3 Qtrs
Proceeds from principal repayments of real estate-related loans and securities	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$4.49M	USD	3 Qtrs
Proceeds from principal repayments of real estate-related loans and securities	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$13.47M	USD	3 Qtrs
Capital improvements to real estate	`PaymentsForTenantImprovements`	$6.82M	USD	3 Qtrs
Capital improvements to real estate	`PaymentsForTenantImprovements`	$11.87M	USD	3 Qtrs
Proceeds from sale of preferred membership interests	`ProceedsFromSaleOfPreferredMembershipInterests`	-	USD	3 Qtrs
Proceeds from sale of preferred membership interests	`ProceedsFromSaleOfPreferredMembershipInterests`	$28.83M	USD	3 Qtrs
Purchase of trading securities	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$181.66M	USD	3 Qtrs
Purchase of trading securities	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$14.87M	USD	3 Qtrs
Proceeds from sale of trading securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$14.88M	USD	3 Qtrs
Proceeds from sale of trading securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$175.82M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-781.63M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$35.40M	USD	3 Qtrs
Borrowings from mortgage loans	`ProceedsFromBorrowingsFromMortgageLoans`	$911.00K	USD	3 Qtrs
Borrowings from mortgage loans	`ProceedsFromBorrowingsFromMortgageLoans`	$584.96M	USD	3 Qtrs
Borrowings from secured credit facility	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	3 Qtrs
Borrowings from secured credit facility	`ProceedsFromIssuanceOfSecuredDebt`	$264.08M	USD	3 Qtrs
Repayment of mortgage loans	`RepaymentOfMortgageLoans`	-	USD	3 Qtrs
Repayment of mortgage loans	`RepaymentOfMortgageLoans`	$214.75M	USD	3 Qtrs
Repayment of secured credit facility	`RepaymentsOfSecuredDebt`	$256.86M	USD	3 Qtrs
Repayment of secured credit facility	`RepaymentsOfSecuredDebt`	-	USD	3 Qtrs
Borrowings from affiliate line of credit	`ProceedsFromLinesOfCredit`	$43.00M	USD	3 Qtrs
Borrowings from affiliate line of credit	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Repayment of affiliate line of credit	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Repayment of affiliate line of credit	`RepaymentsOfLinesOfCredit`	$148.00M	USD	3 Qtrs
Proceeds from issuance of OP units	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	$38.00M	USD	3 Qtrs
Proceeds from issuance of OP units	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	-	USD	3 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$35.00K	USD	3 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$3.78M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$95.98M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$517.20M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$37.11M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$156.66M	USD	3 Qtrs
Subscriptions received in advance	`SubscriptionsReceivedInAdvance`	$2.99M	USD	3 Qtrs
Subscriptions received in advance	`SubscriptionsReceivedInAdvance`	$22.07M	USD	3 Qtrs
Payment of organizational and offering costs	`PaymentsofOfferingCosts`	$5.57M	USD	3 Qtrs
Payment of organizational and offering costs	`PaymentsofOfferingCosts`	$5.58M	USD	3 Qtrs
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$6.00K	USD	3 Qtrs
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$364.00K	USD	3 Qtrs
Contributions from non-controlling interests	`ProceedsFromMinorityShareholders`	$152.00K	USD	3 Qtrs
Contributions from non-controlling interests	`ProceedsFromMinorityShareholders`	$63.00K	USD	3 Qtrs
Distributions	`PaymentsOfCapitalDistribution`	$9.44M	USD	3 Qtrs
Distributions	`PaymentsOfCapitalDistribution`	$20.29M	USD	3 Qtrs
Distributions to non-controlling interests attributable to preferred stockholders	`PaymentsOfOrdinaryDividendsNoncontrollingInterestAttributableToPreferredStockholders`	$24.00K	USD	3 Qtrs
Distributions to non-controlling interests attributable to preferred stockholders	`PaymentsOfOrdinaryDividendsNoncontrollingInterestAttributableToPreferredStockholders`	$45.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-82.58M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$793.47M	USD	3 Qtrs
Net change in cash and cash-equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$67.17M	USD	3 Qtrs
Net change in cash and cash-equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-24.02M	USD	3 Qtrs
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`	$127.96M	USD	Point-in-time
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`	$55.98M	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`	$127.96M	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`	$55.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.11M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$31.80M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$14.87M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$18.18M	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`	$127.96M	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`	$55.98M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$23.41M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$39.00M	USD	3 Qtrs
Accrued distributions	`AccruedDistributions`	$2.11M	USD	3 Qtrs
Accrued distributions	`AccruedDistributions`	$-6.00K	USD	3 Qtrs
Accrued stockholder servicing fee due to affiliate	`AccruedStockholderServicingFee`	$15.00K	USD	3 Qtrs
Accrued stockholder servicing fee due to affiliate	`AccruedStockholderServicingFee`	$14.33M	USD	3 Qtrs
Accrued offering costs	`AccruedOfferingCosts`	$453.00K	USD	3 Qtrs
Accrued offering costs	`AccruedOfferingCosts`	$71.00K	USD	3 Qtrs
Accrued capital improvements	`AccruedBuildingImprovements`	$-487.00K	USD	3 Qtrs
Accrued capital improvements	`AccruedBuildingImprovements`	$165.00K	USD	3 Qtrs
Accrued repurchases of common stock in accounts payable	`AccruedRepurchasesInAccountsPayable`	$4.66M	USD	3 Qtrs
Accrued repurchases of common stock in accounts payable	`AccruedRepurchasesInAccountsPayable`	$6.01M	USD	3 Qtrs
Accrued repurchases of common stock in accounts payable	`AccruedRepurchasesOfCommonStockInDueToAffiliates`	-	USD	3 Qtrs
Accrued repurchases of common stock in accounts payable	`AccruedRepurchasesOfCommonStockInDueToAffiliates`	$3.48M	USD	3 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$932.48M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$769.90M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$922.50M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$889.87M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$967.66M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$230.96M	USD	Point-in-time
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$121.48M	USD	3 Qtrs
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$200.05M	USD	1 Quarter
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$27.10M	USD	1 Quarter
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$832.54M	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$65.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$242.00K	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$161.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$241.00K	USD	3 Qtrs
Distributions Reinvested	`DistributionsReinvested`	$28.69M	USD	3 Qtrs
Distributions Reinvested	`DistributionsReinvested`	$14.39M	USD	3 Qtrs
Distributions Reinvested	`DistributionsReinvested`	$8.43M	USD	1 Quarter
Distributions Reinvested	`DistributionsReinvested`	$9.11M	USD	1 Quarter
Contributions from non-controlling interests	`IncreasefromContributions`	$47.00K	USD	1 Quarter
Contributions from non-controlling interests	`IncreasefromContributions`	$63.00K	USD	3 Qtrs
Contributions from non-controlling interests	`IncreasefromContributions`	$31.00K	USD	1 Quarter
Contributions from non-controlling interests	`IncreasefromContributions`	$152.00K	USD	3 Qtrs
Distributions	`DecreaseFromDistributions`	$14.10M	USD	1 Quarter
Distributions	`DecreaseFromDistributions`	$15.78M	USD	1 Quarter
Distributions	`DecreaseFromDistributions`	$27.70M	USD	3 Qtrs
Distributions	`DecreaseFromDistributions`	$48.98M	USD	3 Qtrs
Common stock repurchased	`DecreaseFromRedemptions`	$59.42M	USD	1 Quarter
Common stock repurchased	`DecreaseFromRedemptions`	$22.36M	USD	1 Quarter
Common stock repurchased	`DecreaseFromRedemptions`	$36.68M	USD	3 Qtrs
Common stock repurchased	`DecreaseFromRedemptions`	$166.14M	USD	3 Qtrs
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsNet`	$17.09M	USD	3 Qtrs
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsNet`	$605.00K	USD	3 Qtrs
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsNet`	$-385.00K	USD	1 Quarter
Offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsNet`	$5.04M	USD	1 Quarter
Net (loss) income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-12.65M	USD	3 Qtrs
Net (loss) income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-15.42M	USD	1 Quarter
Net (loss) income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-29.70M	USD	3 Qtrs
Net (loss) income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-4.11M	USD	1 Quarter
Allocation to redeemable non-controlling interests	`AllocationToRedeemableNonControllingInterests`	$850.00K	USD	1 Quarter
Allocation to redeemable non-controlling interests	`AllocationToRedeemableNonControllingInterests`	$16.00K	USD	3 Qtrs
Allocation to redeemable non-controlling interests	`AllocationToRedeemableNonControllingInterests`	$-44.51M	USD	3 Qtrs
Allocation to redeemable non-controlling interests	`AllocationToRedeemableNonControllingInterests`	$-5.00K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$932.48M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$769.90M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$922.50M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$889.87M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$967.66M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$230.96M	USD	Point-in-time

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