BROOKFIELD REAL ESTATE INCOME TRUST INC. Form 10-K Annual Report Filed 2022-03-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

(Mark One)


☒			ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____ TO _____

Commission File Number: 333-255557

Brookfield Real Estate Income Trust Inc.

(Exact name of registrant as specified in its charter)


Maryland						82-2365593
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

250 Vesey Street, 15th Floor

New York, NY 10281

(Address of principal executive offices) (Zip Code)

(212) 417-7000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐ No X

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes ☐ No X

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes X No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☐

Accelerated filer

☐

Non-accelerated filer

☒

Smaller reporting company

☐

Emerging growth company

☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Yes ☐ No X

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. Yes ☐ No ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

The aggregate market value of the common stock held by non-affiliates of the registrant: No established market exists for the registrant's common stock. As of March 31, 2022, the issuer had the following shares outstanding: 3,916,110 shares of Class I common stock, 24,708,294 shares of Class S common stock, 3,479,275 shares of Class C common stock and 2,521,357 shares of Class E common stock.

DOCUMENTS INCORPORATED BY REFERENCE

Part III of this annual report on Form 10-K incorporates information by reference from the registrant’s definitive proxy statement with respect to its 2022 annual meeting of stockholders to be filed with the Securities and Exchange Commission within 120 days after the close of the registrant’s fiscal year.

TABLE OF CONTENTS



PART I.		1

ITEM 1.	BUSINESS	1

ITEM 1A.	RISK FACTORS	8

ITEM 1B.	UNRESOLVED STAFF COMMENTS	63

ITEM 2.	PROPERTIES	63

ITEM 3.	LEGAL PROCEEDINGS	63

ITEM 4.	MINE SAFETY DISCLOSURES	63

PART II.		64

ITEM 5.	MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES	64

ITEM 6.	RESERVED	74

ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	74

ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	86

ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	87

ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	87

ITEM 9A.	CONTROLS AND PROCEDURES	87

ITEM 9B.	OTHER INFORMATION	88

ITEM 9C.	DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTION	88

PART III.		89

ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	89

ITEM 11.	EXECUTIVE COMPENSATION	89

ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	89

ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE	89

ITEM 14.	PRINCIPAL ACCOUNTANT FEES AND SERVICES	89

PART IV.		90

ITEM 15.	EXHIBITS AND FINANCIAL STATEMENT SCHEDULES	90

ITEM 16.	FORM 10-K SUMMARY	91

SIGNATURES		93

WEBSITE DISCLOSURE

Investors and others should note that we use our website, www.BrookfieldREIT.com, to announce material information to investors and the marketplace. While not all of the information that we post on our website is of a material nature, some information could be deemed to be material. Accordingly, we encourage investors, the media, and others interested in us to review the information that we share on our website. Information contained on, or available through, our website is not incorporated by reference into this document.

PART I.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements about our business, including, in particular, statements about our plans, strategies and objectives. You can generally identify forward-looking statements by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue” or other similar words. These statements include our plans and objectives for future operations, including plans and objectives relating to future growth and availability of funds, and are based on current expectations that involve numerous risks and uncertainties. Assumptions relating to these statements involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to accurately predict and many of which are beyond our control. Although we believe the assumptions underlying the forward-looking statements, and the forward-looking statements themselves, are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that these forward-looking statements will prove to be accurate and our actual results, performance and achievements may be materially different from that expressed or implied by these forward-looking statements. In light of the significant uncertainties inherent in these forward looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans, which we consider to be reasonable, will be achieved.

You should carefully review Item 1A - “Risk Factors” section of this Annual Report on Form 10-K for a discussion of the risks and uncertainties that we believe are material to our business, operating results, prospects and financial condition. Except as otherwise required by federal securities laws, we do not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SUMMARY RISK FACTORS

An investment in shares of our common stock involves significant risks and is intended only for investors with a long-term investment horizon and who do not require immediate liquidity or guaranteed income. If we are unable to effectively manage the impact of these risks, we may not meet our investment objectives. Some of the more significant risks relating to an investment in shares of our common stock include:

•We have a limited operating history, and our operating history should not be relied upon due to the changes to our business resulting from the Adviser Transition (as defined below), including the engagement of the Brookfield REIT Adviser LLC (the "Adviser") and Brookfield Oaktree Wealth Solutions LLC (the “Dealer Manager”) and the changes to our board of directors, our executive officers and our investment portfolio. There is no assurance that we will be able to successfully achieve our investment objectives.

•We have held our current investments for a short period of time and our stockholders will not have the opportunity to evaluate our future investments before we make them, which makes an investment in our common stock more speculative.

•Since there is no public trading market for shares of our common stock, repurchase of shares by us will likely be the only way to dispose of your shares. Our share repurchase plan will provide stockholders with the opportunity to request that we repurchase their shares on a monthly basis, but we are not obligated to repurchase any shares and may choose to repurchase only some, or even none, of the shares that have been requested to be repurchased in any particular month in our discretion. In addition, repurchases will be subject to available liquidity and other significant restrictions. Further, our board of directors may modify or suspend our share repurchase plan if it deems such action to be in our best interest and the best interest of our stockholders. As a result, our shares should be considered as having only limited liquidity and at times may be illiquid.

•We cannot guarantee that we will make distributions, and if we do, we may fund such distributions from sources other than cash flow from operations, and we have no limits on the amounts we may pay from such sources.

•The purchase and repurchase price for shares of our common stock will generally be based on our prior month’s net asset value (“NAV”) and will not be based on any public trading market. While there will be independent annual appraisals of our properties, the appraisal of properties is inherently subjective, and our NAV may not accurately reflect the actual price at which our assets could be liquidated on any given day.

•We have no employees and are dependent on the Adviser to conduct our operations. The Adviser will face conflicts of interest as a result of, among other things, the allocation of investment opportunities among us and Other Brookfield Accounts (as defined below), the allocation of time of its investment professionals and the substantial fees that we will pay to the Adviser.

•Our shares are being offering pursuant to a “best efforts” offering. If we are not able to raise a substantial amount of capital in the near term, our ability to achieve our investment objectives could be adversely affected.

•Principal and interest payments on any borrowings will reduce the amount of funds available for distribution or investment in additional real estate assets. Borrowing also increases our risk of loss and exposure to negative economic effects.

•There are limits on the ownership and transferability of our shares.

•Investing in commercial real estate assets involves certain risks, including but not limited to: tenants’ inability to pay rent; increases in interest rates and lack of availability of financing; tenant turnover and vacancies; and changes in supply of or demand for similar properties in a given market.

•Our operating results will be affected by global and national economic and market conditions generally and by the local economic conditions where our properties are located, including changes with respect to rising vacancy rates or decreasing market rental rates, fluctuations in the average occupancy, inability to lease space on favorable terms, bankruptcies, financial difficulties or lease defaults by our tenants, and changes in government rules, regulations and fiscal policies, such as property taxes, zoning laws, limitations on rental rates, and compliance costs with respect to environmental and other laws.

•The coronavirus (“COVID-19”) pandemic may have an adverse impact on our NAV, results of operations, cash flows and fundraising, ability to source new investments, obtain financing, fund distributions to stockholders and satisfy repurchase requests, among other factors.

•If we fail to maintain our qualifications as a real estate investment trust (“REIT”) and no relief provisions apply, our NAV and cash available for distribution to our stockholders could materially decrease as a result of being subject to corporate income tax.

ITEM 1. BUSINESS

References herein to “Brookfield Real Estate Income Trust,” the “Company,” “we,” “us,” or “our” refer to Brookfield Real Estate Income Trust Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise.

History and Development of the Company

We are a Maryland corporation formed on July 27, 2017 to invest in commercial real estate. We seek to acquire well-located, high quality commercial assets that generate strong current cash flow and could further appreciate in value through our proactive, best-in-class portfolio management strategies. We qualified as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”) for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2019. We are structured as an Umbrella Partnership Real Estate Investment Trust (“UPREIT”), which means that we own substantially all of our assets through its operating partnership, Brookfield REIT Operating Partnership L.P. (the “Operating Partnership”). We are externally managed by the Adviser, an affiliate of Brookfield Asset Management Inc. (together with its affiliates, “Brookfield”). Prior to the Adviser Transition that occurred on November 2, 2021, we were externally managed by Oaktree Fund Advisors, LLC (the “Sub-Adviser” or the "Oaktree Adviser"), an affiliate of Oaktree Capital Management, L.P (together with its affiliates, “Oaktree”).

On July 15, 2021, we entered into an adviser transition agreement (the “Adviser Transition Agreement”) with the Adviser and the Oaktree Adviser. Pursuant to the Adviser Transition Agreement, we consummated a series of related transactions and actions that we refer to collectively as the “Adviser Transition,” including, but not limited to, the following: (i) the resignation of Oaktree Adviser as our adviser and the engagement of the Adviser as our adviser; (ii) the engagement of the Sub-Adviser to (x) manage certain of our real estate properties (the “Equity Option Investments”) and real estate-related debt investments (the “Debt Option Investments” and, together with the Equity Option Investments, the “Oaktree Option Investments”) that we acquired prior to the consummation of the Adviser Transition and (y) select and manage our liquid assets (cash, cash equivalents, other short-term investments, U.S. government securities, agency securities, corporate debt, liquid real estate-related equity or debt securities and other investments for which there is reasonable liquidity) (the “Liquidity Sleeve”); (iii) the filing of an amendment to our charter to change our name from “Oaktree Real Estate Income Trust, Inc.” to “Brookfield Real Estate Income Trust Inc.”; (iv) our entry into an Option Investments Purchase Agreement (the “Option Investments Purchase Agreement”) with the Oaktree Adviser, pursuant to which the Oaktree Adviser may purchase the Operating Partnership's entire interest in the Equity Option Investments or the Debt Option Investments, or both, subject to certain restrictions; (v) the contribution of certain properties to the Operating Partnership by Brookfield in exchange for shares of our Class E common stock and Class E units of the Operating Partnership; (vi) the disposition of certain of our existing real estate properties and real estate-related debt investments; (vii) the engagement of the Dealer Manager; (viii) the resignation of members and the appointment of new members of our board of directors; (ix) the resignation of certain of our executive officers and the

appointment of certain new executive officers; (x) the filing of Articles Supplementary to our charter designating a new class of common stock as Class E shares; and (xi) the termination of our line of credit with Oaktree Fund GP I, L.P. (the “Oaktree Investor”), an affiliate of Oaktree, and our entry into a credit agreement with an affiliate of Brookfield providing for a new line of credit.

On April 30, 2018, the Securities and Exchange Commission (the “SEC”), declared effective our registration statement on Form S-11 (File No. 333-223022) for our initial public offering of up to $1,600,000,000 in shares in our primary offering and up to $400,000,000 in shares pursuant to our distribution reinvestment plan (the “Initial Public Offering”). As of December 6, 2019, we had satisfied the minimum offering requirement for the Initial Public Offering and our board of directors authorized the release of proceeds from escrow. As of such date, the escrow agent released gross proceeds of approximately $150.0 million (including approximately $86.9 million that was funded by the Oaktree Investor) to us in connection with the sale of shares of our common stock.

On November 2, 2021, the SEC declared effective our registration statement on Form S-11 (File No. 333-255557) for our follow-on public offering of up to $6,000,000,000 in shares in our primary offering and up to $1,500,000,000 in shares pursuant to our distribution reinvestment plan (the “Follow-On Public Offering” or the "Offering"). The Initial Public Offering terminated upon the commencement of the Follow-On Public Offering.

Pursuant to the Follow-On Public Offering, we are offering to sell any combination of four classes of shares of our common stock, Class T shares, Class S shares, Class D shares and Class I shares, with a dollar value up to the maximum offering amount. The share classes have different upfront selling commissions and ongoing stockholder servicing fees. The purchase price per share for each class of common stock in the Follow-On Public Offering will vary and will generally equal our prior month’s NAV per share, as determined monthly, plus applicable upfront selling commissions and dealer manager fees.

As of March 31, 2022, we had received aggregate offering proceeds of $379,629,994 from selling an aggregate 34,625,036 shares of our common stock (consisting of 24,708,294 Class S shares, 3,916,110 Class I shares, 3,479,275 Class C shares and 2,521,357 Class E shares). We have primarily used the net proceeds to make investments in real estate, real estate-related debt and real estate-related securities.

Business Overview

Our primary investment objectives are to:

•Provide sustainable, stable income in the form of regular cash distributions to our stockholders;

•Protect and preserve invested capital;

•Generate appreciation from asset and market selection and hands-on direct property operations to grow cash flows; and

•Provide an investment alternative for stockholders seeking to allocate a portion of their long-term investment portfolios to high-quality commercial and residential real estate with lower volatility than publicly traded companies.

Our investment strategy is to invest in a diversified portfolio of:

•Income-producing real estate: High-quality properties in desirable locations – primarily income-producing U.S. commercial real estate with upside potential through active asset management;

•Real estate-related debt: Performing real estate debt, primarily commercial first mortgages and mezzanine loans; and

•Real estate-related securities: Real estate-related securities, structured products and cash equivalents for purposes of liquidity management.

We anticipate approximately 80% of our portfolio (potentially ranging between 65% and 90%) will be comprised of income-producing real estate, and approximately 20% of our portfolio (potentially ranging between 10% and 35%) will be comprised of real estate-related debt and real estate-related securities. We expect that our real property investments will primarily be concentrated in multifamily properties, with the balance held in logistics, office and alternative sector assets, including studio/creative real estate and single-family rental homes. We may selectively invest in grocery-anchored retail properties, limited service or extended-stay hotel properties and additional alternative real estate sectors where we have meaningful capabilities such as self-storage, life sciences, senior living, and student housing. The majority of our portfolio will be concentrated in the United States, but we may selectively invest in large global cities where our sponsor, Brookfield, has comprehensive capabilities, such as Toronto, London, Sydney and Seoul. We expect that our real property investments will generally be fee simple interests, but may also include leasehold interests. Importantly, the percentage of our portfolio that is invested in each investment type may vary from time to time due to factors such as larger inflows of capital over a short period of time, availability of attractive investment opportunities or an increase in anticipated cash requirements for our share repurchase plan.

We seek to achieve attractive risk-adjusted returns through investments in real estate assets with an emphasis on stable current income and long-term growth potential. Consistent with Brookfield's and Oaktree’s shared investment philosophy, we seek to

achieve attractive returns and mitigate downside risk by identifying price discounts relative to intrinsic value and replacement cost. Our real estate-related debt strategy seeks to achieve high current income and superior risk-adjusted returns. Our real estate-related debt investments focus on performing real estate-related debt where the investment strategy is not intended to result in real estate ownership. Investments are anticipated to include agency securities, commercial mortgage backed securities (“CMBS”), residential mortgage-backed securities, mezzanine loans, commercial first mortgages, residential mortgages, subordinated secured debt, and real estate-related corporate debt.

Our investments in real estate-related securities, in addition to serving our investment purposes, will also provide a source of liquidity for our share repurchase plan and cash management.

Our Adviser

We are externally managed by the Adviser, Brookfield REIT Adviser LLC. The Adviser is an affiliate of Brookfield, our sponsor. Pursuant to an advisory agreement among us, the Operating Partnership and the Adviser (the “Advisory Agreement”), the Adviser is responsible for implementing our investment strategy, which includes making investment decisions in constructing our portfolio and providing related portfolio management services, in accordance with our investment guidelines, policies and objectives and limitations, subject to oversight by our board of directors. The Adviser is also responsible for oversight over our other service providers. For so long as the Advisory Agreement is in effect, the Adviser has the right to nominate, subject to the approval of such nomination by our board of directors, four affiliated directors to the slate of directors to be voted on by the stockholders at our annual meeting of stockholders; provided, however, that such number of director nominees shall be reduced as necessary by a number that will result in a majority of directors being independent directors. Our board of directors must also consult with the Adviser in connection with (i) its selection of each independent director for nomination to the slate of directors to be voted on at the annual meeting of stockholders, and (ii) filling any vacancies created by the removal, resignation, retirement or death of any director. The Adviser performs its duties as a fiduciary under the Advisory Agreement.

Our Sub-Adviser

The Adviser has engaged the Sub-Adviser, Oaktree Fund Advisors, LLC as our sub-adviser to (i) perform the functions related to selecting and managing the Liquidity Sleeve pursuant to a sub-advisory agreement (the "Liquidity Sleeve Sub-Advisory Agreement") and (ii) manage the Oaktree Option Investments pursuant to a separate sub-advisory agreement (together with the Liquidity Sleeve Sub-Advisory Agreement, the “Sub-Advisory Agreements”).

Pursuant to the Liquidity Sleeve Sub-Advisory Agreement, the Sub-Adviser provides services related to the acquisition, management and disposition of the Liquidity Sleeve in accordance with our investment objectives, strategy, guidelines, policies and limitations. Pursuant to the Oaktree Assets Sub-Advisory Agreement, the Sub-Adviser manages the Oaktree Option Investments. The fees paid to the Sub-Adviser pursuant to the Sub-Advisory Agreements will not be paid by us, but will instead be paid by the Adviser out of the management and performance fees that we pay to the Adviser. The Sub-Adviser performs its duties and serves as a fiduciary under the Sub-Advisory Agreements.

Our Sponsor

Brookfield is a leading global alternative asset manager with approximately $690 billion of assets under management as of December 31, 2021, across real estate, infrastructure, renewable power and transition, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which help support the backbone of today’s global economy. Brookfield uses its global reach, access to large-scale capital and operational expertise to offer a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

The Dealer Manager

Brookfield Oaktree Wealth Solutions LLC serves as the dealer manager for the Follow-On Public Offering. The Dealer Manager was formed in 2021 and is a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and an affiliate of the Adviser. The Dealer Manager manages our relationships with participating broker-dealers and financial advisors, and coordinates marketing and distribution efforts with participating broker-dealers and their registered representatives with respect to communications related to the terms of the offering, our investment strategies, material aspects of our operations and subscription procedures.

The Operating Partnership

We own substantially all of our interests in our investments through Brookfield REIT Operating Partnership LP, a Delaware limited partnership, or its subsidiaries. Brookfield REIT OP GP LLC, our wholly-owned subsidiary, is the sole general partner of the Operating Partnership. We contribute substantially all the proceeds received from our public and private offerings of common stock to the Operating Partnership in exchange for partnership units, representing our interest as a limited partner of the Operating Partnership. The use of our Operating Partnership to hold all of our assets is referred to as an UPREIT. Using an UPREIT structure may give us an advantage in acquiring properties from persons who want to defer recognizing a gain for U.S. federal income tax purposes.

Allocation of Investment Opportunities

Investment opportunities identified by the Adviser and its affiliates that are within the scope of our investment objectives and strategy generally are expected to be presented to us. Notwithstanding the foregoing, the other investment funds, REITs, vehicles, accounts, products and other similar arrangements for which Brookfield currently acts, or will act in the future, as sponsor, general partner or manager to, or otherwise participate in, including proprietary accounts (“Other Brookfield Accounts”), in certain cases, will have overlapping investment objectives with us or priority over us with respect to investment opportunities that meet both our and such Other Brookfield Account’s investment objectives.

Where our investment objectives overlap with the investment objectives of one or more Other Brookfield Accounts, investment opportunities will be allocated on a basis that Brookfield believes is fair and equitable taking into account various factors (the “Allocation Principles”), including (a) the size, nature, location and type of the investment opportunity (including the risk and return profiles of the investment and expected holding period and other attributes), (b) the nature of the investment focus, objectives, and strategies and target rates of return and target income streams of our company and such Other Brookfield Accounts (including the investment guidelines and limitations governing our company and such Other Brookfield Accounts), (c) the relative amounts of capital available for investment, (d) principles of diversification of assets, (e) the expected future capacity of our company and Other Brookfield Accounts, (f) cash and liquidity needs, including for pipeline, follow-on and other opportunities pursued by our company and such Other Brookfield Accounts, (g) the availability of other appropriate or similar investment opportunities and (h) other considerations deemed relevant by Brookfield (including legal, regulatory, tax, structuring, compliance, investment specific, timing and similar considerations). The factors considered by Brookfield in allocating investments among our company and Other Brookfield Accounts are expected to change over time (including to consider new, additional factors) and different factors are likely to be emphasized or be considered less relevant with respect to different investments. In some cases this will result in certain transactions being shared among our company and one or more Other Brookfield Accounts, while in other cases it will result in our company or one or more Other Brookfield Accounts being excluded from an investment entirely.

In particular, Other Brookfield Accounts include an open-end private fund whose primary objective is to seek investments in high-quality properties located primarily in major markets in the United States, and other open-end private funds with similar investment strategies in other parts of the world, including Europe and Australia (collectively, the “Open-Ended Core Plus Funds”). Investment opportunities that are appropriate for the Open-Ended Core Plus Funds often require asset management or repositioning activities that are generally expected to result in greater appreciation potential than investment opportunities that are allocated to us, but in many cases will not be expected to generate sufficient stable current income to be consistent with our investment objectives and strategy. However, since the Open-Ended Core Plus Funds’ investment objectives do overlap with ours, we expect that from time to time investment opportunities that fit the investment criteria of both us and one of the Open-Ended Core Plus Funds will arise. Such opportunities will be allocated in accordance with the Allocation Principles. In addition, Brookfield manages certain Other Brookfield Accounts that invest in real estate debt. Brookfield generally expects to offer debt investment opportunities to its real estate debt funds before offering them to us because, while we expect to selectively invest in real estate debt, our investment strategy focuses primarily on equity investments. Brookfield also manages Other Brookfield Accounts that target “opportunistic” returns, Other Brookfield Accounts that focus on real estate secondary investments (which include, among other things, investments in pooled investment vehicles managed by third parties or recapitalization of third-party managed investment vehicles (in whole or in part)) and Other Brookfield Accounts that focus on single family rental properties, each of which is expected to receive allocations of investment opportunities suitable for their investment mandates before such opportunities are offered to us.

Further, Brookfield may source future investment opportunities related to, or arising from, an existing investment, and such future investment opportunities may be allocated to an Other Brookfield Account instead of us because of timing or other considerations, such as lack of required available funds. These subsequent investments may dilute or otherwise adversely affect our interests or the interests of the previously invested Other Brookfield Account. As a result of the foregoing, opportunities sourced by Brookfield that would otherwise be suitable for us may not be available to us, or we may receive a smaller allocation of such opportunities than would otherwise have been the case.

Leverage

Subject to maintaining our REIT qualification, we expect that we will use leverage. Our target leverage ratio is within the 50% to 60% range of our gross real estate assets (measured using the greater of fair market value and purchase price, including equity in our securities portfolio), inclusive of property-level and entity-level debt (i.e., debt incurred by us or the Operating Partnership), net of cash, but excluding debt on our securities portfolio. There is, however, no limit on the amount we may borrow with respect to any individual property or portfolio.

We have limits in our charter prohibiting us from borrowing more than 300% of our net assets, which approximates borrowing 75% of the cost of our investments. We may exceed this limit if a majority of our independent directors approves each borrowing in excess of the limit and we disclose the justification for doing so to our stockholders.

Financing a portion of the purchase price of our assets will allow us to broaden our portfolio by increasing the funds available for investment. Financing a portion of the purchase price is not free from risk, however, as using debt requires us to pay interest and principal, referred to as “debt service,” all of which decrease the amount of cash available for distribution to our stockholders or other purposes. We may also be unable to refinance the debt at maturity on favorable or equivalent terms, if at all, exposing us to the potential risk of loss with respect to assets pledged as collateral for loans. Certain of our debt is floating rate and the effective interest rates on such debt will increase when the relevant interest benchmark increases.

Investments in Real Estate

The following table details the Company's properties as of December 31, 2021:


Investment(1)	Location	Type	Acquisition Date	Square Feet/Units	Ownership Percentage(2)	Purchase Price(3)
Anzio Apartments	Atlanta, GA	Multifamily	Apr-19	448	90.0%	$	59.2

Arbors of Las Colinas	Dallas, TX	Multifamily	Dec-20	408	90.0%	63.5
1110 Key Federal Hill	Baltimore, MD	Multifamily	Sep-21	224	100.0%	73.6
Domain	Orlando, FL	Multifamily	Nov-21	324	100.0%	74.1
The Burnham	Nashville, TN	Multifamily	Nov-21	328	100.0%	129.0
Flats on Front	Wilmington , NC	Multifamily	Dec-21	273	100.0%	97.5
Verso Apartments	Beaverton, OR	Multifamily	Dec-21	172	100.0%	74.0
Two Liberty Center	Arlington, VA	Office	Aug-19	179,000	96.5%	91.2
Lakes at West Covina	Los Angeles, CA	Office	Feb-20	177,000	95.0%	41.0
Principal Place(4)	London, UK	Office	Nov-21	644,000	20.0%	99.8
6123-6227 Monroe Ct	Morton Grove, IL	Logistics	Nov-21	208,000	100.0%	17.2
8400 Westphalia Road	Upper Marlboro, MD	Logistics	Nov-21	100,000	100.0%	27.0
McLane Distribution Center	Lakeland, FL	Logistics	Nov-21	211,000	100.0%	27.3
DreamWorks Animation Studios	Glendale, CA	Alternatives	Dec-21	497,000	100.0%	326.5
Single Family Rental Portfolio	Various	Alternatives	Various	14	100.0%	3.8
						$	1,204.7


(1)			Includes our consolidated property investments and our unconsolidated investment in Principal Place.
(2)			The joint venture agreements entered into by the Company provide the other partner a profits interest based on certain internal rate of return hurdles being achieved. Such investments are consolidated by us and any profits interest due to the other partner is reported within non-controlling interests.
(3)			Purchase price in millions. Excludes acquisition costs.
(4)			Purchase price represents our initial equity investment in the joint venture of £73.3 million GBP converted to USD using the spot rate on the acquisition date.

Investments in Real Estate-Related Loans and Securities

The following tables detail the Company's investments in real estate-related debt and real estate-related securities as of December 31, 2021:

Real Estate-Related Loans

Investment

Collateral

Interest Rate(1)

Maturity Date

Payment Terms(2)

Prior Liens

Face Amount

Unamortized Discount

Carrying Amount

IMC/AMC Bond Investment

International Markets Center
AmericasMart Atlanta

L+6.15%

December 2023

Principal due at maturity

$1.643 billion(3)

25,000,000

(163,601)

24,836,399

111 Montgomery(4)

The 111 Montgomery Street Condominium
Brooklyn, New York

L+7.00%

February 2024

Principal due at maturity

none

1,439,853

(91,409)

1,348,444

The Avery Senior Loan(4)

The Avery Condominium
San Francisco, California

L+7.30%

February 2024

Principal due at maturity

none

7,655,908

(65,170)

7,590,738

The Avery Mezzanine Loan(4)

The Avery Condominium
San Francisco, California

L+12.50%

February 2024

Principal due at maturity

$200.1 million(5)

1,802,408

(14,619)

1,787,789

35,898,169

(334,799)

35,563,370


(1)			The term "L" refers to the one-month US dollar-denominated London Interbank Offer Rate ("LIBOR"). As of December 31, 2021, one-month LIBOR was equal to 0.10%.
(2)			There are no delinquent principal or interest payments as of December 31, 2021.
(3)			The IMC/AMC Bond Investment is subordinate to a $1.15 billion first mortgage on properties owned by IMC and a $493 million first mortgage on properties owned by AMC.
(4)			The Company’s investment is held through its membership interest in an entity which aggregates the Company’s interest with interests held by other funds managed by the Sub-Adviser. The Company has been allocated its proportionate share of the loan based on its membership interest in the aggregating entity.
(5)			The Avery Mezzanine Loan is subordinate to an Oaktree first mortgage loan of $200.1 million.

Real Estate-Related Securities

Investment

Collateral

Interest Rate(1)

Maturity Date

Payment Terms

Face Amount

Fair Value

BX 2019 IMC G

International Markets Center and AmericasMart Atlanta

L+3.60%

4/15/34

Principal due at maturity

3,700,000

3,614,530

CGCMT 2020-WSS F

WoodSpring Suites Extended Stay Hotel

L+2.71%

2/16/27

Principal due at maturity

3,160,000

3,000,378

BAMLL 2021-JACX F

The JACX Office Towers Queens, NY

L+5.00%

9/15/38

Principal due at maturity

5,100,000

BX 2021 SDMF J

San Diego Multifamily Portfolio

L+4.03%

9/15/23

Principal due at maturity

7,800,000

7,796,100

19,760,000

19,511,008


(1)			The term "L" refers to the one-month LIBOR. As of December 31, 2021, one-month LIBOR was equal to 0.10%.

Taxation of the Company

We qualified as a REIT under the Code for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2019. We generally must distribute annually at least 90% of our taxable net income, subject to certain adjustments and excluding any net capital gain, in order for U.S. federal income tax not to apply to our earnings that we distribute. To the extent that we satisfy this distribution requirement, but distribute less than 100% of our net taxable income, we will be subject to U.S. federal income tax on our undistributed taxable income. In addition, we will be subject to a 4% nondeductible excise tax if the actual amount that we pay out to our stockholders in a calendar year is less than a minimum amount specified under U.S. federal tax laws.

Regulation

As an owner of real estate, we are subject to various environmental, securities, tax, property, housing (including laws related to rent and tenant rights) and other laws of federal, state and local governments. Compliance with federal, state and local laws is not expected to have a material, adverse effect on our business, assets, results of operations, financial condition and ability to pay distributions, and we do not expect to incur material expenditures to comply with these laws and regulations.

Competition

The activity of identifying, completing and realizing attractive real estate and real estate-related investments is highly competitive. We face competition for investments from other real estate investment vehicles, as well as individuals and companies, publicly-traded REITs, financial institutions (such as mortgage banks and pension funds), hedge funds and investment funds affiliated with other financial sponsors or institutional real estate investors, private equity and debt investors, and credit vehicles. Further, over the past several years, many real estate funds and publicly traded REITs have been formed (and many such existing funds have grown in size) for the purpose of investing in real estate assets and real estate debt. In recent years, hedge funds and other participants have also become increasingly active in the private mezzanine market. Other Brookfield Accounts, particularly those with investment strategies that overlap with ours, may create competition for investment opportunities. Many of these entities may have greater access to capital to make investments than we have. In the face of this competition, we have access to our Adviser’s and Brookfield’s professionals and their industry expertise and relationships, which we believe provide us with a competitive advantage and help us source, evaluate and compete for potential investments. We believe these relationships will enable us to compete more effectively for attractive investment opportunities.

Human Capital

We do not currently have any employees and rely on our Adviser to provide us with investment advisory services. These services are provided by individuals who are employees of our Adviser or one of its affiliates and each of our officers is an employee of our Adviser or one of its affiliates. Our executive officers also serve as officers of our Adviser and certain of its affiliates. Our Adviser is responsible for administering our business activities and day-to-day operations and providing us our executive management team, principal investment team and appropriate support personnel. Pursuant to the Advisory Agreement, our Adviser is entitled to receive a base management fee, a performance fee and expense reimbursements.

Conflicts of Interest

We are subject to conflicts of interest arising out of our relationship with Brookfield, including the Adviser and its affiliates. See Item 1A - “Risk Factors - Risks Related to our Relationship with Brookfield.”

Available Information

Stockholders may obtain copies of our filings with the SEC, free of charge, from the website maintained by the SEC at www.sec.gov or from our website at www.BrookfieldREIT.com. We are providing the address to our website solely for the information of investors. The information on our website is not part of or incorporated by reference into this report.

ITEM 1A. RISK FACTORS

Risks Related to Our Organizational Structure

We have a history of net losses and an accumulated deficit.

We had an accumulated deficit of $23,608,973 as of December 31, 2021. We also had net losses attributable to stockholders under U.S. Generally Accepted Accounting Principles ("GAAP") of $2,437,851 and $4,722,878 for the years ended December 31, 2020 and 2019, respectively. It is possible that we will continue to experience net losses and to accumulate additional deficits, which may negatively affect the value of our shares of common stock.

We have a limited operating history, and our operating history should not be relied upon due to the changes to our business resulting from the Adviser Transition, including the engagement of the Adviser and the Dealer Manager and the changes to our board of directors, our executive officers and our investment portfolio. There is no assurance that we will be able to successfully achieve our investment objectives.

We have a limited operating history and we may not be able to achieve our investment objectives. In addition, our operating history should not be relied upon due to the changes to our business resulting from the Adviser Transition, including the engagement of the Adviser and the Dealer Manager and the changes to our board of directors, our executive officers and our investment portfolio. We cannot assure you that the past experiences of affiliates of the Adviser will be sufficient to allow us to successfully achieve our investment objectives. As a result, an investment in our shares of common stock may entail more risk than the shares of common stock of a REIT with a substantial operating history.

While our investment strategy and the investment programs of Other Brookfield Accounts each involve real estate-related investments and overlapping personnel, each of these accounts and strategies has distinct investment activities. Brookfield’s experience in managing Other Brookfield Accounts is not necessarily applicable to us. There can be no assurance that we will be able to successfully identify, make and realize upon any particular investment or generate returns for our investors (or that such returns will be commensurate with the risks associated with an investment in us). Furthermore, there can be no assurance that our investors will receive any distributions from us. Accordingly, an investment in us should only be considered by investors who can afford a loss of their entire investment

We have held our current investments for a short period of time and our stockholders will not have the opportunity to evaluate our future investments before we make them, which makes an investment in our common stock more speculative.

We have held our current investments for a limited period of time and are not able to provide you with any information to assist you in evaluating the merits of any specific properties or real estate-related securities that we may acquire in the future, except for investments that may be described in one or more supplements to the prospectus for the Offering. We will continue to seek to invest substantially all of the net offering proceeds from the Offering, after the payment of fees and expenses, in the acquisition of or investment in interests in properties and real estate-related investments. However, because investors will be unable to evaluate the economic merit of our investments before we make them, investors will have to rely entirely on the ability of the Adviser to select suitable and successful investment opportunities. There can be no assurance that the Adviser will be successful in obtaining suitable investments or that, if such investments are made, our investment objectives will be achieved. Furthermore, the Adviser has broad discretion in selecting the properties we will invest in and the tenants of those properties, and investors will not have the opportunity to evaluate potential investments. These factors increase the risk that an investment in our common stock may not generate returns comparable to other real estate investment alternatives.

The Adviser manages our portfolio pursuant to very broad investment guidelines and generally is not required to seek the approval of our board of directors for each investment, financing or asset allocation decision made by it, which may result in our making riskier investments and which could adversely affect our results of operations and financial condition.

Our board of directors has approved very broad investment guidelines that delegate to the Adviser the authority to execute acquisitions and dispositions of real estate properties and real estate-related investments on our behalf, in each case so long as such investments are consistent with the investment guidelines and our charter. There can be no assurance that the Adviser will be successful in applying any strategy or discretionary approach to our investment activities. Our current investments may not be representative of our future investments. Our board of directors (including our independent directors) will review our investment guidelines on an annual basis (or more often as it deems appropriate) and our investment portfolio periodically. The prior approval of our board of directors or a committee of independent directors will be required only as set forth in our charter (including for transactions with affiliates of the Adviser) or for the acquisition or disposition of assets that are not in accordance with our investment guidelines. In addition, in conducting periodic reviews, our directors will rely primarily on information provided to them by the Adviser. Furthermore, transactions entered into on our behalf by the Adviser may be costly, difficult or impossible to unwind when they are subsequently reviewed by our board of directors.

There is no public trading market for shares of our common stock; therefore, stockholders' ability to dispose of our shares will likely be limited to repurchase by us. If stockholders do sell their shares to us, they may receive less than the price they paid.

There is no current public trading market for shares of our common stock, and we do not expect that such a market will ever develop. Therefore, repurchase of shares by us will likely be the only way for stockholders to dispose of their shares. We will repurchase shares at a price equal to the transaction price of the class of shares being repurchased on the date of repurchase (which will generally be equal to our prior month’s NAV per share), and not based on the price at which stockholders initially purchased their shares. Subject to limited exceptions, shares repurchased within one year of the date of issuance will be repurchased at 98% of the transaction price (the "Early Repurchase Deduction"). As a result, stockholders may receive less than the price they paid for their shares when they sell them to us pursuant to our share repurchase plan.

Repurchases through our share repurchase plan are limited. We may choose to repurchase fewer shares than have been requested to be repurchased, in our discretion at any time, and the amount of shares we may repurchase is subject to caps. Further, our board of directors may modify or suspend our share repurchase plan if it deems such action to be in our best interest and the best interest of our stockholders.

We may choose to repurchase fewer shares than have been requested in any particular month to be repurchased under our share repurchase plan, or none at all, in our discretion at any time. We may repurchase fewer shares than have been requested to be repurchased due to lack of readily available funds because of adverse market conditions beyond our control, the need to maintain liquidity for our operations or because we have determined that investing in real property or other illiquid investments is a better use of our capital than repurchasing our shares. In addition, the total amount of shares that we will repurchase will be limited, in any calendar month, to shares whose aggregate value (based on the repurchase price per share on the date of the repurchase) is no more than 2% of our aggregate NAV as of the last day of the previous calendar month and, in any calendar quarter, to shares whose aggregate value is no more than 5% of our aggregate NAV as of the last day of the previous calendar quarter. Further, our board of directors may modify or suspend our share repurchase plan if it deems such action to be in our best interest and the best interest of our stockholders. If the full amount of all shares of our common stock requested to be repurchased in any given month is not repurchased, funds will be allocated pro rata based on the total number of shares of common stock being repurchased without regard to class and subject to the volume limitation. All unsatisfied repurchase requests must be resubmitted after the start of the next month or quarter, or upon the recommencement of the share repurchase plan, as applicable.

The vast majority of our assets will consist of properties that cannot generally be readily liquidated without impacting our ability to realize full value upon their disposition. Therefore, we may not always have a sufficient amount of cash to immediately satisfy repurchase requests. Should repurchase requests, in our judgment, place an undue burden on our liquidity, adversely affect our operations or risk having an adverse impact on us as a whole, or should we otherwise determine that investing our liquid assets in real properties or other illiquid investments rather than repurchasing our shares is in the best interests of us as a whole, then we may choose to repurchase fewer shares than have been requested to be repurchased, or none at all. Furthermore, our board of directors may agree for the benefit of one or more of our stockholders to restrict repurchases in a manner that is intended to result in our being treated as a “domestically controlled” REIT within the meaning of Section 897(h)(4)(B) of the Code. Because we are not required to authorize the recommencement of the share repurchase plan within any specified period of time, we may effectively terminate the plan by suspending it indefinitely. As a result, stockholders' ability to have their shares repurchased by us may be limited and at times stockholders may not be able to liquidate their investment.

Economic events that may cause our stockholders to request that we repurchase their shares may materially adversely affect our cash flow and our results of operations and financial condition.

Economic events affecting the U.S. economy, such as the general negative performance of the real estate sector, could cause our stockholders to seek to sell their shares to us pursuant to our share repurchase plan at a time when such events are adversely affecting the performance of our assets. Even if we decide to satisfy all resulting repurchase requests, our cash flow could be materially adversely affected. In addition, if we determine to sell assets to satisfy repurchase requests, we may not be able to realize the return on such assets that we may have been able to achieve had we sold at a more favorable time, and our results of operations and financial condition, including, without limitation, breadth of our portfolio by property type and location, could be materially adversely affected.

The amount and source of distributions we may make to our stockholders is uncertain, and we may be unable to generate sufficient cash flows from our operations to make distributions to our stockholders at any time in the future.

We have not established a minimum distribution payment level, and our ability to make distributions to our stockholders may be adversely affected by a number of factors, including the risk factors described in this report. Our board of directors (or a duly authorized committee of our board of directors) will make determinations regarding distributions based upon, among other factors, our financial performance, debt service obligations, debt covenants, REIT qualification and other tax considerations, Investment Company Act of 1940, as amended (the “Investment Company Act”) exemptions, capital expenditure requirements and applicable law. Among the factors that could impair our ability to make distributions to our stockholders are:

•the limited size of our portfolio in the early stages of our development;

•our inability to invest the proceeds from sales of our shares on a timely basis in income-producing properties;

•our inability to realize attractive risk-adjusted returns on our investments;

•high levels of expenses or reduced revenues that reduce our cash flow or non-cash earnings; and

•defaults in our investment portfolio or decreases in the value of our investments.

As a result, we may not be able to make distributions to our stockholders at any time in the future, and the level of any distributions we do make to our stockholders may not increase or even be maintained over time, any of which could materially and adversely affect the value of our shares. For the year ended December 31, 2021, 100% of our distributions were funded by cash flows from operations.

We may pay distributions and fund share repurchases from sources other than our cash flow from operations and we have no limits on the amounts we may pay from such sources.

We may not generate sufficient cash flow from operations to fully fund distributions to stockholders, particularly during the early stages of our operations. Therefore, particularly in the earlier part of the Offering, we may fund distributions to our stockholders from sources other than cash flow from operations. Similarly, we may fund share repurchases from sources other than our cash flow from operations. The extent to which we pay distributions and fund share repurchases from sources other than cash flow from operations will depend on various factors, including the level of participation in our distribution reinvestment plan, level of share repurchase requests, the extent to which the Adviser elects to receive its management or performance fees in Class E or Class I shares or Class E or Class I units of the Operating Partnership, how quickly we invest the proceeds from this and any future offering and the performance of our investments along with tax and Investment Company Act considerations relating thereto.

Funding distributions from the proceeds of the sale of properties and other real estate-related assets that we acquire, the repayment of loans that we acquire or originate, borrowings, return of capital or proceeds of the Offering will result in a reduction of assets available to acquire properties or other real estate-related investments. Share repurchases would also result in such a reduction of assets available to acquire properties or other real estate-related investments. As a result, the return stockholders realize on their investment may be reduced. Doing so may also negatively impact our ability to generate cash flows. Likewise, funding distributions from the sale of additional securities will dilute existing stockholders' interest in us on a percentage basis and may impact the value of stockholders' investments, especially if we sell these securities at prices less than the price they paid for their shares. Funding share repurchases from the sale of additional securities will impact the value of stockholders' investments if we sell these securities at prices less than the price at which we repurchase shares. We may be required to continue to fund our regular distributions and share repurchases from a combination of some of these sources if our investments fail to perform, if expenses are greater than our revenues or due to numerous other factors. We have not established a limit on the amount of our distributions or repurchases that may be paid from any of these sources. We believe that the likelihood that we pay distributions and fund share repurchases from sources other than cash flow from operations will be higher in the early stages of the Offering.

To the extent we borrow funds to pay distributions or fund repurchases, we would incur borrowing costs and these borrowings would require a future repayment. The use of these sources for distributions and the ultimate repayment of any liabilities incurred could adversely impact our ability to pay distributions or fund repurchases in future periods, decrease our NAV, decrease the amount of cash we have available for operations and new investments and adversely impact the value of our shares.

In addition, as noted above, we may defer operating expenses or pay expenses (including the fees of the Adviser) with shares of our common stock in order to preserve cash flow for the payment of distributions. The ultimate repayment of these deferred expenses could adversely affect our operations and reduce the future return on our shares. The payment of expenses in shares of our common stock will dilute stockholders' ownership interest in our portfolio of assets. There is no guarantee any of our operating expenses will be deferred and the Adviser is are under no obligation to receive fees in shares of our common stock or Operating Partnership units and may elect to receive such amounts in cash.

Payments to the Adviser in respect of any common stock or Operating Partnership units it elects to receive in lieu of fees will dilute future cash available for distribution to our stockholders.

The Adviser may choose to receive our common stock or Operating Partnership units, respectively, in lieu of certain fees. The holders of all Operating Partnership units are entitled to receive cash from operations pro rata with the distributions being paid to us and such distributions to the holder of the Operating Partnership units will reduce the cash available for distribution to us and to our stockholders. Furthermore, under certain circumstances the Operating Partnership units held by the Adviser are required to be repurchased, and there may not be sufficient cash to make such a repurchase payment; therefore, we may need to use cash from operations, borrowings, offering proceeds or other sources to make the payment, which will reduce cash available for distribution to you or for investment in our operations. Repurchases from the Adviser of our shares that were paid to the Adviser as management or performance fees are not subject to the monthly and quarterly volume limitations or the Early Repurchase Deduction, and such repurchases receive priority over other shares for which repurchase is requested during such period.

Purchases and repurchases of shares of our common stock may not be made based on the current NAV per share of our common stock.

Generally, our offering price per share and the price at which we make repurchases of our shares will equal the NAV per share of the applicable class as of the last calendar day of the prior month, plus, in the case of our offering price, applicable upfront selling commissions and dealer manager fees. The NAV per share as of the date on which an investor makes a subscription request or repurchase request may be significantly different than the offering price such investor pays or the repurchase price such investor receives. In addition, we may, but are not obligated to, offer and repurchase shares at a price that we believe reflects the NAV per share of such stock more appropriately than the prior month’s NAV per share, including by updating a previously disclosed offering price, in cases where we believe there has been a material change (positive or negative) to our NAV per share since the end of the prior month. In such cases, the offering price and repurchase price will not equal our NAV per share as of any time.

Valuations and appraisals of our properties and real estate-related investments are estimates of fair value and may not necessarily correspond to realizable value.

For the purposes of calculating our monthly NAV, our properties will initially be valued at cost, which we expect to represent fair value at that time. Thereafter, the calculation of our monthly NAV will be determined by the Adviser based in part on annual appraisals of each of our properties by independent third-party appraisal firms that are reviewed by our independent valuation advisor and updated appraisals prepared by our independent valuation advisor of our properties in any month that does not include appraisals by an independent third-party appraisal firm for such properties. Our investments in real estate securities will initially be valued at cost, and thereafter will be valued monthly by the Adviser using quotations from third party pricing vendors. The independent valuation advisor will prepare monthly appraisals of our real estate related debt investments and property-level debt liabilities.

Although monthly valuations of each of our real properties will be prepared by our independent valuation advisor, such valuations are based on asset and portfolio level information provided by the Adviser, including historical operating revenues and expenses of the properties, lease agreements on the properties, budgeted revenues and expenses of the properties, information regarding recent or planned capital expenditures and any other information relevant to valuing the real estate property, which information will be reviewed and professional skepticism applied as to its reasonableness but will not be independently verified by our independent valuation advisor.

Within the parameters of our valuation guidelines, the valuation methodologies used to value our properties will involve subjective judgments and projections and may not be accurate. Valuation methodologies will also involve assumptions and opinions about future events, which may or may not turn out to be correct. Valuations and appraisals of our properties and real estate-related investments will be only estimates of fair value. Ultimate realization of the value of an asset depends to a great extent on economic, market and other conditions beyond our control and the control of the Adviser and our independent valuation advisor. Further, valuations do not necessarily represent the price at which an asset would sell, since market prices of assets can only be determined by negotiation between a willing buyer and seller. As such, the carrying value of an asset may not reflect the price at which the asset could be sold in the market, and the difference between carrying value and the ultimate sales price could be material. In addition, accurate valuations are more difficult to obtain in times of low transaction volume because there are fewer market transactions that can be considered in the context of the appraisal. There will be no retroactive adjustment in the valuation of such assets, the offering price of our shares of common stock, the price we paid to repurchase shares of our common stock or NAV-based fees we paid to the Adviser and the Dealer Manager to the extent such valuations prove to not accurately reflect the realizable value of our assets. Because the price stockholders will pay for shares of our common stock in our offering, and the price at which their shares may be repurchased by us pursuant to our share repurchase plan are generally based on our prior month’s NAV per share, investors may pay more than realizable value or receive less than realizable value for their investments.

Valuations of our portfolio may involve uncertainties and judgmental determinations.

Valuations of our portfolio, which will affect our performance results, may involve uncertainties and judgmental determinations. The process of valuing securities for which reliable market quotations are not available is based on inherent uncertainties and the resulting values may differ from values that would have been determined had a ready market existed for such securities and may differ from the prices at which such securities may ultimately be sold. Further, third-party pricing information may at times not be available regarding certain of our securities, derivatives and other assets. If the valuation of our securities should prove to be incorrect, the net asset value of our investments could be adversely affected.

Our NAV per share amounts may change materially if the appraised values of our properties materially change from prior appraisals or the actual operating results for a particular month differ from what we originally budgeted for that month.

We anticipate that appraisals for a portion of our portfolio of properties will be conducted at least once per month. Annual appraisals of our properties will be conducted by an independent third-party appraisal firm on a rolling basis, such that

properties may be appraised at different times but each property (other than single family rental properties) would be appraised by an independent third-party appraisal firm at least once per year. In any month where an independent third-party appraisal firm does not prepare an appraisal for a property, our independent valuation advisor will prepare an appraisal for such property (other than international properties, which an independent third-party appraisal firm provides monthly update appraisals). When these appraisals are reflected in our NAV calculations, there may be a material change in our NAV per share amounts for each class of our common stock from those previously reported. In addition, actual operating results for a given month may differ from what we originally budgeted for that month, which may cause a material increase or decrease in the NAV per share amounts. We will not retroactively adjust the NAV per share of each class reported for the previous month. Therefore, because a new monthly appraisal may differ materially from the prior appraisal or the actual results from operations may be better or worse than what we previously budgeted for a particular month, the adjustment to reflect the new appraisal or actual operating results may cause the NAV per share for each class of our common stock to increase or decrease, and such increase or decrease will occur on the day the adjustment is made.

It may be difficult to reflect, fully and accurately, material events that may impact our monthly NAV.

The Adviser’s and the Sub-Adviser's determination of our monthly NAV per share will be based in part on annual appraisals of each of our properties by independent third-party appraisal firms in individual appraisal reports reviewed by our independent valuation advisor or appraisals provided directly by our independent valuation advisor in accordance with valuation guidelines approved by our board of directors. As a result, our published NAV per share in any given month may not fully reflect any or all changes in value that may have occurred since the most recent appraisal or valuation. The Adviser and the Sub-Adviser, as applicable, will review appraisal reports and monitor our properties and real estate-related investments, and is responsible for notifying the independent valuation advisor of the occurrence of any property-specific or market-driven event it believes may cause a material change in the real estate valuation, but it may be difficult to reflect fully and accurately rapidly changing market conditions or material events that may impact the value of our properties and real estate-related investments or liabilities between valuations, or to obtain quickly complete information regarding any such events. For example, an unexpected termination or renewal of a material lease, a material increase or decrease in vacancies or an unanticipated structural or environmental event at a property may cause the value of a property to change materially, yet obtaining sufficient relevant information after the occurrence has come to light or analyzing fully the financial impact of such an event may be difficult to do and may require some time. As a result, the NAV per share may not reflect a material event until such time as sufficient information is available and analyzed, and the financial impact is fully evaluated, such that our NAV may be appropriately adjusted in accordance with our valuation guidelines. Depending on the circumstance, the resulting potential disparity in our NAV may be in favor of either stockholders who repurchase their shares, or stockholders who buy new shares, or existing stockholders.

NAV calculations are not governed by governmental or independent securities, financial or accounting rules or standards.

The methods used by the Adviser, the Sub-Adviser and State Street Bank and Trust Company ("State Street") to calculate our NAV, including the components used in calculating our NAV, are not prescribed by rules of the SEC or any other regulatory agency. Further, there are no accounting rules or standards that prescribe which components should be used in calculating NAV, and our NAV is not audited by our independent registered public accounting firm. We calculate and publish NAV solely for purposes of establishing the price at which we sell and repurchase shares of our common stock, and our stockholders should not view our NAV as a measure of our historical or future financial condition or performance. The components and methodology used in calculating our NAV may differ from those used by other companies now or in the future.

In addition, calculations of our NAV, to the extent that they incorporate valuations of our assets and liabilities, are not prepared in accordance with generally accepted accounting principles. These valuations may differ from actual values that could be realized in the event that we were forced to sell assets.

Additionally, errors may occur in calculating our NAV, which could impact the price at which we sell and repurchase shares of our common stock and the amount of the Adviser’s management and performance fees.

If we are unable to raise substantial funds, we will be limited in the number and type of investments we make, and the value of our shares of common stock will be more dependent on the performance of any of the specific assets we acquire.

Our Offering is being made on a “best efforts” basis, meaning that the Dealer Manager is only required to use its best efforts to sell our shares and has no firm commitment or obligation to purchase any shares. As a result, the amount of proceeds we raise in our Offering may be substantially less than the amount we would need to achieve a broader portfolio of investments. If we are unable to raise substantially more than the minimum offering amount, we will make fewer investments, resulting in less diversity in terms of the type, number, geography and size of investments that we make. In that case, the likelihood that any single asset’s performance would adversely affect our profitability will increase. There is a greater risk that our stockholders will lose money in their investment if we have less diversity in our portfolio. Further, we will have certain fixed operating expenses, including expenses of being a public reporting company, regardless of whether we are able to raise substantial funds.

Our inability to raise substantial funds would increase our fixed operating expenses as a percentage of gross income, reducing our net income and limiting our ability to make distributions. Further, our board of directors has approved a share repurchase arrangement whereby we will offer to repurchase shares or Operating Partnership units held by BUSI II-C L.P. (the “Brookfield Investor”), an affiliate of Brookfield, provided that no such repurchase will be made during any month in which the full amount of all shares requested to be repurchased under our share repurchase plan is not repurchased. As a result of this share repurchase arrangement, it is expected that our aggregate NAV will not grow as quickly as it otherwise might as a result of our continuous offering and we may not have capital to make new investments until the shares and Operating Partnership units owned by the Brookfield Investor are fully repurchased, which will exacerbate the risks described above.

We face risks associated with the deployment of our capital.

In light of the nature of our continuous offering and our investment strategy and the need to be able to deploy capital quickly to capitalize on potential investment opportunities, we may from time to time hold cash pending deployment into investments, which may at times be significant, particularly at times when we are receiving high amounts of offering proceeds and/or times when there are few attractive investment opportunities. Such cash may be held in an account for the benefit of our stockholders that may be invested in money market accounts or other similar temporary investments. In the event we are unable to find suitable investments such cash may be maintained for longer periods which would be dilutive to overall investment returns. It is not anticipated that the temporary investment of such cash into money market accounts or other similar temporary investments pending deployment into investments will generate significant interest, and investors should understand that such low interest payments on the temporarily invested cash may adversely affect overall returns.

Our board of directors may, in the future, adopt certain measures under Maryland law without stockholder approval that may have the effect of making it less likely that a stockholder would receive a “control premium” for his or her shares.

Corporations organized under Maryland law with a class of registered securities and at least three independent directors are permitted to elect to be subject, by a charter or bylaw provision or a resolution of its board of directors and notwithstanding any contrary charter or bylaw provision, to any or all of five provisions:

•staggering the board of directors into three classes;

•requiring a two-thirds vote of stockholders to remove directors;

•providing that only the board of directors can fix the size of the board;

•providing that all vacancies on the board, regardless of how the vacancy was created, may be filled only by the affirmative vote of a majority of the remaining directors in office and for the remainder of the full term of the class of directors in which the vacancy occurred; and

•providing for a majority requirement for the calling by stockholders of a special meeting of stockholders.

These provisions may discourage an extraordinary transaction, such as a merger, tender offer or sale of all or substantially all of our assets, all of which might provide a premium price for stockholders’ shares. In our charter, we have elected that vacancies on our board of directors be filled only by the remaining directors and for the remainder of the full term of the directorship in which the vacancy occurred. Through other provisions in our charter and bylaws, we vest in our board of directors the exclusive power to fix the number of directorships, provided that the number is not less than three. In addition, for so long as the Advisory Agreement is in effect, the Adviser has the right to nominate, subject to the approval of such nomination by our board of directors, four affiliated directors to the slate of directors to be voted on by the stockholders at our annual meeting of stockholders; provided, however, that such number of director nominees shall be reduced as necessary by a number that will result in a majority of directors being independent directors. Our board of directors must also consult with the Adviser in connection with (i) its selection of each independent director for nomination to the slate of directors to be voted on at the annual meeting of stockholders, and (ii) filling any vacancies created by the removal, resignation, retirement or death of any director. These and other provisions in our charter and bylaws could make it more difficult for stockholders or potential acquirers to obtain control of our board of directors or initiate actions that are opposed by our then-current board of directors, including a merger, tender offer or proxy contest involving our company. We have not elected to be subject to any of the other provisions described above, but our charter does not prohibit our board of directors from opting into any of these provisions in the future.

Further, under the Maryland Business Combination Act, we may not engage in any merger or other business combination with an “interested stockholder” (which is defined as (1) any person who beneficially owns, directly or indirectly, 10% or more of the voting power of our outstanding voting stock and (2) an affiliate or associate of ours who, at any time within the two-year period prior to the date in question, was the beneficial owner, directly or indirectly, of 10% or more of the voting power of our then outstanding voting stock) or any affiliate of that interested stockholder for a period of five years after the most recent date on which the interested stockholder became an interested stockholder. A person is not an interested stockholder if our board of directors approved in advance the transaction by which he or she would otherwise have become an interested stockholder. In approving a transaction, our board of directors may provide that its approval is subject to compliance, at or after the time of approval, with any terms or conditions determined by our board of directors. After the five-year period ends, any merger or

other business combination with the interested stockholder or any affiliate of the interested stockholder must be recommended by our board of directors and approved by the affirmative vote of at least:

•80% of all votes entitled to be cast by holders of outstanding shares of our voting stock; and

•two-thirds of all of the votes entitled to be cast by holders of outstanding shares of our voting stock other than those shares owned or held by the interested stockholder with whom or with whose affiliate the business combination is to be effected or held by an affiliate or associate of the interested stockholder.

These super-majority voting requirements do not apply if, among other things, our stockholders receive a minimum price (as set forth in the Maryland General Corporation Law (the "MGCL") for their common stock and the consideration is received in cash or in the same form as previously paid by the interested stockholder.

The statute permits various exemptions from its provisions, including business combinations that are exempted by our board of directors prior to the time the interested stockholder becomes an interested stockholder. Our board of directors has adopted resolutions exempting any business combination involving us and any person, including Brookfield, the Adviser, Oaktree and the Sub-Adviser from the provisions of this law, provided that such business combination is first approved by our board of directors.

Our charter permits our board of directors to authorize us to issue preferred stock on terms that may subordinate the rights of the holders of our current common stock or discourage a third party from acquiring us.

Our board of directors is permitted, subject to certain restrictions set forth in our charter, to authorize the issuance of shares of preferred stock without stockholder approval. Further, our board of directors may classify or reclassify any unissued shares of common or preferred stock into other classes or series of stock and establish the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms or conditions of redemption of the stock and may amend our charter from time to time to increase or decrease the aggregate number of shares or the number of shares of any class or series that we have authority to issue without stockholder approval. Thus, our board of directors could authorize us to issue shares of preferred stock with terms and conditions that could subordinate the rights of the holders of our common stock or have the effect of delaying, deferring or preventing a change in control of us, including an extraordinary transaction such as a merger, tender offer or sale of all or substantially all of our assets, that might provide a premium price for holders of our common stock.

Maryland law limits, in some cases, the ability of a third party to vote shares acquired in a “control share acquisition.”

The Maryland Control Share Acquisition Act provides that “control shares” of a Maryland corporation acquired in a “control share acquisition” have no voting rights except to the extent approved by stockholders by a vote of two-thirds of the votes entitled to be cast on the matter. Shares of stock owned by the acquirer, by officers or by employees who are directors of the corporation, are excluded from shares entitled to vote on the matter. “Control shares” are voting shares of stock which, if aggregated with all other shares of stock owned by the acquirer or in respect of which the acquirer can exercise or direct the exercise of voting power (except solely by virtue of a revocable proxy), would entitle the acquirer to exercise voting power in electing directors within specified ranges of voting power. Control shares do not include shares the acquiring person is then entitled to vote as a result of having previously obtained stockholder approval or shares acquired directly from the corporation. A “control share acquisition” means the acquisition of issued and outstanding control shares. The control share acquisition statute does not apply: (1) to shares acquired in a merger, consolidation or share exchange if the Maryland corporation is a party to the transaction; or (2) to acquisitions approved or exempted by the charter or bylaws of the Maryland corporation. Our bylaws contain a provision exempting from the Control Share Acquisition Act any and all acquisitions of our stock by any person. There can be no assurance that this provision will not be amended or eliminated at any time in the future.

Maryland law and our organizational documents limit our rights and the rights of our stockholders to recover claims against our directors and officers, which could reduce stockholders' and our recovery against them if they cause us to incur losses.

Maryland law provides that a director will not have any liability as a director so long as he or she performs his or her duties in accordance with the applicable standard of conduct. In addition, our charter generally limits the personal liability of our directors and officers for monetary damages subject to the limitations of the North American Securities Administrators Association’s Statement of Policy Regarding Real Estate Investment Trusts, as revised and adopted on May 7, 2007 (the “NASAA REIT Guidelines”), and Maryland law. Moreover, our charter generally requires us to indemnify and advance expenses to our directors and officers for losses they may incur by reason of their service in those capacities unless their act or omission was material to the matter giving rise to the proceeding and was committed in bad faith or was the result of active and deliberate dishonesty, they actually received an improper personal benefit in money, property or services or, in the case of any criminal proceeding, they had reasonable cause to believe the act or omission was unlawful. Further, we have entered into separate indemnification agreements with each of our directors and certain of our officers. As a result, our stockholders and we may have more limited rights against our directors or officers than might otherwise exist under common law, which could

reduce our stockholders' and our recovery from these persons if they act in a manner that causes us to incur losses. In addition, we are obligated to fund the defense costs incurred by these persons in some cases. However, our charter provides that we may not indemnify our directors or officers, or the Adviser and its affiliates, for any liability or loss suffered by them or hold our directors or officers, the Adviser and its affiliates harmless for any liability or loss suffered by us, unless they have determined, in good faith, that the course of conduct that caused the loss or liability was in our best interests, they were acting on our behalf or performing services for us, the liability or loss was not the result of negligence or misconduct by our non-independent directors, the Adviser and its affiliates, or gross negligence or willful misconduct by our independent directors, and the indemnification or agreement to hold harmless is recoverable only out of our net assets or the proceeds of insurance and not from the stockholders.

Maryland law limits our stockholders’ ability to amend our charter or dissolve us without the approval of our board of directors.

Although the NASAA REIT Guidelines published by the North American Securities Administrators Association (“NASAA”) indicate that stockholders are permitted to amend our charter or terminate us without the necessity for concurrence by our board of directors, we are required to comply with the MGCL, which provides that any amendment to our charter or any dissolution of our company must first be declared advisable by our board of directors. Therefore, our stockholders may vote to authorize the amendment of our charter or the dissolution of our company, but only after such action has been declared advisable by our board of directors. Accordingly, the only proposals to amend our charter or to dissolve our company that will be presented to our stockholders will be those that have been declared advisable by our board of directors and also require approval by our stockholders.

Your interest in us will be diluted if we issue additional shares.

Holders of our common stock will not have preemptive rights to any shares we issue in the future. Our charter authorizes us to issue up to 1,050,000,000 shares of capital stock, of which 1,000,000,000 shares are classified as common stock (of which 225,000,000 shares are classified as Class T shares, 225,000,000 shares are classified as Class S shares, 100,000,000 shares are classified as Class D shares, 100,000,000 shares are classified as Class C shares, 100,000,000 shares are classified as Class E shares and 250,000,000 shares are classified as Class I shares) and 50,000,000 shares are classified as preferred stock. In addition, our board of directors may amend our charter from time to time to increase or decrease the aggregate number of authorized shares of capital stock or the number of authorized shares of capital stock of any class or series without stockholder approval. Our board of directors may elect, without stockholder approval, to: (1) sell additional shares in the Offering or future public offerings (including using prices based on our NAV as of a different time than the applicable NAV used in our Offering); (2) issue equity interests in private offerings (including using prices based on our NAV as of a different time than the applicable NAV used in our Offering); (3) issue shares upon the exercise of the options we may grant to our independent directors or future employees; or (4) issue shares or our common stock or Operating Partnership units to the Adviser, or its respective successors or assigns, in payment of an outstanding obligation to pay fees for services rendered to us, or (5) issue shares to sellers of properties we acquire in connection with an exchange of limited partnership interests of the Operating Partnership. To the extent we issue additional shares, your percentage ownership interest in us will be diluted. Because we hold all of our assets through the Operating Partnership, to the extent we issue additional units of the Operating Partnership, stockholders’ percentage ownership interest in our assets will be diluted. Because certain classes of the units of the Operating Partnership may, in the discretion of our board of directors, be exchanged for shares of our common stock, any merger, exchange or conversion between the Operating Partnership and another entity ultimately could result in the issuance of a substantial number of shares of our common stock, thereby diluting the percentage ownership interest of other stockholders. Because of these and other reasons, you may experience substantial dilution in your percentage ownership of our shares or your interests in the underlying assets held by the Operating Partnership.

Our UPREIT structure may result in potential conflicts of interest with the Operating Partnership or limited partners in the Operating Partnership whose interests may not be aligned with those of our stockholders.

Conflicts of interest exist or could arise in the future as a result of the relationships between us and our affiliates, on the one hand, and the Operating Partnership or any partner thereof, on the other. Our directors and officers have duties to our company under applicable Maryland law in connection with their direction of the management of our company. At the same time, we are the sole member of the general partner of the Operating Partnership and have authority to make all decisions on behalf of such general partner. The general partner has duties to the Operating Partnership and to the limited partners under Delaware law in connection with the management of the Operating Partnership. Under Delaware law, the general partner of a Delaware limited partnership has fiduciary duties of care and loyalty, and an obligation of good faith, to the partnership and its partners. While these duties and obligations cannot be eliminated entirely in the limited partnership agreement, Delaware law permits the parties to a limited partnership agreement to specify certain types or categories of activities that do not violate the general partner’s duty of loyalty and to modify the duty of care and obligation of good faith, so long as such modifications are not unreasonable. These duties as general partner of the Operating Partnership to the partnership and its partners may come into conflict with the interests of our company. Under the partnership agreement of the Operating Partnership, upon the admission of

a person other than one of our subsidiaries as a limited partner in the Operating Partnership, the limited partners of the Operating Partnership expressly agree that the general partner of the Operating Partnership is acting for the benefit of the Operating Partnership, our company and our stockholders, collectively. The general partner of the Operating Partnership is under no obligation to give priority to the separate interests of the limited partners in deciding whether to cause the Operating Partnership to take or decline to take any actions. If there is a conflict between our interests and the interests of our stockholders, on the one hand, and the interests of the limited partners of the Operating Partnership other than us or our subsidiaries, on the other, that cannot be resolved in a manner not adverse to either, the partnership agreement provides that such conflict will be resolved in favor of our stockholders, and the general partner of the Operating Partnership will not be liable for losses sustained by the limited partners in connection with such decisions provided it acted in good faith.

Additionally, the partnership agreement of the Operating Partnership expressly limits the general partner’s liability by providing that the general partner will not be liable to the Operating Partnership or its limited partners for errors in judgment or other acts or omissions not amounting to willful misconduct or gross negligence since provision has been made in the partnership agreement for exculpation of the general partner. In addition, the Operating Partnership is required to indemnify the general partner for liabilities the general partner incurs in dealings with third parties on behalf of the Operating Partnership. To the extent that the indemnification provisions purport to include indemnification of liabilities arising under the Securities Act, in the opinion of the SEC, such indemnification is contrary to public policy and therefore unenforceable.

The provisions of Delaware law that allow the fiduciary duties of a general partner to be modified by a partnership agreement have not been tested in a court of law, and we have not obtained an opinion of counsel covering the provisions set forth in the partnership agreement that purport to waive or restrict the general partner’s fiduciary duties.

Tax protection agreements could limit our ability to sell or otherwise dispose of property contributed to the Operating Partnership.

In connection with a contribution of property to the Operating Partnership, the Operating Partnership may enter into a tax protection agreement with the contributor of such property that provides that if we dispose of any interest in the contributed property in a taxable transaction within a certain time period, subject to certain exceptions, we may be required to indemnify the contributor for its tax liabilities attributable to the built-in gain that exists with respect to such property interests, and the tax liabilities incurred as a result of such tax protection payment. Therefore, although it may be in our stockholders’ best interests that we sell the contributed property, it may be economically prohibitive for us to do so because of these obligations.

Tax protection agreements may require the Operating Partnership to maintain certain debt levels that otherwise would not be required to operate our business.

Under a tax protection agreement, the Operating Partnership may provide the contributor of property the opportunity to guarantee debt or enter into a deficit restoration obligation. If we fail to make such opportunities available, we may be required to deliver to such contributor a cash payment intended to approximate the contributor’s tax liability resulting from our failure to make such opportunities available to that contributor and the tax liabilities incurred as a result of such tax protection payment. These obligations may require the Operating Partnership to maintain more or different indebtedness than we would otherwise require for our business.

Cash payments to redeem Operating Partnership interests will reduce cash available for distribution to our stockholders or to honor their repurchase requests under our share repurchase program.

The Operating Partnership’s limited partnership agreement provides that following any applicable waiting period, the holders of Operating Partnership units (other than us) generally have the right to cause the Operating Partnership to redeem all or a portion of their Operating Partnership units for, at the general partner’s sole discretion, shares of our common stock, cash, or a combination of both. An election to redeem Operating Partnership units for cash may reduce funds available for distribution to our stockholders or to honor our stockholders’ repurchase requests under our share repurchase program.

We will not be required to comply with certain reporting requirements, including those relating to auditor’s attestation reports on the effectiveness of our system of internal control over financial reporting, accounting standards and disclosure about our executive compensation, that apply to other public companies.

The Jumpstart Our Business Startups ("JOBS") Act contains provisions that, among other things, relax certain reporting requirements for emerging growth companies, including certain requirements relating to accounting standards and compensation disclosure. We are classified as an emerging growth company. For as long as we are an emerging growth company, which may be up to five full fiscal years, unlike other public companies, we will not be required to (1) provide an auditor’s attestation report on the effectiveness of our system of internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act, (2) comply with any new or revised financial accounting standards applicable to public companies until such standards are also applicable to private companies under Section 102(b)(1) of the JOBS Act, (3) comply with any new requirements adopted by the Public Company Accounting Oversight Board (“PCAOB”) requiring mandatory audit firm rotation or a supplement to the auditor’s report in which the auditor would be required to provide additional information about

the audit and the financial statements of the issuer, (4) comply with any new audit rules adopted by the PCAOB after April 5, 2012 unless the SEC determines otherwise, (5) provide certain disclosure regarding executive compensation required of larger public companies or (6) hold stockholder advisory votes on executive compensation.

Once we are no longer an emerging growth company, so long as our shares of common stock are not traded on a securities exchange, we will be deemed to be a “non-accelerated filer” under the Exchange Act, and as a non-accelerated filer, we will be exempt from compliance with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act. In addition, so long as we are externally managed by the Adviser and we do not directly compensate our executive officers, or reimburse the Adviser or its affiliates for salaries, bonuses, benefits and severance payments for persons who also serve as one of our executive officers or as an executive officer of the Adviser, we do not have any executive compensation, making the exemptions listed in (5) and (6) above generally inapplicable.

As noted above, under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards that have different effective dates for public and private companies until such time as those standards apply to private companies. We intend to take advantage of the extended transition period. Since we will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for other public companies, our financial statements may not be comparable to the financial statements of companies that comply with public company effective dates. If we were to subsequently elect to comply with these public company effective dates, such election would be irrevocable pursuant to Section 107 of the JOBS Act.

Our results of operations may be adversely affected if we are required to register as an investment company under the Investment Company Act.

We intend to conduct our operations so that neither we, nor the Operating Partnership, or our respective subsidiaries are required to register as an investment company under the Investment Company Act. However, there can be no assurance that we will be able to successfully avoid operating as an investment company.

Under Section 3(a)(1)(A) of the Investment Company Act, a company is deemed to be an investment company if it is, or holds itself out as being, engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting or trading in securities. Under Section 3(a)(1)(C) of the Investment Company Act, a company is deemed to be an investment company if it is engaged, or proposes to engage, in the business of investing, reinvesting, owning, holding or trading in securities and owns or proposes to acquire “investment securities” having a value exceeding 40% of the value of its total assets (exclusive of U.S. government securities and cash items) on an unconsolidated basis. “Investment securities” exclude (A) U.S. government securities, (B) securities issued by employees’ securities companies and (C) securities issued by majority-owned subsidiaries which (i) are not investment companies and (ii) are not relying on the exception from the definition of investment company under Section 3(c)(1) or 3(c)(7) of the Investment Company Act.

With respect to Section 3(a)(1)(A), we do not intend to engage primarily or hold ourself out as being engaged primarily in the business of investing, reinvesting or trading in securities. Rather, we will be primarily engaged in the non-investment company businesses of our subsidiaries. With respect to Section 3(a)(1)(C), we expect that most of the entities through which we own assets will be wholly or majority-owned subsidiaries that are not themselves investment companies and are not relying on the exceptions from the definition of investment company under Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act and, thus, we do not expect to own a significant amount of investment securities.

We expect that we and most of our subsidiaries will comply with the requirements of Section 3(c)(5)(C) of the Investment Company Act. Section 3(c)(5)(C) is available for entities “primarily engaged in the business of purchasing or otherwise acquiring mortgages and other liens on and interests in real estate.” The SEC staff has taken the position that this exemption, in addition to prohibiting the issuance of certain types of securities, generally requires that at least 55% of an entity’s assets must be comprised of mortgages and other liens on and interests in real estate, also known as “qualifying assets,” and at least another 25% of the entity’s assets must be comprised of additional qualifying assets or a broader category of assets that we refer to as “real estate-related assets” under the Investment Company Act (and no more than 20% of the entity’s assets may be comprised of miscellaneous assets). As a result of the foregoing restrictions, we will be limited in our ability to make certain investments.

We will classify our assets for purposes of our 3(c)(5)(C) exemption based upon no-action positions taken by the SEC staff and interpretive guidance provided by the SEC and its staff. These no-action positions are based on specific factual situations that may be substantially different from the factual situations we may face, and a number of these no-action positions were issued more than 20 years ago. No assurance can be given that the SEC or its staff will concur with our classification of our assets. In addition, the SEC or its staff may, in the future, issue further guidance that may require us to reclassify our assets for purposes of the Investment Company Act. If we are required to reclassify our assets, we may no longer be in compliance with the exemption from the definition of an investment company provided by Section 3(c)(5)(C) of the Investment Company Act.

Based on no-action letters issued by the SEC staff, we will treat our investments in any joint ventures that in turn invest in qualifying assets such as real property as qualifying assets, but only if we are active in the management and operation of the

joint venture and have the right to approve major decisions by the joint venture; otherwise, they will be classified as real estate-related assets. We will not participate in joint ventures in which we do not have or share control to the extent that we believe such participation would potentially threaten our status as a non-investment company exempt from the Investment Company Act. This may prevent us from receiving an allocation with respect to certain investment opportunities that are suitable for both us and one or more Other Brookfield Accounts.

A change in the value of any of our assets could negatively affect our ability to maintain our exemption from regulation under the Investment Company Act. To maintain compliance with the applicable exemption under the Investment Company Act, we may be unable to sell assets we would otherwise want to sell and may need to sell assets we would otherwise wish to retain. In addition, we may have to acquire additional assets that we might not otherwise have acquired or may have to forgo opportunities to acquire assets that we would otherwise want to acquire and would be important to our investment strategy. For example, these restrictions may limit our and our subsidiaries’ ability to invest directly in mortgage-backed securities that represent less than the entire ownership in a pool of mortgage loans, debt and equity tranches of securitizations and certain asset-backed securities, non-controlling equity interests in real estate companies or in assets not related to real estate.

If we were required to register as an investment company but failed to do so, we would become subject to substantial regulation with respect to our capital structure (including our ability to use borrowings), management, operations, transactions with affiliated persons (as defined in the Investment Company Act), and portfolio composition, including disclosure requirements and restrictions with respect to diversification and industry concentration, and other matters. Compliance with the Investment Company Act would, accordingly, limit our ability to make certain investments and require us to significantly restructure our business plan, which could materially adversely affect our NAV and our ability to pay distributions to our stockholders.

Operational risks, including interruption of our information technology, communications systems or data services could disrupt our business, result in losses or limit our growth.

We rely heavily on Brookfield’s financial, accounting, communications and other data processing systems. If such systems do not operate properly, are disabled or are compromised, we could suffer financial loss, a disruption of our business, liability, regulatory intervention or reputational damage. Such information technology and communications systems are vulnerable to damage or disruption from fire, power loss, telecommunications failure, system malfunctions, epidemics or pandemics, natural disasters such as hurricanes, earthquakes and floods, acts of war or terrorism, employee errors or malfeasance, computer viruses, cyber-attacks, or other events which are beyond our and Brookfield’s control.

In addition, we are highly dependent on information systems and technology. Brookfield’s information systems and technology may not continue to be able to accommodate our growth, and the cost of maintaining such systems may increase from its current level. Such a failure to accommodate growth, or an increase in costs related to such information systems, could have a material adverse effect on us.

Many jurisdictions in which Brookfield operates have laws and regulations relating to data privacy, cybersecurity and protection of personal information. For example, the California Consumer Privacy Act (CCPA), that went into effect on January 1, 2020, requires covered companies to, among other things, provide new disclosures to California consumers, and afford such consumers new abilities to opt-out of certain sales of personal information. Some jurisdictions have also enacted laws requiring companies to notify individuals and government agencies of data security breaches involving certain types of personal data.

Breaches in security, whether malicious in nature or through inadvertent transmittal or other loss of data, could potentially jeopardize the confidential, proprietary and other information processed and stored in, and transmitted through Brookfield’s information systems and technology or otherwise cause interruptions or malfunctions in our business and operations, which could result in significant financial losses, increased costs, disruption of Brookfield’s business, liability to our investors and other counterparties, regulatory intervention or reputational damage. Furthermore, if Brookfield fails to comply with relevant laws and regulations or fails to make required notifications of a breach in a timely manner, it could result in regulatory investigations and penalties, which could lead to negative publicity and reputational harm and may cause harm to our stockholders.

We depend on Brookfield’s New York office, where a substantial portion of Brookfield’s personnel are located, for the continued operation of our business. A natural disaster or a disruption in the infrastructure that supports our business, including a disruption involving electronic communications or other services used by us or third parties with whom we conduct business, or directly affecting our headquarters, could have a material adverse impact on our ability to continue to operate our business without interruption. Insurance and other safeguards might only partially reimburse us for our losses, if at all.

In addition, we rely on third-party service providers for certain aspects of our business, including software vendors for portfolio management and accounting software, outside financial institutions for back office processing, custody of securities and third-party broker-dealers for the execution of trades. An interruption or deterioration in the performance of these third parties or failures of their information systems and technology could cause system interruption, delays, loss, corruption or exposure of

critical data or intellectual property, and impair the quality of our operations, which could impact our reputation and hence adversely affect our business.

Any such interruption or deterioration in Brookfield’s operations could result in substantial recovery and remediation costs and liability. While Brookfield has implemented disaster recovery plans and backup systems to lessen the risk of any material adverse impact, its disaster recovery planning may not be sufficient to mitigate the harm and cannot account for all eventualities, and a catastrophic event that results in the destruction or disruption of any data or critical business or information technology systems could severely affect our ability to conduct our business operations, and as a result, our future operating results could be materially adversely affected.

Our ability to significantly influence a company or an investment will expose us to additional risks of liability and may subject us to indemnification obligations.

In certain circumstances, we may have controlling interests in or the ability to significantly influence a company or investment. This exercise of control of, or significant influence over, a company or investment may impose additional risks of liability for environmental damage, product defects, failure to supervise management, violation of governmental regulations (including securities laws) or other types of liability in which the limited liability generally characteristic of business ownership may be ignored. Accordingly, we may have a more limited ability to protect our investment in issuers in which a controlling interest or position of significant influence has not been obtained. If these liabilities were to arise, we could suffer a significant loss. To the extent permitted by our charter, we may also be required to indemnify the Adviser and others in connection with litigation relating to such liabilities, as well as other matters arising as a result of the management of us, subject to certain conditions.

Our investment activities subject us to the risks of becoming involved in litigation by third parties.

Our investment activities subject us to the risks of becoming involved in litigation by third parties. This risk is heightened where we exercise control of, or significant influence in, a company or an investment’s direction. Such liabilities may be material and have an adverse effect on the returns from our investments. The expense of defending against claims by third parties and paying any amounts pursuant to settlements or judgments would, absent certain conduct by the Adviser, be payable from our assets. The Adviser and its affiliates may, but are not required to, purchase insurance for us, the Adviser and its affiliates, employees, agents and representatives. Additionally, our organizational documents, to the extent permitted by law, limit the circumstances under which the Adviser can be held liable to us and our stockholders. As a result, our stockholders may have a more limited right of action in certain cases than they would in the absence of this provision.

Further, in connection with the disposition of an investment, we may be required to make representations about such investment typical of those made in connection with the sale of similar investments. In the case of equity investments, this may include representations about the business and financial affairs of the issuer. We also may be required to indemnify the purchasers of an investment with respect to certain matters, including the accuracy of such representations. These arrangements may result in contingent liabilities for which the Adviser may establish reserves or escrow accounts, and for which we may suffer a loss.

Compliance with the SEC’s Regulation Best Interest may negatively impact our ability to raise capital in our Offering, which would harm our ability to achieve our investment objectives.

Commencing June 30, 2020, broker-dealers must comply with Regulation Best Interest, which, among other requirements, establishes a new standard of conduct for broker-dealers and their associated persons when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer. Regulation Best Interest requires a broker-dealer or associated person, when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer, to act in the best interest of the retail customer at the time the recommendation is made, without placing the financial or other interest of the broker- dealer or associated person ahead of the interest of the retail customer. Regulation Best Interest imposes a duty of care for broker-dealers to evaluate reasonably available alternatives in the best interests of their clients. There are likely alternatives to investing in our shares that are reasonably available to you, through your broker or otherwise, and those alternatives may be less costly or have a lower investment risk. Under Regulation Best Interest, broker- dealers participating in the Offering must consider such alternatives when evaluating the best interests of their clients. The impact of Regulation Best Interest on participating dealers cannot be determined at this time, and it may negatively impact whether participating dealers and their associated persons recommend the Offering to certain retail customers. If Regulation Best Interest reduces our ability to raise capital in the Offering, it would harm our ability to create a diversified portfolio of investments and ability to achieve our investment objectives.

General Risks Related to Investments in Real Estate

Our operating results will be affected by economic and regulatory changes that impact the real estate market in general.

The real estate industry is cyclical in nature, and a deterioration of real estate fundamentals generally, and in the United States in particular, will have an adverse effect on the performance of our investments. The value of real estate assets and real estate-related investments can fluctuate for various reasons. Real estate values can be seriously affected by many factors, including:

•interest rate fluctuations and lack of availability of financing;

•changes in global, national, regional or local economic, demographic, or capital market conditions;

•acts of war or terrorism (including the escalating conflict between Russia and Ukraine and the related impact on macroeconomic conditions as a result of such conflict);

•bank liquidity;

•increases in borrowing rates;

•changes in environmental and zoning laws;

•overbuilding and increased competition for properties targeted by our investment strategy;

•future adverse national real estate trends, including increasing vacancy rates, declining rental rates and general deterioration of market conditions;

•changes in supply and demand fundamentals;

•increases in property taxes;

•casualty or condemnation losses;

•bankruptcy, financial difficulty or lease default of a major tenant;

•regulatory limitations on rent;

•increased mortgage defaults and the availability of mortgage funds which may render the sale or refinancing of properties difficult or impracticable;

•changes in laws, regulations and fiscal policies, including increases in property taxes and limitations on rental rates; and

•natural disasters, epidemics or pandemics, severe weather patterns, terrorist attacks and similar events.

All of these factors are beyond our control. Moreover, certain significant expenditures associated with real estate (such as real estate taxes, maintenance costs and, where applicable, mortgage payments) have no relationship with, and thus do not diminish in proportion to, a reduction in income from the property. Any negative changes in these factors could impair our ability to meet our obligations and make distributions to stockholders, and could adversely impact our ability to effectively achieve our investment objectives and reduce the overall returns on our investments.

Our success is dependent on general market and economic conditions.

Our activities and investments could be materially adversely affected by the instability in the U.S. or global financial markets, or changes in market, economic, political or regulatory conditions, such as interest rates, availability of credit, credit defaults, inflation rates, economic uncertainty, changes in laws (including laws relating to taxation of our investments), trade barriers and currency exchange controls, and national and international political, environmental and socioeconomic circumstances (including wars, terrorist acts or security operations, such as the escalating conflict between Russia and Ukraine and the significant sanctions and other restrictive actions taken against Russia by the United States and other countries in response to Russia’s February 2022 invasion of Ukraine, as well as the cessation of all business in Russia by many global companies) in respect of the countries in which we invest, as well as by numerous other factors outside the control of the Adviser or its affiliates. These factors may affect the level and volatility of real estate and securities prices and the liquidity of our investments, which could impair our profitability or result in losses. In addition, general fluctuations in the market prices of securities and interest rates may affect our investment opportunities and the value of our investments. These factors are outside of our control and the control of the Adviser and its affiliates.

Brookfield’s financial condition may be adversely affected by a significant economic downturn and it may be subject to legal, regulatory, reputational and other unforeseen risks that could have a material adverse effect on Brookfield’s business and operations (including the Adviser), which thereby could impact us. Moreover, a recession, slowdown and/or sustained downturn in the U.S. or global economy (or any particular segment thereof) or weakening of credit markets will adversely affect the value of our assets and our profitability, impede the ability of our assets to perform under or refinance their existing

obligations, and impair our ability to effectively deploy our capital or effectively exit or realize upon investments on favorable terms. Any of the foregoing events could result in substantial or total losses to us in respect of certain investments, which losses will likely be exacerbated by the presence of leverage in our capital structure or a particular investment’s capital structure.

Any future financial market disruptions (including financial market disruptions related to COVID-19) may force us to use a greater proportion of our Offering proceeds to finance our acquisitions and fund tenant improvements, reducing the cash available to make distributions and satisfy repurchase requests and reducing the number of acquisitions we would otherwise make.

In addition, economic problems in a single country are increasingly affecting other markets and economies. A continuation of this trend could adversely affect global economic conditions and world markets and, in turn, could adversely affect our performance. The economies of particular individual emerging markets countries may differ favorably or unfavorably from one another in such respects as growth of gross domestic product, rate of inflation, currency depreciation, capital reinvestment, resource self-sufficiency and balance of payments position. Governments of many emerging markets countries have exercised and continue to exercise substantial influence over many aspects of the private sector.

Certain countries have been susceptible to epidemics, such as severe acute respiratory syndrome, avian flu, H1N1/09 flu and, currently, novel coronavirus, or COVID-19. The epidemic or pandemic outbreak of an infectious disease in a country or region of the world or globally, together with any resulting restrictions on travel, transportation or production of goods or quarantines imposed, have had a negative impact on the national, regional or global economy and business activity in the United States.

We may be adversely affected by the foregoing events, or by similar or other events in the future. In the longer term, there may be significant new regulatory actions and other events that could limit our activities and investment opportunities or change the functioning of the capital markets, and there is the possibility of a severe worldwide economic downturn. Consequently, we may not be capable of, or successful at, preserving the value of our assets, generating positive investment returns or effectively managing risks.

Further disruption and deterioration of the global debt markets (particularly the U.S. debt markets) or a significant rise in market perception of counterparty default risk would be likely to affect the value of our investments and significantly reduce investor demand for, and liquidity of, all securities. Brookfield itself could also be affected by difficult conditions in the capital markets and any overall weakening of the financial services industry. Similarly, Brookfield’s portfolio companies historically have regularly utilized the corporate debt markets in order to obtain financing for their operations. Ongoing disruptions in the global credit markets may affect issuers’ ability to pay debts and obligations on a timely basis. If defaults occur, we could lose both invested capital in, and anticipated profits from, any affected investments.

Inflation may adversely affect our financial condition and results of operations.

An increase in inflation could have an adverse impact on our floating rate mortgages, credit facilities and general and administrative expenses, as these costs could increase at a rate higher than our rental and other revenue. Inflation could also have an adverse effect on consumer spending, which could impact our tenants’ revenues and, in turn, our percentage rents, where applicable. In addition, leases of long-term duration or which include renewal options that specify a maximum rate increase may result in below-market lease rates over time if we do not accurately estimate inflation or market lease rates. Provisions of our leases designed to mitigate the risk of inflation and unexpected increases in market lease rates, such as periodic rental increases, may not adequately protect us from the impact of inflation or unexpected increases in market lease rates. If we are subject to below- market lease rates on a significant number of our properties pursuant to long-term leases and our operating and other expenses are increasing faster than anticipated, our business, financial condition, results of operations, cash flows or our ability to satisfy our debt service obligations or to pay distributions on our common stock could be materially adversely affected.

Our business has been and is expected to continue to be adversely affected by the COVID-19 pandemic and the preventive measures taken to curb the spread of the virus.

In response to the COVID-19 pandemic, many companies and various governments have imposed restrictions on business activity and travel which may continue and could expand. There can be no assurance that strategies to address potential disruptions in operations will mitigate the adverse impacts related to the pandemic. Given the ongoing and dynamic nature of the circumstances surrounding COVID-19, it is difficult to predict how significant the impact of this pandemic, including any responses to it, will be on the global economy, our company and our businesses or for how long disruptions are likely to continue. The extent of such impact will depend on future developments, which are highly uncertain, rapidly evolving and cannot be predicted, including new information which may emerge concerning the severity and transmissibility of this coronavirus and actions taken, including the pace, availability, distribution and acceptance of effective vaccines, among others. Such developments, depending on their nature, duration, and intensity, could have a material adverse effect on our business, financial position, results of operations or cash flows.

We operate in industries or geographies impacted by COVID-19. Many of these are facing financial and operational hardships due to COVID-19 and responses to it. Adverse impacts on our business may include:

•a complete or partial closure of, or other operational issues at, one or more of our properties resulting from government or tenant action;

•a slowdown in business activity may severely impact our tenants' businesses, financial condition and liquidity and may cause one or more of our tenants to be unable to fund their business operations, meet their obligations to us in full, or at all, or to otherwise seek modifications of such obligations;

•tenants may reassess their long-term physical space needs as a result of potential trends arising out of the COVID-19 pandemic, including increasing numbers of employees working from home, increased shopping through e-commerce, technological innovations and new norms regarding physical space needs;

•an increase in re-leasing timelines, potential delays in lease-up of vacant space and the market rates at which such leases will be executed; and

•reduced economic activity could result in a prolonged recession, which could negatively impact consumer discretionary spending and demand.

If these and potential other disruptions caused by COVID-19 continue, our business could be materially adversely affected.

Changes in laws or regulations governing our operations, changes in the interpretation thereof or newly enacted laws or regulations and any failure by us to comply with these laws or regulations, could require changes to certain of our business practices, negatively impact our operations, cash flow or financial condition, impose additional costs on us or otherwise adversely affect our business.

Certain of our investments may result in reporting and compliance obligations under the applicable regulations of the various jurisdictions in which we make investments. To the extent that we or our investments are or may become subject to regulation by various agencies in the United States, the European Union and other jurisdictions, the costs of compliance will be borne by us. In addition, our investments are or may become subject to regulation by various governmental agencies within or outside the United States. Any change in the laws or regulations governing our operations, changes in their interpretation, or newly enacted laws or regulations and any failure by us to comply with these laws or regulations, could require changes to certain of our business practices, negatively impact our operations, cash flow or financial condition, impose additional costs on us or otherwise adversely affect our business. We cannot predict whether new legislation or regulation will be enacted by legislative bodies or governmental agencies, nor can we predict what effect such legislation or regulation might have. There can be no assurance that new legislation or regulation, including changes to existing laws and regulations, will not have a material negative impact on our investment performance.

Moreover, the SEC and various other U.S. federal, state and local agencies may conduct examinations and inquiries into, and bring enforcement and other proceedings against us, the Adviser, the Sub-Adviser, Brookfield and any of their respective affiliates. We, the Adviser, the Sub-Adviser, Brookfield and any of their respective affiliates may receive requests for information or subpoenas from the SEC and other state, federal and non U.S. regulators from time to time in connection with such inquiries and proceedings and otherwise in the ordinary course of business. These requests may relate to a broad range of matters, including specific practices of the Adviser, the Sub-Adviser or Brookfield, the securities in which the Adviser or Sub-Adviser invests on behalf of its clients or industry wide practices. The costs of any such increased reporting, registration and compliance requirements may be borne by us and may furthermore place us at a competitive disadvantage to the extent that the Adviser, the Sub-Adviser, Brookfield or any of their respective affiliates are required to disclose sensitive business information.

Financial regulatory changes in the United States could adversely affect our business.

The financial services industry continues to be the subject of heightened regulatory scrutiny in the United States. There has been active debate over the appropriate extent of regulation and oversight of private investment funds and their managers. We may be adversely affected as a result of new or revised regulations imposed by the SEC or other U.S. governmental regulatory authorities or self-regulatory organizations that supervise the financial markets. We also may be adversely affected by changes in the interpretation or enforcement of existing laws and regulations by these governmental authorities and self-regulatory organizations. Further, new regulations or interpretations of existing laws may result in enhanced disclosure obligations, including with respect to climate change or environmental, social and governance factors, which could negatively affect us and materially increase our regulatory burden. Increased regulations generally increase our costs, and we could continue to experience higher costs if new laws require us to spend more time or buy new technology to comply effectively.

Any changes in the regulatory framework applicable to our business, including the changes described above, may impose additional compliance and other costs, increase regulatory investigations of the investment activities of our funds, require the attention of our senior management, affect the manner in which we conduct our business and adversely affect our profitability. The full extent of the impact on us of any new laws, regulations or initiatives that may be proposed is impossible to determine.

We may be subject to foreign currency risk and our risk management activities may adversely affect the performance of our operations.

While the majority of our portfolio will be concentrated in the United States, we may selectively invest in large global cities where Brookfield has comprehensive capabilities, such as Toronto, London, Sydney and Seoul. As a result, some of our assets and operations may be in countries where the U.S. dollar is not the functional currency. These operations pay distributions in currencies other than the U.S. dollar which we must convert to U.S. dollars prior to making distributions on our units. A significant depreciation in the value of such foreign currencies may have a material adverse effect on our business, financial condition and results of operations.

When managing our exposure to such market risks, we may use forward contracts, options, swaps, caps, collars and floors or pursue other strategies or use other forms of derivative instruments. The success of any hedging or other derivative transactions that we enter into generally will depend on our ability to structure contracts that appropriately offset our risk position. As a result, while we may enter into such transactions in order to reduce our exposure to market risks, unanticipated market changes may result in poorer overall investment performance than if the transaction had not been executed. Such transactions may also limit the opportunity for gain if the value of a hedged position increases.

We face risks relating to the jurisdictions of our operations.

Our operations are subject to significant political, economic and financial risks, which vary by jurisdiction, and may include:

•changes in government policies or personnel;

•restrictions on currency transfer or convertibility;

•changes in labor relations;

•less developed or efficient financial markets than in North America;

•fluctuations in foreign exchange rates;

•the absence of uniform accounting, auditing and financial reporting standards, practices and disclosure requirements;

•less government supervision and regulation;

•a less developed legal or regulatory environment;

•heightened exposure to corruption risk;

•political hostility to investments by foreign investors; and

•difficulty in enforcing contractual obligations and expropriation or confiscation of assets.

Our portfolio may be concentrated in a limited number of industries, geographies or investments.

Our portfolio may be heavily concentrated at any time in only a limited number of industries, geographies or investments, and, as a consequence, our aggregate return may be substantially affected by the unfavorable performance of even a single investment. To the extent the Adviser concentrates our investments in a particular type of asset or geography, our portfolio may become more susceptible to fluctuations in value resulting from adverse economic or business conditions affecting that particular type of asset or geography, as well as the negative consequences of a single corporate, economic, political or regulatory event. For investments that we intend to finance (directly or indirectly), there is a risk that such financing may not be completed, which could result in us holding a larger percentage of our assets in a single investment and asset type than desired. Investors have no assurance as to the degree of diversification in our investments, either by geographic region or asset type.

We may change our investment and operational policies without stockholder consent.

Except for changes to the investment restrictions contained in our charter, which require stockholder consent to amend, we may change our investment and operational policies, including our policies with respect to investments, operations, indebtedness, capitalization and distributions, at any time without the consent of our stockholders, which could result in our making investments that are different from, and possibly riskier or more highly leveraged than, the types of investments described in this annual report and the prospectus for the Offering. Our board of directors also approved very broad investment guidelines with which we must comply, but these guidelines provide the Adviser with broad discretion and can be changed by our board of directors. A change in our investment strategy may, among other things, increase our exposure to real estate market fluctuations, default risk and interest rate risk, all of which could materially affect our results of operations and financial condition.

In our due diligence review of potential investments, we may rely on third-party consultants and advisors and representations made by sellers of potential portfolio properties, and we may not identify all relevant facts that may be necessary or helpful in evaluating potential investments.

Before making investments, due diligence will typically be conducted in a manner that we deem reasonable and appropriate based on the facts and circumstances applicable to each potential investment. Due diligence may entail evaluation of important and complex business, financial, tax, accounting, environmental, social, governance, real property and legal issues. Outside consultants, legal advisors, accountants, investment banks and other third parties, including affiliates of the Adviser or Brookfield, may be involved in the due diligence process to varying degrees depending on the type of investment, the costs of which will be borne by us. Such involvement of third-party advisors or consultants may present a number of risks primarily relating to the Adviser’s reduced control of the functions that are outsourced. Further, where affiliates of Brookfield are utilized, if at all, the Adviser’s management fee will not be offset for the fees paid or expenses reimbursed to such affiliates. In addition, if the Adviser is unable to timely engage third-party providers, their ability to evaluate and make more complex investments could be adversely affected. In the due diligence process and making an assessment regarding a potential investment, the Adviser will rely on any available resources, including information provided by an underlying borrower and, in some circumstances, third-party investigations. The due diligence investigation carried out with respect to any investment opportunity may not reveal or highlight all relevant facts that may be necessary or helpful in evaluating such investment opportunity. Moreover, such an investigation will not necessarily result in the investment being successful. There can be no assurance that attempts to provide downside protection with respect to investments, including pursuant to risk management procedures described in this annual report and the prospectus for the Offering, will achieve their desired effect and potential investors should regard an investment in us as being speculative and having a high degree of risk. There can be no assurance that we will be able to detect or prevent irregular accounting, employee misconduct or other fraudulent practices of the obligor during the due diligence phase or during its efforts to monitor the investments on an ongoing basis or that any risk management procedures implemented by us will be adequate. In the event of fraud by any obligor of a loan originated or acquired by us or any of our subsidiaries, we may suffer a partial or total loss of its loan made to such obligor. An additional concern is the possibility of material misrepresentation or omission on the part of such obligor. Such inaccuracy or incompleteness may adversely affect the value of the investments. We will rely upon the accuracy and completeness of representations made by such obligor in the due diligence process to the extent reasonable when it makes investments, but cannot guarantee such accuracy or completeness.

Difficulty in redeploying the proceeds from our disposed or repaid investments may cause our financial performance and returns to investors to suffer.

In light of the need to be able to deploy capital quickly to capitalize on potential investment opportunities or to establish reserves for anticipated debts, liabilities or obligations, including liquidity needs, cash may be held by us in money market investments pending deployment into other investments, the amount of which may at times be significant. Such cash may be held in an account for the benefit of our stockholders that may be invested in money market investments or other similar temporary investments pending deployment into other investments. While the duration of any such holding period is expected to be relatively short, in the event the Adviser is unable to find suitable investments, such cash positions (including money market investments) may be held for longer periods, which would be dilutive to overall investment returns. It is not anticipated that the temporary investment of such cash into money market investments will generate significant interest, and such low interest payments on the temporarily invested cash may adversely affect our overall investment returns.

Competition in acquiring properties may reduce our profitability and our results of operations.

The activity of identifying, completing and realizing attractive real estate and real estate-related investments is highly competitive and involves a high degree of uncertainty and risk. We face competition for investments from other real estate investment vehicles, as well as individuals and companies, publicly-traded REITs, financial institutions (such as mortgage banks and pension funds), hedge funds and investment funds affiliated with other financial sponsors or institutional real estate investors, private equity and debt investors, and credit vehicles, some of which are likely a source of reasonable alternatives under Regulation Best Interest. Further, over the past several years, many real estate funds and publicly traded REITs have been formed (and many such existing funds have grown in size) for the purpose of investing in real estate assets and real estate debt. In recent years, hedge funds and other participants have also become increasingly active in the private mezzanine market. Other funds may have investment objectives that overlap with us, which may create competition for investment opportunities. Some competitors may have a lower cost of funds and access to funding sources that are not available to us, and may have higher risk tolerances or different risk assessments, which could allow them to consider a wider variety of investments and establish more relationships. The competitive pressures could impair our business, financial condition and results of operations. As a result of this competition, we may not be able to take advantage of attractive investment opportunities. Despite the difficulties faced by many financial sponsors and private investment firms with respect to raising capital for alternative asset management programs, real estate remains an attractive sector and firms that have successful track records in exploiting opportunities within that space maintain and continue to raise extraordinary amounts of capital, which further increases the competition for attractively priced real estate assets. There can be no assurance that the Adviser will be able to locate, complete and exit investments which satisfy

our objectives, or realize upon their values. These risks may be exaggerated as a result of the investment allocation policy adopted by Brookfield.

Furthermore, disruptions and dislocations in the credit markets could have a material impact on the cost and availability of debt to finance real estate acquisitions. The lack of available debt on reasonable terms or at all could result in a further reduction of suitable investment opportunities and create a competitive advantage for other entities that have greater financial resources than we do. In addition, over the past several years, a number of real estate funds and publicly traded and non-listed REITs have been formed and others have been consolidated (and many such existing funds have grown in size) for the purpose of investing in real estate and/or real estate-related assets. Additional real estate funds, vehicles and REITs with similar investment objectives may be formed in the future by other unrelated parties and further consolidations may occur (resulting in larger funds and vehicles). Also in recent years, hedge funds and other participants have become increasingly active in the private mezzanine market. It is expected that competition for appropriate investment opportunities would reduce the number of investment opportunities available to us and adversely affecting the terms, including price, upon which investments can be made. This competition may cause us to acquire properties and other investments at higher prices or by using less-than-ideal capital structures, and in such case our returns will be lower and the value of our assets may not appreciate or may decrease significantly below the amount we paid for such assets. If such events occur, our results of operations may be adversely impacted.

We face risks associated with property acquisitions.

We intend to acquire properties and portfolios of properties, including large portfolios that could result in changes to our capital structure. Our acquisition activities and their success are subject to the following risks:

•we may be unable to complete an acquisition after making a non-refundable deposit and incurring certain other acquisition-related costs;

•we may be unable to obtain financing for acquisitions on commercially reasonable terms or at all;

•acquired properties may fail to perform as expected;

•acquired properties may be located in new markets in which we may face risks associated with a lack of market knowledge or understanding of the local economy, lack of business relationships in the area and unfamiliarity with local governmental and permitting procedures; and

•we may be unable to quickly and efficiently integrate new acquisitions, particularly acquisitions of portfolios of properties, into our existing operations.

In addition, we may acquire assets that require some amount of capital investment in order to be repositioned. These investments are generally subject to higher risk of loss than investments in stabilized real estate and there is no guarantee that any repositioning will be successful, or that the actual costs will not be greater than our estimates.

We have made and may continue to make joint venture investments, with both third parties and Other Brookfield Accounts. Joint venture investments could be adversely affected by our lack of sole decision-making authority, our reliance on the financial condition of our joint venture partners and disputes between us and our joint venture partners.

We have made joint venture investments with third parties and Other Brookfield Accounts and may, subject to the requirements in our charter, continue to co-invest with Other Brookfield Accounts or third parties through funds, joint ventures or other entities. Under our charter, we may invest in joint ventures with Brookfield or its affiliates, including the Adviser, only if a majority of our board of directors (including a majority of independent directors) not otherwise interested in the transaction approve such investment as being fair and reasonable to us and on substantially the same terms and conditions as, or more favorable than, those received by other joint venturers.

Joint venture investments may involve risks not present in investments where a third party is not involved, including the possibility that a co-venturer or partner may at any time have other business interests and investments other than the joint venture with us, may have economic or business goals different from ours, and may be in a position to take actions contrary to our policies or objectives. Joint venture partners might become bankrupt or fail to fund their required capital contributions. Consequently, actions by or disputes with joint venture partners might result in subjecting properties owned by the joint venture to additional risk. In addition, we may be liable for actions of its co-venturers or partners. Our ability to exercise control or significant influence over management in these cooperative efforts will depend upon the nature of the joint venture arrangement. Such investments may have the potential risk of impasses on decisions, such as a sale, because neither we nor the joint venture partner has full control over the joint venture. Disputes between us and joint venture partners may result in litigation or arbitration that would increase our expenses and prevent our officers and directors from focusing their time and effort on our business. In addition, such arrangements are likely to involve restrictions on the resale of our interest in the joint venture.

Some additional risks and conflicts related to our joint venture investments (including joint venture investments with Brookfield affiliates) include:

•the joint venture partner could have economic or other interests that are inconsistent with or different from our interests, including interests relating to the financing, management, operation, leasing or sale of the assets purchased by such joint venture;

•Investment Company Act and other regulatory requirements applicable to the joint venture partner could cause it to want to take actions contrary to our interests;

•the joint venture partner could have joint control or joint governance of the joint venture even in cases where its economic stake in the joint venture is significantly less than ours;

•under the joint venture arrangement, it is possible that neither we nor the joint venture partner will be in a position to unilaterally control the joint venture, and deadlocks may occur. Such deadlocks could adversely impact the operations and profitability of the joint venture, including as a result of the inability of the joint venture to act quickly in connection with a potential acquisition or disposition. In addition, depending on the governance structure of such joint venture partner, decisions of such vehicle may be subject to approval by individuals who are independent of Brookfield;

•under the joint venture arrangement, we and the joint venture partner may have a buy or sell right and, as a result of an impasse that triggers the exercise of such right, we could be forced to sell our investment in the joint venture, or buy the joint venture partner’s share of the joint venture at a time when it would not otherwise be in our best interest to do so;

•our participation in investments in which a joint venture partner participates will be less than what our participation would have been had such other vehicle not participated, and because there may be no limit on the amount of capital that such joint venture partner can raise, the degree of our participation in such investments may decrease over time;

• under the joint venture arrangement, we and the joint venture partner could each have preemptive rights in respect of future issuances by the joint venture, which could limit a joint venture’s ability to attract new third-party capital;

•under the joint venture arrangement, we and the joint venture partner could be subject to lock-ups, which could prevent us from disposing of our interests in the joint venture at a time it determines it would be advantageous to exit; and

•the joint venture partner could have a right of first offer, tag-along rights, drag-along rights, consent rights or other similar rights in respect of any transfers of the ownership interests in the joint venture to third parties, which could have the effect of making such transfers more complicated or limiting or delaying us from selling our interest in the applicable investment.

Furthermore, we may have conflicting fiduciary obligations if we acquire properties with our affiliates or other related entities. As a result, in any such transaction, we may not have the benefit of arm’s-length negotiations of the type normally conducted between unrelated parties.

We may have difficulty selling our properties, which may limit our flexibility and ability to pay distributions.

Because real estate investments are relatively illiquid, it could be difficult for us to promptly sell one or more of our properties on favorable terms. This may limit our ability to change our portfolio quickly in response to adverse changes in the performance of any such property or economic or market trends. In addition, U.S. federal tax laws that impose a 100% excise tax on gains from sales of dealer property by a REIT (generally, property held for sale, rather than investment) could limit our ability to sell properties and may affect our ability to sell properties without adversely affecting returns to our stockholders. These restrictions could adversely affect our results of operations and financial condition.

The sale and disposition of real properties carry certain litigation risks at the property level that may reduce our profitability.

The acquisition, ownership and disposition of real properties carry certain specific litigation risks. Litigation may be commenced with respect to a property acquired by us in relation to activities that took place prior to our acquisition of such property. In addition, at the time of disposition of an individual property, a potential buyer may claim that it should have been afforded the opportunity to purchase the asset or alternatively that such potential buyer should be awarded due diligence expenses incurred or statutory damages for misrepresentation relating to disclosure made, if such buyer is passed over in favor of another as part of our efforts to maximize sale proceeds. Similarly, successful buyers may later sue us under various damage theories, including those sounding in tort, for losses associated with latent defects or other problems not uncovered in due diligence.

Additionally, because the effectiveness of judicial systems in the countries in which we may invest varies, we may have difficulty in foreclosing or successfully pursuing claims in the courts of certain countries as compared to the United States.

Further, to the extent we obtain a judgment but are required to seek its enforcement in the courts of one of the countries in which we invest, there can be no assurance that such courts will enforce such judgment. The laws of many nations lack the sophistication and consistency found in the United States with respect to foreclosure, bankruptcy, corporate reorganization and creditors’ rights.

We rely on property managers to operate our properties and leasing agents to lease vacancies in our properties.

The Adviser and the Sub-Adviser hire property managers to manage our properties and leasing agents to lease vacancies in our properties. These property managers may be our affiliates or partners in joint ventures that we enter into. We may also use portfolio entities owned by Brookfield to provide these property management, leasing and similar services. The property managers have significant decision-making authority with respect to the management of our properties. We are particularly dependent on property managers of any hospitality and leisure properties we invest in. In cases where we use third party property managers, our ability to direct and control how our properties are managed on a day-to-day basis may be limited. Thus, the success of our business may depend in large part on the ability of our property managers to manage the day-to-day operations and the ability of our leasing agents to lease vacancies in our properties. In cases where we use one of Brookfield's portfolio entities to provide property management services, we will directly incur the expenses of property management and the other costs and obligations associated with operating the portfolio entity, including the compensation of the portfolio entity employees. Any adversity experienced by, or problems in our relationship with, our property managers or leasing agents could adversely impact the operation and profitability of our properties.

We will depend on tenants for our revenue, and therefore our revenue will be dependent on the success and economic viability of our tenants. Our reliance on single or significant tenants in certain buildings may decrease our ability to lease vacated space.

We expect that rental income from real property will, directly or indirectly, constitute a significant portion of our income. Delays in collecting accounts receivable from tenants could adversely affect our cash flows and financial condition. In addition, the inability of a single major tenant or a number of smaller tenants to meet their rental obligations would adversely affect our income. Therefore, our financial success will be indirectly dependent on the success of the businesses operated by the tenants in our properties or in the properties securing loans we may own. The weakening of the financial condition of or the bankruptcy or insolvency of a significant tenant or a number of smaller tenants and vacancies caused by defaults of tenants or the expiration of leases may adversely affect our operations and our ability to pay distributions.

Generally, under U.S. bankruptcy law, a debtor tenant has 120 days to exercise the option of assuming or rejecting the obligations under any unexpired lease for nonresidential real property, which period may be extended once by the bankruptcy court for an additional 90 days. If the tenant assumes its lease, the tenant must cure all defaults under the lease and may be required to provide adequate assurance of its future performance under the lease. If the tenant rejects the lease, we will have a claim against the tenant’s bankruptcy estate. Although rent owing for the period between filing for bankruptcy and rejection of the lease may be afforded administrative expense priority and paid in full, pre-bankruptcy arrears and amounts owing under the remaining term of the lease will be afforded general unsecured claim status (absent collateral securing the claim). Moreover, amounts owing under the remaining term of the lease will be capped. Other than equity and subordinated claims, general unsecured claims are the last claims paid in a bankruptcy and therefore funds may not be available to pay such claims in full.

Some of our properties may be leased to a single or significant tenant or tenants in a related industry and, accordingly, may be suited to the particular needs of such tenant or tenants and may be susceptible to risk if the business of such tenant or tenants is adversely affected. We may have difficulty replacing such a tenant or tenants and may not be able to lease the property on the same terms to a future tenant. In addition, the resale value of the property could be diminished because the market value of a particular property will depend principally upon the value of the leases of such property.

We may be unable to renew leases as leases expire.

We may not be able to lease properties that are vacant or become vacant because a tenant decides not to renew its lease or by the continued default of a tenant under its lease. In addition, certain of the properties we acquire may have some level of vacancy at the time of acquisition. Certain other properties may be specifically suited to the particular needs of a tenant and may become vacant after we acquire them. Even if a tenant renews its lease or we enter into a lease with a new tenant, the terms of the new lease may be less favorable than the terms of the old lease. In addition, the resale value of the property could be diminished because the market value may depend principally upon the value of the property’s leases. If we are unable to promptly renew or enter into new leases, or if the rental rates are lower than expected, our results of operations and financial condition will be adversely affected. For example, following the termination or expiration of a tenant’s lease there may be a period of time before we will begin receiving rental payments under a replacement lease. During that period, we will continue to bear fixed expenses such as interest, real estate taxes, maintenance, security, repairs and other operating expenses. In addition, declining economic conditions may impair our ability to attract replacement tenants and achieve rental rates equal to or greater than the rents paid under previous leases. Increased competition for tenants may require us to make capital improvements to properties which would not have otherwise been planned. Any unbudgeted capital improvements that we

undertake may divert cash that would otherwise be available for distributions or for satisfying repurchase requests. Ultimately, to the extent that we are unable to renew leases or re-let space as leases expire, decreased cash flow from tenants will result, which could adversely impact our operating results.

We may be required to expend funds to correct defects or to make improvements before a tenant can be found for a property at an attractive lease rate or an investment in a property can be sold. No assurance can be given that we will have funds available to correct those defects or to make those improvements. In acquiring a property, we may agree to lock-out provisions that materially restrict us from selling that property for a period of time or impose other restrictions, such as a limitation on the amount of debt that can be placed on that property. These factors and others that could impede our ability to respond to adverse changes in the performance of our properties could significantly affect our financial condition and operating results.

Our properties will face significant competition.

We may face significant competition from owners, operators and developers of properties. Substantially all of our properties will face competition from similar properties in the same market. This competition may affect our ability to attract and retain tenants and may reduce the rents we are able to charge. These competing properties may have vacancy rates higher than our properties, which may result in their owners being willing to lease available space at lower prices than the space in our properties. If one of our properties were to lose an anchor tenant, this could impact the leases of other tenants, who may be able to modify or terminate their leases as a result.

Our properties may be leased at below-market rates under long-term leases.

We may seek to negotiate longer-term leases to reduce the cash flow volatility associated with lease rollovers, provided that contractual rent increases are included. In addition, where appropriate, we will seek leases that provide for operating expenses, or expense increases, to be paid by the tenants. These leases may allow tenants to renew the lease with pre-defined rate increases. If we do not accurately judge the potential for increases in market rental rates, we may set the rental rates of these long-term leases at levels such that even after contractual rental increases, the resulting rental rates are less than then-current market rental rates. Further, we may be unable to terminate those leases or adjust the rent to then-prevailing market rates. As a result, our income and distributions to our stockholders could be lower than if we did not enter into long-term leases.

We may experience material losses or damage related to our properties and such losses may not be covered by insurance.

We may experience losses related to our properties arising from natural disasters such as extreme weather events, climate change, earthquakes or floods, and acts of God, vandalism or other crime, faulty construction or accidents, fire, outbreaks of an infectious disease, pandemic or any other serious public health concern, war, acts of terrorism or other catastrophes. We plan to carry insurance covering our properties under policies the Adviser and the Sub-Adviser, as applicable, deem appropriate. The Adviser and the Sub-Adviser will select policy specifications and insured limits that it believes to be appropriate and adequate given the relative risk of loss, the cost of the coverage and industry practice. Insurance policies on our properties may include some coverage for losses that are generally catastrophic in nature, such as losses due to terrorism, earthquakes, typhoons and floods, though certain losses of a catastrophic nature may be uninsurable or insurable at such high rates that to maintain such coverage would cause an adverse impact to our profitability. Moreover, we cannot assure you that any insurance coverage we carry will be adequate to cover all losses and some of our policies will be insured subject to limitations involving large deductibles or co-payments and policy limits that may not be sufficient to cover losses. In general, losses related to terrorism are becoming harder and more expensive to insure against. Some insurers are excluding terrorism coverage from their all-risk policies. In some cases, the insurers are offering significantly limited coverage against terrorist acts for additional premiums, which can greatly increase the total costs of casualty insurance for a property. As a result, not all investments may be insured against terrorism. A similar dynamic has been unfolding with respect to certain weather and fire events, with insurers excluding certain investments that have high risk of weather, earthquake or fire events. As the effects of climate change increase, we expect the frequency and impact of weather and climate related events and conditions could increase as well. If we or one or more of our tenants experience a loss that is uninsured or that exceeds policy limits, we could lose the capital invested in the damaged properties as well as the anticipated future cash flows from those properties. In addition, if the damaged properties are subject to recourse indebtedness, we would continue to be liable for the indebtedness, even if these properties were irreparably damaged. Certain of these events, such as war or an outbreak of an infectious disease, could have a broader negative impact on the global or local economy, thereby affecting us, the Adviser or the Sub-Adviser.

We could become subject to liability for environmental violations, regardless of whether we caused such violations.

Our investments may be exposed to substantial risk of loss from environmental claims arising from underlying real estate-related assets with undisclosed or unknown environmental problems or as to which inadequate reserves had been established, as well as from occupational safety issues and concerns. For instance, we could become subject to liability in the form of fines or damages for noncompliance with environmental laws and regulations. These laws and regulations generally govern wastewater discharges, air emissions, the operation and removal of underground and above-ground storage tanks, the use, storage, treatment, transportation and disposal of solid hazardous materials, the remediation of contaminated property associated with

the disposal of solid and hazardous materials and other health and safety-related concerns. Some of these laws and regulations may impose joint and several liability on tenants, owners or operators for the costs of investigation or remediation of contaminated properties, regardless of fault or the legality of the original disposal. Under various federal, state and local environmental laws, ordinances, and regulations, a current or former owner or operator of real property may be liable for the cost to remove or remediate asbestos or other hazardous or toxic substances, wastes, or petroleum products on, under, from, or in such property. Such laws often impose such liability without regard to whether the owner knew of, or was responsible for, the presence of such hazardous or toxic substances. These and related costs, including governmental fines and costs of injuries to persons and property, could be substantial, and substantially in excess of the value of the property, and liability under these laws may attach whether or not the owner or operator knew of, or was responsible for, the presence of such contamination. Even if more than one person may have been responsible for the contamination, each liable party may be held entirely responsible for all of the clean-up costs incurred. Further, even if we are indemnified by an obligor against losses and liabilities arising out of violations of environmental laws and regulations, there can be no assurance as to the financial ability of such obligor to satisfy such indemnities or our ability to achieve enforcement of such indemnities.

In addition, third parties may sue the owner or operator of a property for damages based on personal injury, natural resources, or property damage or for other costs, including investigation and clean-up costs, resulting from the environmental contamination. The presence of contamination on one of our properties, or the failure to properly remediate a contaminated property, could give rise to a lien in favor of the government for costs it may incur to address the contamination, or otherwise adversely affect our ability to sell or lease the property or borrow using the property as collateral. Noncompliance with environmental regulations may allow a governmental authority to order the owner/operator to cease operations at the property or to incur substantial costs and expenses to bring the property into compliance through the implementation of burdensome remediation or prophylactic measures. In addition, if contamination is discovered on our properties, environmental laws may impose restrictions on the manner in which the property may be used or businesses may be operated, and these restrictions may require substantial expenditures or prevent us from entering into leases with prospective tenants. There can be no assurance that environmental laws relating to real estate transactions will not be amended in ways that could adversely affect our investments, that future laws, ordinances or regulations will not impose any material environmental liability, or that the environmental condition of our properties will not be affected by the operations of tenants, the existing condition of the land or operations in the vicinity of such properties. There can also be no assurance that these laws, or changes in these laws, will not have a material adverse effect on our business, results of operations or financial condition.

Moreover, the presence of hazardous or toxic substances, or the failure to properly remediate contamination from such substances, may adversely affect the value of a property, which could have an adverse effect on our return from the related investment. In addition, a remediated property may attract a limited number of potential purchasers because of such property’s history of contamination, which might also adversely affect the owner’s ability to sell this property. A transfer of property may also not relieve from liability a person who owned the property at a time when hazardous or toxic substances were disposed of on, or released from, such property.

Furthermore, when compared to the United States, the historical lack or inadequacy of environmental regulation in certain other countries has led to widespread pollution of air, ground and water resources, and the legislative framework for environmental liability in such countries has not been fully established or implemented. The extent of responsibility, if any, for the costs of abating environmental hazards may be unclear when we are considering an investment, either within or outside the United States.

Our costs associated with complying with the Americans with Disabilities Act of 1990 (the “ADA”) may affect cash available for distribution.

Any domestic properties we acquire will generally be subject to the ADA. Under the ADA, all places of public accommodation are required to comply with federal requirements related to access and use by disabled persons. The ADA has separate compliance requirements for “public accommodations” and “commercial facilities” that generally require that buildings and services be made accessible and available to people with disabilities. The ADA’s requirements could require removal of access barriers and could result in the imposition of injunctive relief, monetary penalties or, in some cases, an award of damages. We may not acquire properties that comply with the ADA or we may not be able to allocate the burden on the seller or other third-party, such as a tenant, to ensure compliance with the ADA in all cases.

The properties we acquire will be subject to property taxes that may increase in the future, which could adversely affect our cash flow.

Any properties we acquire will be subject to real and personal property taxes that may increase as property tax rates change and as the properties are assessed or reassessed by taxing authorities. Some of our leases may provide that the property taxes, or increases therein, are charged to the lessees as an expense related to the properties that they occupy. As the owner of the properties, however, we are ultimately responsible for payment of the taxes to the government. If property taxes increase, our tenants may be unable to make the required tax payments, ultimately requiring us to pay the taxes. In addition, we will generally be responsible for property taxes related to any vacant space. If we purchase residential properties, the leases for such properties typically will not allow us to pass through real estate taxes and other taxes to residents of such properties. Consequently, any tax increases may adversely affect our results of operations at such properties.

Certain of our investments may be in the form of ground leases, which provide limited rights to the underlying property.

We may invest in real estate properties that are subject to ground leases. As a lessee under a ground lease, we may be exposed to the possibility of losing the property upon termination, or an earlier breach by us, of the ground lease, which may adversely impact our investment performance. Furthermore, ground leases generally provide for certain provisions that limit the ability to sell certain properties subject to the lease. In order to assign or transfer rights and obligations under certain ground leases, we will generally need to obtain consent of the landlord of such property, which, in turn, could adversely impact the price realized from any such sale.

We could be negatively impacted by the condition of Fannie Mae or Freddie Mac and by changes in government support for multifamily housing.

Fannie Mae and Freddie Mac are a major source of financing for multifamily real estate in the United States. We expect to utilize loan programs sponsored by these entities as a key source of capital to finance our growth and our operations. A decision by the U.S. government to eliminate or downscale Fannie Mae or Freddie Mac or to reduce government support for multifamily housing more generally may adversely affect interest rates, capital availability, development of multifamily communities and the value of multifamily assets and, as a result, may adversely affect our future growth and operations. Any potential reduction in loans, guarantees and credit-enhancement arrangements from Fannie Mae and Freddie Mac could jeopardize the effectiveness of the multifamily sector’s derivative securities market, potentially causing breaches in loan covenants, and through reduced loan availability, impact the value of multifamily assets, which could impair the value of a significant portion of multifamily communities. Specifically, the potential for a decrease in liquidity made available to the multifamily sector by Fannie Mae and Freddie Mac could:

•make it more difficult for us to secure new takeout financing for any multifamily development projects we acquire;

•hinder our ability to refinance any completed multifamily assets;

•decrease the amount of available liquidity and credit that could be used to broaden our portfolio through the acquisition of multifamily assets; and

•require us to obtain other sources of debt capital with potentially different terms.

Short-term leases associated with any multifamily or single family rental properties we acquire may expose us to the effects of declining market rent and could adversely impact our ability to make cash distributions to our stockholders.

We expect that, to the extent that we invest in any multifamily properties and single family rental properties, substantially all of our leases will be on a short-term basis. Because these leases generally permit the residents to leave at the end of the lease term without penalty, our rental revenues may be impacted by declines in market rents more quickly than if our leases were for longer terms.

Increased levels of unemployment could adversely affect the occupancy and rental rates of any multifamily and single family rental properties we acquire.

Increased levels of unemployment in markets where we are invested in multifamily and single family rental properties could significantly decrease occupancy and rental rates. In times of increasing unemployment, occupancy and rental rates have historically been adversely affected by:

•oversupply or reduced demand for housing;

•rental residents deciding to share rental units and therefore rent fewer units;

•potential residents moving back into family homes or delaying leaving family homes;

•a reduced demand for higher-rent properties;

•a decline in household formation;

•persons enrolled in college delaying leaving college or choosing to proceed to or return to graduate school in the absence of available employment;

•rent control or rent stabilization laws, or other laws regulating housing, that could prevent us from raising rents sufficiently to offset increases in operating costs;

•the inability or unwillingness of residents to pay rent increases; and

•increased collection losses.

These factors generally have contributed to lower rental rates and our results of operations, financial condition and ability to make distributions to our stockholders may be adversely affected if these factors do not improve or worsen.

If any credit market disruptions or economic slowdowns occur, any investments in multifamily properties may face increased competition from single-family homes and condominiums for rent, which could limit our ability to retain residents, lease apartment units or increase or maintain rents.

Any multifamily properties in which we invest may compete with numerous housing alternatives in attracting residents, including single-family homes and condominiums available for rent. Such competitive housing alternatives may become more prevalent in a particular area in the event of any tightening of mortgage lending underwriting criteria, homeowner foreclosures, declines in single-family home and condominium sales or lack of available credit. The number of single-family homes and condominiums for rent in a particular area could limit our ability to retain residents, lease apartment units or increase or maintain rents.

Rent control and other changes in applicable laws, or noncompliance with applicable laws, could adversely affect our multifamily and single family rental properties.

Lower revenue growth or significant unanticipated expenditures may result from changes in rent control or rent stabilization laws or other residential landlord/tenant laws. Municipalities may implement, consider or be urged by advocacy groups to consider rent control or rent stabilization laws and regulations or take other actions that could limit our ability to raise rents based on market conditions. Any future enactments of rent control or rent stabilization laws or other laws regulating housing, as well as any lawsuits against us arising from such rent control or other laws, may reduce rental revenues or increase operating costs. Such laws and regulations may limit our ability to charge market rents, increase rents, evict tenants or recover increases in our operating costs and could make it more difficult for us to dispose of properties in certain circumstances. Expenses associated with investments in residential properties, such as debt service, real estate taxes, insurance and maintenance costs, are generally not reduced when circumstances cause a reduction in rental income from such properties.

The multifamily properties in which we invest must comply with the Fair Housing Amendment of 1988 (the "FHAA").

The multifamily properties in which we invest domestically, if any, must comply with the FHAA which requires that multifamily properties first occupied after March 13, 1991 be accessible to handicapped residents and visitors. Compliance with the FHAA could require removal of structural barriers to handicapped access in a community, including the interiors of apartment units covered under the FHAA. Recently there has been heightened scrutiny of multifamily housing communities for compliance with the requirements of the FHAA and the ADA and an increasing number of substantial enforcement actions and private lawsuits have been brought against multifamily properties to ensure compliance with these requirements. Noncompliance with the FHAA and the ADA could result in the imposition of fines, awards of damages to private litigants, payment of attorneys’ fees and other costs to plaintiffs, substantial litigation costs and substantial costs of remediation.

We may be adversely affected by trends in the office real estate industry.

Some businesses are rapidly evolving to make employee telecommuting, flexible work schedules, open workplaces and teleconferencing increasingly common. These practices enable businesses to reduce their space requirements. A continuation of the movement towards these practices could over time erode the overall demand for office space and, in turn, place downward pressure on occupancy, rental rates and property valuations, each of which could have an adverse effect on our financial position, results of operations, cash flows and ability to make expected distributions to our stockholders. We may also be negatively impacted by competition from other short-term office or shared space leasing companies.

Our logistics tenants may be adversely affected by a decline in manufacturing activity in the United States.

Fluctuations in manufacturing activity in the United States may adversely affect our logistics tenants and therefore the demand for and profitability of our logistics properties. Trade agreements with foreign countries have given employers the option to utilize less expensive foreign manufacturing workers. Outsourcing manufacturing activities could reduce the demand for U.S. workers, thereby reducing the profitability of our logistics tenants and the demand for and profitability of our logistics properties.

Certain of our properties may be special use or build-to-suit and may be difficult to sell or relet upon tenant defaults or lease terminations.

Certain of our properties may include special use or build-to-suit properties. These types of properties are relatively illiquid compared to other types of real estate and financial assets and this illiquidity will limit our ability to quickly change our portfolio in response to changes in economic or other conditions. With such properties, if the current lease is terminated or not renewed, we may be required to renovate the property or to make rent concessions in order to lease the property to another tenant, finance the property or sell the property. In addition, in the event we are forced to sell the property, we may have difficulty selling it to a party other than the tenant or borrower due to the special purpose for which the property may have been designed. These and other limitations may affect our ability to sell or relet these properties and adversely affect our results of operations at such properties.

Our retail tenants will face competition from numerous retail channels.

Retailers leasing our properties will face continued competition from discount or value retailers, factory outlet centers, wholesale clubs, mail order catalogues and operators, television shopping networks and shopping via the internet. Such competition could adversely affect our tenants and, consequently, our revenues and funds available for distribution.

Retail properties depend on anchor tenants to attract shoppers and could be adversely affected by the loss of a key anchor tenant.

We may acquire retail properties in the future. Retail properties, like other properties, are subject to the risk that tenants may be unable to make their lease payments or may decline to extend a lease upon its expiration. A lease termination by a tenant that occupies a large area of a retail center (commonly referred to as an anchor tenant) could impact leases of other tenants. Other tenants may be entitled to modify the terms of their existing leases in the event of a lease termination by an anchor tenant, or the closure of the business of an anchor tenant that leaves its space vacant even if the anchor tenant continues to pay rent. Any such modifications or conditions could be unfavorable to us as the property owner and could decrease rents or expense recoveries. Additionally, major tenant closures may result in decreased customer traffic, which could lead to decreased sales at other stores. In the event of default by a tenant or anchor store, we may experience delays and costs in enforcing our rights as landlord to recover amounts due to us under the terms of our agreements with those parties.

General Risks Related to Real Estate-Related Investments

Investments in real estate-related debt securities are subject to various risks, including creditor risks and early redemption features, which may materially adversely affect our results of operations and financial condition.

We expect to invest in public and private debt investments and other obligations relating to real estate assets and real estate-related companies. The value of these debt investments and whether and to what extent such investments perform as expected will depend, in part, on the prevailing conditions in the market for real estate investment generally and, in particular, on the value of the underlying real estate asset collateral or real estate-related companies to which such debt investments relate. Real estate-related debt securities can also be very volatile and their value can change rapidly and dramatically, including in response to changes in interest rates and other market events.

Investments in real estate debt also involve many unique risks. For example, debt instruments may be “non-recourse” loans where the sole recourse for the repayment will be the underlying real estate-related asset. As a result, the ability of obligors to make payments is dependent upon the underlying real estate-related asset rather than upon the existence of independent income or assets of such obligors or any parent guarantees. The debt securities and instruments that we invest in may be subject to early redemption features, refinancing options, pre-payment options or similar provisions which, in each case, could result in obligors of such securities or loans repaying principal to us earlier than expected, resulting in a lower return to us than projected (even taking into consideration any make-whole or similar feature). In addition, certain of the debt securities and instruments in which we invest may be structured so that all or a substantial portion of the principal will not be paid until maturity, which increases the risk of default at that time.

We may invest in mortgages, real estate loans, securities and other relatively illiquid investments.

Subject to the limitations in our charter, we may invest in mortgages, real estate loans, securities and other relatively illiquid investments. All or a significant portion of our assets may consist of private investments, investments that are thinly-traded, investments for which no market exists or investments that are restricted as to their transferability under applicable securities laws or documents governing particular transactions. Some securities or instruments that were liquid at the time they were acquired may, for a variety of reasons which may not be in our control, later become illiquid. This factor may have the effect of limiting the availability of these securities or instruments for purchase by us and may also limit our ability to sell such investments at their fair market value in response to changes in the economy or the financial markets. Due to securities regulations governing certain publicly-traded equity securities, our ability to sell securities could also be diminished with respect to equity holdings that represent a significant portion of the issuer’s securities (particularly if we have designated one or

more directors of the issuer). As a result, we may be unable to effectively dispose of certain assets on favorable terms or at all, which could adversely affect our profitability.

We may face risks in connection with frequent trading in and high portfolio turnover of our real estate-related debt portfolio and our Liquidity Sleeve.

The different strategies used by the Adviser and the Sub-Adviser with respect to our real estate-related debt portfolio and our Liquidity Sleeve may, from time to time, require frequent trading and a high portfolio turnover. The more frequently we trade, the higher the commission and transaction costs and certain other expenses involved in our operations. These costs will be borne by us regardless of the profitability of our investment and trading activities. In addition, a high portfolio turnover may increase the recognition of short-term, rather than long-term, capital gains.

We may invest in distressed securities and some of our securities investments may become distressed, which securities would have a high risk of default and may be illiquid, and which may subject us to losses and other risks relating to bankruptcy proceedings.

While we intend to invest primarily in “performing” real estate loans and other debt securities, real estate loans acquired by us may be non-performing at the time of their acquisition or may become non-performing following their acquisition for a wide variety of reasons. Such non-performing real estate loans may require a substantial amount of workout negotiations or restructuring, which may entail, among other things, a substantial reduction in the interest rate and a substantial write-down of the principal of such loan. However, even if a restructuring were successfully accomplished, a risk exists that, upon maturity of such real estate loan, replacement “takeout” financing will not be available. Purchases of participations in real estate loans raise many of the same risks as investments in real estate loans and also carry risks of illiquidity and lack of control.

The Adviser or the Sub-Adviser may find it necessary or desirable to foreclose on collateral securing one or more real estate loans purchased by us. The foreclosure process varies by jurisdiction and can be lengthy and expensive. Borrowers often assert claims, counterclaims and defenses to delay or prevent foreclosure actions, which can prolong and complicate an already difficult and time-consuming process. In some states or other jurisdictions, foreclosure actions can take up to several years or more to conclude. During the foreclosure proceedings, a borrower may have the ability to file for bankruptcy, which would have the effect of staying the foreclosure action and further delaying the process, and materially increasing the expense thereof which expenses may or may not be recoverable by us. Foreclosure litigation may create a negative public image of the collateral property and may result in disrupting ongoing leasing and management of the property. In addition, anti-deficiency and related laws in certain states and countries limit recourse and remedies available against borrowers in connection with or as a result of foreclosure proceedings or other enforcement actions taken with respect to such borrowers. Such laws can result in the loss of liens on collateral or personal recourse against a borrower altogether.

Investments in subordinated debt carry greater risks than those associated with senior obligations.

The debt securities and instruments in which we may invest include secured or unsecured debt at various levels of an issuer’s capital structure. As part of our investment strategy, it is anticipated that we will invest in a range of mezzanine, junior tranches of debt securities in an issuer’s capital structure and pools or tranches of CMBS comprised of securities that are subordinated or otherwise junior in an issuer’s capital structure. To the extent we invest in unsecured or relatively junior debt securities in an issuer’s capital structure, such investments may be subordinated to substantial amounts of senior secured indebtedness. Investments in subordinated debt securities involve greater credit risk of default than the more senior classes of such issuance or series. Subordinated or junior tranches in an issuer’s capital structure absorb losses from default before other more senior tranches to which such junior tranches are subordinate. As a result, to the extent we invest in such debt, we would potentially receive payments or interest distributions after, and must bear the effects of losses or defaults on the underlying mortgage loans before, the holders of other more senior tranches of debt.

In addition, our ability to influence an issuer’s affairs is likely to be substantially less than that of senior creditors. Mezzanine and B-note loans are typically subject to intercreditor arrangements, the provisions of which may prohibit or restrict the ability of the holder of a mezzanine or B-note loan to (i) exercise remedies against the collateral with respect to their loans; (ii) challenge any exercise of remedies against the collateral by the first-lien lenders with respect to their first liens; (iii) challenge the enforceability or priority of the first liens on the collateral; and (iv) exercise certain other secured creditor rights, both before and during a bankruptcy of the borrower. Accordingly, our ability to influence an obligor’s affairs, especially during periods of financial distress or following an insolvency, is likely to be substantially less than that of a senior creditor. For example, under terms of intercreditor agreements, senior creditors will typically be able to restrict the exercise by us of our rights as a creditor. Accordingly, we may not be able to take the steps necessary to protect our investments in a timely manner or at all.

Further, unlike mortgage financings in which a lender makes a loan to a property owner in exchange for a security interest in the underlying real property, real estate mezzanine financing is generally made to a direct or indirect parent of the property owner in exchange for a direct or indirect pledge of the equity interest in the property owner. The parent of the property owner is commonly set up as a single purpose entity intended to be a “bankruptcy remote” entity which owns only the equity interest

in the property owner. In such a circumstance, our remedies in the event of non-performance would include foreclosure on the equity interests pledged by the parent of such property. While the foreclosure process on such equity interests is generally faster and less cumbersome than foreclosure on real property, such foreclosure process may nevertheless involve the risks discussed in the preceding paragraph. Furthermore, such mezzanine financing may involve multiple levels of mezzanine loans to multiple levels of mezzanine borrowers (each pledging its equity interest in the borrower under the more senior financing as collateral), and therefore our investments may be negatively affected by separate levels of mezzanine financing. There can also be no guarantee that in such circumstances we will be able to negotiate favorable intercreditor rights between itself as mezzanine lender and the senior lenders. In order to realize on its collateral, a mezzanine lender may need to repay the mezzanine borrower’s indebtedness to more senior lenders to which the assets of such borrower or its subsidiaries are pledged. In addition, in the event of a foreclosure, a mezzanine lender risks becoming the equity owner of a company or other legal entity with substantial liabilities which could exceed the value of its assets.

The debt securities and instruments in which we may invest may not be protected by financial covenants or limitations upon additional indebtedness, may have limited liquidity and may not be rated by a credit rating agency. Debt investments are also subject to other creditor risks, including the possible invalidation of an investment transaction as a “fraudulent conveyance” under relevant creditors’ rights laws; so-called lender liability claims by the issuer of the obligations; and environmental liabilities that may arise with respect to collateral securing the obligations. Our investments may be subject to early redemption features, refinancing options, pre-payment options or similar provisions which, in each case, could result in the issuer repaying the principal on an obligation held by us earlier than expected and thereby limiting the amount of income earned by us from such investments. In addition, depending on fluctuations of the equity markets and other factors, warrants and other equity securities we receive may become worthless.

Our debt investments face prepayment risk and interest rate fluctuations that may adversely affect our results of operations and financial condition.

Early repayment of loans originated or acquired by us may adversely affect the value of our investment portfolio. Prepayment on our investments, where contractually permitted, will be influenced by changes in the performance of underlying real estate assets and a variety of economic, geographic and other factors beyond our control. We may invest in loans and other assets secured or, in the case of certain assets (including mezzanine loans and preferred equity), supported by transitional real estate assets. Significant improvement in the performance of such assets may result in prepayments as other, less expensive or restrictive financing alternatives become available to the borrower. Consequently, prepayment rates cannot be predicted with certainty, and no strategy can completely insulate us from increases in such rates. Furthermore, we may acquire debt at a discount or premium, and our anticipated yield on such assets would be impacted if such debt is prepaid more quickly than anticipated. Under certain prepayment scenarios, we may fail to recoup fully the cost of our investment. While we may be entitled to fees upon prepayment, such fees may not adequately compensate us as the functional equivalent of a “make whole” payment. Furthermore, we may not be able to structure future investments to impose a make whole obligation upon a borrower in the case of an early prepayment. If the U.S. Federal Reserve or other relevant central banks increase benchmark interest rates, this could also negatively impact the price of debt securities and could adversely affect the value of our investments and the NAV and price per share of our shares.

Our performance may be impacted by the performance of institutions with which we do business.

The institutions, including brokerage firms and banks, with which we will do business (including swap counterparties), or to which securities will be entrusted for custodial and prime brokerage purposes, may encounter financial difficulties, fail or otherwise become unable to meet their obligations. In light of continued market turmoil and the overall weakening of the financial services industry, our, our prime brokers’ and other financial institutions’ financial condition may be adversely affected and may become subject to legal, regulatory, reputational and other unforeseen risks that could have a material adverse effect on our activities and operations. The prime brokers that we engage may experience financial difficulties, and therefore, we may be exposed to similar or other financial problems resulting from the insolvency or financial difficulties of one or more of our prime brokers.

Moreover, any cash and securities maintained by us in accounts of U.S. broker-dealers registered with the SEC and FINRA are protected only to a limited degree by the U.S. Securities Investor Protection Corporation (the “SIPC”). Because securities owned by us which are held by broker-dealers (including any prime brokers) are generally not held in our name, a bankruptcy of any such broker-dealer is likely to have a greater adverse impact on us than if such securities were registered in our name. In the event of the bankruptcy of a broker-dealer, if sufficient funds are not available in the broker-dealer’s customer accounts to satisfy claims, the reserve funds of the SIPC would be expected to supplement the distribution. Therefore, we could be at risk of loss for any amounts in excess of the SIPC limit to the extent that the broker-dealer does not maintain insurance sufficient to cover any amounts owed. Assets held outside the United States may be subject to different or diminished protection in the event of a counterparty failure located in such jurisdiction. Consequently, in some cases, we may become an unsecured creditor in bankruptcy or liquidation proceedings outside of the United States.

Additionally, we may, from time to time, purchase, sell or lend securities through either a U.S. prime broker or a non-U.S. affiliate of such prime broker and have assets held at accounts of such prime broker or its non-U.S. affiliate. If our assets are held at a U.S. prime broker, in the event of the bankruptcy or insolvency of such prime broker, even if assets are segregated, we are subject to the risk that we will not receive a complete return of those assets. Under SEC rules, the prime broker must segregate “fully paid” customer securities and “excess margin securities” for the benefit of customers. In addition, pursuant to the SEC reserve formula, the prime broker must place customer funds in a segregated account for the benefit of customers to assure that there will be sufficient assets to satisfy all customer claims. Nonetheless, except with respect to physical securities held in our name, we will not have a right to the return of specific assets but rather will generally have a claim based on the net equity in its account. A customer’s net equity claim equals the dollar value of (a) all cash held in a customer’s account for the purchase of securities (including proceeds from the sale of securities) plus (b) the value of securities held in such account (determined as of the date of the bankruptcy petition filing), less any amounts owed by the customer to the broker-dealer. With respect to securities, we will be entitled to its proportionate share of securities held by the prime broker on behalf of all customers. If there is a shortfall, the customers will share proportionally in the loss. With respect to cash, there will be a net calculation whereby all obligations owed to the prime broker are netted against all cash owed to customers. SIPC will guarantee the shortfall up to $500,000 per customer account with a maximum of $250,000 in cash. Many firms have additional liquidation insurance which may supplement the SIPC insurance coverage. In the event that there are still customer shortfalls after all of the insurance coverage has been exhausted we will become a general unsecured creditor of the prime broker for the remainder of its claim. In the event that our assets are used to support margin loans or are otherwise re-hypothecated pursuant to our permission, the assets will not be protected under the SEC segregation requirement, reserve formula or SIPC liquidation insurance.

Further, not all activities or transactions conducted with the prime broker are subject to these customer protection rules. If the assets are custodied with a non-U.S. broker-dealer, the above U.S. regulations do not apply and the law in the local jurisdiction will govern the disposition of assets of the broker-dealer upon liquidation. Such proceedings may be time consuming and costly.

Certain risks associated with CMBS may adversely affect our results of operations and financial condition.

We may invest in pools or tranches of CMBS. The collateral underlying CMBS generally consists of commercial mortgages or real property that have a multifamily or commercial use, such as retail space, office properties, logistics properties and hospitality properties. CMBS are issued with varying structures, including senior and subordinated classes. The commercial mortgages underlying CMBS generally have shorter maturities than residential mortgages, allow a substantial portion of the loan balance to be paid at maturity, commonly known as a “balloon payment,” and are usually non-recourse against the commercial borrower.

Investments in CMBS are subject to various risks and uncertainties, including credit, market, interest rate, structural and legal risks. These risks may be magnified by volatility in the credit and commercial real estate markets. The investment characteristics of CMBS differ from traditional debt securities in a number of respects, and are similar to the characteristics of structured credit products in which investors participate through a trust or other similar conduit arrangement. Commercial mortgage loans are obligations of the borrowers thereunder and are not typically insured or guaranteed by any other person or entity. While we intend to analyze and underwrite our CMBS investments from a fundamental real estate perspective, there can be no assurance that such underwriting practices will yield their desired results or that we will be able to effectively achieve our investment objectives.

The prospect of full repayment of the commercial mortgage loans underlying CMBS depends on the ability of the commercial borrower to generate current income from its commercial property. The ability to generate current income from a commercial property is affected by a variety of factors. Such factors include differences in the management ability and track record of the commercial borrower, and geographic or industry concentration. Commercial borrowers may also lack the incentive to invest the funds necessary to maintain and attract tenants in the properties underlying the commercial mortgage loans to the extent the value of the mortgage exceeds the property value. Unlike residential mortgage loans, most commercial mortgage loans are not significantly amortized over the loans’ terms. Instead, with most commercial mortgage loans the bulk of the loan balance is payable at maturity with a one-time payment, commonly known as a “balloon payment.” Full satisfaction of the balloon payment by a commercial borrower is heavily dependent on the availability of subsequent financing, which can be negatively impacted by a difficult credit environment. Usually, a commercial borrower will seek out another loan to satisfy the balloon payment on a commercial mortgage loan. Therefore, full satisfaction of a commercial mortgage loan will be affected by a commercial borrower’s access to credit. In certain situations, including during periods of credit distress, the unavailability of real estate financing may lead to default by a commercial borrower.

Commercial borrowers have a variety of management and industry track records. There are many differences between commercial borrowers’ capital structures, prior or current debt obligations and management abilities. The successful generation of current income from a commercial borrower’s property will be heavily influenced by a commercial borrower’s ability to handle the relevant issues that are part of the commercial property management industry. A variety of ability levels will affect the successful generation of current income and, ultimately, the risk of default on a commercial borrower’s commercial mortgage loan. Differences in the management ability among commercial borrowers may have an impact on the capacity of a commercial borrower to repay fully its commercial mortgage underlying CMBS.

Commercial mortgage loans are usually non-recourse in nature. Therefore, if a commercial borrower defaults on the commercial mortgage loan underlying CMBS, the options for financial recovery are limited in nature. To the extent the underlying default rates with respect to the loans comprising a pool or tranche of CMBS in which we invest increase, the performance of our investments related thereto may be adversely affected. Default rates and losses on commercial mortgage loans underlying the CMBS will be affected by a number of factors, including global, regional and local economic conditions in the area where the mortgage properties are located, the borrower’s equity in the mortgage property and the financial circumstances of the borrower. A decline in specific commercial real estate markets and property valuations may result in higher delinquencies and defaults. In the event of default, the lender will have no right to assets beyond collateral attached to the commercial mortgage loan. In certain instances, a negotiated settlement or an amendment to the terms of the commercial mortgage loan are the only options before an ultimate foreclosure on the commercial property. Foreclosure is costly and often protracted by litigation and bankruptcy restrictions. The ultimate disposition of a foreclosed property may also yield a price insufficient to cover the cost of the foreclosure process and the balance attached to the defaulted commercial mortgage loan. It may be difficult for lenders to dispose of foreclosed commercial real estate without incurring substantial investment losses, ultimately leading to a decline in the value of CMBS. There can be no guarantee that our investments in CMBS will not be adversely affected by such risks.

The value of CMBS is subject to risk from possible geographic or industry concentration. In addition to investing in pools or tranches of CMBS, we may in certain circumstances invest in CMBS relating to a single issuer or a handful of issuers, which involves a high degree of concentrated risk with no certainty of any return of capital. These risks may be further pronounced in cases where the CMBS is secured by a relatively small or less diverse pool of underlying loans or real estate assets. Certain geographic regions or industries may be more adversely affected from economic pressures when compared to other geographic regions or industries. A pool of CMBS backed by commercial mortgage loans with a substantial geographic or industry concentration will be more susceptible to the economic environment of such concentrated geographic regions or industries, and therefore could be at greater risk for a substantial loss in value.

Our obligations in connection with investments in bank loans and participations will be subject to unique risks.

We may invest in bank loans (which may include mortgages and loans secured by real estate assets), participations in loans by way of a syndication or otherwise and credit-linked notes (“CLNs”). These obligations are subject to unique risks, including:

•the possible invalidation of an investment transaction as a fraudulent conveyance under relevant creditors’ rights and bankruptcy laws;

•so-called lender-liability claims by the issuer of the obligations;

•environmental liabilities that may arise with respect to collateral securing the obligations; and

•limitations on our ability to enforce directly its rights with respect to participations and CLNs.

In analyzing each bank loan, participation or CLN, the Adviser or Sub-Adviser, as applicable, will compare the relative significance of the risks against the expected benefits of the investment. Successful claims by third parties arising from these and other risks, absent certain conduct by the Adviser, the Sub-Adviser, Brookfield, their respective affiliates and certain other individuals, will be borne by us. In addition, the settlement process for the purchase of bank loans can take significantly longer than the timeframes established by the Loan Syndications and Trading Association and comparable non-U.S. bodies. The longer a trade is outstanding between the counterparties, the greater the risk of additional operational and settlement issues and the potential for our counterparty to fail to perform.

Our investments in bank loans and related instruments will entail credit risks, including the risk of non-payment of interest and principal, as well as market risks, including the risk that certain market factors will cause the value of the instrument to decline. Bank loans, participations, CLNs and other debt instruments may be subject to price fluctuations due to changes in the issuer’s credit quality. Because interest rates on bank loans, participations and CLNs only reset periodically and may not perfectly correlate with prevailing interest rates, during such time as the interest rate of a security is fixed, such security may be subject to the same fluctuations due to interest rate changes as fixed-rate obligations of similar duration.

If we purchase a participation or CLN, we will not have established any direct contractual relationship with nor acquired any voting rights related to any corporate actions by the borrower. We will be required to rely on the lender or the participant that sold the participation not only for the enforcement of our rights against the borrower but also for the receipt and processing of payments due to us under the participation or CLN. We will thus be subject to the credit risk of both the borrower and the selling lender or participant. Because it may be necessary to assert through the selling lender or participant such rights as may exist against the borrower, in the event the borrower fails to pay principal and interest when due, such assertion of rights against the borrower may be subject to delays, expenses and risks that are greater than those that would be involved if we could enforce our rights against the borrower directly.

The operating and financial risks of issuers and the underlying default risk across capital structures may adversely affect our results of operations and financial condition.

Our securities investments involve credit or default risk, which is the risk that an issuer or borrower will be unable to make principal and interest payments on its outstanding debt when due. The risk of default and losses on real estate-related debt instruments will be affected by a number of factors, including global, regional and local economic conditions, interest rates, the commercial real estate market in general, an issuer’s equity and the financial circumstances of the issuer, as well as the general economic conditions. Such default risk will be heightened to the extent we make relatively junior investments in an issuer’s capital structure since such investments are structurally subordinate to more senior tranches in such issuer’s capital structure, and our overall returns would be adversely affected to the extent one or more issuers is unable to meet its debt payment obligations when due. To the extent we hold an equity or “mezzanine” interest in any issuer that is unable to meet its debt payment obligations, such equity or mezzanine interest could become subordinated to the rights of such issuer’s creditors in a bankruptcy.

Furthermore, the financial performance of one or more issuers could deteriorate as a result of, among other things, adverse developments in their businesses, changes in the competitive environment or an economic downturn. As a result, underlying properties or issuers that we expected to be stable may operate, or expect to operate, at a loss or have significant fluctuations in ongoing operating results, may otherwise have a weak financial condition or be experiencing financial distress and subject our investments to additional risk of loss and default.

We may invest in high-yield securities which are generally subject to more risk than higher rated securities.

We may invest in “high yield” bonds, preferred securities and distressed debt that are rated in the lower rating categories by the various credit rating agencies or comparable non-rated securities. Securities in the lower-rated categories and comparable non-rated securities are subject to greater risk of loss of principal and interest than higher-rated and comparable non-rated securities and are generally considered to be predominantly speculative with respect to the issuer’s capacity to pay interest and repay principal. Such issuers typically are highly leveraged, with significant burdens on cash flow and, therefore, involve a high degree of financial risk. During an economic downturn or recession, securities of financially troubled or operationally troubled issuers are more likely to go into default than securities of other issuers. Because investors generally perceive that there are greater risks associated with the lower-rated and comparable non-rated securities, the yields and prices of such securities may be more volatile than those for higher-rated and comparable non-rated securities. The market for lower-rated and comparable non-rated securities is thinner, often less liquid and less active than that for higher-rated or comparable non-rated securities and the market prices of such securities are subject to erratic and abrupt movements. The spread between bid and asked prices for such securities may be greater than normally expected. Such factors can adversely affect the prices at which these securities can be sold and may even make it difficult to sell such securities.

Investment in the securities of financially troubled issuers and operationally troubled issuers involves a high degree of credit and market risk. These financial difficulties may never be overcome and may cause issuers to become subject to bankruptcy proceedings. There can be no assurance that the Adviser will correctly evaluate the value of the assets collateralizing such investments or the prospects for a successful reorganization or similar action.

We may provide bridge financings, which involve numerous risks.

We may provide bridge financing in connection with one or more of our investments. Such bridge financings would typically be convertible into more permanent, long-term positions. We will bear the risk of any changes in capital markets, which may adversely affect the ability to refinance any bridge investments. For reasons not always in our or the Adviser’s or Sub-Adviser's, as applicable, control, such refinancings may not occur and such bridge financings may remain outstanding. In such event, the failure to refinance could lead to increased risk and cost to us.

We may receive or purchase options on securities or to hedge securities, which involve numerous risks.

We may receive or purchase options on securities as part of an investment or may purchase options to hedge securities obtained in the course of its investment activities. In addition, we may purchase or sell options on securities, indices, foreign currencies, interest rates or other reference assets or rates. The successful use of options depends principally on the price movements of the underlying securities, indices or other reference assets or rates. Investing in options can result in a greater potential for profit or

loss than directly investing in the underlying assets. The value of an option may change because of, including but not limited to, a change in the value of the underlying assets, the passage of time, changes in the market’s perception as to the future price behavior of the underlying assets or rates, or any combination of the foregoing.

In addition, when we purchase an option, we run the risk that we will lose our entire investment in the option in a relatively short period of time, unless we are able to, and do, exercise or close out the option during the life of such option. If the price of the underlying security or other asset or rate does not rise (in the case of a call) or fall (in the case of a put) to an extent sufficient to cover the option premium and transaction costs, we will lose part or all of our investment in the option. There can be no assurance that we will be able to effect closing transactions at any particular time or at any acceptable price. In the event of the bankruptcy of a broker or dealer through which we engage in transactions in options, we could experience delays or losses in liquidating open positions purchased or sold through the broker.

In the case of the purchase of an option, the risk of loss of an option buyer’s entire investment in the option (i.e., the premium paid and transaction charges) reflects the nature of an option as a wasting asset that may become worthless at its expiration. Where an option is written (or sold) uncovered, the option seller may be liable to pay a substantial amount in order to fulfill the contract. The risk of loss for writing an uncovered call option could theoretically be unlimited, as the call option seller will be obligated to deliver (or pay equivalent amount of cash) for an asset at a predetermined price, which may, upon the exercise of the option, be significantly different from the asset’s market value at the time of the exercise.

We may invest in structured products that may involve structural and legal risks.

We may invest in structured products, including debt securities issued by a private investment fund that invests, on a leveraged basis, in bank loans, high-yield debt or other asset groups, as well as certificates issued by a structured investment vehicle that holds pools of CMBS. Our investments in structured products will be subject to a number of risks, including risks related to the fact that the structured products will be leveraged, and other structural and legal risks related thereto. Utilization of leverage is a speculative investment technique and will generally magnify the opportunities for gain and risk of loss borne by an investor in the subordinated debt securities issued by a structured product. Many structured products contain covenants designed to protect the providers of debt financing to such structured products. A failure to satisfy those covenants could result in the untimely liquidation of the structured product and a complete loss of our investment therein. In addition, if the particular structured product is invested in a security in which we are also invested, this would tend to increase our overall exposure to the credit of the issuer of such securities, at least on an absolute, if not on a relative basis. The value of an investment in a structured product will depend on the investment performance of the assets in which the structured product invests and will, therefore, be subject to all of the risks associated with an investment in those assets. These risks include the possibility of a default by, or bankruptcy of, the issuers of such assets or a claim that the pledging of collateral to secure any such asset constituted a fraudulent conveyance or preferential transfer that can be subordinated to the rights of other creditors of the issuer of such asset or nullified under applicable law.

We may invest in derivatives, which involve numerous risks.

Subject to maintaining our qualification as a REIT, we may invest in over the counter (“OTC”) derivative instruments from time to time. While we expect to invest in OTC contracts on a bilateral basis with banks or other dealers, we may invest in certain derivatives that are traded on swap execution facilities (“SEFs”), security-based swap execution facilities (“SB SEFs”) or other similar multi-lateral trading platforms. Certain of such derivatives may be cleared through central counterparties (“CCPs”).

Investing in derivative instruments, particularly OTC derivatives, presents various risks, including market, counterparty, operational, valuation, correlation, volatility and liquidity risks, etc. The prices of derivative instruments, including swaps, forwards and options, may be highly volatile. The value of derivatives also depends upon the price of the underlying security or other asset or index. Investing in a derivative instrument may require the deposit or payment of an initial amount much smaller than the notional or nominal exposure amount from such derivative instrument. Therefore, if the relevant cash market moves against us, we will suffer a larger loss than it would have by directly investing in the underlying security or other asset or index. The duration of a derivative instrument may be significantly different than the duration of the related liability or asset. OTC derivatives are also subject to the default and credit risk of the counterparty if they are not cleared through CCPs or the counterparty is not required to post margin, while centrally cleared derivatives may be subject to the credit risk of the CCP and the relevant futures commission merchant (“FCM”) or other clearing broker. In addition, significant disparities may exist between “bid” and “ask” prices for derivative instruments that are traded over-the-counter and not on an exchange. OTC derivatives are also typically not subject to the same type of investor protections or governmental regulations as those applicable to futures and other exchange-traded instruments. In addition, compared with such exchange-traded instruments, the market for OTC derivatives is less liquid.

We will be subject to the Dodd-Frank Act and other derivatives regulations.

Title VII of the Dodd-Frank Act establishes a general framework for systemic regulation that has imposed mandatory clearing, exchange trading and margin requirements on many derivatives transactions. The Dodd Frank Act also creates categories of regulated market participants, such as swap dealers (“SDs”) and security-based swap dealers (“SBSDs”) that are subject to significant capital, margining, clearing, registration, recordkeeping, reporting, disclosure, business conduct and other regulatory requirements, a large number of which have been implemented. While this regulatory framework has rendered the derivatives market safer, it has significantly increased the costs of entering into derivatives transactions for end-users of derivatives, including us. In particular, margin requirements and capital charges, even when not directly applicable to us, have increased and will further increase the pricing of derivatives transacted by us. Exchange trading and trade reporting requirements and position limits may lead to changes in the liquidity of derivative transactions, or higher pricing or reduced liquidity in the derivatives markets, or the reduction of arbitrage opportunities for us.

In addition to U.S. laws and regulations relating to derivatives, certain non-U.S. regulatory authorities have passed or proposed, or may propose in the future, legislation similar to that imposed by the Dodd-Frank Act. For example, the E.U. regulations on derivatives will impose position limits on commodity transactions, and the European Market Infrastructure Regulation (“EMIR”) already requires reporting of derivatives and various risk mitigation techniques to be applied to derivatives entered into by parties that are subject to the jurisdiction of EMIR. Certain entities are already required to clear certain derivatives and are subject to initial and variation margin requirements with respect to their non-cleared derivatives, under the regulations implementing EMIR. These E.U. regulatory changes will impact a broad range of counterparties, both outside and within the E.U., and are expected to potentially increase the cost of transacting derivatives for us (particularly with banks and other dealers directly subject to such regulations).

In addition, the tax environment for derivative instruments and funds is evolving, and changes in the taxation of derivative instruments or funds may adversely affect the value of certain derivatives contracts entered into by us and our ability to pursue its investment strategies. There can be no assurance that new legislation or regulation, including changes to existing laws and regulations, will not have a material negative impact on our investment performance.

Where we enter into derivatives contracts that are not centrally cleared through a CCP, we will become subject to counterparty risk.

Where we enter into derivatives contracts that are not centrally cleared through a CCP, we will become subject to the risk that a counterparty will not perform its obligations under such contracts, either because of a dispute over the terms of the contract (whether or not bona fide) or because of a credit or liquidity problem of the counterparty, thus causing us to suffer a loss. Such counterparty risk may be accentuated by the fact that we may concentrate our transactions with a single or small group of counterparties. In addition, in the case of a default, we could become subject to adverse market movements while seeking for replacement transactions. We are not restricted from dealing with any particular counterparty or from concentrating any or all of its transactions with one counterparty. Although certain of the swap counterparties may be entities that are rated by recognized rating agencies, we have no formal internal credit function that evaluates the creditworthiness of its swap counterparties. Our ability to transact business with any one or number of counterparties, the possible lack of a meaningful and independent evaluation of such counterparties’ financial capabilities, and the absence of a regulated market to facilitate settlement may increase the potential for losses by us.

The U.S. prudential regulators and the CFTC have adopted margin requirements for non-cleared swaps which apply to entities subject to the jurisdiction of the prudential regulators and entities registered as SDs with the CFTC, respectively (in each case, with respect to all non-cleared swaps entered into on or after the relevant compliance dates). While we will not be directly subject to these margin requirements, we will be indirectly impacted by the margin requirements where our counterparty is subject to such requirement. Given the anticipated volume of our swap transactions, we will likely be classified as a financial end user without a “material swaps exposure” for purposes of these margin rules. As a result, beginning on the relevant compliance date, we will be required to exchange variation margin (in the form of cash, certain highly liquid securities or gold) on with our counterparties that are subject to the margin requirement (and, if contractually agreed, with any other counterparty) to cover the cumulative daily mark-to-market change in value of the transaction since the last exchange of variation margin. The amount of margin that must be posted and collected pursuant to these regulatory requirements may be determined on a net basis (taking into account offsetting exposures) with respect to a portfolio of uncleared swaps or security-based swaps that are governed by a master netting agreement that satisfies certain criteria. In addition, the U.S. prudential regulators’ margin rules apply to non-cleared security-based swaps entered into by SBSDs that are subject to their jurisdiction, and the SEC has adopted margin rules for SBSDs that are not subject to the jurisdiction of prudential regulators.

To the extent that our SD counterparty collects initial margin from us on its uncleared swaps and security-based swaps, we may request that the SD counterparty segregate all such initial margin posted by us at an independent, third-party custodian or at an affiliate of the SD that serves as a custodian. If we do not request segregation of such initial margin, the custodian or counterparty may commingle such assets or collateral with the custodian’s or counterparty’s own assets. In addition, even when

we request segregation of such initial margin, the custodian or counterparty may fail to segregate such assets or collateral properly. In either case, in the event of the bankruptcy or insolvency of any custodian or counterparty, our assets and collateral may be subject to the conflicting claims of the creditors of the relevant custodian or counterparty, and we may be exposed to the risk of a court treating us as a general unsecured creditor of such custodian or counterparty, rather than as the owner of such assets or collateral.

We will face risks arising from cleared derivatives transactions.

The U.S. Commodity Futures Trading Commission (the "CFTC") requires that certain interest rate swaps and index credit default swaps be cleared through a CCP (unless an exception or exemption applies), and the CFTC is expected to expand the types of swaps (e.g., certain foreign currency and commodity swaps) subject to mandatory clearing. While the SEC has adopted rules establishing a framework for determining which security-based swaps will be subject to mandatory clearing, no such clearing determination has been issued.

Where we enter into swaps subject to mandatory clearing, it may be required to clear such swaps at a CCP through an FCM acting as clearing broker. We will have to post initial margins to CCPs through FCMs or broker-dealers (in the United States) or other clearing brokers (outside the United States), and for swaps cleared at CCPs that are U.S.-registered derivatives clearing organizations, such initial margins will be held by such CCP and FCMs in segregated accounts under the CFTC rules. Such segregation is intended to protect the initial margins of swap clearing customers from the claims of other creditors of a CCP or FCM. Furthermore, the CFTC rules implement the so-called “legally segregated, operationally commingled” model for the segregation of swap clearing customer collateral on a customer-by-customer basis, which is intended to protect each customer from the default of other customers of the FCM. Such segregation, however, will not protect clearing customers like us from any operational or fraud risk of a CCP or FCM with respect to the initial margin posted to the CCP or FCM. In addition, the initial margins posted to a non-U.S. CCP through a non-U.S. clearing broker may not even be segregated from the property of such CCP or clearing broker. The SEC has no final rules for the treatment and protection of customer property, including initial margins, held by CCPs.

In addition, where we enter into certain swaps subject to mandatory clearing, it may be required to execute such swaps on a registered designated contract market or SEF. The CFTC requires that certain interest rate swaps and index credit default swaps be executed on a registered designated contract market or SEF, and registered designated contract markets or SEFs may self-certify additional types of interest rate and index credit default swaps as subject to this requirement. The SEC has not yet adopted registration rules for security-based registered designated contract markets or SEFs or a mandatory trade execution requirement for security-based swaps. In addition, certain foreign jurisdictions may impose clearing and trade execution requirements that could apply to our transactions with non-U.S. entities. While we will benefit from reduced counterparty credit and operations risk and pricing transparency resulting from these requirements, it will incur additional costs in trading these swaps. In addition, while we will attempt to execute, clear and settle these swaps through entities the Adviser or the Sub-Adviser, as applicable, believes to be sound, there can be no assurance that a failure by such an entity will not cause a loss to us.

Transactions involving uncleared OTC derivative instruments entail a greater risk of illiquidity.

We may enter into transactions involving uncleared OTC derivative instruments, which entail a greater risk of illiquidity as these instruments can generally be closed out only by negotiation with the counterparty, which may expose us to liquidity risk. There can be no assurance that a liquid secondary market will exist for any particular derivative instrument at any particular time, including for those derivative instruments that were originally categorized as liquid at the time they were acquired by us. In volatile markets, we may not be able to close out a position without incurring a significant amount of loss. Although OTC derivative instruments are designed to be tailored to meet particular financing needs and, therefore, typically provide more flexibility than exchange-traded products, the risk of illiquidity is also greater as these instruments can generally be closed out only by negotiation with the other party to the instrument. In addition, we may not be able to convince our counterparty to consent to an early termination of an OTC derivative contract or may not be able to enter into an offsetting transaction to effectively unwind the transaction. Such OTC derivative contracts generally are not assignable except by agreement between the parties, and a counterparty typically has no obligation to permit assignments. Even if our counterparty agrees to early termination of OTC derivatives at any time, doing so may subject us to certain early termination charges.

We will face risks in connection with forward contracts.

Forward contracts, unlike futures contracts, are not traded on exchanges and are not standardized. Banks and dealers act as principals in these markets, negotiating each transaction on an individual basis. Most cash-settled forward contracts are regulated by the CFTC and prudential regulators as “swaps” (or by the SEC and prudential regulators as “security-based swaps”), but most physically settled forward contracts (other than such forwards on securities, which are treated and accordingly regulated as securities) are largely unregulated; there is no limitation on daily price movements and speculative position limits are not applicable. The principals who deal in the forward markets are not required to continue to enter into forward transactions. There have been periods during which certain participants in these markets have refused to quote prices for certain commodity or currency forwards, or they have quoted prices with an unusually wide spread between the price at

which they were prepared to take opposite positions in forward transactions. Disruptions can occur in forward markets due to unusually high trading volume, political intervention, or other factors. Market illiquidity or disruption could result in significant losses to us.

We may enter into swap transactions, which involve a variety of significant risks.

We may enter into long and short positions in all types of derivative transactions and credit-linked securities, including total return swaps, rate of return swaps, credit default swaps (including index-related credit default swaps), interest rate swaps, and credit-linked notes and deposits. Credit-linked securities, including credit default swaps, are bilateral OTC agreements between two parties that transfer a defined credit risk from one party to another.

We may enter into one or more credit default swaps or total return swaps, the returns from which are based on the performance of a single asset or a portfolio of assets selected by the Adviser or the Sub-Adviser (the “Reference Assets”), with bank or broker dealer counterparties. We may invest in the Reference Assets through credit default swaps or total return swaps on a leveraged basis. Returns to us under a credit default swaps or total return swap are related to the performance of the underlying Reference Asset(s) of such swap. The value of a credit default swap depends largely upon creditworthiness of the reference obligor(s), and the value of a total return swap depends largely upon changes in market value of the Reference Asset(s). The terms of individual credit default swaps and total return swaps will differ by counterparty and may change from time to time. Certain index credit default swaps are already subject to mandatory clearing and in some cases must be executed on a SEF, and certain other types of credit default and total return swaps may become subject to these requirements in the future. We will typically be required to post collateral in connection with entering into such swaps and to add (or receive a return of) collateral from time to time based on changes in the market value of the Reference Asset, regardless of whether such swaps are centrally cleared. In certain circumstances, including if we do not have sufficient assets or is unable to provide the requisite amount of collateral, the counterparty may terminate the credit default swaps or total return swap in whole or in part.

Swap transactions, like other financial transactions, involve a variety of significant risks. The specific risks presented by a particular swap transaction necessarily depend upon the terms of the transaction and our circumstances. In general, however, all swap transactions involve some combination of market risk, credit risk, counterparty credit risk, funding risk, liquidity risk and operational risk. Highly customized swap transactions in particular may have increased liquidity risk. Highly leveraged transactions may experience substantial gains or losses in value as a result of relatively small changes in the value or level of an underlying or related market factor. In evaluating the risks and contractual obligations associated with a particular swap transaction, it is important to consider that a swap transaction may be modified or terminated only by mutual consent of the original parties and subject to agreement on individually negotiated terms. Therefore, it may not be possible for us to modify, terminate or offset our obligations under a swap or our exposure to the risks associated with a swap prior to its scheduled termination date.

Our investments in credit-linked securities subject us to credit and other risks.

Credit-linked securities are typically privately-negotiated transactions between two or more parties that transfer a defined credit risk from one party to another. As an investor, we bear the risk that the issuer of the credit-linked security will default or become bankrupt. Additionally, we bear the risk of loss of our principal investment, and the periodic interest payments expected to be received for the duration of our investment in the credit-linked security. Credit-linked securities are also subject to credit risk of the corporate or other credits underlying the embedded credit default swaps. If one of the underlying credits defaults, we may receive the security that has defaulted, and our principal investment would be reduced by the corresponding face value of the defaulted security.

The market for credit-linked securities may be, or suddenly can become, illiquid. The other parties to the transaction may be the only investors with sufficient understanding of the transaction to be interested in bidding for it. Changes in liquidity may result in significant, rapid and unpredictable changes in the prices for credit-linked securities. In certain cases, a market price for a credit-linked security may not be available.

We will be exposed to counterparty, settlement and local intermediary risks.

From time to time, certain securities markets have experienced operational clearance and settlement problems that have resulted in failed trades. We are subject to the risk that our trading orders may not be executed in a timely and efficient manner due to various circumstances, including systems failure or human error. These problems could cause us to miss attractive investment opportunities or result in liability to third parties by virtue of our inability to perform contractual obligations to deliver securities, or we could be unable to achieve the market position selected by the Adviser or the Sub-Adviser, as applicable, or might incur a loss in liquidating our positions. In addition, delays and inefficiencies of the local postal, transport and banking systems could result in the loss of investment opportunities, the loss of funds (including dividends) and exposure to currency fluctuations.

Because certain purchases, sales, securities lending, derivatives and other transactions in which we will engage involve instruments that are not traded on an exchange, but are instead traded between counterparties based on contractual relationships,

we are subject to the risk that a counterparty will not perform its obligations under the related contracts, as well as risks of transfer, clearance or settlement default. Such risks may be exacerbated with respect to non U.S.-securities or transactions with non-U.S. counterparties. There can be no assurance that a counterparty will not default and that we will not sustain a loss on a transaction as a result. We often may not be able to collect margin from its counterparty with respect to OTC derivatives and certain other transactions. Such risks may differ materially from those entailed in exchange traded transactions that generally are backed by clearing organization guarantees, daily marking to market and settlement of positions and segregation and minimum capital requirements applicable to intermediaries. There can be no assurance that the monitoring activities of the Adviser or the Sub-Adviser, as applicable, will be sufficient to adequately control counterparty risk.

In situations where we place assets in the care of a custodian or are required to post margin or other collateral with a counterparty, the custodian or counterparty may fail to segregate such assets or collateral, or may commingle the assets or collateral with the relevant custodian’s or counterparty’s own assets or collateral (even where the custodian or counterparty is required to segregate such assets or collateral under relevant regulatory requirements). As a result, in the event of the bankruptcy or insolvency of any custodian or counterparty, our excess assets and collateral may be subject to the conflicting claims of the creditors of the relevant custodian or counterparty, and we may be exposed to the risk of a court treating us as a general unsecured creditor of such custodian or counterparty, rather than as the owner of such assets or collateral, as the case may be.

Transactions entered into by us may be executed on various U.S. and non-U.S. exchanges, and may be cleared and settled through various clearing houses, custodians, depositories and prime brokers throughout the world. Although we will attempt to execute, clear and settle the transactions through entities the Adviser or the Sub-Adviser, as applicable, believes to be sound, there can be no assurance that a failure by any such entity will not lead to a loss to us.

Certain of our transactions may be undertaken through local brokers, banks or other organizations in the countries in which we make investments, and we will be subject to the risk of default, insolvency or fraud of such organizations. The collection, transfer and deposit of bearer securities and cash expose us to a variety of risks, including theft, loss and destruction. Although we will attempt to execute, clear and settle the transactions through entities the Adviser or the Sub-Adviser, as applicable, believes to be sound, there can be no assurance that a failure by any such entity will not lead to a loss to us. We will also be dependent upon the general soundness of the banking systems of countries in which investments will be made.

Repurchase transactions involve risks, and any warehouse facilities that we may obtain in the future may limit our ability to originate or acquire assets, and we may incur losses if the collateral is liquidated.

We may make significant use of repurchase transactions to leverage certain of our investments, particularly investments in CMBS. Repurchase agreements are a type of secured financing arrangement in which the borrower sells (rather than pledges) assets to a lender with the right to repurchase those assets at a higher price on a later date. The lender in a repurchase transaction typically buys the securities being financed at a significant discount to market value as protection against adverse price movements. The size of the discount varies based on the particular securities being sold in the repurchase transaction, with less liquid securities generally requiring a greater discount.

The borrower in a repurchase transaction is typically required to post margin to the extent the market value of the securities declines in order to maintain the loan-to-market value ratio established at the time the securities were sold to the lender. If the borrower misses a margin call, the lender can terminate the repurchase transaction and sell the securities to repay the loan and any accrued interest. The borrower may be required to fund a margin call on the same day it receives notice of the margin obligation from the lender, creating a risk of default unless the borrower either maintains sufficient cash on hand or has other funding sources (such as a subscription line) that can be accessed on short notice. The amount of a margin call may be calculated by the lender based on the lender’s own valuation of the financed securities, which could differ materially from actual market values. We may have no means of disputing a lender’s valuation in the event that the Adviser or the Sub-Adviser, as applicable, disagrees with such valuation.

If we enter into a repurchase transaction and cannot satisfy a margin call, we may lose our right to buy back the financed securities, which could adversely affect our ability to achieve our investment objectives and the return on invested capital. We could miss a margin call even if we have sufficient assets to satisfy our margin obligation due to the timing of the margin call or the illiquidity of its other assets. A lender under a repurchase agreement may have the right to sell any foreclosed securities for a price lower than what the Adviser or the Sub-Adviser, as applicable, believes to be such securities’ fair market value, including in a sale by the lender to itself or to an affiliate. We may not have a contractual right to dispute such a sale price. In addition, a repurchase lender may have recourse to our other assets to the extent that the proceeds from a sale of financed securities are insufficient to cover our obligations to the lender.

A warehouse facility is a type of lending arrangement generally similar to a repurchase transaction. However, the assets used as collateral in a warehouse lending arrangement are typically loans, including originated loans, rather than traded securities such as CMBS. We may use a warehouse facility to increase the amount of capital available for lending or other investment activities. The risks of a warehouse facility are similar to those described for other types of secured lending arrangements.

We expect that we will be operated pursuant to an exemption or exclusion from the registration requirements under the CFTC regulations.

It is expected that we will be operated pursuant to an exemption or exclusion from the registration requirements under the CFTC regulations, including pursuant to certain no-action relief with respect to equity REITs. Therefore, neither the Adviser, the Sub-Adviser or Oaktree will be required to provide prospective investors with a CFTC compliant disclosure document, nor will they be required to provide investors with periodic account statements or certified annual reports that satisfy the requirements of CFTC rules applicable to registered commodity pool operators, in connection with any offerings of shares.

Our reliance on management of real estate-related companies relating to our investments in the debt of such companies carries certain risks.

We may invest in the debt of companies with substantial real estate holdings, and there can be no assurance that the management of such real estate-related companies will be able to operate successfully and generate sufficient cash to pay the principal, interest and other fees and expenses associated with the loans we hold. Although the Adviser and the Sub-Adviser, as applicable, will monitor the performance of each investment and may make recommendations, we will rely upon management to operate such companies on a day to day basis and the equity sponsors, boards of directors or other controlling parties of such companies to select qualified management. In addition, certain of our investments may be in the debt of businesses with limited operating histories.

We may invest in equity of other REITs that invest in real estate debt as one of their core businesses and other real estate-related companies, which subjects us to certain risks including those risks associated with an investment in our own common stock.

REITs that invest primarily in real estate debt are subject to the risks of the real estate debt market and, more generally, the real estate market and securities market.

REITs are dependent upon specialized management skills, have limited diversification and are, therefore, subject to risks inherent in financing a limited number of projects. REITs may be subject to management fees and other expenses, and so when we invest in REITs we will bear our proportionate share of the costs of the REITs’ operations. Investing in REITs and real estate-related companies involves certain unique risks in addition to those risks associated with investing in the real estate industry in general. The market value of REIT shares and the ability of the REIT to distribute income may be adversely affected by several factors, including the risks described herein that relate to an investment in our common stock. REITs depend generally on their ability to generate cash flow to make distributions to shareholders, and certain REITs have self-liquidation provisions by which mortgages held may be paid in full and distributions of capital returns may be made at any time. In addition, distributions received by us from REITs may consist of dividends, capital gains or return of capital. Generally, dividends received by us from REIT shares and distributed to our stockholders will not constitute “qualified dividend income” eligible for the reduced tax rate applicable to qualified dividend income. In addition, the performance of a REIT may be affected by changes in the tax laws or by its failure to qualify for tax-free pass-through of income.

REITs (especially mortgage REITs) are also subject to interest rate risk. Rising interest rates may cause REIT investors to demand a higher annual yield, which may, in turn, cause a decline in the market price of the equity securities issued by a REIT.

Investing in certain REITs and real estate-related companies, which often have small market capitalizations, may also involve the same risks as investing in other small capitalization companies. REITs and real estate-related companies may have limited financial resources and their securities may trade less frequently and in limited volume and may be subject to more abrupt or erratic price movements than larger company securities.

Risks Related to Debt Financing

We use mortgage indebtedness and other borrowings, which increases our business risks, could hinder our ability to make distributions and could decrease the value of our stock.

Subject to maintaining our REIT qualification and the limitations in our charter, we have and may continue to use leverage for our investments on a recourse or non-recourse basis or otherwise engage in certain investment activities that involve the use of leverage, including through credit default swaps or total return swaps. While leverage presents opportunities for increasing our total return, it may increase losses as well. Accordingly, any event that adversely affects the value of one of our investments would be magnified to the extent leverage is used. To the extent that we engage in any leveraging, we will be subject to the risks normally associated with debt financing, including those relating to the ability to refinance and the insufficiency of cash flow to meet principal and interest payments, which could significantly reduce or even eliminate the value of our equity in real estate investments. Leveraging our capital structure will mean that third parties, such as banks, may be entitled to the cash flow generated by such investments prior to us or our investors receiving a return. Additionally, if one of our assets is mortgaged or otherwise used as collateral to secure repayment of indebtedness and such payments are not made, the asset could be foreclosed upon by or otherwise transferred to the lender.

Our actual use of leverage will depend on a number of factors, including the availability of indebtedness on terms that the Adviser or the Sub-Adviser, as applicable, deems are appropriate and the decision by the Adviser or the Sub-Adviser, as applicable, to utilize any such available leverage, among others. There can be no assurance that we will be able to obtain, or will maintain, leverage on favorable terms, leverage that reaches the targets or expectations of the Adviser or Sub-Adviser, as applicable, or any leverage at all. Under our charter, we have a limitation that precludes us from borrowing in excess of 300% of our net assets, which approximates borrowing 75% of the cost of our investments (unless a majority of our independent directors approves any borrowing in excess of the limit and we disclose the justification for doing so to our stockholders), but such restriction does not restrict the amount of indebtedness we may incur with respect to any single investment. To the extent that we do not employ long-term leverage (or employs less leverage than originally anticipated), our investment returns may be lower than those that might have been achieved using long-term leverage.

No assurance can be given that financing will be available throughout the life of us or any individual investment, or that long-term replacement financing can be obtained as intended by the Adviser or the Sub-Adviser, as applicable. If we are unable to obtain financing, including on favorable terms that reflect its underlying investments, this may have a material adverse effect on our ability to achieve our investment objectives and the return on invested capital. There are also financing costs associated with leverage. Such costs will be borne by us and therefore may adversely affect the rate of returns we obtain. In addition, each leveraged investment will involve interest rate risk to the extent that financing charges for such leveraged investment are based on a predetermined interest rate.

The use of borrowed funds will magnify the volatility of our investment portfolio and involves substantial risks. The use of leverage involves a high degree of financial risk and will increase the exposure of the investments to adverse economic factors such as rising interest rates, downturns in the economy or deteriorations in the condition of the investments. Principal and interest payments on indebtedness (including mortgages having “balloon” payments) will have to be made regardless of the sufficiency of cash flow from the properties. Our investments will be impaired by a smaller decline in the value of the properties than is the case where properties are owned with a proportionately smaller amount of debt.

Although the use of borrowed funds will increase investment returns if the leveraged portfolio investment earns a return greater than the cost of our borrowed funds, investment returns will decrease if the leveraged portfolio investment fails to earn a return equal to the cost of our borrowed funds. The extent to which we use borrowed funds may have important consequences to our stockholders, including greater fluctuations in our net assets, use of cash flow for debt service, rather than for additional investments, distributions, or other purposes, and in certain circumstances we may be required to prematurely divest investments to service its debt obligations. All of these risks are magnified by the use of long-term leverage in excess of unfunded commitments.

If we default on secured indebtedness, the lender may foreclose and we could lose our entire investment in the collateral for such loan. If we become subject to a liability, parties seeking to have the liability satisfied may have recourse to our assets generally and not be limited to any particular asset, such as the investment giving rise to the liability. No assurance can be given that financing for our investments will be obtained by us, or obtained on favorable or acceptable terms, including terms which reflect the financing provided by us. A foreclosure may also have substantial adverse tax consequences for us.

Many of these same issues also apply to credit facilities which are expected to be in place at various times as well. For example, the loan documents for such facilities may include various asset coverage ratios, the continued compliance with which may not be completely within our control. If such coverage ratios are not met, the lenders under such credit facilities may declare any unfunded commitments to be terminated and declare any amounts outstanding to be due and payable.

Additionally, our investments are expected to include properties, real assets and companies whose capital structures may have significant leverage. Such investments are inherently more sensitive to declines in revenues and to increases in expenses and interest rates. The leveraged capital structure of such investments will increase the exposure to adverse economic factors such as downturns in the economy or deterioration in the condition of the investment or the related industry. The securities we acquire may be relatively junior (or the most junior) in what will typically be a complex capital structure, and thus subject to significant risk of loss. Further, we may engage in certain investment activities that involve the use of leverage, including through credit default swaps or total return swaps. There are also financing costs associated with leverage, and each leveraged investment will involve interest rate risk to the extent that financing charges for such leveraged investment are based on a predetermined interest rate.

In certain cases, financings for our properties may be recourse to us.

Generally, commercial real estate financings are structured as non-recourse to the borrower, which limits a lender’s recourse to the property pledged as collateral for the loan, and not the other assets of the borrower or to any parent of borrower, in the event of a loan default. However, lenders customarily will require that a creditworthy parent entity enter into so-called “recourse carveout” guarantees to protect the lender against certain bad-faith or other intentional acts of the borrower in violation of the loan documents. A “bad boy” guarantee typically provides that the lender can recover losses from the guarantors for certain bad acts, such as fraud or intentional misrepresentation, intentional waste, willful misconduct, criminal acts, misappropriation of

funds, voluntary incurrence of prohibited debt and environmental losses sustained by lender. In addition, “bad boy” guarantees typically provide that the loan will be a full personal recourse obligation of the guarantor, for certain actions, such as prohibited transfers of the collateral or changes of control and voluntary bankruptcy of the borrower. It is expected that the financing arrangements with respect to our investments generally will require “bad boy” guarantees from us and in the event that such a guarantee is called, our assets could be adversely affected. Moreover, our “bad boy” guarantees could apply to actions of the joint venture partners associated with our investments. While the Adviser expects to negotiate indemnities from such joint venture partners to protect against such risks, there remains the possibility that the acts of such joint venture partner could result in liability to us under such guarantees. We may provide “bad boy” guarantees on behalf of the Other Brookfield Accounts investing alongside us and as such guarantees are not for borrowed money, they will typically not be included under our leverage limitations.

If we draw on a line of credit to pay distributions, fund repurchases or for any other reason, our financial leverage ratio could increase beyond our target.

We have entered into an uncommitted line of credit from an affiliate of Brookfield (the "Credit Agreement") and may seek to obtain additional lines of credit in an effort to provide for a ready source of liquidity for any business purpose, including to pay distributions or fund repurchases of shares of our common stock in the event that repurchase requests exceed our operating cash flow and/or net proceeds from our continuous offering. There can be no assurances that we will be able to borrow under the line of credit, that the lender will issue a loan or extend or renew the line of credit, or that we will be able to obtain additional lines of credit on financially reasonable terms. In addition, we may not be able to obtain a line of credit of an appropriate size for our business until such time as we have a substantial portfolio, or at all. If we borrow under a line of credit to pay distributions or fund repurchases of shares of our common stock, our financial leverage will increase and may exceed our target leverage ratio. Our leverage may remain at the higher level until we receive additional net proceeds from our Offering or generate sufficient operating cash flow or proceeds from asset sales to repay outstanding indebtedness.

Increases in interest rates could increase the amount of our loan payments and adversely affect our ability to make distributions to our stockholders.

Interest we pay on our loan obligations will reduce cash available for distributions. If we obtain variable rate loans, increases in interest rates would increase our interest costs, which would reduce our cash flows and our ability to make distributions to our stockholders. In addition, if we need to repay existing loans during periods of rising interest rates, we could be required to liquidate one or more of our investments at times that may not permit realization of the maximum return on such investments. We cannot predict factors which may or may not affect interest rates.

Volatility in the financial markets and challenging economic conditions could adversely affect our ability to secure debt financing on attractive terms and our ability to service any future indebtedness that we may incur.

If the overall cost of borrowing increases, either by increases in the index rates or by increases in lender spreads, the increased costs may result in future acquisitions generating lower overall economic returns and potentially reducing future cash flow available for distribution. Disruptions in the debt markets negatively impact our ability to borrow monies to finance the purchase of, or other activities related to, real estate assets. If we are unable to borrow monies on terms and conditions that we find acceptable, we likely will have to reduce the number of properties we can purchase, and the return on the properties we do purchase may be lower. In addition, we may find it difficult, costly or impossible to refinance indebtedness that is maturing. Moreover, to the extent that such marketplace events are not temporary and continue, they may have an adverse impact on the availability of credit to businesses generally and could lead to an overall weakening of the U.S. economy.

Lenders may require us to enter into restrictive covenants relating to our operations, which could limit our ability to make distributions to our stockholders.

When providing financing, a lender may impose restrictions on us that affect our distribution and operating policies and our ability to obtain additional loans. Loan documents we enter into may contain covenants that limit our ability to further mortgage or dispose of the property or discontinue insurance coverage. In addition, loan documents may limit our ability to enter into or terminate certain operating or lease agreements related to the property. These or other limitations may adversely affect our flexibility and our ability to make distributions to our stockholders and the value of our shares.

If we enter into financing arrangements involving balloon payment obligations, it may adversely affect our ability to make distributions to our stockholders.

Some of our financing arrangements may require us to make a lump-sum or “balloon” payment at maturity. Our ability to make a balloon payment is uncertain and may depend upon our ability to obtain replacement financing or our ability to sell particular properties. At the time the balloon payment is due, we may or may not be able to refinance the balloon payment on terms as favorable as the original loan or sell the particular property at a price sufficient to make the balloon payment. Such a refinancing would be dependent upon interest rates and lenders’ policies at the time of refinancing, economic conditions in general and the value of the underlying properties in particular. The effect of a refinancing or sale could affect the rate of return to stockholders and the projected time of disposition of our assets.

Failure to hedge effectively against interest rate changes may materially adversely affect our results of operations and financial condition.

Subject to any limitations required to maintain qualification as a REIT, we may engage in interest rate hedging or other hedging strategies in order to manage risk and return trade-offs. These agreements involve risks, such as the risk that counterparties may fail to honor their obligations under these arrangements and that these arrangements may not be effective in reducing our exposure to interest rate changes. These interest rate hedging arrangements may create additional assets or liabilities from time to time that may be held or liquidated separately from the underlying property or loan for which they were originally established. Moreover, it may not be possible to hedge against currency exchange rate, interest rate or public security price fluctuations at a price sufficient to provide protection from the decline in the value of the portfolio position. Hedging may also reduce the overall returns on our investments. Failure to hedge effectively against interest rate changes may materially adversely affect our results of operations and financial condition.

We may be adversely affected by the phasing out of the London Interbank Offered Rate ("LIBOR").

The Financial Conduct Authority (the “FCA”) in the United Kingdom ceased compelling banks to submit rates for the calculation of LIBOR in 2021. In response, the Federal Reserve Board and the Federal Reserve Bank of New York organized the Alternative Reference Rates Committee which identified the Secured Overnight Financing Rate ("SOFR") as its preferred alternative to USD-LIBOR in derivatives and other financial contracts. In November 2020, the ICE Benchmark Administration Limited, the benchmark administrator for USD LIBOR rates, proposed extending the publication of certain commonly-used USD LIBOR settings until June 30, 2023 and the FCA issued a statement supporting such proposal. It is not possible to predict the effect of these changes, including when LIBOR will cease to be available or when there will be sufficient liquidity in the SOFR markets.

Our debt includes floating-rate loans for which the interest rates are tied to LIBOR and real estate-related investments with interest payments based on LIBOR. The discontinuance of, or changes to, benchmark interest rates may require adjustments to agreements to which we and other market participants are parties, as well as to related systems and processes. Such amendments and restructurings, could require us to incur significant expense and may subject us to disputes or litigation over the appropriateness or comparability to the relevant benchmark of the replacement reference rates. In the transition from the use of LIBOR to SOFR or other alternatives, uncertainty exists as to the extent and manner of future changes may result in interest rates and/or payments that are higher than or lower than or that do not otherwise correlate over time with the interest rates and/or payments that would have been made on our obligations if LIBOR was available in its current form. Use of alternative interest rates or other LIBOR reforms could result in increased volatility or a tightening of credit markets which could adversely affect our ability to obtain cost-effective financing. In addition, the transition of our existing LIBOR financing agreements to alternative benchmarks could increase our financing costs or decrease the income we earn on our real estate debt investments, which could impact our results of operations, cash flows and the market value of our investments.

Risks Related to our Relationship with Brookfield

We depend on the Adviser to select our investments and otherwise conduct our business, and any material adverse change in its financial condition or our relationship with the Adviser could have a material adverse effect on our business and ability to achieve our investment objectives.

Our success is dependent upon our relationship with, and the performance of, the Adviser in the acquisition and management of our real estate portfolio, and our corporate operations. The Adviser may suffer or become distracted by adverse financial or operational problems in connection with Brookfield’s business and activities unrelated to us and over which we have no control. The Adviser may also resign or our board of directors may determine to replace the Adviser with a different investment adviser, and there is no guarantee that we will be able to find a replacement investment adviser or that any replacement will be suitable. Should the Adviser fail to allocate sufficient resources to perform its responsibilities to us for any reason or should the Adviser resign or be replaced, we may be unable to achieve our investment objectives or to pay distributions to our stockholders.

The Adviser will have broad discretion in selecting the properties we will invest in.

The Adviser has broad discretionary power to decide what investments we will make and what strategies we will use. While the Adviser currently intends to use the strategies described herein, we may employ other investment techniques and invest in other instruments that the Adviser believes will help achieve our investment objectives or hedge unforeseen risks, whether or not such investment techniques or instruments are specifically described herein. Consistent with its investment objectives, we may invest in financial instruments of any and all types, which exist now or are hereafter created. Such investments may entail risks not described herein, any of which may adversely affect us.

The termination or replacement of the Adviser or the Sub-Adviser could trigger a repayment event under our mortgage loans for some of our properties and the credit agreements governing any line of credit we obtain.

Lenders for certain of our properties may request provisions in the mortgage loan documentation that would make the termination or replacement of the Adviser or the Sub-Adviser an event requiring the immediate repayment of the full outstanding balance of the loan. If we elect to obtain a line of credit and are able to do so, the termination or replacement of the Adviser or the Sub-Adviser could trigger repayment of outstanding amounts under the credit agreement governing our line of credit. If a repayment event occurs with respect to any of our properties, our results of operations and financial condition may be adversely affected.

The Adviser’s inability to retain the services of key real estate professionals could hurt our performance.

Our success depends to a significant degree upon the skill, acumen and contributions of certain key real estate and other professionals employed by the Adviser, each of whom would be difficult to replace. There is ever increasing competition among alternative asset firms, financial institutions, private equity firms, investment advisors, investment managers, real estate investment companies, real estate investment trusts and other industry participants for hiring and retaining qualified investment professionals and there can be no assurance that such professionals will continue to be associated with us or the Adviser, particularly in light of our perpetual-life nature, or that replacements will perform well. If any of these persons were to cease their association with us, our operating results could suffer. Our future success depends, in large part, upon the Adviser’s ability to attract and retain highly skilled managerial, operational and marketing professionals. If the Adviser loses or is unable to obtain the services of highly skilled professionals, our ability to implement our investment strategies could be delayed or hindered.

The Adviser has engaged the Sub-Adviser to select and manage our liquid investments and to manage certain of our real estate properties and real estate-related debt investments. The Adviser relies on the performance of the Sub-Adviser in implementing the liquid investments portion of our investment strategy and the management of the real estate properties and real estate-related debt investments for which it is responsible.

The Adviser has engaged the Sub-Adviser to select and manage our liquid investments and to manage certain of our real estate properties and real estate-related debt investments pursuant to sub-advisory agreements between the Adviser and the Sub-Adviser. The Sub-Adviser has and will continue to have substantial discretion, within our investment guidelines, to make decisions related to the acquisition, management and disposition of our liquid assets and the management of the real estate properties and real estate-related debt investments for which it is responsible. If the Sub-Adviser does not succeed in managing the liquid investments portion of our investment strategy or successfully managing the real estate properties and real estate-related debt investments for which it is responsible, our performance will suffer. In addition, even though the Adviser has the ability to terminate the Sub-Adviser at any time, it may be difficult and costly to terminate and replace the Sub-Adviser.

The success of our Offering is dependent, in part, on the ability of the Dealer Manager to retain key employees and to successfully build and maintain a network of licensed broker-dealers.

The dealer manager for the Offering is Brookfield Oaktree Wealth Management Solutions LLC, an affiliate of the Adviser. The Dealer Manager is newly formed, and other than serving as dealer manager for the Offering, the Dealer Manager has no experience acting as a dealer manager for a public offering of a non-listed REIT. The success of the Offering and our ability to implement our business strategy is dependent upon the ability of our Dealer Manager to retain key employees and to build and maintain a network of licensed securities broker- dealers and other agents. If the Dealer Manager is unable to retain qualified employees or build and maintain a sufficient network of participating broker-dealers to distribute shares in the Offering, we may not be able to raise adequate proceeds through the Offering to meet our investment objectives. In addition, the Dealer Manager may serve as dealer manager for other issuers, including Other Brookfield Accounts and Other Oaktree Accounts. As a result, the Dealer Manager may experience conflicts of interest in allocating its time between this offering and such other issuers, which could adversely affect our ability to raise adequate proceeds through this offering and implement our investment strategy. Further, the participating broker-dealers retained by the Dealer Manager may have numerous competing investment products, some with similar or identical investment strategies and areas of focus as us, which they may elect to emphasize to their retail clients.

The fees we pay in connection with our Offering and the agreements entered into with Brookfield, Oaktree and their respective affiliates were not determined on an arm’s-length basis and therefore may not be on the same terms we could achieve from a third party.

The compensation paid to the Adviser, the Sub-Adviser and other affiliates of Brookfield and Oaktree for services they provide us was not determined on an arm’s-length basis. All service agreements, contracts or arrangements between or among Brookfield, Oaktree and their respective affiliates, including the Adviser and the Sub-Adviser, were not negotiated at arm’s length. Such agreements include the Advisory Agreement, the Sub-Advisory Agreements, the Dealer Manager Agreement and any property management and other agreements we may enter into with affiliates of the Adviser and the Sub-Adviser from time to time.

We do not own the Brookfield name, but we may use it as part of our corporate name pursuant to a license agreement with an affiliate of Brookfield. Use of the name by other parties or the termination of our license agreement may harm our business.

We have entered into a license agreement (the “License Agreement”) with an affiliate of Brookfield (the “Licensor”) pursuant to which it has granted us a fully paid-up, royalty-free, non-exclusive, non-transferable license to use the name “Brookfield Real Estate Income Trust Inc.” Under the License Agreement, we have a right to use this name for so long as the Adviser (or another affiliate of the Licensor) serves as our adviser (or another advisory entity) and the Adviser remains an affiliate of the Licensor under the License Agreement. The License Agreement may also be earlier terminated by either party as a result of certain breaches or for convenience upon 90 days prior written notice, provided that upon notification of such termination by us, the Licensor may elect to effect termination of the License Agreement immediately at any time after 30 days from the date of such notification. The Licensor and its affiliates, such as Brookfield, will retain the right to continue using the “Brookfield” name. We will further be unable to preclude the Licensor from licensing or transferring the ownership of the “Brookfield” name to third parties, some of whom may compete with us. Consequently, we will be unable to prevent any damage to goodwill that may occur as a result of the activities of the Licensor, Brookfield or others. Furthermore, in the event that the License Agreement is terminated, we will be required to, among other things, change our name. Any of these events could disrupt our recognition in the marketplace, damage any goodwill we may have generated and otherwise harm our business.

Various potential and actual conflicts of interest will arise, and these conflicts may not be identified or resolved in a manner favorable to us.

Various potential and actual conflicts of interest will arise as a result of our overall investment activities and the overall investment activities of Brookfield, Oaktree, the Dealer Manager, the Adviser, the Sub-Adviser and their affiliates. The following risk factors enumerate certain but not all potential conflicts of interest that should be carefully evaluated before making an investment in us. Brookfield and Brookfield personnel may in the future engage in further activities that may result in additional conflicts of interest not addressed below. If any matter arises that we and our affiliates (including the Adviser, the Sub-Adviser and the Dealer Manager) determine in our good faith judgment constitutes an actual conflict of interest, we and our affiliates (including the Adviser, the Sub-Adviser and the Dealer Manager) may take such action as we determine in good faith may be necessary or appropriate to ameliorate the conflict. Transactions between us and Brookfield, Oaktree or their respective affiliates will require approval by our board of directors, including a majority of our independent directors. There can be no assurance that our board of directors, Brookfield or Oaktree will identify or resolve all conflicts of interest in a manner that is favorable to us.

The Adviser’s management and performance fees may not create proper incentives or may induce the Adviser and its affiliates to make certain investments, including speculative investments, that increase the risk of our real estate portfolio.

We will pay the Adviser a management fee regardless of the performance of our portfolio. The Adviser’s entitlement to a management fee, which is not based upon performance metrics or goals, might reduce its incentive to devote its time and effort to seeking investments that provide attractive risk-adjusted returns for our portfolio. We may be required to pay the Adviser a management fee in a particular period despite experiencing a net loss or a decline in the value of our portfolio during that period. The Adviser, however, has a fiduciary duty to us. If the Adviser fails to act in our best interests, then it will have violated this duty. The Advisory Agreement may be terminated by us or the Adviser on 60 days’ notice. The existence of the the performance fee, which is based on our total distributions plus the change in NAV per share, may create an incentive for the Adviser to make riskier or more speculative investments on our behalf or cause us to use more leverage than it would otherwise make in the absence of such performance based compensation. In addition, the change in NAV per share will be based on the value of our investments on the applicable measurement dates and not on realized gains or losses. As a result, the Adviser may receive distributions based on unrealized gains in certain assets at the time of such distributions and such gains may not be realized when those assets are eventually disposed of.

Each of the Adviser and the Sub-Adviser will face a conflict of interest because the fees they will receive for services performed are based in part on our NAV, which the Adviser and the Sub-Adviser are ultimately responsible for determining.

Each of the Adviser and the Sub-Adviser will be paid fees for their services based on our NAV, which will be calculated by State Street, based on valuations provided by the Adviser and the Sub-Adviser. In addition, a component of the management and performance fees payable to the Adviser is based in part upon the Operating Partnership’s net assets (which is a component of our NAV). The calculation of our NAV includes certain subjective judgments with respect to estimating, for example, the value of our portfolio and our accrued expenses, net portfolio income and liabilities, and therefore, our NAV may not correspond to realizable value upon a sale of those assets. The Adviser or the Sub-Adviser, as applicable, may benefit by us retaining ownership of our assets at times when our stockholders may be better served by the sale or disposition of our assets in order to avoid a reduction in our NAV. If our NAV is calculated in a way that is not reflective of our actual NAV, then the purchase price of shares of our common stock or the price paid for the repurchase of shares of common stock on a given date may not accurately reflect the value of our portfolio, and shares may be worth less than the purchase price or more than the repurchase price.

Certain Other Brookfield Accounts have similar or overlapping investment objectives and guidelines, and we will not be allocated certain opportunities and may be allocated only opportunities with lower relative returns.

Brookfield manages other funds and accounts, which present the possibility of overlapping investments, and thus the potential for conflicts of interest. Brookfield has adopted certain procedures intended to ensure fair and consistent access to appropriate investment opportunities among the Other Brookfield Accounts. Some of the investments targeted by us may be appropriate for certain Other Brookfield Accounts, and in retrospect or at different points in the market cycle, investments that were made by us may seem more appropriate for an Other Brookfield Account, and vice versa. Investors will have no ability to challenge such allocation so long as it was made in good faith in accordance with Brookfield’s allocation procedures. Such procedures give Brookfield broad authority to allocate investment opportunities, notwithstanding the potential conflicts of interest that may exist. For example, management fees, incentive fees and liquidity provisions may differ significantly between us and the Other Brookfield Accounts, creating an economic incentive for Brookfield to allocate investments that may be appropriate for a lower fee or more liquid strategy to a higher fee or less liquid strategy.

If any matter arises that the Adviser determines in its good faith judgment constitutes an actual conflict of interest, the Adviser may take such actions as may be necessary or appropriate to prevent or reduce the conflict.

We may make investments in different parts of the capital structure of companies in which Other Brookfield Accounts already hold an investment. If any conflict were to arise, Brookfield will be permitted to take certain actions that, in the absence of such conflict, it would not take, such as causing us to remain passive, investing in the same class of securities to align interests, divesting investments or taking other actions to reduce adversity, which may have the effect of benefiting Other Brookfield Accounts and not our company.

In addition, Brookfield may determine the suitability of investments for our company or Other Brookfield Accounts based in part on the basis of financial projections and there is no guarantee that the conditions on which such projections are based will materialize or otherwise be applicable to our investments. Accordingly, Other Brookfield Accounts may be allocated investment opportunities that ultimately turn out to have been more appropriate for our company, and we may be allocated investment opportunities that turn out to have been more appropriate for Other Brookfield Accounts. In addition, events or conditions, including changes in general market conditions, which may not have been anticipated or which are otherwise not foreseeable, may occur and have a significant impact on the actual rate of return received with respect to our investments or the investments of Other Brookfield Accounts.

Under certain circumstances, we may be offered an opportunity to make an investment in a transaction in which one or more Other Brookfield Accounts is expected to make an investment, or in a company in which one or more Other Brookfield Accounts already has made, or concurrently will make, an investment, subject to the limitations set forth in our charter and any approvals by our board of directors required under our charter. As a result, we and the Other Brookfield Accounts may have conflicting interests in negotiating the terms of such investments. In that regard, actions may be taken for the Other Brookfield Accounts that are adverse to us. There can be no assurance that any such conflict will be resolved in our favor and Brookfield may be required to take action where it will have conflicting loyalties between its duties to us and to Other Brookfield Accounts, which may adversely impact us. Such conflicts may also exist in the negotiations of amendments or waivers or in a workout or bankruptcy. It is possible that in a bankruptcy proceeding, our interests may be subordinated or otherwise adversely affected by virtue of such Other Brookfield Accounts’ involvement and actions relating to their investments. Brookfield will seek to manage such conflicts in good faith and in a manner consistent with its duties to us and the other Brookfield Accounts.

In addition, we may be competing bidders from time to time with Other Brookfield Accounts for a specific investment opportunity. At the time such transaction is priced and at certain other times, certain personnel of Brookfield who are not engaged in our management may be restricted from disclosing information they receive about such investment from Other Brookfield Accounts to us.

Brookfield personnel will work on other projects and conflicts may arise in the allocation of personnel between us and other projects.

The Adviser and its affiliates will devote such time as they deem necessary to conduct our business affairs in an appropriate manner. However, a core group of real estate professionals will devote substantially all of their business time not only to our activities but also to the activities of several Other Brookfield Accounts (and their investments) and their related entities (which may include separate accounts, dedicated managed accounts or investment funds formed for specific geographical areas or investments). Consequently, conflicts are expected to arise in the allocation of personnel, and we may not receive the level of support and assistance that we otherwise might receive if we were internally managed. The Adviser and its affiliates are not restricted from entering into other investment advisory relationships or from engaging in other business activities.

Brookfield or Oaktree may acquire confidential or material non-public information or be restricted from initiating transactions in certain securities, as a result of which we may not be able to initiate a transaction or sell an investment that may otherwise have been initiated or sold.

By reason of their responsibilities in connection with us and other activities of Other Brookfield Accounts or Other Oaktree Accounts, personnel of Brookfield or Oaktree may acquire confidential or material non-public information or be restricted from initiating transactions in certain securities. We will not be free to act upon any such information. Due to these restrictions, we may not be able to initiate a transaction that it otherwise might have initiated and may not be able to sell an investment that it otherwise might have sold.

Notwithstanding the foregoing, Brookfield or Oaktree may determine, in their sole discretion at any time, that such information could impair its ability to effect certain transactions on behalf of us, whether for legal, contractual, or other reasons. Accordingly, Brookfield or Oaktree may elect not to receive such information. Lack of access to any such information may adversely affect our investments that in some cases may have been avoided had Brookfield or Oaktree, as applicable, had such information.

We may purchase assets from or sell assets to the Adviser, the Sub-Adviser and their respective affiliates, and such transactions may cause conflicts of interest.

We may purchase assets from or sell assets to the Adviser, the Sub-Adviser and their respective affiliates or clients. These purchases and sales may cause conflicts of interest, including with respect to the consideration offered and the obligations of such affiliates. These purchases and sales will be subject to the approval of a majority of directors (including a majority of our independent directors) not otherwise interested in the transaction.

We may make investments at different times or on different terms than Other Brookfield Accounts, ultimately realizing different investment returns than such Other Brookfield Accounts.

Other Brookfield Accounts may make investments at different times or on different terms or exit any of such investments at different times and/or on different terms compared to such investment made on our behalf. Therefore, we may realize different investment returns than Other Brookfield Accounts, with respect to any investment made alongside some or all of such entities.

Brookfield shall have sole discretion in determining what investments we will be offered to pursue. As a result, there is no guarantee that we will be offered the opportunity to invest in any particular investments or type of investments alongside any Other Brookfield Accounts. The terms, conditions and the time of investment and disposition of investments held by us may be materially different from those of any Other Brookfield Accounts.

The personnel of the Adviser and the Sub-Adviser may trade in securities for their own accounts, subject to restrictions applicable to Brookfield and Oaktree personnel, respectively.

Our charter does not prohibit Brookfield, the Adviser, the Sub-Adviser, Oaktree or their respective affiliates, employees, officers, directors, principals or members from buying or selling securities or commodity interests for their own account. The records of any such trades by Brookfield, the Adviser, the Sub-Adviser, Oaktree or their respective affiliates, employees, officers, directors, principals or members will not be open to inspection by our stockholders. With respect to such personal accounts, Brookfield, the Adviser, the Sub-Adviser, Oaktree or their respective employees, officers, directors, principals or members may, to the extent not otherwise prohibited under the applicable policies of Brookfield and Oaktree, take investment positions different from, or contrary to, those taken by us. Such personal securities transactions and investments will, in certain circumstances, result in conflicts of interest, including to the extent they relate to (i) a company in which we hold or acquire an interest (either directly through a privately negotiated investment or indirectly through the purchase of securities or other traded instruments related thereto) and (ii) entities that have interests which are adverse to ours or pursue similar investment opportunities as us.

Brookfield’s or Oaktree's existing relationships may influence the Adviser’s or the Sub-Adviser's decision-making and the Adviser or Sub-Adviser may take the existence and development of such relationships into consideration in managing us and our investments.

Brookfield and Oaktree each have long-term relationships with a significant number of companies and their respective senior management. Brookfield and Oaktree also have relationships with numerous investors, including institutional real estate investors and their senior management. The existence and development of these relationships may influence whether or not the Adviser undertakes a particular investment on behalf of us and, if so, the form and level of such investment. Similarly, the Adviser or the Sub-Adviser, as applicable, may take the existence and development of such relationships into consideration in its management of us and our investments. Without limiting the generality of the foregoing, there may, for example, be certain strategies involving the management or realization of particular investments that the Adviser or the Sub-Adviser will not employ on our behalf in light of these relationships.

The Adviser and the Sub-Adviser may face conflicts of interest in choosing our service providers and financing sources, and certain service providers may provide services to the Adviser, Brookfield, Other Brookfield Accounts, the Sub-Adviser, Oaktree or Other Oaktree Accounts on more favorable terms than those payable by us.

Conflicts of interest may exist with respect to the Adviser’s and Sub-Adviser's selection of brokers, dealers and transaction agents and counterparties (collectively, “Broker Dealers”) and financing sources for the execution of transactions by us. When engaging the services of such Broker Dealers and financing sources, the Adviser or the Sub-Adviser may, subject to best execution, take into consideration a variety of factors, including, to the extent applicable, the ability to achieve prompt and reliable execution, competitive pricing, transaction costs, operational efficiency with which transactions are effected, access to deal flow and precedent transactions, and the financial stability and reputation of the particular Broker Dealers, as well as other factors that the Adviser or the Sub-Adviser, as applicable, deems appropriate to consider under the circumstances. Broker Dealers and financing sources may provide other services that are beneficial to the Adviser, Brookfield, the Sub-Adviser, Oaktree and their respective affiliates, but that are not necessarily beneficial to us, including capital introductions, other marketing assistance, client and personnel referrals, consulting services, and research-related services. These other services and items may influence the Adviser’s and the Sub-Adviser's selection of Broker Dealers and financing sources.

Conflicts of interest may also arise in connection with service providers retained by Brookfield. For example, Brookfield and/or the Adviser may from time to time retain consultants or transition former employees to consultant status to provide assistance with deal sourcing, industry insight or due diligence, offer financial and structuring advice and perform other services for us, Other Brookfield Accounts or their respective portfolio companies (“Senior Advisors”). Such services may be provided on an exclusive basis. Our share of any retainers or other fees charged by Senior Advisors (“Senior Advisor Fees”) will be treated as an expense borne by us (whether paid by us directly, by a portfolio company or by the Adviser or Brookfield and subsequently reimbursed by us). While such Senior Advisor Fees are believed to be reasonable and generally at market rates for the relevant service provided, because of the exclusive arrangements Senior Advisor Fees may not always be comparable to costs, fees and expenses charged for such services by other third parties. In addition to such fees, we will also generally bear our share of any travel costs or other out-of-pocket expenses incurred by Senior Advisors in connection with the provision of their services. Office, accounting, network, administration and other support benefits may be provided by Brookfield to Senior Advisors without charge. Senior Advisors may also be granted the right to participate alongside us in transactions that they source or for which they provide advice. Such co-investment rights may result in us investing less capital than we otherwise would have in such transactions. In addition, such Senior Advisors may invest directly in us as stockholders.

Additionally, Oaktree has retained Bellwether Asset Management, Inc. (“Bellwether”), a privately held real estate asset services provider, as a consultant to certain Other Oaktree Accounts and the Sub-Adviser may retain Bellwether as an outside service provider to us or our investments. Services performed by Bellwether include assisting with property management (including development projects), gathering, analyzing and sorting data from servicers and borrowers, synthesizing data into standardized management reports and analysis tools used by Oaktree to streamline financial and operational reporting, monitoring covenant compliance by borrowers, market surveillance, underwriting investment and disposition opportunities, modeling projected cash flows and associated investment returns, providing foundational data for valuations along with other valuation services, reviewing draw requests from borrowers, performing property-level accounting services along with other support services. The Sub-Adviser believes there is significant value in having an objective third party such as Bellwether provide these services instead of relying on borrowers to report directly to the Sub-Adviser. Using Bellwether to manage the reporting process also helps ensure that management reports present data in an organized manner for all portfolio investments, allowing the Sub-Adviser to have better information with which to monitor the assets in our portfolio that it manages. Such reporting would be difficult for many operating partners or borrowers to prepare on their own. Bellwether may also be retained by us as a special servicer in connection with non-performing loans and foreclosures. Oaktree, the Sub-Adviser and Bellwether may from time to time agree to expand or reduce the scope of services that Bellwether provides to us or to Other Oaktree Accounts. While neither Oaktree nor the Sub-Adviser are owners of or investors in Bellwether or are employers of Bellwether’s employees, Bellwether may provide asset management services to Oaktree-managed funds and accounts on an exclusive basis or nearly on an exclusive basis. The costs, fees and expenses relating to the services provided by Bellwether are borne by the funds and accounts to which such services are provided. Any costs, fees and expenses allocated to us will be treated as an expense borne by us (whether paid by us directly, by a portfolio company or by the Sub-Adviser or Oaktree and subsequently reimbursed by us). While such costs, fees and expenses are believed by the Sub-Adviser to be reasonable and generally at market rates for the

relevant services provided, the arrangement with Bellwether may result in such costs, fees and expenses not always being comparable to those charged for such services by other third parties. Oaktree and the Sub-Adviser believe the largely exclusive arrangement with Bellwether will benefit our investors by improving the quality of reporting that Oaktree receives on our investments. Our overall share of costs, fees and expenses related to Bellwether’s engagement will vary based on the particular scope of services provided to us by Bellwether.

Moreover, services that Brookfield has historically performed in-house for Other Brookfield Accounts may for certain reasons, including efficiency considerations, be outsourced in whole or in part to third parties in the discretion of Brookfield or the Adviser in connection with our operation. Such outsourced services may include, without limitation, asset management, accounting, tax, compliance, trade settlement, information technology or legal services. Outsourcing may not occur uniformly for all Other Brookfield Accounts and, accordingly, certain costs may be incurred by us through the use of third-party service providers that are not incurred for comparable services used by Other Brookfield Accounts. The decision by the Adviser to initially perform particular services in-house for us will not preclude a later decision to outsource such services, or any additional services, in whole or in part to third parties. The costs, fees or expenses of any such third-party service providers will be treated expenses borne by us.

Certain advisors and other service providers (including, without limitation, accountants, administrators, lenders, bankers, brokers, attorneys, consultants, title agents, investment or commercial banking firms, developers or property managers and certain other advisors and agents) to us, Brookfield or certain entities in which we have an investment, or affiliates of such advisors or service providers, may also provide goods or services to or have business, personal, political, financial or other relationships with Brookfield, its affiliates, Other Brookfield Accounts or their portfolio companies. Such advisors or service providers (or their employees) may be investors in us or Other Brookfield Accounts, Brookfield or their respective affiliates, sources of investment opportunities, co-investors or commercial counterparties or entities in which Brookfield or Other Brookfield Accounts have an investment, and payments by us or such portfolio companies may indirectly benefit Brookfield or such Other Brookfield Accounts. Additionally, certain Brookfield employees may have family members or relatives employed by advisors and service providers. These service providers and their affiliates may contract or enter into any custodial, financial, banking, advising or brokerage, placement agency or other arrangement or transaction with us, the Adviser, Brookfield or any investor in us or any portfolio company in which we have made an investment. These relationships may influence the Adviser or Brookfield in deciding whether to select or recommend such a service provider to perform services for us or a portfolio company (the cost of which will generally be borne directly or indirectly by us). Advisors and service providers often charge different rates or have different arrangements for specific types of services. For example, the fee for a particular type of service may vary based on the complexity of the matter as well as the expertise required and demands placed on the service provider. Therefore, to the extent the types of services used by us are different from those used by Brookfield, Other Brookfield Accounts, their portfolio companies or their respective affiliates, any of the foregoing may pay different amounts or rates than those paid by us with respect to any particular advisor or service provider.

We may co-invest with Brookfield affiliates in real estate-related investments and such investments may be in different parts of the capital structure of an issuer and may otherwise involve conflicts of interest.

Other Brookfield Accounts hold a number of existing real estate-related investments and may in the future make further such investments. To the extent permitted by our charter and, as required, subject to approval by our board of directors, we may make investments either in those same assets or in related assets. In addition, we anticipate that we may make investments in entities or assets in which an Other Brookfield Account holds an investment in a different class of the debt or equity securities of such entities or such assets. For example, we may make investments in the equity of entities or assets in which Other Brookfield Accounts have made or will make investments in various tranches of CMBS securitizations or other debt instruments.

In the foregoing circumstances, to the extent we hold securities that are different (including with respect to relative seniority) than those held by such Other Brookfield Accounts, Brookfield could have conflicting loyalties between its duties to us and such other Brookfield fund. In order to mitigate any such conflicts of interest, we may recuse ourselves from participating in any decisions relating to or with respect to such securities held by such Other Brookfield Accounts (notwithstanding that if such Other Brookfield Accounts maintain voting rights with respect to the securities they hold) or, if we do not recuse ourselves Brookfield may be required to take action where it will have conflicting loyalties between its duties to us and to such Other Brookfield Accounts, which may adversely impact us.

We have entered into and may continue to enter into joint ventures and other shared assets which will involve risks and conflicts of interests.

We have made joint venture investments with Other Brookfield Accounts, and may subject to the requirements in our charter, we may continue to invest in shared assets through the formation of joint ventures with Other Brookfield Accounts. Such joint venture investments will involve risks and conflicts of interests. Joint venture investments could be adversely affected by our

lack of sole decision-making authority, our reliance on the financial condition of our joint venture partners and disputes between us and our joint venture partners.

Brookfield, including the Adviser, may face conflicts of interest associated with the Brookfield Investor’s investments in us and the related share repurchase arrangement.

The Brookfield Investor was issued a combination of Class E shares of our common stock and Class E units of the Operating Partnership in connection with its contribution of certain assets to the Operating Partnership in connection with the Adviser Transition. Our board of directors, including a majority of independent directors, has adopted an arrangement to repurchase securities held by the Brookfield Investor. Because this arrangement is with an affiliate of Brookfield, the terms were not negotiated at arm’s length. Brookfield may face conflicts of interest in conducting the share repurchase arrangement with the Brookfield Investor. Also, because the Brookfield Investor owns a significant amount of shares of our common stock and Operating Partnership units, the Adviser may face conflicts of interest in managing our investment activities.

There may be conflicts of interest related to our uncommitted line of credit with an affiliate of Brookfield.

We have entered into the Credit Agreement with an affiliate of Brookfield, pursuant to which we may borrow up to $125 million at an interest rate equal to the lowest then-current interest rate offered by a third-party lender to us for a similar credit product, or, if no such rate is available, LIBOR plus 2.25%. There can be no assurances that we will be able to borrow under the Credit Agreement, or that the Brookfield lender will issue a loan or extend or renew the Credit Agreement. Because this Credit Agreement is with an affiliate of Brookfield, the terms of the agreement were not negotiated at arm’s length. The Adviser may face conflicts of interest in connection with any borrowings or disputes under this Credit Agreement.

We expect to have a diverse stockholder group and the interests of our stockholders may conflict with one another and may conflict with the interests of investors in other vehicles that we co-invest with.

Our stockholders may have conflicting investment, tax and other interests with respect to their investments in us and with respect to the interests of investors in other investment vehicles, including the Other Brookfield Accounts, and accounts managed or advised by the Adviser or its affiliates that may participate in the same investments as us. The conflicting interests of individual stockholders with respect to other stockholders and relative to investors in other investment vehicles accounts may relate to or arise from, among other things, the nature of investments made by us and such other vehicles and accounts, the structuring or the acquisition of investments and the timing of disposition of investments and such other vehicles and accounts. As a consequence, conflicts of interest may arise in connection with decisions made by the Adviser or its affiliates, including with respect to the nature or structuring of investments, which may be more beneficial for one stockholder than for another stockholder, especially with respect to stockholders’ individual tax situations. In addition, we may make investments that could have a negative impact on related investments made by the stockholders in separate transactions. In selecting and structuring investments appropriate for us, the Adviser considers our investment and tax objectives (including our qualification as a REIT) and our stockholders (and those of investors in other investment vehicles managed or advised by the Adviser or its affiliates) as a whole, not the investment, tax or other objectives of any stockholders individually.

Our board of directors has adopted resolutions that renounce our interest or expectancy with respect to certain business opportunities and competitive activities.

Our board of directors has adopted resolutions that provide that none of Brookfield, Oaktree or their respective affiliates, our directors or any person our directors control are required to refrain directly or indirectly from engaging in any business opportunities, including any business opportunities in the same or similar business activities or lines of business in which we or our affiliates may from time to time be engaged or propose to engage, or from competing with us, and that renounce our interest or expectancy in, or in being offered an opportunity to participate in, any such business opportunities, unless those opportunities are offered to such person in his or her capacity as our director or officer and intended exclusively for us or any of our subsidiaries.

Disputes between Brookfield and our joint venture partners who have pre-existing investments with Brookfield may affect our investments relating thereto.

Some of the third-party operators and joint-venture partners with which the Adviser may elect to co-invest our capital may have pre-existing investments with Brookfield. The terms of these preexisting investments may differ from the terms upon which we invest with such operators and partners. To the extent a dispute arises between Brookfield and such operators and partners, our investments relating thereto may be affected.

We may be subject to additional potential conflicts of interests with portfolio companies of Brookfield and Other Brookfield Accounts, as well as affiliates of Oaktree.

We may be subject to additional potential conflicts of interests with portfolio companies of Brookfield and Other Brookfield Accounts. For example, a portfolio company of an Other Brookfield Account may be a competitor, customer, service provider or supplier of one or more of our investments. There may also be circumstances where a tenant or a prospective tenant in

connection with one of our investments may also be interested in or eligible to be a tenant or prospective tenant at a property owned by an Other Brookfield Account. In such circumstances, such Other Brookfield Account or portfolio company thereof may take actions that have adverse consequences for us or one of our investments, such as seeking to increase its market share at the investment’s detriment, withdrawing business from the investment in favor of a competitor that offers the same product or service at a more competitive price, or increasing prices of its products in its capacity as a supplier of the investment or commencing litigation against the investment. In addition, in such circumstances, the Adviser may not pursue certain such actions on our behalf, which could result in a benefit to an Other Brookfield Account or to our company. Brookfield has implemented policies and procedures designed to mitigate such potential conflicts of interest. Such policies and procedures could reduce the business activity among the portfolio companies of Other Brookfield Accounts, which could negatively affect one or more of our investments and, therefore, us as a whole. An Other Brookfield Account or portfolio company thereof may nonetheless continue to take such actions that have adverse consequences for us or our investments, and Brookfield will not have any obligation or duty in this regard.

In addition, Oaktree and its affiliates currently manage and may in the future manage Other Oaktree Accounts. We may be subject to additional potential conflicts of interests with portfolio companies of Oaktree and Other Oaktree Accounts.

We may be subject to additional potential conflicts of interests as a consequence of Brookfield’s status as a public company.

As a consequence of Brookfield’s status as a public company, our officers, directors, members, managers and employees and those of the Adviser may take into account certain considerations and other factors in connection with the management of the business and affairs of us and our affiliates that would not necessarily be taken into account if Brookfield were not a public company.

We are a party to the Option Investments Purchase Agreement with Oaktree.

Pursuant to the terms of the Adviser Transition Agreement, we entered into the Option Investments Purchase Agreement with Oaktree, pursuant to which Oaktree will have the right to purchase the Operating Partnership’s entire interest in all of the Equity Option Investments or the Debt Option Investments, or both, for a period of 12 months following the earlier of (i) 18 months after the date upon which the Adviser Transition is completed and (ii) the date on which we notify Oaktree that we have issued in the aggregate $1 billion of our common stock to non-affiliates after the date the Adviser Transition is completed (such 12-month period, the “Option Period”) at price equal to the fair value of the applicable Option Investments, as determined in connection with our most recently determined NAV immediately prior to the closing of such purchase. Because this Option Investments Purchase Agreement is with Oaktree, an affiliate of Brookfield, the terms of the agreement were not negotiated at arm’s length. In addition, because of the Option Investments Purchase Agreement, we would be precluded from selling the Equity Option Investments or the Debt Option Investments to a third party, prior to the expiration of the Option Period, without the consent of Oaktree, even if our Adviser determines that it would be in our best interest to dispose of one or more of the Oaktree Option Investments in order to rebalance our portfolio or for liquidity needs to fund share repurchases. In addition, the purchase price payable by Oaktree for the Oaktree Option Investments pursuant to the Option Investments Purchase Agreement is fixed at the current appraised value as of the date of sale, which would preclude us from realizing any premium to appraised value that a third party may be willing to pay during the Option Period.

Risks Related to our REIT Status and Certain Other Tax Items

If we do not maintain our qualification as a REIT, we will face serious tax consequences that could substantially reduce the funds available to satisfy our obligations, to implement our business strategy and to make distributions to our stockholders for each of the years involved.

We expect to continue to operate so as to qualify as a REIT under the Code. However, qualification as a REIT involves the application of highly technical and complex Code provisions for which only a limited number of judicial or administrative interpretations exist. Notwithstanding the availability of cure provisions in the Code, various compliance requirements could be failed and could jeopardize our REIT status. Furthermore, new tax legislation, administrative guidance or court decisions, in each instance potentially with retroactive effect, could make it more difficult or impossible for us to qualify as a REIT. If we fail to qualify as a REIT in any tax year, then:

•we would be taxed as a regular domestic corporation, which under current laws, among other things, means being unable to deduct distributions to stockholders in computing taxable income and being subject to federal income tax on our taxable income at regular corporate income tax rates;

•any resulting tax liability could be substantial and could have a material adverse effect on our book value;

•unless we were entitled to relief under applicable statutory provisions, we would be required to pay taxes, and thus, our cash available for distribution to stockholders would be reduced for each of the years during which we did not qualify as a REIT and for which we had taxable income; and

•we generally would not be eligible to requalify as a REIT for the subsequent four full taxable years.

To maintain our REIT status, we may have to borrow funds on a short-term basis during unfavorable market conditions.

To qualify as a REIT, we generally must distribute annually to our stockholders a minimum of 90% of our net taxable income, determined without regard to the dividends-paid deduction and excluding net capital gains. We will be subject to regular corporate income taxes on any undistributed REIT taxable income each year, including any undistributed capital gains. Additionally, we will be subject to a 4% nondeductible excise tax on any amount by which distributions paid by us in any calendar year are less than the sum of 85% of our ordinary income, 95% of our capital gain net income and 100% of our undistributed income from previous years. Payments we make to our stockholders under our share repurchase plan will not be taken into account for purposes of these distribution requirements. If we do not have sufficient cash to make distributions necessary to preserve our REIT status for any year or to avoid taxation, we may be forced to borrow funds or sell assets even if the market conditions at that time are not favorable for these borrowings or sales. These options could increase our cost and our leverage, and reduce the value of our investments.

Compliance with REIT requirements may cause us to forego otherwise attractive opportunities, which may hinder or delay our ability to meet our investment objectives and reduce our overall return.

To qualify as a REIT, we are required at all times to satisfy tests relating to, among other things, the sources of our income, the nature and diversification of our assets, the ownership of our stock and the amounts we distribute to our stockholders. Compliance with the REIT requirements may impair our ability to operate solely on the basis of maximizing profits. For example, we may be required to make distributions to stockholders at disadvantageous times or when we do not have funds readily available for distribution.

Compliance with REIT requirements may force us to liquidate or restructure otherwise attractive investments.

To qualify as a REIT, at the end of each calendar quarter, at least 75% of the value of our assets must consist of cash, cash items, government securities and qualified real estate assets. The remainder of our investments in securities (other than qualified real estate assets and government securities) generally cannot include more than 10% of the voting securities (other than securities that qualify for the straight debt safe harbor) of any one issuer or more than 10% of the value of the outstanding securities of any one issuer unless we and such issuer jointly elect for such issuer to be treated as a “taxable REIT subsidiary” under the Code. Debt will generally meet the “straight debt” safe harbor if the debt is a written unconditional promise to pay on demand or on a specified date a certain sum of money, the debt is not convertible, directly or indirectly, into stock, and the interest rate and the interest payment dates of the debt are not contingent on profits, the borrower’s discretion, or similar factors.

Additionally, no more than 5% of the value of our assets (other than government securities and qualified real estate assets) can consist of the securities of any one issuer, and no more than 20% of the value of our assets may be represented by securities of one or more taxable REIT subsidiaries. If we fail to comply with these requirements, we must dispose of a portion of our assets within 30 days after the end of the calendar quarter in order to avoid losing our REIT status and suffering adverse tax consequences. In order to satisfy these requirements, we may be forced to liquidate assets from our portfolio or not make otherwise attractive investments.

Our charter does not permit any person or group to own more than 9.9% of our outstanding common stock or of our outstanding stock of all classes or series, and attempts to acquire our common stock or our stock of all other classes or series in excess of these 9.9% limits would not be effective without an exemption from these limits by our board of directors.

For us to qualify as a REIT under the Code, not more than 50% of the value of our outstanding stock may be owned directly or indirectly, by five or fewer individuals (including certain entities treated as individuals for this purpose) during the last half of a taxable year. For the purpose of assisting our qualification as a REIT for U.S. federal income tax purposes, among other purposes, our charter prohibits beneficial or constructive ownership by any person or group of more than 9.9%, in value or by number of shares, whichever is more restrictive, of the outstanding shares of our common stock or 9.9%, in value or by number of shares, whichever is more restrictive, of the outstanding shares of all classes or series of our stock, which we refer to as the “ownership limit.” The constructive ownership rules under the Code and our charter are complex and may cause shares of the outstanding common stock owned by a group of related persons to be deemed to be constructively owned by one person. As a result, the acquisition of less than 9.9% of our outstanding common stock or our capital stock by a person could cause another person to own constructively in excess of 9.9% of our outstanding common stock or our capital stock, respectively, and thus violate the ownership limit. There can be no assurance that our board of directors, as permitted in the charter, will not decrease this ownership limit in the future. Any attempt to own or transfer shares of our common stock or capital stock in excess of the ownership limit without the consent of our board of directors will result either in the shares in excess of the limit being transferred by operation of the charter to a charitable trust, and the person who attempted to acquire such excess shares will not have any rights in such excess shares, or in the transfer being void.

The ownership limit may have the effect of precluding a change in control of us by a third party, even if such change in control would be in the best interests of our stockholders or would result in receipt of a premium to the NAV of our common stock (and

even if such change in control would not reasonably jeopardize our REIT status). The exemptions to the ownership limit granted to date may limit our board of directors’ power to increase the ownership limit or grant further exemptions in the future.

Non-U.S. holders may be required to file U.S. federal income tax returns and pay U.S. federal income tax upon their receipt of certain distributions from us or upon their disposition of shares of our common stock.

In addition to any potential withholding tax on ordinary dividends, a non-U.S. holder, other than a “qualified shareholder” or a “qualified foreign pension fund,” that disposes of a “U.S. real property interest” (“USRPI”) (which includes shares of stock of a U.S. corporation whose assets consist principally of USRPIs), or that receives a distribution from a REIT that is attributable to gains from such a disposition, is generally subject to U.S. federal income tax under the Foreign Investment in Real Property Tax Act of 1980, as amended (“FIRPTA”), on the amount received from (or, in the case of a distribution, to the extent attributable to gains from) such disposition. Subject to certain exceptions, FIRPTA gains must be reported on U.S. federal income tax returns and are taxable at regular U.S. federal income tax rates. Generally, amounts received by a non-U.S. holder on certain dispositions of shares of our common stock (including a repurchase) would be subject to tax under FIRPTA, unless our shares of common stock were regularly traded on an established securities market and the non-U.S. holder did not, at any time during a specified testing period, hold more than 10% of our common stock, or another exception applies.

A non-U.S. holder, other than a “qualified shareholder” or a “qualified foreign pension fund,” that receives a distribution from a REIT that is attributable to gains from the disposition of a USRPI as described above, including in connection with a repurchase of our common stock, is generally subject to U.S. federal income tax under FIRPTA to the extent such distribution is attributable to gains from such disposition, regardless of whether the difference between the fair market value and the tax basis of the USRPI giving rise to such gains is attributable to periods prior to or during such non-U.S. holder’s ownership of our common stock, unless the relevant class of stock is regularly traded on an established securities market in the United States and such non-U.S. holder did not own more than 10% of such class at any time during the one-year period ending on the date of such distribution. In addition, a repurchase of our common stock, to the extent not treated as a sale or exchange, may be subject to withholding as an ordinary dividend.

We may incur tax liabilities that would reduce our cash available for distribution to our stockholders.

Even if we qualify and maintain our status as a REIT, we may become subject to U.S. federal income taxes and related state, local and foreign taxes. For example, net income from the sale of properties that are “dealer” properties sold by a REIT (a “prohibited transaction” under the Code) will be subject to a 100% tax. We may not make sufficient distributions to avoid excise taxes applicable to REITs. Similarly, if we were to fail an income test (and did not lose our REIT status because such failure was due to reasonable cause and not willful neglect) we would be subject to tax on the income that does not meet the income test requirements. We also may decide to retain net capital gain we earn from the sale or other disposition of our investments and pay income tax directly on such income. In that event, our stockholders would be treated as if they earned that income and paid the tax on it directly. However, stockholders that are tax-exempt, such as charities or qualified pension plans, would have no benefit from their deemed payment of such tax liability unless they file U.S. federal income tax returns and thereon seek a refund of such tax. We also may be subject to state and local taxes on our income or property, including franchise, payroll, mortgage recording and transfer taxes, either directly or at the level of the other companies through which we indirectly own our assets, such as our taxable REIT subsidiaries, which are subject to full U.S. federal, state, local and foreign corporate-level income taxes. Any taxes we pay directly or indirectly will reduce our cash available for distribution to our stockholders.

Our board of directors is authorized to revoke our REIT election without stockholder approval, which may cause adverse consequences to our stockholders.

Our charter authorizes our board of directors to revoke or otherwise terminate our REIT election, without the approval of our stockholders, if it determines that changes to U.S. federal income tax laws and regulations or other considerations mean it is no longer in our best interests to qualify as a REIT. Our board of directors has fiduciary duties to us and our stockholders and could only cause such changes in our tax treatment if it determines in good faith that such changes are in our best interests and in the best interests of our stockholders. In this event, we would become subject to U.S. federal income tax on our taxable income and we would no longer be required to distribute most of our net income to our stockholders, which may cause a reduction in the total return to our stockholders.

Stockholders may have current tax liability on distributions they elect to reinvest in our common stock.

Stockholders that participate in our distribution reinvestment plan will be deemed to have received, and for U.S. federal income tax purposes will be taxed on, the amount reinvested in shares of our common stock to the extent the amount reinvested was not a tax-free return of capital. Therefore, unless such stockholders are a tax-exempt entity, they may be forced to use funds from other sources to pay such Stockholders' tax liability on the reinvested dividends.

Generally, ordinary dividends payable by REITs do not qualify for reduced U.S. federal income tax rates.

Currently, the maximum tax rate applicable to qualified dividend income payable to certain non-corporate U.S. stockholders is 20%. Dividends payable by REITs, however, generally are not eligible for the reduced rates. Although this does not adversely affect the taxation of REITs or dividends payable by REITs, the more favorable rates applicable to regular corporate qualified dividends could cause certain non-corporate investors to perceive investments in REITs to be relatively less attractive than investments in the stocks of non-REIT corporations that pay dividends, which could adversely affect the value of the shares of REITs, including our common stock. However, under current law, through 2025, individual taxpayers may be entitled to claim a deduction in determining their taxable income of 20% of "ordinary" REIT dividends (i.e. dividends other than capital gain dividends and dividends attributable to certain qualified dividend income received by us), which temporarily reduces the effective tax rate on such dividends.

We may be subject to adverse legislative or regulatory tax changes.

At any time, the tax laws or regulations governing REITs or the administrative interpretations of those laws or regulations may be amended. Although REITs generally receive certain tax advantages compared to entities taxed as regular corporations, it is possible that future legislation would result in a REIT having fewer tax advantages, and it could become more advantageous for a company that invests in real estate to elect to be treated for U.S. federal income tax purposes as a corporation. Our charter authorizes our board of directors to revoke or otherwise terminate our REIT election, without the approval of our stockholders, if it determines that it is no longer in our best interests to qualify as a REIT. We cannot predict when or if any new law, regulation or administrative interpretation, or any amendment to any existing law, regulation or administrative interpretation, will be adopted, promulgated or become effective and any such law, regulation or interpretation may take effect retroactively. We and our stockholders could be adversely affected by any such change in, or any new, tax law, regulation or administrative interpretation.

Additional changes to tax laws are likely to occur and we cannot assure you that any such changes will not adversely affect the taxation of our stockholders. Any such changes could have an adverse effect on an investment in our shares or on the market value or the resale potential of our assets. Stockholders are urged to consult with their tax advisors with respect to the status of legislative, regulatory or administrative developments and proposals and their potential effect on an investment in our shares.

The failure of a mezzanine loan to qualify as a real estate asset could adversely affect our ability to qualify as a REIT.

We may acquire mezzanine loans, for which the U.S. Internal Revenue Service (the "IRS") as provided a safe harbor but not rules of substantive law. Pursuant to the safe harbor, if a mezzanine loan meets certain requirements, it will be treated by the IRS as a real estate asset for purposes of the REIT asset tests, and interest derived from the mezzanine loan will be treated as qualifying mortgage interest for purposes of the REIT 75% income test. We may acquire mezzanine loans that do not meet all of the requirements of this safe harbor. In the event we own a mezzanine loan that does not meet the safe harbor, the IRS could challenge such loan’s treatment as a real estate asset for purposes of the REIT asset and income tests and, if such a challenge were sustained, we could fail to qualify as a REIT.

Investments outside the United States may subject us to additional taxes and could present additional complications to our ability to satisfy the REIT qualification requirements.

Non-U.S. investments may subject us to various non-U.S. tax liabilities, including withholding taxes. In addition, operating in functional currencies other than the U.S. dollar and in environments in which real estate transactions are typically structured differently than they are in the United States or are subject to different legal rules may present complications to our ability to structure non-U.S. investments in a manner that enables us to satisfy the REIT qualification requirements. Even if we maintain our status as a REIT, entities through which we hold investments in assets located outside the United States may be subject to income taxation by jurisdictions in which such assets are located or in which our subsidiaries that hold interests in such assets are located. Any such taxes could adversely affect our business, results of operations, cash flows or financial condition, and our cash available for distribution to our stockholders will be reduced by any such non-U.S. income taxes.

If the Operating Partnership failed to qualify as a partnership or is not otherwise disregarded for U.S. federal income tax purposes, we would cease to qualify as a REIT.

If the IRS were to successfully challenge the status of the Operating Partnership as a partnership or disregarded entity for U.S. federal income tax purposes, it would be taxable as a corporation. In the event that this occurs, it would reduce the amount of distributions that the Operating Partnership could make to us. This would also result in our failing to qualify as a REIT and becoming subject to a corporate-level tax on our income, which would substantially reduce our cash available to pay distributions and the yield on shares of our common stock.

Restrictions on the deduction of all of our interest expense could prevent us from satisfying the REIT distribution requirements and avoiding the incurrence of income or excise taxes.

Rules enacted as part of the JOBS Act may limit our ability (and the ability of entities that are not treated as disregarded entities for U.S. federal income tax purposes and in which we hold an interest) to deduct interest expense. Under amended Section 163(j) of the Code, the deduction for business interest expense may be limited to the amount of the taxpayer’s business interest income plus 30% of the taxpayer’s “adjusted taxable income” unless the taxpayer’s gross receipts do not exceed $25 million per year during the applicable testing period or the taxpayer qualifies to elect and elects to be treated as an “electing real property trade or business.”

A taxpayer’s adjusted taxable income starts with its taxable income and adds back items of non-business income and expense, business interest income and business interest expense, net operating losses, any deductions for “qualified business income,” and, in taxable years beginning before January 1, 2022, any deductions for depreciation, amortization or depletion. A taxpayer that is exempt from the interest expense limitations as an electing real property trade or business is ineligible for certain expensing benefits and is subject to less favorable depreciation rules for real property. The rules for business interest expense apply to us and at the level of each entity in which or through which we invest that is not a disregarded entity for U.S. federal income tax purposes. To the extent that our interest expense is not deductible, our taxable income will be increased, as will our REIT distribution requirements and the amounts we need to distribute to avoid incurring income and excise taxes.

Our taxable REIT subsidiaries are subject to special rules that may result in increased taxes.

We may conduct certain activities or invest in assets through one or more taxable REIT subsidiaries. A taxable REIT subsidiary is a corporation other than a REIT in which a REIT directly or indirectly holds stock and that has made a joint election with such REIT to be treated as a taxable REIT subsidiary. Other than some activities relating to management of hotel and healthcare properties, a taxable REIT subsidiary may generally engage in any business, including the provision of customary or non-customary services to tenants of its parent REIT. A domestic taxable REIT subsidiary is subject to U.S. federal income tax as a regular C corporation.

No more than 20% of the value of a REIT’s total assets may consist of stock or securities of one or more taxable REIT subsidiaries. This requirement limits the extent to which we can conduct our activities through taxable REIT subsidiaries. The values of some of our assets, including assets that we hold through taxable REIT subsidiaries, may not be subject to precise determination, and values are subject to change in the future. In addition, as a REIT, we must pay a 100% penalty tax on IRS adjustments to certain payments that we made or receive if the economic arrangements between us and any of our taxable REIT subsidiaries are not comparable to similar arrangements between unrelated parties. We intend to structure transactions with any taxable REIT subsidiary on terms that we believe are arm’s length to avoid incurring the 100% excise tax described above: however, the IRS may successfully assert that the economic arrangements of any of our intercompany transactions are not comparable to similar arrangements between unrelated parties.

Complying with REIT requirements may limit our ability to hedge effectively and may cause us to incur tax liabilities.

The REIT provisions of the Code may limit our ability to hedge our assets and operations. Under these provisions, any income that we generate from hedging transactions will be excluded from gross income for purposes of the 75% and 95% REIT gross income tests if: (i) the instrument (A) hedges interest rate risk or foreign currency exposure on liabilities used to carry or acquire real estate assets, (B) hedges risk of currency fluctuations with respect to any item of income or gain that would be qualifying income under the 75% or 95% gross income tests or (C) hedges a position entered into pursuant to clause (A) or (B) after the extinguishment of such liability or disposition of the asset producing such income; and (ii) such instrument is properly identified under applicable Treasury Regulations. Income from hedging transactions that do not meet these requirements will generally constitute non-qualifying income for purposes of both the 75% and 95% gross income tests. As a result of these rules, we may have to limit our use of hedging techniques that might otherwise be advantageous or implement those hedges through a taxable REIT subsidiary. This could increase the cost of our hedging activities because our taxable REIT subsidiary would be subject to tax on gains or expose us to greater risks associated with changes in interest rates than we would otherwise want to bear. In addition, losses in our taxable REIT subsidiary will generally not provide any tax benefit, except for being carried forward against future taxable income in the taxable REIT subsidiary.

We may choose to pay dividends in a combination of cash and our own common stock, in which case stockholders may be required to pay income taxes in excess of the cash dividends they receive.

Under IRS Revenue Procedure 2017-45, as a publicly offered REIT, we may give stockholders a choice, subject to various limits and requirements, of receiving a dividend in cash or in our common stock. As long as at least 20% of the total dividend is available in cash and certain other requirements are satisfied, the IRS will treat the stock distribution as a dividend (to the extent applicable rules treat such distribution as being made out of our earnings and profits). As a result, U.S. stockholders may be required to pay income taxes with respect to such dividends in excess of the cash dividends they receive. In the case of non-

U.S. stockholders, we generally will be required to withhold tax with respect to the entire dividend, which withholding tax may exceed the amount of cash such non-U.S. stockholder would otherwise receive.

The “taxable mortgage pool” rules may increase the taxes that we or our stockholders may incur, and may limit the manner in which we effect future securitizations.

Securitizations could result in the creation of taxable mortgage pools for U.S. federal income tax purposes. As a REIT, so long as we own 100% of the equity interests in a taxable mortgage pool, we generally would not be adversely affected by the characterization of the securitization as a taxable mortgage pool. Certain categories of stockholders, however, such as foreign stockholders eligible for treaty or other benefits, stockholders with net operating losses, and certain tax-exempt stockholders that are subject to unrelated business income tax, could be subject to increased taxes on a portion of their dividend income from us that is attributable to the taxable mortgage pool. Because we hold substantially all of our assets through the Operating Partnership, which is treated as a partnership for U.S. federal income tax purposes, the foregoing rules would not apply if the Operating Partnership was, or owned equity interests in, a taxable mortgage pool. Any such taxable mortgage pool would be treated as a corporation for U.S. federal income tax purposes and could prevent us from qualifying as a REIT.

If the leases of our properties are not respected as true leases for U.S. federal income tax purposes, we may fail to qualify as a REIT.

To qualify as a REIT, we must annually satisfy two gross income tests, under which specified percentages of our gross income must be derived from certain sources, such as “rents from real property.” In order for rents paid to the Operating Partnership pursuant to leases of our properties to qualify as “rents from real property” for purposes of the gross income tests, the leases must be respected as true leases for U.S. federal income tax purposes and not be treated as service contracts, financing arrangements, joint ventures or some other type of arrangement. If our leases are not respected as true leases for U.S. federal income tax purposes, we may fail to qualify as a REIT.

Sales of our properties at gains are potentially subject to the prohibited transaction tax, which could reduce the return on a stockholder’s investment.

Our ability to dispose of property is restricted as a result of our REIT status. Under applicable provisions of the Code regarding prohibited transactions by REITs, we will be subject to a 100% tax on any gain realized on the sale or other disposition of any property (other than foreclosure property) we own, directly or through a subsidiary entity, including the Operating Partnership, but excluding our taxable REIT subsidiaries, that is deemed to be inventory or property held primarily for sale to customers in the ordinary course of trade or business unless a safe harbor applies under the Code. Whether property is inventory or otherwise held primarily for sale to customers in the ordinary course of a trade or business depends on the particular facts and circumstances surrounding each property. We intend to avoid the 100% prohibited transaction tax by (1) conducting activities that may otherwise be considered prohibited transactions through a taxable REIT subsidiary, (2) conducting our operations in such a manner so that no sale or other disposition of an asset we own, directly or through any subsidiary other than a taxable REIT subsidiary, will be treated as a prohibited transaction, or (3) structuring certain dispositions of our properties to comply with certain safe harbors available under the Code. However, no assurance can be given that any particular property will not be treated as inventory or property held primarily for sale to customers in the ordinary course of a trade or business or that a safe harbor will apply.

There may be tax consequences to any modifications to our borrowings, our hedging transactions and other contracts to replace references to LIBOR.

We are parties to loan agreements with LIBOR-based interest rates and derivatives with LIBOR-based terms used for hedging and may hold or acquire assets with LIBOR-based terms. We may have to renegotiate such LIBOR-based instruments to replace references to LIBOR. Under current law, certain modifications of terms of LIBOR-based instruments may have tax consequences, including deemed taxable exchanges of the pre- modification instrument for the modified instrument. Proposed Treasury Regulations have been issued that would treat certain modifications that would be taxable events under current law as non-taxable events. The proposed Treasury Regulations also would permit real estate mortgage investment conduits (“REMICs”) to make certain modifications without losing REMIC qualification. The proposed Treasury Regulations do not discuss REIT- specific issues of modifications to LIBOR-based instruments. It is not clear when the proposed Treasury Regulations will be finalized or what, if any, changes will be made to the proposed Treasury Regulations in final Treasury Regulations. The IRS has also issued Revenue Procedure 2020-44, which provides additional guidance to facilitate the market’s transition from LIBOR rates. This guidance clarifies the treatment of certain debt instruments modified to replace LIBOR-based terms. We will attempt to migrate to a post-LIBOR environment without jeopardizing our REIT qualification or suffering other adverse tax consequences but can give no assurances that we will succeed.

Recharacterization of sale-leaseback transactions may cause us to lose our REIT status.

We may purchase real properties and lease them back to the sellers of such properties. We cannot guarantee that the IRS will not challenge our characterization of any sale-leaseback transactions. In the event that any such sale- leaseback transaction is

challenged and recharacterized as a financing transaction or loan for federal income tax purposes, deductions for depreciation and cost recovery relating to such property would be disallowed. If a sale- leaseback transaction were so recharacterized, we might fail to satisfy the REIT qualification “asset tests” or the “gross income tests” and, consequently, lose our REIT status. Alternatively, the amount of our REIT taxable income could be recalculated which might also cause us to fail to meet the distribution requirements for a taxable year.

Retirement Plan Risks

If the fiduciary of an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended, ("ERISA"), fails to meet the fiduciary and other standards under ERISA, the Code or common law as a result of an investment in our stock, the fiduciary could be subject to civil penalties.

There are special considerations that apply to investing in our shares on behalf of a trust, pension, profit sharing or 401(k) plans, health or welfare plans, trusts, individual retirement accounts ("IRAs"), or Keogh plans. If an investor is investing the assets of any of the entities identified in the prior sentence in our common stock, investors should satisfy themselves that:

•the investment is consistent with their fiduciary obligations under applicable law, including common law, ERISA and the Code;

•the investment is made in accordance with the documents and instruments governing the trust, plan or IRA, including a plan’s investment policy;

•the investment satisfies the prudence and diversification requirements of Sections 404(a)(1)(B) and 404(a)(1)(C) of ERISA and other applicable provisions of ERISA and the Code;

•the investment will not impair the liquidity of the trust, plan or IRA;

•the investment will not produce “unrelated business taxable income” for the plan or IRA;

•our stockholders will be able to value the assets of the plan annually in accordance with ERISA requirements and applicable provisions of the plan or IRA; and

•the investment will not constitute a non-exempt prohibited transaction under Title I of ERISA or Section 4975 of the Code.

Failure to satisfy the fiduciary standards of conduct and other applicable requirements of ERISA, the Code, or other applicable statutory or common law may result in the imposition of civil penalties, and can subject the fiduciary to equitable remedies. In addition, if an investment in our shares constitutes a non-exempt prohibited transaction under Title I of ERISA or Section 4975 of the Code, the fiduciary that authorized or directed the investment may be subject to the imposition of excise taxes with respect to the amount invested.

If our assets at any time are deemed to constitute “plan assets” under ERISA, that may lead to the rescission of certain transactions, tax or fiduciary liability and our being held in violation of certain ERISA and Code requirements.

If our assets are deemed to constitute “plan assets” of stockholders that are ERISA Plans (as defined below) (a) certain transactions that we might enter into in the ordinary course of our business might have to be rescinded and may give rise to certain excise taxes and fiduciary liability under Title I of ERISA and/or Section 4975 of the Code; (b) our management, as well as various providers of fiduciary or other services to us (including the Adviser), and any other parties with authority or control with respect to us or our assets, may be considered fiduciaries or otherwise parties in interest or disqualified persons for purposes of the fiduciary responsibility and prohibited transaction provisions of Title I of ERISA and Section 4975 of the Code; and (c) the fiduciaries of stockholders that are ERISA Plans would not be protected from “co-fiduciary liability” resulting from our decisions and could be in violation of certain ERISA requirements.

Accordingly, investors that are (a) “employee benefit plans” (within the meaning of Section 3(3) of ERISA), which are subject to Title I of ERISA; (b) “plans” defined in Section 4975 of the Code, which are subject to Section 4975 of the Code (including Keogh plans and IRAs); or (c) entities whose underlying assets are deemed to include plan assets within the meaning of Section 3(42) of ERISA and the regulations thereunder (e.g., an entity of which 25% or more of the total value of any class of equity interests is held by “benefit plan investors”) (each such plan, account and entity described in clauses (a), (b) and (c) we refer to as “ERISA Plans”) should consult with their own legal, tax, financial and other advisors to review these implications in light of such investor’s particular circumstances. The sale of our common stock to any ERISA Plan is in no respect a representation by us or any other person associated with the offering of our shares of common stock that such an investment meets all relevant legal requirements with respect to investments by plans generally or any particular plan, or that such an investment is appropriate for plans generally or any particular plan.

General Risk Factors

Certain properties may require permits or licenses.

A license, approval or permit may be required to acquire, develop or reposition certain investments and their direct or indirect holding companies (or registration may be required before an acquisition can be completed). There is no guarantee of when and if such a license, approval or permit will be obtained or if the registration will be effected. A failure to obtain such a license, approval or permit may result in broken deal fees and expenses and/or otherwise result in the investment opportunity materially underperforming the original investment thesis.

We will face legal risks when making investments.

Investments are usually governed by a complex series of legal documents and contracts. As a result, the risk of dispute over interpretation or enforceability of the documentation may be higher than for other investments. In addition, it is not uncommon for investments to be exposed to a variety of other legal risks. These can include, but are not limited to, environmental issues, land expropriation and other property-related claims, industrial action and legal action from special interest groups.

We will face risks associated with hedging transactions.

We expect to engage in interest rate hedging or other hedging strategies in order to manage risk and return trade-offs. While these transactions may reduce certain risks, the transactions themselves entail certain other risks, including counterparty credit risk, correlation risk, volatility risk, duration mismatch risk, etc. Hedging against a decline in the value of a portfolio position does not eliminate fluctuations in the values of portfolio positions or prevent losses if the values of those positions decline, but instead establishes other positions designed to gain from those same developments, thus offsetting the decline in the portfolio positions value. These types of hedging transactions also limit the opportunity for gain if the value of the portfolio position increases. Moreover, it may not be possible to hedge against currency exchange rate, interest rate or public security price fluctuations at a price sufficient to provide protection from the decline in the value of the portfolio position.

Unanticipated changes in interest rates or public security prices may result in a poorer overall performance for us than if we had not engaged in any hedging transaction. In addition, the degree of correlation between price movements of the instruments used in a hedging strategy and price movements in the portfolio positions being hedged may vary. Moreover, we may not seek or be able to establish a perfect correlation between hedging instruments and the portfolio holdings being hedged. This imperfect correlation may prevent us from achieving the intended hedge or expose it to risk of loss.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

For an overview of our real estate investments, see Item 7 - "Management's Discussion and Analysis of Financial Condition and Results of Operations."

Our principal executive offices are located at 250 Vesey Street, 15th Floor New York, NY 10281. We consider these facilities to be suitable for the management of our business.

ITEM 3. LEGAL PROCEEDINGS

From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of December 31, 2021, we were not involved in any material legal proceedings.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

PART II.

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Offering of Common Stock

The Offering consists of four classes of shares of our common stock, Class S shares, Class I shares, Class T shares, and Class D shares. The share classes have different upfront selling commissions and dealer manager fees, and different ongoing stockholder servicing fees. Other than the differences in upfront selling commissions, dealer manager fees, and ongoing stockholder servicing fees, each class of common stock has the same economics and voting rights. Shares of our common stock are not listed for trading on a stock exchange or other securities market. We are also offering Class C shares of common stock to third-party investors pursuant to a private offering. We may also issue Class E shares to Brookfield, certain of its affiliates and employees, and our independent directors in one or more private placements. The Adviser may elect to receive all or a portion of its management or performance fees in Class E shares. The Class C and Class E shares are not being offered or sold in the Offering. As of March 31, 2022, there were 1,523 holders of Class S shares, 98 holders of Class I shares, one holder of Class C shares, and 30 holders of Class E shares. As of March 31, 2022, we have not sold any Class T or Class D shares of common stock. These stockholder figures do not include a substantially greater number of holders whose shares are held of record by banks, brokers and other financial institutions. The following table details the selling commissions, dealer manager fees, and stockholder servicing fees for each applicable share class being offered and sold in the Offering as of December 31, 2021:

Class S Shares

Class I Shares

Class T Shares

Class D Shares

Selling commissions and dealer manager fees
(% of transaction price)

up to 3.5%

—

up to 3.5%

up to 0.5%

Stockholder servicing fee (% of NAV)

0.85%

—

0.85%

0.25%

For Class S shares sold in the Offering, investors will pay upfront selling commissions of up to 3.5% of the transaction price. For Class T shares sold in the Offering, investors will pay upfront selling commissions of up to 3.0% of the transaction price and upfront dealer manager fees of 0.5% of the transaction price, however such amounts may vary at certain participating broker-dealers, provided that the sum will not exceed 3.5% of the transaction price. For Class D shares sold in the Offering, investors will pay upfront selling commissions of up to 0.5% of the transaction price.

The Dealer Manager, a registered broker-dealer affiliated with the Adviser, serves as the dealer manager for the Offering and is entitled to receive stockholder servicing fees of 0.85% per annum of the aggregate NAV for Class S shares and Class T shares. For Class T shares such stockholder servicing fee includes an advisor stockholder servicing fee of 0.65% per annum, and a dealer stockholder servicing fee of 0.20% per annum, of the aggregate NAV for the Class T shares, however, with respect to Class T shares sold through certain participating broker-dealers, the advisor stockholder servicing fee and the dealer stockholder servicing fee may be other amounts, provided that the sum of such fees will always equal 0.85% per annum of the NAV of such shares. For Class D shares, a stockholder servicing fee equal to 0.25% per annum of the aggregate NAV for the Class D shares.

The Dealer Manager anticipates that substantially all of the upfront selling commissions, dealer manager and stockholder servicing fees will be retained by, or reallowed (paid) to, participating broker-dealers. Through December 31, 2021, the Dealer Manager had not retained any upfront selling commissions, dealer manager or stockholder servicing fees.

For the year ended December 31, 2021, the costs of raising capital in our primary offering and our distribution reinvestment plan, which represent all upfront selling commissions, upfront dealer manager fees, stockholder servicing fees and organization and offering costs accrued by us during the year ended December 31, 2021, represented 9.0% of capital raised.

The purchase price per share for each class of our common stock will generally equal our prior month’s NAV per share, as determined monthly, plus applicable selling commissions and dealer manager fees. Our NAV for each class of shares is based on the net asset values of our investments, the addition of any other assets (such as cash on hand) and the deduction of any liabilities, including the accrual of any performance fees, and any stockholder servicing fees applicable to such class of shares. Please refer to “Net Asset Value Calculation and Valuation Guidelines” in the prospectus for the Offering for further details on how our NAV is determined.

The following table presents our monthly NAV per share for each of the six classes of shares since our inception through December 31, 2021:


	Class S Shares		Class I Shares		Class C Shares		Class E Shares		Class T Shares		Class D Shares
November 30, 2019	$	10.0000	$	10.0000	$	—	$	—	$	—	$	—
December 6, 2019	10.0458		10.0458		—		—		—		—
December 31, 2019	10.0686		10.0687		—		—		—		—
January 31, 2020	10.2171		10.2204		—		—		—		—
February 29, 2020	10.2187		10.2347		—		—		—		—
March 31, 2020	10.3008		10.3170		—		—		—		—
April 30, 2020	10.1559		10.1873		—		—		—		—
May 31, 2020	10.2782		10.3009		—		—		—		—
June 30, 2020	10.2789		10.3121		—		—		—		—
July 31, 2020	10.3257		10.3643		—		—		—		—
August 31, 2020	10.2991		10.3503		—		—		—		—
September 30, 2020	10.3603		10.4261		—		—		—		—
October 31, 2020	10.3658		10.4444		—		—		—		—
November 30, 2020	10.4433		10.5409		—		—		—		—
December 31, 2020	10.4993		10.6190		—		—		—		—
January 31, 2021	10.5020		10.6220		—		—		—		—
February 28, 2021	10.5287		10.6480		—		—		—		—
March 31, 2021	10.6138		10.7307		10.7093		—		—		—
April 30, 2021	10.6751		10.7861		10.7230		—		—		—
May 31, 2021	10.7562		10.8583		10.8046		—		—		—
June 30, 2021	10.8558		10.9475		10.8933		—		—		—
July 31, 2021	10.9087		10.9868		10.9288		—		—		—
August 31, 2021	11.1222		11.2011		11.1424		—		—		—
September 30, 2021	11.8772		11.9684		11.9007		—		—		—
October 31, 2021	11.8843		11.9793		11.8990		—		—		—
November 30, 2021	12.2120		12.3099		12.2272		12.3577		—		—
December 31, 2021	12.4506		12.4858		12.4285		12.5880		—		—

Net Asset Value

We calculate NAV per share in accordance with the valuation guidelines that have been approved by our board of directors. Our total NAV presented in the following tables includes the NAV of our Class S, Class I, Class T, Class D, Class C and Class E shares of common stock, as well as partnership interests in the Operating Partnership held by parties other than the Company. The following table provides a breakdown of the major components of our NAV as of December 31, 2021:


Components of NAV	December 31, 2021
Investments in real properties	$	1,178,327,826
Investments in real estate-related loans and securities	55,734,590
Investments in unconsolidated entities	129,671,086
Cash and cash equivalents	31,742,068
Restricted cash	33,464,579
Other assets	14,252,575
Debt obligations	(840,222,654)
Accrued performance participation interest(1)	(2,345,920)
Accrued stockholder servicing fees(2)	(170,680)
Management fee payable	(620,706)
Dividend payable	(2,171,814)
Subscriptions received in advance	(24,314,220)
Other liabilities	(22,179,977)
Non-controlling interests in joint ventures	(15,651,016)
Net asset value(3)	$	535,515,737
Number of shares/units outstanding	42,804,447


(1)			Represents the accrued distributions for the period from November 3, 2021 to and including December 31, 2021 on the performance participation allocation interest in the Operating Partnership held by Brookfield REIT OP Special Limited Partner L.P. (the "Special Limited Partner"), an affiliate of Brookfield.
(2)			Stockholder servicing fees only apply to Class S, Class T and Class D shares. For purposes of NAV, we recognize the stockholder servicing fee as a reduction of NAV on a monthly basis as such fee is paid. Under GAAP, we accrue the full cost of the stockholder servicing fee as an offering cost at the time we sell Class S, Class T and Class D shares of our common stock. As of December 31, 2021, we have accrued under GAAP approximately $14.2 million of stockholder servicing fees.
(3)			See the reconciliation of stockholders’ equity to NAV below for an explanation of the difference between the $536 million of our NAV and the $226 million of our stockholders' equity under GAAP.

The following table provides a breakdown of our total NAV and NAV per share/unit by class as of December 31, 2021:


NAV Per Share/Unit	Class S Shares		Class I Shares		Class T Shares		Class D Shares		Class C Shares(1)		Class E Shares(1)		Third-party Operating Partnership Units(2)		Total
Net asset value	$	249,581,257	$	35,275,016	$	—	$	—	$	20,436,286	$	26,409,170	$	203,814,008	$	535,515,737
Number of shares/units outstanding	20,045,775		2,825,209		—		—		1,644,303		2,097,971		16,191,189		42,804,447
NAV Per Share/Unit as of December 31, 2021	$	12.4506	$	12.4858	$	—	$	—	$	12.4285	$	12.5880	$	12.5880


(1)			Class C and Class E shares of our common stock are offered to investors pursuant to private offerings.
(2)			Includes the partnership interests of the Operating Partnership held by parties other than the Company.

As of December 31, 2021, we had not sold any Class T shares or Class D shares.

Set forth below are the weighted averages of the key assumptions in the discounted cash flow methodology used in the December 31, 2021 valuations, based on property types.


Property Type	Discount Rate	Exit Capitalization Rate
Multifamily	6.2%	5.0%
Office	7.7%	6.7%
Logistics	6.1%	5.3%

These assumptions are determined by the Adviser and reviewed by our independent valuation advisor. A change in these assumptions would impact the calculation of the value of our property investments. For example, assuming all other factors remain unchanged, the changes listed below would result in the following effects on our investment values:


Input	Hypothetical Change	Multifamily Investment Values	Office Investment Values	Logistics Investment Values
Discount Rate	0.25% decrease	2.4%	2.0%	2.1%
(weighted average)	0.25% increase	(2.2)%	(1.9)%	(1.9)%
Exit Capitalization Rate	0.25% decrease	4.2%	2.3%	3.4%
(weighted average)	0.25% increase	(3.6)%	(2.1)%	(3.0)%

The preceding tables do not include recently acquired properties, which are held at cost in accordance with our valuation guidelines, and our unconsolidated interest in Principal Place.

The following table reconciles Stockholders' Equity per our Consolidated Balance Sheets to our NAV:


Reconciliation of Stockholders' Equity to NAV	December 31, 2021
Stockholders' equity under U.S. GAAP	$	226,062,240
Redeemable non-controlling interest	200,085,855
Total partners' capital of Operating Partnership under GAAP	426,148,095
Adjustments:
Accrued stockholder servicing fee	170,680
Deferred rent	(298,038)
Organizational and offering costs	28,461,060
Selling commissions and dealer manager fees	964,045
Unrealized net real estate appreciation	44,162,093
Accumulated amortization of discount	(955,240)
Accumulated depreciation and amortization	36,863,042
NAV	$	535,515,737

The following details the adjustments to reconcile stockholders’ equity under GAAP to our NAV:

•Accrued stockholder servicing fee: Accrued stockholder servicing fee represents the accrual for the full cost of the stockholder servicing fee for Class S shares. Under GAAP we accrued the full cost of the stockholder servicing fee payable over the life of each share (assuming such share remains outstanding the length of time required to pay the maximum stockholder servicing fee) as an offering cost at the time we sold such share. For purposes of calculating NAV, we recognize the stockholder servicing fee as a reduction of NAV on a monthly basis as such fee is paid.

•Deferred rent: Deferred rent represents straight line rental revenue recorded under GAAP. For purposes of calculating NAV, deferred rental revenues are excluded.

•Organization and offering costs: The Adviser, and previously the Oaktree Adviser, agreed to advance organization and offering expenses on our behalf (other than upfront selling commissions, dealer manager fees and stockholder servicing fees) through July 6, 2022. As part of the Adviser Transition, the Adviser acquired the Oaktree Adviser’s receivable related to the organization and offering expenses previously incurred by the Oaktree Adviser. We will reimburse the Adviser for all such advanced expenses ratably over the 60 months following July 6, 2022. Under GAAP, organization costs are expensed as incurred and offering costs are charged to equity as such amounts are incurred. Organization and offering expenses that have been advanced by the Adviser are excluded for the purposes of calculating NAV and will be recognized as a reduction to NAV as they are reimbursed to the Adviser ratably over the 60 months commencing July 6, 2022.

•Selling commissions and dealer manager fees: We record selling commissions and dealer manager fees as offering costs in accordance with GAAP. These costs are excluded for purposes of determining NAV.

•Unrealized net real estate appreciation: Our investments in real estate are presented under historical cost in our GAAP Consolidated Financial Statements. Additionally, our mortgage loans, term loans, credit facilities, and repurchase agreements (“Debt”) are presented at their carrying value in our Consolidated Financial Statements. As such, any increases or decreases in the fair market value of our investments in real estate or our Debt are not recorded in our GAAP results. For purposes of determining our NAV, our investments in real estate and our Debt are recorded at fair value.

•Accumulated amortization of discount: We amortize the discount on our loan investments over the term period in accordance with GAAP. Such amortization is excluded for purposes of determining our NAV.

•Accumulated depreciation and amortization: We depreciate our investments in real estate and amortize certain other assets and liabilities in accordance with GAAP. Such depreciation and amortization is excluded for purposes of determining our NAV.

Distributions

The Company generally intends to distribute substantially all of its taxable income, which does not necessarily equal net income as calculated in accordance with GAAP, to its stockholders each year to comply with the REIT provisions of the Code.

Each class of the Company's common stock receives the same aggregate gross distribution per share. The net distribution varies for each class based on the applicable stockholder servicing fee and management fee, which is deducted from the monthly distribution per share and paid directly to the applicable distributor.

The following table details the net distribution for each of our share classes as of December 31, 2021:


Declaration Date	Class S Shares		Class I Shares		Class C Shares		Class E Shares		Class T Shares		Class D Shares
December 31, 2019	$	0.0189	$	0.0250	$	—	$	—	$	—	$	—
January 30, 2020	0.0222		0.0294		—		—		—		—
February 27, 2020	0.0272		0.0341		—		—		—		—
March 30, 2020	0.0267		0.0341		—		—		—		—
April 30, 2020	0.0272		0.0344		—		—		—		—
May 29, 2020	0.0288		0.0361		—		—		—		—
June 30, 2020	0.0293		0.0365		—		—		—		—
July 30, 2020	0.0291		0.0365		—		—		—		—
August 28, 2020	0.0293		0.0367		—		—		—		—
September 29, 2020	0.0295		0.0367		—		—		—		—
October 29, 2020	0.0294		0.0369		—		—		—		—
November 25, 2020	0.0320		0.0392		—		—		—		—
December 30, 2020	0.0342		0.0417		—		—		—		—
January 28, 2021	0.0344		0.0420		—		—		—		—
February 25, 2021	0.0352		0.0420		—		—		—		—
March 30, 2021	0.0346		0.0422		0.0422		—		—		—
April 29, 2021	0.0348		0.0422		0.0422		—		—		—
May 27, 2021	0.0350		0.0427		0.0427		—		—		—
June 29, 2021	0.0355		0.0430		0.0430		—		—		—
July 29, 2021	0.0355		0.0433		0.0433		—		—		—
August 30, 2021	0.0358		0.0435		0.0435		—		—		—
September 29, 2021	0.0367		0.0443		0.0443		—		—		—
October 28, 2021	0.0391		0.0474		0.0474		—		—		—
November 29, 2021	0.0443		0.0524		0.0524		0.0524		—		—
December 29, 2021	0.0454		0.0539		0.0539		0.0539		—		—
Total	$	0.8101	$	0.9962	$	0.4549	$	0.1063	$	—	$	—

The following table summarizes our distributions declared during the years ended December 31, 2021, 2020 and 2019:


	For the year ended December 31, 2021				For the year ended December 31, 2020				For the year ended December 31, 2019
	Amount		Percentage		Amount		Percentage		Amount		Percentage
Distributions
Payable in cash	$	5,701,859	52	%	$	4,872,208	67	%	$	267,810	79	%
Reinvested in shares	5,233,649		48	%	2,439,397		33	%	71,527		21	%
Total distributions	$	10,935,508	100	%	$	7,311,605	100	%	$	339,337	100	%

Sources of Distributions
Cash flows from operating activities from current period	$	10,935,508	100	%	$	7,311,605	100	%	$	267,810	100	%
Total sources of distributions	$	10,935,508	100	%	$	7,311,605	100	%	$	267,810	100	%

Cash flows from operating activities	$	15,720,800			$	9,322,170			$	(176,569)
Funds from Operations	$	3,106,300			$	10,111,847			$	68,319

Funds from Operations, Adjusted Funds from Operations and Funds Available for Distribution

We believe funds from operations (“FFO”) is a meaningful non-GAAP supplemental measure of our operating results. Our Consolidated Financial Statements are presented under historical cost accounting which, among other things, requires depreciation of real estate investments to be calculated on a straight-line basis. As a result, our operating results imply that the value of our real estate investments will decrease evenly over a set time period. However, we believe that the value of real estate investments will fluctuate over time based on market conditions and as such, depreciation under historical cost accounting may be less informative. FFO is a standard REIT industry metric defined by the National Association of Real Estate Investment Trusts (“NAREIT”). FFO, as defined by NAREIT and presented below, is calculated as net income or loss (computed in accordance with GAAP), excluding (i) gains or losses from sales of depreciable real property, (ii) impairment write-downs on depreciable real property, plus (iii) real estate-related depreciation and amortization, and (iv) after adjustments for our share of consolidated and unconsolidated joint ventures.

We also believe that adjusted FFO (“AFFO”) is a meaningful non-GAAP supplemental disclosure of our operating results. AFFO further adjusts FFO in order for our operating results to reflect the specific characteristics of our business by adjusting for items we believe are not related to our operations. Our adjustments to FFO to arrive at AFFO include removing the impact of (i) straight-line rental income, (ii) amortization of above- and below-market lease intangibles, (iii) amortization of mortgage premium/discount, (iv) organization costs, (v) amortization of restricted stock awards, (vi) unrealized gains and losses from changes in fair value of real estate-related loans and securities, (vii) non-cash performance fee or other non-cash incentive compensation, and (viii) similar adjustments for unconsolidated joint ventures.

We also believe funds available for distribution (“FAD”) is an additional meaningful non-GAAP supplemental disclosure that provides useful information for considering our operating results and certain other items relative to the amount of our distributions by removing the impact of certain non-cash items on our distributions. FAD is calculated as AFFO excluding (i) management fees paid in shares or operating partnership units even if repurchased by us, and including deductions for (ii) stockholder servicing fees paid during the period, and (iii) similar adjustments for unconsolidated joint ventures. FAD is not indicative of cash available to fund our cash needs and does not represent cash flows from operating activities in accordance with GAAP, as it excludes adjustments for working capital items and actual cash receipts from interest income recognized on real estate related securities. Cash flows from operating activities in accordance with GAAP would generally be adjusted for such items. Furthermore, FAD is adjusted for stockholder servicing fees and recurring tenant improvements, leasing commissions, and other capital expenditures, which are not considered when determining cash flows from operating activities in accordance with GAAP.

The following table presents a reconciliation of FFO, AFFO and FAD to net income (loss) attributable to our stockholders and redeemable non-controlling interests. We believe it is meaningful to include redeemable non-controlling interests since it is a component of our NAV.


	For the year ended December 31, 2021		For the year ended December 31, 2020		For the year ended December 31, 2019
Net income (loss) attributable to stockholders and redeemable non-controlling interests	$	4,901,381	$	(2,437,851)	$	(4,722,878)
Adjustments to arrive at FFO:
Depreciation and amortization	18,369,770		13,481,013		5,012,259
Realized gain on disposition of real estate	(19,495,644)		—		—
Amount attributed to non-controlling interests of third party joint ventures for above adjustments	(669,207)		(931,315)		(221,062)
FFO attributable to stockholders and redeemable non-controlling interests	3,106,300		10,111,847		68,319
Adjustments to arrive at AFFO:
Straight-line rental income	(298,038)		(1,547,188)		(407,475)
Amortization of above and below market lease intangibles	147,835		227,592		70,028
Amortization of mortgage premium/discount	(85,428)		(453,172)		(416,639)
Organization costs	3,459,158		—		885,061
Amortization of restricted stock awards	87,500		72,447		74,876
Unrealized gain from changes in fair value of financial instruments(1)	(1,837,051)		(2,416,703)		—
Non-cash performance fee and performance participation allocation	7,489,117		2,215,134		200,649
Amount attributed to non-controlling interests of third party joint ventures for above adjustments	6,938		50,602		(162,382)
AFFO attributable to stockholders and redeemable non-controlling interests	12,076,331		8,260,559		312,437
Adjustments to arrive at FAD:
Realized gain on real estate-related loans and securities	(1,902,466)		(144,484)		—
Non-cash management fee	2,650,543		1,170,717		—
Stockholder servicing fees	(1,476,682)		(902,794)		(35,809)
FAD attributable to stockholders and redeemable non-controlling interests	$	11,347,726	$	8,383,998	$	276,628


(1)			Unrealized gain from changes in fair value of financial instruments primarily relates to mark-to-market changes in our investments in real estate-related securities, investments in unconsolidated investments, and derivatives.

FFO, AFFO, and FAD should not be considered to be more relevant or accurate than the GAAP methodology in calculating net income (loss) or in evaluating our operating performance. In addition, FFO, AFFO, and FAD should not be considered as alternatives to net income (loss) as indications of our performance or as alternatives to cash flows from operating activities as indications of our liquidity, but rather should be reviewed in conjunction with these and other GAAP measurements. Further, FFO, AFFO, and FAD are not intended to be used as liquidity measures indicative of cash flow available to fund our cash needs, including our ability to make distributions to our stockholders.

Distribution Policy

We intend to distribute sufficient income so that we satisfy the requirements for qualification as a REIT. In order to qualify as a REIT, we are required to distribute 90% of our annual REIT taxable income, determined without regard to the dividends-paid deduction and excluding net capital gains, to our stockholders. Generally, income distributed to stockholders will not be taxable to us under the Code if we distribute at least 90% of our REIT taxable income, determined without regard to the dividends-paid deduction and excluding net capital gains.

Distribution Reinvestment Plan

We have adopted a distribution reinvestment plan whereby stockholders (other than Alabama, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nebraska, New Jersey, North Carolina, Ohio, Oregon, Texas, Vermont and Washington investors) will have their cash distributions automatically reinvested in additional shares of common stock unless they elect to receive their distributions in cash. Alabama, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nebraska, New Jersey, North Carolina, Ohio, Oregon, Texas, Vermont and Washington investors will automatically receive their distributions in cash unless they elect to have their cash distributions reinvested in additional shares of our common stock. The per share purchase price for shares purchased pursuant to the distribution reinvestment plan will be equal to the offering price before upfront selling commissions and dealer manager fees (the “transaction price”) at the time the distribution is payable, which will generally be equal to our prior month’s NAV per share for that share class. Stockholders will not pay upfront selling commissions or dealer manager fees when purchasing shares pursuant to the distribution reinvestment plan. The stockholder servicing fees with respect to shares of our Class T shares, Class S shares and Class D shares are calculated based on the NAV for those shares and may reduce the NAV or, alternatively, the distributions payable with respect to shares of each such class, including shares issued in respect of distributions on such shares under the distribution reinvestment plan.

Unregistered Sales of Equity Securities

During the year ended December 31, 2021, we sold equity securities that were not registered under the Securities Act as described below. As described in Note 10 to our Consolidated Financial Statements, the Adviser, and previously the Oaktree Adviser, is entitled to an annual management fee payable monthly in cash or shares of common stock, in each case at the Adviser's election.

For the year ended December 31, 2021, the Oaktree Adviser elected to receive its management fees in Class I shares and we issued 182,709 unregistered Class I shares to the Oaktree Adviser in satisfaction of the management fee for January through November 2, 2021 (the "Adviser Transition date"). Additionally, the Adviser elected to receive its management fee in Class E shares and we issued 49,309 unregistered Class E shares to the Adviser in February 2022 in satisfaction of the management fees from November 3, 2021 through December 31, 2021.

Prior to the Adviser Transition, the Oaktree Adviser was entitled to an annual performance fee, payable annually in cash or shares of common stock. The Oaktree Adviser elected to receive its performance fee in shares. As further described in Note 10 to the Consolidated Financial Statements, the performance fee became payable on the Adviser Transition date and in December 2021 we issued 429,340 unregistered Class I shares to the Oaktree Adviser as payment for the performance fee.

Additionally, the Special Limited Partner, an affiliate of the Adviser, previously held a performance participation interest in the Operating Partnership that entitled it to receive an allocation of the Operating Partnership's total return to its capital account. As further described in Note 10 to the Consolidated Financial Statements, the performance participation allocation for the period November 3, 2021 through December 31, 2021 became payable on December 31, 2021, and in March 2022 we issued 186,362 Class E units of the Operating Partnership to the Special Limited Partner as payment for the performance participation allocation for the period November 3, 2021 through December 31, 2021. Each issuance to the Adviser, Oaktree Adviser, and the Special Limited Partner was made pursuant to Section 4(a)(2) of the Securities Act.

We have also sold Class I and Class C shares in private offerings to feeder vehicles primarily created to hold Class I and Class C shares that offers interest in such feeder vehicles to non-U.S. persons. The offer and sale of Class I and Class C shares to the feeder vehicles was exempt from the registration provisions of the Securities Act by virtue of Section 4(a)(2) and Regulation S thereunder. For the year ended December 31, 2021, we received $6.2 million from selling 573,028 unregistered Class I shares and $17.9 million from selling 1,644,3030 unregistered Class C shares to such vehicles.

We have sold Class E shares to Brookfield and certain of its affiliates in one or more private offerings. For the year ended December 31, 2021, we issued 2,088,834 unregistered Class E shares to an affiliate of Brookfield in connection with Brookfield's contribution of certain properties. The offer and sale of Class E shares was exempt from the registration provisions of the Securities Act by virtue of Section 4(a)(2).

Share Repurchases

Under our share repurchase plan, to the extent we choose to repurchase shares in any particular month, we will only repurchase shares as of the opening of the last calendar day of that month (each such date, a “Repurchase Date”). Repurchases will be made at the transaction price in effect on the Repurchase Date (which will generally be equal to our prior month’s NAV per share), except that shares that have not been outstanding for at least one year will be repurchased at 98% of the transaction price (an "Early Repurchase Deduction") subject to certain limited exceptions. Settlements of share repurchases will be made within three business days of the Repurchase Date. The Early Repurchase Deduction will not apply to shares acquired through our distribution reinvestment plan, to shares the Adviser elects to receive instead of cash in respect of its management fee, or to shares issued to an affiliate of Brookfield in exchange for Class E units of the Operating Partnership that were issued to such entity in connection with its contribution of certain assets to the Operating Partnership in connection with the Adviser Transition. In addition, shares of our common stock are sold to certain feeder vehicles primarily created to hold our shares that in turn offer interests in such feeder vehicles to non-U.S. persons. For such feeder vehicles and similar arrangements in certain markets, we may not apply the Early Repurchase Deduction to the feeder vehicles or underlying investors, often because of administrative or systems limitations.

The total amount of aggregate repurchases of Class S, Class I, Class T, Class D, Class C, and Class E shares is limited to no more than 2% of our aggregate NAV per month and no more than 5% of our aggregate NAV per calendar quarter.

Should repurchase requests, in our judgment, place an undue burden on our liquidity, adversely affect our operations or risk having an adverse impact on the company as a whole, or should we otherwise determine that investing our liquid assets in real properties or other illiquid investments rather than repurchasing our shares is in the best interests of the Company as a whole, then we may choose to repurchase fewer shares than have been requested to be repurchased, or none at all. Further, our board of directors may modify or suspend our share repurchase plan if it deems such action to be in our best interest and the best interest of our stockholders. In the event that we determine to repurchase some but not all of the shares submitted for repurchase during any month, shares repurchased at the end of the month will be repurchased on a pro rata basis.

If the transaction price for the applicable month is not made available by the tenth business day prior to the last business day of the month (or is changed after such date), then no repurchase requests will be accepted for such month and stockholders who wish to have their shares repurchased the following month must resubmit their repurchase requests.

On September 11, 2019, the board of directors of the Company, including a majority of the independent directors, adopted an arrangement with the Oaktree Investor (the "Oaktree Repurchase Agreement") to repurchase any shares of the Company’s Class I common stock that Oaktree Investor, an affiliate of the Oaktree Adviser, acquired prior to the breaking of escrow in the Initial Public Offering. The board of directors approved the Oaktree Repurchase Agreement in recognition of the Oaktree Investor’s intent to subscribe for shares of the Company’s Class I common stock in an amount such that, together with all other subscriptions for the Company’s common stock, the escrow minimum offering amount would be satisfied. As of December 6, 2019, the Company satisfied the minimum offering requirement and the Company’s board of directors authorized the release of proceeds from escrow. As of such date, the escrow agent released gross proceeds of approximately $150.0 million (including approximately $86.9 million that was funded by the Oaktree Investor) to the Company in connection with the sale of shares of the Company’s common stock. Under the Oaktree Repurchase Agreement, subject to certain limitations, on the last calendar day of each month the Company will offer to repurchase shares of its common stock from the Oaktree Investor in an aggregate dollar amount (the “Monthly Repurchase Amount”) equal to (i) the net proceeds from new subscriptions that month less (ii) the aggregate repurchase price (excluding any amount of the aggregate repurchase price paid using cash flow from operations not used to pay distributions) of shares repurchased by the Company that month from investors pursuant to the Company’s existing share repurchase plan. In addition to the Monthly Repurchase Amount for the applicable month, the Company will offer to repurchase any Monthly Repurchase Amounts from prior months that have not yet been repurchased. The price per share for each repurchase from the Oaktree Investor will be the lesser of (a) the $10.00 per share initial cost of the shares and (b) the transaction price in effect for the Class I shares at the time of repurchase. The repurchase arrangement is not subject to any time limit and will continue until the Company has repurchased all of the Oaktree Investor’s shares. During the years ended December 31, 2021 and 2020, the Company repurchased 6,186,397 and 2,521,620 shares from the Oaktree Investor at a price of $10.00 per share. As of December 31, 2021, the Oaktree Investor did not hold any Class I shares.

We and the Operating Partnership have also entered into a repurchase arrangement with the Brookfield Investor (the "Brookfield Repurchase Agreement") pursuant to which the Operating Partnership will offer to repurchase Class E units from the Brookfield Investor at a price per unit equal to the most recently determined NAV per Class E unit immediately prior to each repurchase. The Brookfield Investor has agreed to not seek repurchase of the Class E units that it owns if doing so would bring the value of its equity holdings in us and the Operating Partnership below $50 million. In addition, the Brookfield Investor has agreed to hold all of the shares of common stock and Operating Partnership units that it receives in consideration for the contribution of the Brookfield Portfolio until the earlier of (i) the first date that our NAV reaches $1.5 billion and (ii) the date that is the third anniversary of the date of this prospectus. Following such date, the Brookfield Investor may cause us to repurchase its shares and Operating Partnership units (above the $50 million minimum), in an amount equal to the sum of (a)

the amount available under our share repurchase plan’s 2% monthly and 5% quarterly caps (after accounting for third-party investor repurchases) and (b) 25% of the amount by which net proceeds from this offering and our private offerings of common stock for a given month exceed the amount of repurchases for such month pursuant to our share repurchase plan. We will not effect any such repurchase during any month in which the full amount of all shares requested to be repurchased by third-party investors under our share repurchase plan is not repurchased. For the year ended December 31, 2021, the Company and the Operating Partnership did not repurchase any shares or Operating Partnership units as part of the Brookfield Repurchase Agreement.

On November 30, 2021, the Operating Partnership and the Brookfield Investor entered into a subscription agreement (the “Subscription Agreement”) pursuant to which the Brookfield Investor agreed to purchase up to $83 million in Class E Operating Partnership units upon the request of the general partner of the Operating Partnership, of which we are the sole member. The Class E Units purchased by the Brookfield Investor pursuant to the Subscription Agreement will not be subject to the Brookfield Repurchase Agreement entered into by us, the Operating Partnership and the Brookfield Investor with respect to the Class E Units and Class E shares of our common stock that the Brookfield Investor received in connection with its previously disclosed contribution of the Brookfield Portfolio to the Operating Partnership. Pursuant to the Subscription Agreement, the general partner of the Operating Partnership, of which we are the sole member, has agreed to waive the twelve-month holding period set forth in Section 8.5(a) of the partnership agreement of the Operating Partnership with respect to Class E Units purchased by the Brookfield Investor pursuant to the Subscription Agreement. The Brookfield Investor will have the right to cause the Operating Partnership to redeem all or a portion of the Class E Units it purchases pursuant to the Subscription Agreement for, at the sole discretion of the general partner, shares of our common stock, cash or a combination of both. Any redemption of Operating Partnership units will occur at a price based on the NAV of the Class E Units on the date of redemption. In the event the general partner elects for the Brookfield Investor of such Operating Partnership units to be paid in shares of the Company’s common stock, the Company will pay the Brookfield Investor a number of shares with an aggregate NAV on the date of redemption equal to the aggregate NAV of the Class E Units being redeemed. In addition, the Subscription Agreement provides that in the case of any redemption of a Class E Unit purchased by the Brookfield Investor pursuant to the Subscription Agreement at any time prior to the first anniversary of the date on which such Class E Unit was issued to the Brookfield Investor, a 2% redemption fee shall apply.

During the three months ended December 31, 2021, we repurchased shares of our common stock in the following amounts, which represented all of the share repurchase requests received for the same period.


Month of:	Total Number of Shares Repurchased(1)	Repurchases as a Percentage of Shares Outstanding		Average Price Paid Per Share		Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares Pending Repurchase Pursuant to Publicly Announced Plans or Programs



October 1 - October 31, 2021	58,816	0.24	%	$	11.8773	58,816	—
November 1 - November 30, 2021	20,259	0.08	%	$	11.8843	20,259	—
December 1 - December 31, 2021	675,926	2.48	%	$	12.2906	133,100	—
Total	755,001					212,175


(1)			542,825 shares of common stock were repurchased during the period from the Oaktree Adviser. The shares were issued for the payment of management and performance fees.

ITEM 6. RESERVED

Not applicable.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

References herein to the "Company," "we," "us," or "our" refer to Brookfield Real Estate Income Trust Inc. and its subsidiaries unless the context specifically requires otherwise.

The following discussion should be read in conjunction with the Consolidated Financial Statements and notes thereto appearing elsewhere in this annual report on Form 10-K. In addition to historical data, this discussion contains forward-looking statements about our business, operations and financial performance based on current expectations that involve risks, uncertainties and assumptions. Our actual results may differ materially from those in this discussion as a result of various factors, including but not limited to those discussed in Part I Item 1.A - "Risk Factors" in this annual report on Form 10-K.

Overview

We are a Maryland corporation formed on July 27, 2017 to invest in commercial real estate assets. We seek to acquire well-located, high quality commercial assets that generate strong current cash flow and could further appreciate in value through our proactive, best-in-class portfolio management strategies. Our real estate-related debt strategy seeks to achieve high current income and superior risk-adjusted returns.

We are externally managed by Brookfield REIT Adviser LLC (the "Adviser"), an affiliate of Brookfield Asset Management Inc. (together with its affiliates, "Brookfield"). We are structured as an as an umbrella partnership real estate investment trust (“UPREIT”), which means that we own substantially all of our assets through our operating partnership, Brookfield REIT Operating Partnership L.P. (the “Operating Partnership”), of which we are the sole general partner.

On April 30, 2018, the Securities and Exchange Commission (the “SEC”), declared effective our registration statement on Form S-11 (File No. 333-223022) for our initial public offering of up to $2.0 billion in shares of our common stock (the “Initial Public Offering”). On November 2, 2021, the SEC declared effective our registration statement on Form S-11 (File No. 333-255557) for our follow-on public offering of up to $7.5 billion in shares of our common stock in any combination of purchases of Class S, Class T, Class D and Class I shares of our common stock (the “Follow-On Public Offering”). The share classes have different upfront selling commissions and ongoing stockholder servicing fees. The Initial Public Offering terminated upon the commencement of the Follow-On Public Offering.

We qualified as a REIT for U.S. federal income tax purposes beginning with our taxable year ending December 31, 2019, and we generally will not be subject to U.S. federal income taxes on our taxable income to the extent we annually distribute all of our net taxable income to stockholders and maintain our qualification as a REIT.

As of December 31, 2021, we owned and operated fourteen investments in real estate and held investments in two unconsolidated real estate interests, four real estate-related loans, and four short-term real estate-related debt securities. We are not aware of any material trends or uncertainties, favorable or unfavorable, other than national economic conditions affecting real estate generally (including the COVID-19 pandemic), that may be reasonably anticipated to have a material impact on either capital resources or the revenues or income to be derived from acquiring properties or real estate-related loans.

2021 Highlights

Operating and Capital Raising Results:

•Total return for the year ended December 31, 2021 (calculated as the percent change in the NAV per share from the beginning of the applicable period, plus the amount of any net distributions per share declared in the period), excluding upfront selling commissions, of 23.4% for Class S shares and 23.3% for Class I shares. Total return for the year ended December 31, 2021, assuming maximum upfront selling commissions of 19.2% for Class S shares.1

•Raised $$144.4 million of proceeds during the year ended December 31, 2021 from the sale of our common stock. Repurchased $77.0 million of our common stock during the year ended December 31, 2021, including $61.9 million of repurchases related to the repurchase agreement with Oaktree for their initial investment in 2019.

•In December 2021, declared net distributions per share of $0.0454 for Class S and $0.0539 for Class I shares, resulting in annualized distribution rates of 4.46% for Class S and 5.25% for Class I shares as of December 31, 2021.1

•Reinvested dividends of $5.2 million for the year ended December 31, 2021.

1 Class S and Class I are the publicly offered classes with shares outstanding as of December 31, 2021.

Investments and Dispositions:

•Closed on property acquisitions during the year with an aggregate purchase price of $949.8 million, including:

◦In September 2021, we acquired 1110 Key Federal Hill, a newly-built, 224-unit class 'A' apartment building located in the Federal Hill submarket of Baltimore, Maryland for $73.6 million.

◦In November 2021, upon the completion of the Advisor Transition, we acquired interests in three properties from affiliates of Brookfield:

▪The Burnham, a 328-unit mid-rise apartment building located in the South of Broadway neighborhood of Nashville, Tennessee, for $129.0 million.

▪Domain, a 324-unit garden-style apartment complex located in Orlando, Florida, minutes from local attractions and featuring high-quality amenities for $74.1 million.

▪A 20% interest in a joint venture that owns Principal Place, a 643,000 square foot, Class 'A' trophy office building uniquely located in the Shoreditch area of London, UK, and 100% occupied by a single tenant, Amazon Inc., for $99.8 million of initial equity in the joint venture.

◦In November 2021, we acquired three logistics properties located in prime in-fill markets across the U.S. totaling more than 500,000 square feet for an aggregate purchase price of $71.5 million.

◦In December 2021, we acquired DreamWorks Animation Studios in Glendale, California, a 15-acre, 500,000 square foot facility, located in Los Angeles’ media district for $326.5 million. The campus serves as DreamWorks’ headquarters and includes all essential infrastructure for the creation of animated feature films and television series.

◦In December 2021, we acquired Flats on Front, a newly built 273-unit five-story residential building in the North Waterfront District of Downtown Wilmington, North Carolina, for $97.5 million.

◦In December 2021, we acquired Verso Apartments, a brand new 172-unit five-story residential building in Downtown Beaverton, one of the most desirable suburbs outside of Portland, Oregon, for $74.0 million.

◦In December 2021, we made our first investment in the single-family rental sector with the purchase of 14 single-family rental properties for an aggregate purchase price of $3.8 million. We see meaningful opportunity in this sector and anticipate that we will continue to grow our portfolio with strategic acquisitions in the coming months.

•In November 2021, we sold our ownership interest in the Ezlyn property to an affiliate of Oaktree for $8.6 million in cash and a $33.8 million preferred equity interest in an affiliate of Oaktree for a realized gain of $19.5 million.

•Closed on the following transactions related to real estate-related loans and real estate-related securities:

◦In February 2021, we invested $16.7 million in real estate-related loans secured by the 111 Montgomery Condominium, a 156-unit condominium tower located in Brooklyn, New York, and the Avery Condominium, a 548-unit condominium and luxury apartment tower located in San Francisco, California. During the year, we received net repayments on the loans of $5.8 million.

◦In November 2021, we sold our investment in Atlantis Mezzanine Loan for $25.0 million of net proceeds.

◦During the year, invested $12.9 million in two floating-rate CMBS, which were collateralized by pools of commercial real estate debt, and sold six floating-rate CMBS for $17.8 million, resulting in a realized gain of $2.0 million.

Financings:

•Closed on $315.0 million of property-level mortgages in connection with property acquisitions during the year.

•Closed on a $400.0 million senior secured credit facility for the acquisition or refinancing of properties, of which $244.4 million was drawn as of December 31, 2021 related to property acquisitions.

•Closed on a $125.0 million unsecured revolving line of credit with an affiliate of Brookfield which can be used for general corporate uses as needed, including investment acquisitions, of which $105.0 million was drawn as of December 31, 2021 related to property acquisitions.

Portfolio

The following table provides information regarding our portfolio of real properties as of December 31, 2021:


Investment(1)	Location	Type	Acquisition Date	Ownership Percentage(2)	Purchase Price(3) (in millions)		Square Feet / Number of Units	Occupancy Rate(4)
Anzio Apartments	Atlanta, GA	Multifamily	Apr-19	90.0%	$	59.2	448	96%
Arbors of Las Colinas	Dallas, TX	Multifamily	Dec-20	90.0%	63.5		408	96%
1110 Key Federal Hill	Baltimore, MD	Multifamily	Sep-21	100.0%	73.6		224	95%
Domain	Orlando, FL	Multifamily	Nov-21	100.0%	74.1		324	98%
The Burnham	Nashville, TN	Multifamily	Nov-21	100.0%	129.0		328	92%
Flats on Front	Wilmington , NC	Multifamily	Dec-21	100.0%	97.5		273	92%
Verso Apartments	Beaverton, OR	Multifamily	Dec-21	100.0%	74.0		172	95%
Two Liberty Center	Arlington, VA	Office	Aug-19	96.5%	91.2		179,000	97%
Lakes at West Covina	Los Angeles, CA	Office	Feb-20	95.0%	41.0		177,000	88%
Principal Place(5)	London, UK	Office	Nov-21	20.0%	99.8		644,000	99%
6123-6227 Monroe Ct	Morton Grove, IL	Logistics	Nov-21	100.0%	17.2		208,000	73%
8400 Westphalia Road	Upper Marlboro, MD	Logistics	Nov-21	100.0%	27.0		100,000	100%
McLane Distribution Center	Lakeland, FL	Logistics	Nov-21	100.0%	27.3		211,000	100%
DreamWorks Animation Studios	Glendale, CA	Alternatives	Dec-21	100.0%	326.5		497,000	100%
Single Family Rental Portfolio	Various	Alternatives	Various	100.0%	3.8		14	n/a
					$	1,204.7


(1)			Investments in real properties includes our consolidated property investments and our unconsolidated investment in Principal Place. Investments excludes our unconsolidated preferred membership interest in a joint venture that we received as consideration for our sale of the Ezlyn property in November 2021. As of December 31, 2021, the preferred membership interest had a liquidation preference of $28.8 million, which was subsequently purchased by the Ezlyn buyer in January 2022 at the liquidation preference price.
(2)			The joint venture agreements entered into by the Company provide the other partner a profits interest based on certain internal rate of return hurdles being achieved. Such investments are consolidated by us and any profits interest due to the other partner is reported within non-controlling interests.
(3)			Purchase price excludes acquisition costs.
(4)			Occupancy rates as of December 31, 2021. For our multifamily investments, occupancy represents the percentage of all leased units divided by the total available units as of the date indicated. For our office and logistics investments, occupancy represents the percentage of all leased square footage divided by the total available square footage as of the date indicated.
(5)			Purchase price represents our initial equity investment in the joint venture of £73.3 million GBP converted to USD using the spot rate on the acquisition date.

Subsequent to December 31, 2021, we acquired two multifamily properties for an aggregate purchase price of $226.0 million and two logistics properties for an aggregate purchase price of $38.2 million.

Investments in Real Estate-Related Loans and Securities

The following table details our real estate-related loan investments as of December 31, 2021:

Investment

Collateral

Interest Rate(1)

Maturity Date

Payment Terms(2)

Prior Liens

Face Amount

Unamortized Discount

Carrying Amount

IMC/AMC Bond Investment

International Markets Center
AmericasMart Atlanta

L+6.15%

December 2023

Principal due at maturity

$1.643 billion(3)

25,000,000

(163,601)

24,836,399

111 Montgomery(4)

The 111 Montgomery Street Condominium
Brooklyn, New York

L+7.00%

February 2024

Principal due at maturity

none

1,439,853

(91,409)

1,348,444

The Avery Senior Loan(4)

The Avery Condominium
San Francisco, California

L+7.30%

February 2024

Principal due at maturity

none

7,655,908

(65,170)

7,590,738

The Avery Mezzanine Loan(4)

The Avery Condominium
San Francisco, California

L+12.50%

February 2024

Principal due at maturity

$200.1 million(5)

1,802,408

(14,619)

1,787,789

35,898,169

(334,799)

35,563,370


(1)			The term "L" refers to the one-month US dollar-denominated London Interbank Offer Rate ("LIBOR"). As of December 31, 2021, one-month LIBOR was equal to 0.10%.
(2)			These investments were not delinquent in principal or interest payments as of December 31, 2021.
(3)			The IMC/AMC Bond Investment is subordinate to a $1.15 billion first mortgage on properties owned by IMC and a $493 million first mortgage on properties owned by AMC.
(4)			The Company’s investment is held through its membership interest in an entity which aggregates the Company’s interest with interests held by other funds managed by the Sub-Adviser. The Company has been allocated its proportionate share of the loan based on its membership interest in the aggregating entity.
(5)			The Avery Mezzanine Loan is subordinate to an Oaktree first mortgage loan of $200.1 million.

The following table details our real estate-related securities as of December 31, 2021:

Investment

Collateral

Interest Rate(1)

Maturity Date

Payment Terms

Face Amount

Fair Value

BX 2019 IMC G

International Markets Center and AmericasMart Atlanta

L+3.60%

4/15/34

Principal due at maturity

3,700,000

3,614,530

CGCMT 2020-WSS F

WoodSpring Suites Extended Stay Hotel

L+2.71%

2/16/27

Principal due at maturity

3,160,000

3,000,378

BAMLL 2021-JACX F

The JACX Office Towers Queens, NY

L+5.00%

9/15/38

Principal due at maturity

5,100,000

BX 2021 SDMF J

San Diego Multifamily Portfolio

L+4.03%

9/15/23

Principal due at maturity

7,800,000

7,796,100

19,760,000

19,511,008


(1)			The term "L" refers to the one-month LIBOR. As of December 31, 2021, one-month LIBOR was equal to 0.10%.

Lease Expirations

The following table details the expiring leases at our office and logistics properties by annualized base rent and square footage as of December 31, 2021. The table below excludes our multifamily and single family rental properties as substantially all leases at such properties expire within 12 months.


Year	Number of Expiring Leases	Annualized Base Rent1		% of Total Annualized Base Rent Expiring	Approximate Gross Leasable Square Footage of Expiring Leases	% of Total Square Feet Expiring

2022	10	$	1,259,839	4%	24,674	2%
2023	12	3,571,457		12%	84,775	7%
2024	6	487,861		2%	52,525	4%
2025	15	3,473,087		12%	163,383	13%
2026	6	2,669,750		9%	91,650	7%
2027	1	488,021		2%	14,820	1%
2028	4	1,056,559		4%	31,362	2%
2029	3	1,243,786		4%	85,362	7%
2030	3	360,361		1%	42,716	3%
2031	1	209,411		1%	37,146	3%
Thereafter	2	14,487,093		49%	670,887	51%
Total	63	$	29,307,225	100%	1,299,300	100%


(1)			Annualized base rent is determined from the annualized December 31, 2021 base rent per leased square foot of the applicable year and excludes tenant recoveries, straight-line rent, and above-market and below-market lease amortization.

COVID-19 Pandemic

Our business could be materially adversely affected by the effects of the COVID-19 pandemic and the future outbreak of other highly infection or contagious diseases. Given the ongoing and dynamic nature of the circumstances surrounding COVID-19, it is difficult to predict how significant the impact of this pandemic, including any responses to it, will be on the global economy, our company and our businesses or for how long disruptions are likely to continue. The extent of such impact will depend on future developments, which are highly uncertain, rapidly evolving and cannot be predicted, including new information which may emerge concerning the severity and transmissibility of new variants of this coronavirus and actions taken to contain it, including the continued pace, availability, distribution and acceptance of effective vaccines, among others. Such developments, depending on their nature, duration, and intensity, could have a material adverse effect on our business, financial position, results of operations or cash flows.

With the successful rollout of vaccination campaigns against COVID-19 in markets in which we operate, the macroeconomic outlook has improved in certain geographies with the return of more favorable economic conditions, including the removal of occupancy restrictions and government-mandated closures. However, uncertainty remains in the near-term surrounding risks of new economic restrictions and general uncertainty surrounding supply chains, disrupted travel, impacted social conditions and the labor markets.

Results of Operations

The following table sets forth information regarding our consolidated results of operations:


	For the Year Ended December 31,				2021 vs. 2020
	2021		2020		$
Revenues
Rental revenues	$	34,787,101	$	24,145,212	$	10,641,889
Other revenues	2,590,843		1,141,058		1,449,785
Total revenues	37,377,944		25,286,270		12,091,674
Expenses
Rental property operating	15,464,896		10,211,237		5,253,659
General and administrative	7,057,292		3,473,954		3,583,338
Organizational expenses	3,459,158		—		3,459,158
Management fee	2,650,543		1,170,717		1,479,826
Performance fee	5,143,197		2,215,134		2,928,063
Performance participation allocation	2,345,920		—		2,345,920
Depreciation and amortization	18,369,770		13,481,013		4,888,757
Total expenses	54,490,776		30,552,055		23,938,721
Other income (expense)
Income from real estate-related loans and securities	5,442,640		4,908,074		534,566

Interest expense	(6,758,138)		(4,948,496)		(1,809,642)
Realized gain on real estate investments, net	21,492,660		144,484		21,348,176
Unrealized gain on investments, net	1,837,051		2,416,703		(579,652)
Total other income (expense)	22,014,213		2,520,765		19,493,448
Net income (loss)	$	4,901,381	$	(2,745,020)	$	7,646,401
Net loss attributable to non-controlling interests in third party joint ventures	$	182,666	$	307,169	$	(124,503)
Net income attributable to redeemable non-controlling interests	(2,577,946)		—		(2,577,946)
Net income (loss) attributable to Brookfield REIT stockholders	$	2,506,101	$	(2,437,851)	$	4,943,952
Net income (loss) per share of common stock - basic and diluted
Basic	$	0.11	$	(0.13)	$	0.24
Diluted	$	0.11	$	(0.13)	$	0.24
Weighted average number of shares outstanding - basic and diluted
Basic	23,038,165		18,895,893		4,142,272
Diluted	23,038,165		18,895,893		4,142,272

Revenues

Revenues primarily consist of base rent arising from tenant leases at our multifamily, office, logistics and alternatives properties. Revenues increased $12.1 million to $37.4 million for the year ended December 31, 2021. The increase is due to the significant acquisition activity and growth of the portfolio since December 31, 2020. We owned fourteen consolidated investments as of December 31, 2021, compared to five consolidated investments as of December 31, 2020. The components of revenue during these periods are as follows ($ in millions):


	For the Year Ended December 31,				2021 vs. 2020
	2021		2020		$
Rental revenue	$	32.9	$	22.9	$	10.0
Tenant reimbursements	1.9		1.2		0.7
Ancillary income and fees	2.6		1.1		1.4
Total revenue	$	37.4	$	25.2	$	12.1

Rental Property Operating Expenses

Rental property operating expenses consist of the costs of ownership and operation of our real estate properties, including real estate taxes, repairs and maintenance expenses, utilities, property management fees, and insurance expenses. Rental property operating expenses increased $5.3 million during the year ended December 31, 2021 to $15.5 million compared to $10.2 million for the year ended December 31, 2020. The increase is attributable to the increase in the portfolio size as described above.

General and Administrative Expenses

General and administrative expenses are corporate-level expenses that relate mainly to our compliance and administration costs, including legal fees, audit fees, professional tax fees, valuation fees, board of director fees and other professional fees. During the year ended December 31, 2021, general and administrative expenses were $7.1 million as compared to $3.5 million during the year ended December 31, 2020. The increase of $3.6 million is primarily due to the increase in the size of the portfolio year over year.

Organizational Expenses

Organizational expenses primarily consist of legal and filing fees related to forming a business or entity. During the year ended December 31, 2021, organizational expenses were $3.5 million, compared to no organizational expenses for the year ended December 31, 2020. Expenses incurred in 2021 relate to the formation of entities and the creation of the UPREIT structure in connection with the Advisor Transition.

Management Fee

Management fees are earned by our Adviser for providing services pursuant to the Advisory Agreement. During the year ended December 31, 2021, the total management fee expense was $2.7 million as compared to $1.2 million during the year ended December 31, 2020. Management fees are calculated based on our aggregate NAV and paid monthly. The increase in the current year was due to the growth of our NAV.

Performance Fee

Prior to the Adviser Transition, the Oaktree Adviser earned a performance fee based on the total return of the Company. During the year ended December 31, 2021, the Oaktree Adviser earned a performance fee of $5.1 million for the period January 1, 2021 through November 2, 2021, the effective date of the Adviser Transition. Performance fees are calculated based on the total return of the Company and incorporate our aggregate NAV at the end of the period. The increase in the current year was due to the growth of our NAV.

Performance Participation Allocation

Subsequent to the Adviser Transition, the Special Limited Partner received a performance participation allocation from the Operating Partnership based on the total return of the Operating Partnership for the period November 3, 2021 through December 31, 2021. During the year ended December 31, 2021, the performance participation allocation was $2.3 million. The performance participation allocation is measured annually and any amount earned by the Special Limited Partner became payable as of December 31st of the applicable year.

Depreciation and Amortization

During the year ended December 31, 2021, depreciation and amortization increased $4.9 million compared to the corresponding period in 2020. The increase was driven by the growth in our portfolio, which increased from five consolidated properties as of December 31, 2020 to fourteen consolidated properties as of December 31, 2021.

Income from Real Estate-Related Loans and Securities

During the years ended December 31, 2021 and 2020, interest income from real estate-related loans and securities was $5.4 million and $4.9 million, respectively. The $0.5 million increase in interest income was driven by the acquisitions of three real estate-related loans and two real estate-related securities during 2021, offset slightly by the sales of one real estate-related loan and six real estate-related securities.

Interest Expense

Interest expense is primarily related to interest payable on our property mortgage loans. Interest expense increased to $6.8 million for the year ended December 31, 2021, compared to $4.9 million for the year ended December 31, 2020. The increase was due to the increase in the size of the portfolio during 2021, offset by a decline in interest rates during the year.

Realized Gains on Investments

In November 2021, we sold our ownership interest in the Ezlyn property to an affiliate of Oaktree for $8.6 million in cash and a $33.8 million preferred equity interest in an affiliate of Oaktree for a realized gain of $19.5 million.

During the year ended December 31, 2021, we sold $17.8 million of floating-rate commercial mortgage backed securities and recognized a gain of $2.0 million as a result of the sales.

Unrealized Gains on Investments

Unrealized gains on investments consists of changes in the fair value of investments in real estate-related securities and investments in unconsolidated entities. During the year ended December 31, 2021 and 2020, we recognized an unrealized gain of $1.8 million and $2.4 million, respectively, primarily due to mark-to-market increases in the value of our CMBS.

Net Loss Attributable to Non-Controlling Interests

Net loss attributable to non-controlling interests was $0.2 million and $0.3 million for the year ended December 31, 2021 and 2020, respectively. These losses are allocable to the interests held by the Company's joint venture partners in Anzio Apartments, Two Liberty Center, Lakes at West Covina, and Arbors of Las Colinas properties.

Net Gain Attributable to Non-Controlling Interests in Brookfield REIT OP LP

The $2.6 million net gain attributable to non-controlling interests in Brookfield REIT OP LP is related to gains allocable to the interests held in the Operating Partnership by parties other than the Company. The net gain in 2021 is due to the creation of the UPREIT structure and the contribution of three properties by an affiliate of Brookfield in exchange for Operating Partnership units.

Reimbursement by the Adviser

Pursuant to the advisory agreement between us, the Adviser and the Operating Partnership, the Adviser will reimburse us for any expenses that cause our Total Operating Expenses in any four consecutive fiscal quarters to exceed the greater of: (i) 2% of our Average Invested Assets or (ii) 25% of our Net Income (each as defined in our charter) (the “2%/25% Limitation”).

Notwithstanding the foregoing, to the extent that our Total Operating Expenses exceed these limits and the independent directors determine that the excess expenses were justified based on unusual and nonrecurring factors that they deem sufficient, the Adviser would not be required to reimburse us.

For the year ended December 31, 2021, our Total Operating Expenses exceeded the 2%/25% Limitation. Based upon a review of unusual and non-recurring factors, including but not limited to outsized performance during this period resulting in an increased performance fees and performance participation allocation expense, our independent directors determined that the excess expenses were justified.

Refer to Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2020 for discussion of our consolidated results of operations for the year ended December 31, 2020 compared to the year ended December 31, 2019, which specific discussion is incorporated herein by reference.

Liquidity and Capital Resources

Our primary needs for liquidity and capital resources are to fund our investments, to make distributions to our stockholders, to repurchase shares of our common stock pursuant to our share repurchase plan, to pay our offering and operating fees and expenses and to pay interest on our outstanding indebtedness. Our offering and operating fees and expenses include, among other things, fees and expenses related to managing our properties and other investments, the management and performance fees we pay to the Adviser (to the extent the Adviser elects to receive such fees in cash), the performance participation allocation that was payable by the Operating Partnership to the Special Limited Partner (to the extent that the Special Limited Partner elected to receive the performance participation allocation in cash) and general corporate expenses.

Our cash needs for acquisitions and other investments will be funded primarily from the sale of shares of our common stock and through the assumption or incurrence of debt. During the year ended December 31, 2021, we received $136.8 of proceeds from the sale of share of our common stock and repurchased $77.0 in shares of our common stock under our share repurchase plan, including $61.9 million of share repurchases subject to the repurchase agreement with Oaktree related to their initial investment in 2019. As a result, we continue to believe our current liquidity position is sufficient to meet our expected investment activity. Other potential future sources of capital include secured or unsecured financings from banks and other lenders and proceeds from the sale of assets.

In November 2021, we entered into a credit agreement with Citibank, N.A. (the "Secured Credit Facility") providing for a senior secured credit facility to be used for the acquisition or refinancing of properties. Borrowings on the Secured Credit Facility are secured by certain properties in our portfolio. The initial maximum aggregate principal amount of the facility was $250.0 million, which was increased to $400.0 million on December 31, 2021. The Secured Credit Facility expires on November 9, 2022, and has a one-year extension option to November 9, 2023, subject to certain conditions. Borrowings under the Secured Credit Facility bears interest at a rate of LIBOR plus 1.95%. As of December 31, 2021, there was $155.6 million of undrawn available capacity on the Secured Credit Facility.

In November 2021, we entered into a revolving line of credit with an affiliate of Brookfield (the "Affiliate Line of Credit"), providing for a discretionary, unsecured, uncommitted credit facility in a maximum aggregate principal amount of $125.0 million. The credit agreement expires on November 2, 2022, subject to one-year extension options requiring the lender's approval. Borrowings under the credit agreement will bear interest at a rate of the then-current rate offered by a third-party lender for a similar product, or, if no such rate is available, LIBOR plus 2.25%. As of December 31, 2021, we had $20.0 of undrawn available capacity on the Affiliate Line of Credit.

As of December 31, 2021, we had contractual obligations to acquire four real estate properties for an aggregate purchase price of $408.4 million, subject to certain closing conditions. Subsequent to December 31, 2021, we entered into contractual obligations to acquire two additional properties for an aggregate purchase price of $188.3 million, subject to certain closing conditions. As of March 31, 2022, we had acquired four of these six properties for an aggregate purchase price of $264.2 million, exclusive of closing costs, with cash from the sale of our common stock and financings. We expect to close the acquisitions of the remaining two properties, totaling $332.5 million, with a combination of cash from the sale of our common stock and financings.

The following table is a summary of our indebtedness as of December 31, 2021 and 2020:


			Principal Balance as of
Indebtedness	Interest Rate(1)	Maturity Date	December 31, 2021		December 31, 2020
Anzio Apartments mortgage loan	L+1.59%	May 2029	$	44,400,000	$	44,400,000
Two Liberty Center mortgage loan	L+1.50%	August 2024	62,085,155		61,971,000
Ezlyn mortgage loan	3.38%	December 2026	—		53,040,000
Lakes at West Covina mortgage loan	L+1.55%	February 2025	25,603,855		25,202,380
Arbors of Las Colinas mortgage loan	SOFR+2.24%	January 2031	45,950,000		45,950,000
1110 Key Federal Hill mortgage loan	2.34%	October 2028	51,520,000		—
Domain mortgage loan	SOFR+1.50%	December 2026	48,700,000		—
DreamWorks Animation Studios mortgage loan	SOFR+1.65%	October 2022	214,750,000		—
Secured Credit Facility(2)	L + 1.95%	November 2022	244,401,821		—
Affiliate Line of Credit	L + 2.25%	November 2022	105,000,000		—
Total Indebtedness			$	842,410,831	$	230,563,380


(1)			The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021 and 2020, one-month LIBOR was equal to 0.10% and 0.14%, respectively. The term "SOFR" refers to the one-month Secured Overnight Financing Rate for DreamWorks Animation Studios mortgage loan and Arbors of Las Colinas mortgage loan.. As of December 31, 2021 and 2020, one-month SOFR was equal to 0.05% and 0.08%, respectively. The term "SOFR" refers to the daily Secured Overnight Financing Rate for Domain mortgage loan. As of December 31, 2021, daily SOFR was equal to 0.05%.
(2)			As of December 31, 2021, borrowings on the Secured Credit Facility are secured by the following properties: The Burnham, Flats on Front, Verso Apartments, 8400 Westphalia Road, 6123-6227 Monroe Court, and McLane Distribution Center. The facility has a one-year extension option to November 9, 2023, subject to certain conditions.

Cash Flows

The following table provides a breakdown of the net change in our cash and cash equivalents and restricted cash:


	For the Year Ended December 31, 2021		For the Year Ended December 31, 2020		For the Year Ended December 31, 2019
Cash flows provided by (used in) operating activities	$	15,720,800	$	9,322,170	$	(176,569)
Cash flows used in investing activities	(622,799,217)		(128,643,643)		(283,046,804)
Cash flows provided by financing activities	631,842,806		124,290,494		314,090,123
Net increase in cash and cash equivalents and restricted cash	$	24,764,389	$	4,969,021	$	30,866,750

Cash flows provided by operating activities increased $6.4 million for the year ended December 31, 2021 compared to the corresponding period in 2020 due to increased cash flows from the operations of our properties and income from our investments in real estate-related debt. The increase was primarily due to property acquisitions in 2021. As of December 31, 2021, we owned 14 properties, compared to five properties as of December 31, 2020. Cash flows provided by operating activities increased $9.5 million for the year ended December 31, 2020 compared to the corresponding period in 2019 due to increased cash flows from the operations of our properties and income from our investments in real estate-related debt.

Cash flows used in investing activities increased $494.2 million for the year ended December 31, 2021 compared to the corresponding period in 2020. The increase was primarily due to acquisitions of real estate properties and real estate-related debt, offset by cash flows provided by the sale of one real estate property, one real estate-related loan, and four commercial mortgage backed security investments. Cash flows used in investing activities decreased $154.4 million for the year ended December 31, 2020 compared to the corresponding period in 2019 primarily due to fewer acquisitions in 2020.

Cash flows provided by financing activities increased $507.6 million for the year ended December 31, 2021 compared to the corresponding period in 2020. The increase is primarily due to borrowings from mortgage loans and credit facilities for property acquisitions. Cash flows provided by financing activities decreased $189.8 million for the year ended December 31, 2020 compared to the corresponding period in 2019 primarily due to a decrease in proceeds from borrowings from mortgage loans and credit facilities for property acquisitions.

Critical Accounting Estimates

The preparation of these financial statements in accordance with GAAP involve significant judgement and assumptions and require estimates about matters that are inherently uncertain. These judgments will affect our reported amounts of assets and liabilities and our disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. With different estimates or assumptions, materially different amounts could be reported in our financial statements. The following is a summary of our significant accounting policies that we believe are the most affected by our judgements, estimates, and assumptions.

Please refer to Note 2, “Summary of Significant Accounting Policies” to our financial statements in this annual report on Form 10-K for a summary of our critical accounting policies.

Principles of Consolidation and Variable Interest Entities

We consolidate entities in which we retain a controlling financial interest or entities that meet the definition of a variable interest entity (“VIE”) for which we are deemed to be the primary beneficiary. In performing our analysis of whether we are the primary beneficiary, at initial investment and at each quarterly reporting period, we consider whether we individually have the power to direct the activities of the VIE that most significantly affect the entity’s economic performance and also have the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. The determination of whether an entity is a VIE, and whether we are the primary beneficiary, involves significant judgments, including the determination of which activities most significantly affect the entity’s performance, estimates about the current and future fair values and performance of assets held by the entity and/or general market conditions.

Investments in Real Estate

In accordance with the guidance for business combinations, the Company determines whether the acquisition of a property qualifies as a business combination, which requires that the assets acquired and liabilities assumed constitute a business. If the property acquired is not a business, the Company accounts for the transaction as an asset acquisition. We evaluate each real estate acquisition to determine whether the integrated set of acquired assets and activities meets the definition of a business.

Upon acquisition of a property, we assesses the fair value of the acquired tangible and intangible assets (including land, buildings, tenant improvements, "above-market" and "below-market" leases, acquired in-place leases, other identified intangible

assets and assumed liabilities) and we allocate the purchase price to the acquired assets and assumed liabilities. The most significant portion of the allocation is to building and land and requires the use of market based estimates and assumptions. The company assesses and considers fair value based on estimated cash flow projections that utilize discount and/or capitalization rates that it deems appropriate, as well as other available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known and anticipated trends and market and economic conditions.

We also consider an allocation of the purchase price of other acquired intangibles, including acquired in-place leases that may have a customer relationship intangible value, including (but not limited to) the nature and extent of the existing relationship with the tenants, the tenants' credit quality and expectations of lease renewals. For acquired in-place leases, above- and below-market lease values are recorded at their fair values (using an discount rate that reflects the risks associated with the lease acquired) equal to the difference between the contractual amounts to be paid pursuant to the in-place leases and management’s estimate of fair market value lease rates for the corresponding in-place leases, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. Other intangible assets acquired include amounts for in-place lease values that are based on our evaluation of the specific characteristics of each tenant’s lease. Factors to be considered include estimates of carrying costs during hypothetical expected lease-up periods considering current market conditions, and costs to execute similar leases. In estimating carrying costs, we include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions. In estimating costs to execute similar leases, we consider leasing commissions, legal and other related expenses.

Impairment of Long-Lived Assets

We review our real estate portfolio each quarter or when there is an event or change in circumstances to determine if there are any indicators of impairment in the carrying values of any of our real estate assets. If the carrying amount of the real estate asset is no longer recoverable and exceeds the fair value of such investment, an impairment loss is recognized. The impairment loss is recognized based on the excess of the carrying amount of the asset over its fair value. The evaluation of anticipated future cash flows is highly subjective and is based in part on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Since cash flows on real estate properties considered to be "long-lived assets to be held and used" are considered on an undiscounted basis to determine whether an assets has been impaired, our strategy of holding properties over the long term directly decreases the likelihood of recording an impairment loss. If our strategy changes or market conditions otherwise dictate an earlier sale date, an impairment loss may be recognized, and such loss could be material to our results. If we determine that an impairment has occurred, the affected assets must be reduced to their fair value.

Related Party Transactions

We have and are expected to continue to engage in, transactions with related parties, including Brookfield REIT Advisor LLC, our Adviser and its affiliates, and Oaktree Fund Advisors LLC as Sub-Advisor and its affiliates. The results of our operations may be different if similar transactions were conducted with non-related parties. Our independent directors oversee and annually review our related party relationships and are required to approve any modifications to existing relationships, as well as any new related party transactions.

See Note 10 titled “Related Party Transactions” to our financial statements in this annual report on Form 10-K for additional information concerning our related party transactions.

Recent Accounting Pronouncements

See Note 2 titled “Summary of Significant Accounting Policies” to our financial statements in this annual report on Form 10-K for a discussion concerning recent accounting pronouncements.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We may be exposed to interest rate changes primarily as a result of long-term debt used to maintain liquidity, fund capital expenditures and expand our investment portfolio and operations. Market fluctuations in real estate financing may affect the availability and cost of funds needed to expand our investment portfolio. In addition, restrictions upon the availability of real estate financing or high interest rates for real estate loans could adversely affect our ability to dispose of real estate in the future. We seek to limit the impact of interest rate changes on earnings and cash flows and to lower our overall borrowing costs. We may use derivative financial instruments to hedge exposures to changes in interest rates on loans secured by our assets. Also, we are exposed to both credit risk and market risk.

Market risk is the adverse effect on the value of a financial instrument that results from a change in interest rates. The market risk associated with interest-rate contracts is managed by establishing and monitoring parameters that limit the types and degree of market risk that may be undertaken. With regard to variable rate financing, we assess our interest rate cash flow risk by continually identifying and monitoring changes in interest rate exposures that may adversely impact expected future cash flows

and by evaluating hedging opportunities. We maintain risk management control systems to monitor interest rate cash flow risk attributable to both our outstanding and forecasted debt obligations as well as our potential offsetting hedge positions. While this hedging strategy is designed to minimize the impact on our net income and funds from operations from changes in interest rates, the overall returns on your investment may be reduced.

Interest rate risk

We are exposed to interest rate risk with respect to our variable-rate mortgage indebtedness, where an increase in interest rates would directly result in higher interest expense costs. We seek to manage our exposure to interest rate risk by utilizing a mix of fixed and floating rate financings with staggered maturities and through interest rate protection agreements to fix or cap a portion of our variable rate debt. As of December 31, 2021, the outstanding principal balance of our variable rate indebtedness was $790.9 million and consisted of mortgage loans, our Secured Credit Facility and our Affiliate Line of Credit.

Certain of our mortgage loans and other indebtedness are variable rate and are indexed to the one-month U.S. Dollar denominated LIBOR and the U.S. Dollar denominated daily simple SOFR (collectively, the "Reference Rates). For the year ended December 31, 2021, a 10% increase in the Reference Rates would have resulted in increased interest expense of $0.1 million.

Investments in real estate-related loans and securities

As of December 31, 2021, we held $55.1 million of investments in four real estate-related loans and four CMBS. Our investments are floating-rate and indexed to one-month U.S. denominated LIBOR and as such, exposed to interest rate risk. Our net income will increase or decrease depending on interest rate movements. While we cannot predict factors which may or may not affect interest rates, for the year ended December 31, 2021, a 10% increase or decrease in the one-month U.S. Dollar denominated LIBOR rate would have resulted in an increase or decrease to income from our real estate-related loans and securities of $0.1 million.

We may also be exposed to market risk with respect to our investments in real estate-related securities due to changes in the fair value of our investments. We seek to manage our exposure market risk with respect to our investments in real estate-related securities by making investments in securities backed by different types of collateral and varying credit ratings. The fair value of our investments may fluctuate, thus the amount we will realize upon any sale of our investments is unknown. As of December 31, 2021, the fair value at which we may sell our investments in real estate-related securities is not known, but a 10% change in the fair value of our investments in real estate-related securities may result in an unrealized gain or loss of $2.0 million.

Currency Risk

We may be exposed to currency risks related to our non-U.S. investments that are denominated in currencies other than the U.S. Dollar ("USD"). We may seek to manage or mitigate our risk to the exposure of the effects of currency changes through the use of a wide variety of derivative financial instruments. As of December 31, 2021, we have one foreign exchange derivative with a notional hedged amount of £73.3 million GBP.

Credit Risk

Credit risk includes the failure of the counterparty to perform under the terms of a derivative contract. If the fair value of a derivative contract is positive, the counterparty will owe us, which creates credit risk for us. If the fair value of a derivative contract is negative, we will owe the counterparty and, therefore, do not have credit risk. We seek to minimize the credit risk in derivative instruments by entering into transactions with high-quality counterparties.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The financial statements required by this item and the reports of the independent accountants thereon required by Item 14(a)(2) appear on pages F-4 to F-40. See accompanying Index to Financial Statements on page F-1.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as that term is defined in Rules 13a-15(e) under the Exchange Act) that are designed to ensure that information required to be disclosed in our reports under the Exchange Act is recorded, processed, and summarized and reported within the time periods specified in the SEC rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures. An evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this annual report on Form 10-K was made under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer. Based upon this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures (a) are effective to ensure that information required to be disclosed by us in reports filed or submitted under the Exchange Act is timely recorded, processed, summarized and reported and (b) include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Controls over Financial Reporting

As part of the Adviser Transition that occurred on November 2, 2021, Brookfield REIT Adviser LLC, an affiliate of Brookfield Asset Management Inc. (together with its affiliates, "Brookfield") replaced Oaktree Fund Advisors, LLC as our adviser. As a result of this transition, Brookfield and its management assumed the responsibility for the oversight of our internal controls over financial reporting. The change in our management has not resulted in any changes to our “internal control over financial reporting” (as defined in Rule 13a-15(f) of the Exchange Act) during the three months ended December 31, 2021 have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is a process designed under the supervision of our Chief Executive Officer and Chief Financial Officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of our Consolidated Financial Statements for external reporting purposes in accordance with GAAP.

Our internal control over financial reporting includes policies and procedures that pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect transactions and dispositions of our assets; provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures are being made only in accordance with authorizations of our management and directors; and provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on our Consolidated Financial Statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. In addition, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

Management conducted an assessment of the effectiveness of our internal control over financial reporting as of December 31, 2021, based on the framework established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission in 2013. Based on this assessment, management has determined that our internal control over financial reporting as of December 31, 2021, was effective.

ITEM 9B. OTHER INFORMATION

None.

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTION

Not applicable.

PART III.

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The information required by this item is incorporated by reference to the company’s definitive proxy statement to be filed not later than April 30, 2022 with the SEC pursuant to Regulation 14A under the Exchange Act.

ITEM 11. EXECUTIVE COMPENSATION

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The information required by this item relating to our principal accountant, Deloitte & Touche LLP (PCAOB ID No. 34), is incorporated by reference to the company’s definitive proxy statement to be filed not later than April 30, 2022 with the SEC pursuant to Regulation 14A under the Exchange Act.

PART IV.

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

EXHIBIT INDEX



Exhibit Number						Description

1.1						Dealer Manager Agreement, dated November 2, 2021, by and between Brookfield Real Estate Income Trust Inc. and Brookfield Oaktree Wealth Solutions LLC (filed as Exhibit 1.1 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

1.2						Form of Selected Dealer Agreement (filed as Exhibit 1.2 to Pre-Effective Amendment No. 3 to the Registrant’s Registration Statement on Form S-11 on October 28, 2021 (File No. 333-255557) and incorporated herein by reference)

1.3						Form of Selected Dealer Agreement (filed as Exhibit 1.3 to Pre-Effective Amendment No. 3 to the Registrant’s Registration Statement on Form S-11 on October 28, 2021 (File No. 333-255557) and incorporated herein by reference)

3.1						Articles of Amendment and Restatement (incorporated by reference to Exhibit 3.1 to the Registrant’s Registration Statement on Form S-11, as filed by the Registrant with the Securities and Exchange Commission on April 12, 2018 (File No. 333-223022))

3.2						Amended and Restated Bylaws (incorporated by reference to Exhibit 3.2 to the Registrant’s Registration Statement on Form S-11, as filed by the Registrant with the Securities and Exchange Commission on February 14, 2018 (File No. 333-223022))

3.3						Articles of Amendment of Oaktree Real Estate Income Trust, Inc. dated June 13, 2018 (filed as Exhibit 3.3 to the Registrant's Quarterly Report on Form 10-Q on June 14, 2018 and incorporated herein by reference)

3.4						Articles Supplementary of Oaktree Real Estate Income Trust, Inc. (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K on February 16, 2021 and incorporated herein by reference)

3.5						Second Articles of Amendment of Brookfield Real Estate Income Trust Inc. (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

3.6						Articles Supplementary of Brookfield Real Estate Income Trust Inc. (filed as Exhibit 3.2 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

3.7						Certificate of Correction to Brookfield Real Estate Income Trust Inc.’s Articles Supplementary (filed as Exhibit 3.3 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

3.8						Third Articles of Amendment of Brookfield Real Estate Income Trust Inc. (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K on January 10, 2022 and incorporated herein by reference)

4.1						Share Repurchase Plan (filed as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

4.2						Distribution Reinvestment Plan (filed as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K on November 17, 2021 and incorporated herein by reference)

4.3*						Brookfield Share/OP Unit Repurchase Arrangement (filed as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed on March 25, 2022 and incorporated herein by reference)

10.1						Adviser Transition Agreement, dated July 15, 2021, by and between Brookfield REIT Adviser LLC and Oaktree Fund Advisors, LLC (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on July 15, 2021 and incorporated herein by reference)

10.2						Amended and Restated Advisory Agreement, dated March 21, 2022, by and among Brookfield Real Estate Income Trust Inc., Brookfield REIT Operating Partnership L.P. and Brookfield REIT Adviser LLC (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on March 25, 2022 and incorporated herein by reference)

10.3						Third Amended and Restated Limited Partnership Agreement of Brookfield REIT Operating Partnership L.P. (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed on March 25, 2022 and incorporated herein by reference)

10.4***						Option Investments Sub-Advisory Agreement, dated November 2, 2021, by and among Brookfield Real Estate Income Trust Inc., Brookfield REIT Operating Partnership L.P., Brookfield REIT Adviser LLC and Oaktree Fund Advisors, LLC. (filed as Exhibit 10.3 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference).

10.5***						Amendment No. 1 to Option Investments Sub-Advisory Agreement, dated March 21, 2022, by and among Brookfield Real Estate Income Trust Inc., Brookfield REIT Operating Partnership L.P., Brookfield REIT Adviser LLC and Oaktree Fund Advisors, LLC (filed as Exhibit 10.3 to the Registrant’s Current Report on Form 8-K filed on March 25, 2022 and incorporated herein by reference)


10.6						Option Investments Purchase Agreement, dated November 2, 2021, by and among Brookfield Real Estate Income Trust Inc., Brookfield REIT Operating Partnership L.P., Brookfield REIT Adviser LLC, and Oaktree Fund Advisors, LLC (filed as Exhibit 10.4 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

10.7						Contribution Agreement, dated November 2, 2021, by and among BUSI II-C L.P., Brookfield REIT Operating Partnership L.P. and Brookfield Real Estate Income Trust Inc. (filed as Exhibit 10.7 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

10.8						Contribution Agreement, dated November 2, 2021, by and among BOP Nest Domain JV LLC, BOP Nest Domain LLC, BOP Nest Nashville JV LLC, BOP Nest Nashville LLC and Brookfield REIT Operating Partnership L.P. (filed as Exhibit 10.8 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

10.9						Subscription Agreement, dated November 30, 2021, by and among BUSI II-C L.P. and Brookfield REIT Operating Partnership L.P. (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K on December 2, 2021 and incorporated herein by reference)

10.10						Trademark License Agreement, dated November 2, 2021, by and between Brookfield Office Properties Inc. and Brookfield Real Estate Income Trust Inc. (filed as Exhibit 10.5 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

10.11						Form of Indemnification Agreement (incorporated by reference to Exhibit 10.4 to the Registrant’s Registration Statement on Form S-11/A, as filed by the Registrant with the Securities and Exchange Commission on April 12, 2018 (file number 333-223022))

10.12**						Independent Director Compensation Policy (filed as Exhibit 10.4 to the Registrant’s Current Report on Form 8-K filed on March 25, 2022 and incorporated herein by reference)

10.13**						Form of Restricted Stock Award Agreement (filed as Exhibit 10.5 to the Registrant’s Current Report on Form 8-K filed on March 25, 2022 and incorporated herein by reference)

10.14						Uncommitted Unsecured Line of Credit, dated November 2, 2021, by and between Brookfield US Holdings Inc. and Brookfield REIT Operating Partnership L.P. (filed as Exhibit 10.6 to the Registrant’s Current Report on Form 8-K on November 8, 2021 and incorporated herein by reference)

21.1*						Subsidiaries of Registrant

24.1*						Power of Attorney, included in signature page

31.1						Certification of Chief Executive Officer, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2						Certification of Chief Financial Officer, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1+						Certification of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2+						Certification of Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS						XBRL Instance Document

101.SCH						XBRL Taxonomy Extension Schema Document

101.SCH						XBRL Taxonomy Extension Calculation Linkbase Document

101.LAB						XBRL Taxonomy Extension Label Linkbase Document

101.PRE						XBRL Taxonomy Extension Presentation Linkbase Document

101.DEF						XBRL Taxonomy Extension Definition Linkbase Document

104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).


*			Filed herewith.
**			Denotes management contract or compensation plan or agreement.
***			Portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K.
+			This exhibit shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that Section. Such exhibit shall not be deemed incorporated into any filing under the Securities Act or the Exchange Act.

The agreements and other documents filed as exhibits to this report are not intended to provide factual information or other disclosure other than with respect to the terms of the agreements or other documents themselves, and you should not rely on them for that purpose. In particular, any representations and warranties made by us in these agreements or other documents were made solely within the specific context of the relevant agreement or document and may not describe the actual state of affairs as of the date they were made or at any other time.

ITEM 16. FORM 10-K SUMMARY

None.

SIGNATURES

Pursuant to the requirements of Section 13 or Section 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



						Brookfield Real Estate Income Trust Inc

March 31, 2022						/s/ Zachary B. Vaughan
Date						Zachary B. Vaughan
						Chief Executive Officer
						(Principal Executive Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

POWER OF ATTORNEY

Each individual whose signature appears below constitutes and appoints Zachary B. Vaughan and Dana E. Petitto his or her true and lawful attorneys-in-fact and agents with full power of substitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this report on Form 10-K, and to file the same, with all exhibits thereto and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or his or her substitute, may lawfully do or cause to be done or by virtue hereof.




March 31, 2022						/s/ Zachary B. Vaughan
Date						Zachary B. Vaughan
						Chief Executive Officer
						(Principal Executive Officer)

March 31, 2022						/s/ Dana E. Petitto
Date						Dana E. Petitto
						Chief Financial Officer
						(Principal Financial Officer)

March 31, 2022						/s/ Theodore C. Hanno
Date						Theodore C. Hanno
						Chief Accounting Officer
						(Principal Accounting Officer)

March 31, 2022						/s/ Manish H. Desai
Date						Manish H. Desai
						President and Chief Operating Officer
						(Principal Operating Officer)

March 31, 2022						/s/ Brian W. Kingston
Date						Brian W. Kingston
						Chairman of the Board

March 31, 2022						/s/ Lori-Ann Beausoleil
Date						Lori-Ann Beausoleil
						Director

March 31, 2022						/s/ Richard W. Eaddy
Date						Richard W. Eaddy
						Director

March 31, 2022
Date						Thomas F. Farley
						Director

March 31, 2022						/s/ Lis S. Wigmore
Date						Lis S. Wigmore
						Director

March 31, 2022						/s/ Robert Stelzl
Date						Robert Stelzl
						Director

INDEX TO FINANCIAL STATEMENTS



Reports of Independent Registered Public Accounting Firms			F-2

Consolidated Balance Sheets as of December 31, 2021 and 20 2 0			F-4

Consolidated Statements of Operations for the years ended December 31, 2021 , 20 20 and 2019			F-6

Consolidated Statements of Changes in Stockholders' Equity (Deficit) for the years ended December 31, 2021 , 2020 and 2019			F-7

Consolidated Statements of Cash Flows for the years ended December 31, 2021 , 20 20 and 2019			F-8

Notes to Consolidated Financial Statements			F-10

Financial Statement Schedule:
Schedule III - Real Estate and Accumulated Depreciation as of December 31, 2021			F-39

Financial statement schedules other than those listed are omitted as they are not applicable or the required or equivalent information has been included in the Consolidated Financial Statements or notes thereto.

F-1

Report of Independent Registered Public Accounting Firm

To the Stockholders and the Board of Directors of Brookfield Real Estate Income Trust Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheet of Brookfield Real Estate Income Trust, Inc. and subsidiaries (the “Company”) as of December 31, 2021, the related consolidated statements of operations, changes in stockholder’s equity (deficit), and cash flows, for the year ended December 31, 2021, and the related notes and the schedule listed in the index (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2021, and the results of its operations and its cash flows for the year ended December 31, 2021, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

New York, New York

March 31, 2022

We have served as the Company’s auditor since 2021.

F-2

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Oaktree Real Estate Income Trust, Inc.

Opinion on the Financial Statements

We have audited the accompanying Consolidated Balance Sheets of Oaktree Real Estate Income Trust, Inc. (the Company) as of December 31, 2020, the related Consolidated Statements of Operations, changes in Stockholder’s Equity (deficit), and Cash Flows for the years ended December 31, 2020 and 2019, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2020, and the results of its operations and its cash flows for the years ended December 31, 2020 and 2019, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

We have served as the Company’s auditor since 2018.

/s/ Ernst & Young LLP

Los Angeles, California

March 30, 2021

F-3

Brookfield Real Estate Income Trust Inc.

Consolidated Balance Sheets


	December 31, 2021		December 31, 2020
Assets
Investments in real estate, net	$	1,065,758,310	$	315,308,436
Investments in real estate-related loans and securities, net	55,074,378		74,464,566
Investments in unconsolidated entities	129,671,086		—
Intangible assets, net	49,151,909		10,901,176
Cash and cash equivalents	29,988,565		32,740,150
Restricted cash	30,795,049		3,279,075
Accounts and other receivables, net	3,756,111		3,074,459
Other assets	10,518,031		1,105,747

Total Assets	$	1,374,713,439	$	440,873,609
Liabilities and Equity
Mortgage loans and secured credit facility, net	$	733,793,220	$	229,186,956
Unsecured revolving credit facility	105,000,000		—
Due to affiliates	35,890,147		12,123,459
Intangible liabilities, net	28,384,385		69,864
Accounts payable, accrued expenses and other liabilities	16,223,191		6,309,381
Subscriptions received in advance	24,380,740		—


Total Liabilities	$	943,671,683	$	247,689,660
Commitments and Contingencies	—		—
Redeemable non-controlling interests attributable to OP unitholders	200,085,855		—
Stockholders’ Equity
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized; no shares issued nor outstanding at December 31, 2021 and December 31, 2020, respectively	—		—
Common stock - Class S shares, $0.01 par value per share, 225,000,000 shares authorized; 20,045,775 and 13,032,650 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively	200,457		130,326
Common stock - Class I shares, $0.01 par value per share, 250,000,000 shares authorized; 2,825,208 and 7,477,351 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively	28,253		74,773
Common stock - Class T shares, $0.01 par value per share, 225,000,000 shares authorized; none issued and outstanding as of December 31, 2021 and December 31, 2020	—		—
Common stock - Class D shares, $0.01 par value per share,100,000,000 shares authorized; none issued and outstanding as of December 31, 2021 and December 31, 2020	—		—
Common stock - Class C shares, $0.01 par value per share,100,000,000 shares authorized; 1,644,303 and 0 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively	16,443		—
Common stock - Class E shares, $0.00 par value per share,100,000,000 shares authorized; 2,097,971 and 0 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively	—		—
Additional paid-in capital	249,426,060		200,440,567
Accumulated deficit	(23,608,973)		(15,179,566)
Total Stockholders’ Equity	226,062,240		185,466,100
Non-controlling interests attributable to third party joint ventures	4,518,661		7,717,849
Non-controlling interests attributable to preferred stockholders	375,000		—
Total Equity	230,955,901		193,183,949
Total Liabilities and Stockholders' Equity	$	1,374,713,439	$	440,873,609

See accompanying notes to consolidated financial statements.

F-4

The following table presents the assets and liabilities of investments consolidated as variable interest entities for which the Company is determined to be the primary beneficiary.


	December 31, 2021		December 31, 2020
Assets
Investments in real estate, net	$	230,635,634	$	315,308,436
Intangible assets, net	7,311,796		10,901,176
Cash and cash equivalents	2,940,040		3,060,611
Restricted cash	5,413,888		3,279,075
Accounts and other receivables, net	597,673		2,778,108
Other assets	2,866,289		1,010,972

Total Assets	$	249,765,320	$	336,338,378

Liabilities
Mortgage loans, net	$	177,150,209	$	229,186,956
Intangible liabilities, net	45,019		69,864
Accounts payable, accrued expenses and other liabilities	4,317,033		4,761,810

Total Liabilities	$	181,512,261	$	234,018,630

See accompanying notes to consolidated financial statements.

F-5

Brookfield Real Estate Income Trust Inc.

Consolidated Statements of Operations


	For the Year Ended December 31,
	2021		2020		2019
Revenues
Rental revenues	$	34,787,101	$	24,145,212	$	7,128,209
Other revenues	2,590,843		1,141,058		411,698
Total revenues	37,377,944		25,286,270		7,539,907
Expenses
Rental property operating	15,464,896		10,211,237		3,071,766
General and administrative	7,057,292		3,473,954		1,616,252
Organizational expenses	3,459,158		—		885,061
Management fee	2,650,543		1,170,717		—
Performance fee	5,143,197		2,215,134		200,649
Performance participation allocation	2,345,920		—		—
Depreciation and amortization	18,369,770		13,481,013		5,012,259
Total expenses	54,490,776		30,552,055		10,785,987
Other income (expense)
Income from real estate-related loans and securities	5,442,640		4,908,074		2,305,721
Interest expense	(6,758,138)		(4,948,496)		(4,048,089)
Realized gain on real estate investments, net	21,492,660		144,484		—
Unrealized gain on investments, net	1,837,051		2,416,703		—
Total other income (expense)	22,014,213		2,520,765		(1,742,368)
Net income (loss)	$	4,901,381	$	(2,745,020)	$	(4,988,448)
Net loss attributable to non-controlling interests in third party joint ventures	182,666		307,169		265,570
Net income attributable to redeemable non-controlling interests	(2,577,946)		—		—
Net income (loss) attributable to Brookfield REIT stockholders	$	2,506,101	$	(2,437,851)	$	(4,722,878)
Per common share data:
Net income (loss) per share of common stock - basic and diluted	$	0.11	$	(0.13)	$	(4.49)
Weighted average number of shares outstanding - basic and diluted	23,038,165		18,895,893		1,050,861

See accompanying notes to consolidated financial statements.

F-6

Brookfield Real Estate Income Trust Inc.

Consolidated Statements of Changes in Stockholders' Equity (Deficit)


	Par Value
	Common Stock Class I		Common Stock Class S		Common Stock Class C		Common Stock Class E		Additional Paid-In Capital		Accumulated Deficit		Total Stockholders' Equity (Deficit)		Non-controlling Interests Attributable to Third Party Joint Ventures		Non-controlling Interests Attributable to Preferred Shareholders		Total Equity
Balance at December 31, 2018	$	200	$	—	$	—	$	—	$	250,038	$	(367,895)	$	(117,657)	$	—	$	—	$	(117,657)
Common stock issued	91,186		58,516		—		—		149,900,298		—		150,050,000				—		150,050,000
Stock-based compensation	70		—		—		—		74,806		—		74,876		—		—		74,876
Contributions from non-controlling interests	—		—		—		—		—		—		—		5,744,728		—		5,744,728
Distributions	—		—		—		—		—		(339,337)		(339,337)		(131,146)		—		(470,483)
Offering costs	—		—		—		—		(4,875,078)		—		(4,875,078)		—		—		(4,875,078)
Net loss	—		—		—		—		—		(4,722,878)		(4,722,878)		(265,570)		—		(4,988,448)
Balance at December 31, 2019	$	91,456	$	58,516	$	—	$	—	$	145,350,064	$	(5,430,110)	$	140,069,926	$	5,348,012	$	—	$	145,417,938

Common stock issued	$	8,378	$	70,408	$	—	$	—	$	80,891,203	$	—	$	80,969,989	$	—	$	—	$	80,969,989
Stock-based compensation	57		—		—		—		72,390		—		72,447		—		—		72,447
Distribution reinvestment	98		2,058		—		—		2,211,865		—		2,214,021		—		—		2,214,021
Contributions from non-controlling interests	—		—		—		—		—		—		—		3,122,858		—		3,122,858
Distributions	—		—		—		—		—		(7,311,605)		(7,311,605)		(445,852)		—		(7,757,457)
Common stock repurchased	(25,216)		(656)		—		—		(25,829,015)		—		(25,854,887)		—		—		(25,854,887)
Offering costs	—		—		—		—		(2,255,940)		—		(2,255,940)		—		—		(2,255,940)
Net loss	—		—		—		—		—		(2,437,851)		(2,437,851)		(307,169)		—		(2,745,020)
Balance at December 31, 2020	$	74,773	$	130,326	$	—	$	—	$	200,440,567	$	(15,179,566)	$	185,466,100	$	7,717,849	$	—	$	193,183,949

Common stock issued	$	22,262	$	71,457	$	16,443	$	—	$	144,292,214	$	—	$	144,402,376	$	—	$	—	$	144,402,376
Preferred equity issued	—		—		—		—		—		—		—		—		375,000		375,000
Stock-based compensation	134		—		—		—		151,462		—		151,596		—		—		151,596
Distribution reinvestment	346		4,324		—		—		5,233,649		—		5,238,319		—		—		5,238,319
Contributions from non-controlling interests	—		—		—		—		—		—		—		569,053		—		569,053
Distributions	—		—		—		—		—		(10,935,508)		(10,935,508)		(685,575)		—		(11,621,083)
Adjustment to non-controlling interests related to Ezlyn disposition	—		—		—		—		—		—		—		(2,900,000)		—		(2,900,000)
Common stock repurchased	(69,262)		(5,650)		—		—		(76,850,456)		—		(76,925,368)		—		—		(76,925,368)
Offering Costs	—		—		—		—		(18,636,181)		—		(18,636,181)		—		—		(18,636,181)
Net income (loss)	—		—		—		—		—		4,901,381		4,901,381		—		—		4,901,381
Net income allocated to redeemable non-controlling interests	—		—		—		—		—		(2,577,946)		(2,577,946)		—		—		(2,577,946)
Allocation to non-controlling interests in third party joint ventures	—		—		—		—		—		182,666		182,666		(182,666)		—		—
Allocation to redeemable non-controlling interests	—		—		—		—		(5,205,195)		—		(5,205,195)		—		—		(5,205,195)
Balance at December 31, 2021	$	28,253	$	200,457	$	16,443	$	—	$	249,426,060	$	(23,608,973)	$	226,062,240	$	4,518,661	$	375,000	$	230,955,901

See accompanying notes to consolidated financial statements.

F-7

Brookfield Real Estate Income Trust Inc.

Consolidated Statements of Cash Flows


	For the Year Ended December 31,
	2021		2020		2019
Cash flows from operating activities:
Net income (loss)	$	4,901,381	$	(2,745,020)	$	(4,988,448)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	18,369,770		13,481,013		5,012,259
Management fees	2,627,150		1,170,717		—
Performance fees	5,143,197		2,215,134		200,649
Performance Participation Allocation	2,345,920		—		—
Organization costs	3,459,158		—		—
Amortization of above and below market leases	105,711		(102,839)		70,028
Amortization of restricted stock grants	87,500		72,447		74,876
Amortization of deferred financing costs	308,911		211,615		50,313
Amortization of discount	(175,854)		(453,172)		(416,639)
Paid-in-kind interest	(1,022,065)		—		—
Net gain on disposition of real estate	(19,495,644)		—		—
Realized gain on investments	(1,902,466)		(144,484)		—
Unrealized gain on investments	(1,270,570)		(2,416,703)		—
Changes in assets and liabilities:
Amortization of lease inducements and origination fees	(170,985)		—		(1,657,402)
Increase in other assets	(1,685,398)		(794,273)		(570,625)
Increase in accounts and other receivables	(694,129)		(1,305,011)		(1,769,446)
Increase (decrease) in accounts payable, accrued expenses and other liabilities	5,890,147		(163,025)		2,937,813
(Decrease) increase in due to affiliates	(1,100,933)		295,771		880,053

Net cash provided by (used in) operating activities	15,720,800		9,322,170		(176,569)

Cash flows from investing activities
Acquisition of real estate	(649,660,722)		(105,136,975)		(233,193,194)
Purchase of real estate-related loans and securities	(29,947,085)		(33,297,470)		(48,881,160)
Proceeds from sale of real estate-related loans and securities	42,718,237		11,771,286		—
Proceeds from principal repayments of real estate-related loans	8,978,491		—		—
Proceeds from disposition of real estate	8,600,000		—		—
Payment of investment deposit	(6,321,450)		—		—
Proceeds from sale of preferred membership interests	5,000,000		—		—
Capital improvements to real estate	(2,166,688)		(1,980,484)		(972,450)
Net cash used in investing activities	(622,799,217)		(128,643,643)		(283,046,804)

Cash flows from financing activities:
Borrowings from mortgage loans	315,215,639		71,152,380		159,411,000
Borrowings on secured credit facility	244,401,821		—		—
Repayment of Borrowing on Mortgage Loans	(132,550,000)		—		—
Proceeds from affiliate line of credit	105,000,000		—		106,391,162
Proceeds from issuance of OP units	45,000,000		—		—
Proceeds from issuance of preferred units	375,000		—		—
Repayments of affiliate line of credit	—		—		(19,510,997)
Payment of deferred financing costs	(2,550,097)		(653,893)		(984,459)
Proceeds from issuance of common stock	111,782,710		80,159,885		68,009,105
Repurchase of common stock	(71,298,270)		(23,217,389)		—
Subscriptions received in advance	24,380,740		—		—
Payment of offering costs	(2,624,989)		(1,498,429)		(4,839,270)
Distributions to non-controlling interests	(685,575)		(445,852)		(131,146)
Contributions from non-controlling interests	569,053		3,122,858		5,744,728
Distributions	(5,173,226)		(4,329,066)		—
Net cash provided by financing activities	631,842,806		124,290,494		314,090,123

Net change in cash and cash-equivalents and restricted cash	24,764,389		4,969,021		30,866,750
Cash and cash-equivalents and restricted cash, beginning of period	36,019,225		31,050,204		183,454
Cash and cash-equivalents and restricted cash, end of period	$	60,783,614	$	36,019,225	$	31,050,204

See accompanying notes to consolidated financial statements.

F-8


	For the Year Ended December 31,
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheets:	2021		2020		2019
Cash and cash equivalents	$	29,988,565	$	32,740,150	$	30,308,600
Restricted cash	30,795,049		3,279,075		741,604
Total cash and cash equivalents and restricted cash	$	60,783,614	$	36,019,225	$	31,050,204

Supplemental disclosures:
Interest paid	$	6,273,044	$	4,709,835	$	1,819,688
Non-cash investing and financing activities:
Issuance of Brookfield REIT OP units as consideration for acquisitions of real estate	$	148,175,420	$	—	$	—
Issuance of Class E common stock as consideration for acquisitions of real estate	$	25,000,000	$	—	$	—
Disposition of real estate	$	77,071,415	$	—	$	—
Preferred membership interest acquired from disposition of real estate	$	33,831,269	$	—	$	—
Transfer of mortgage loan associated with disposition	$	52,806,791	$	—	$	—
Assumption of mortgages in conjunction with acquisitions of real estate	$	132,550,000	$	—	$	—
Line of credit repayment through issuance of Class I shares	$	—	$	—	$	(86,880,165)
Accrued distributions	$	1,301,541	$	768,519	$	339,337
Accrued stockholder servicing fee	$	14,219,258	$	96,381	$	35,809
Distributions reinvested	$	5,238,319	$	2,214,021	$	—
Accrued management fee in due to affiliates	$	620,706	$	360,617	$	—
Management fees paid in shares	$	2,390,456	$	810,098	$	—
Allocation to redeemable non-controlling interest	$	7,783,141	$	—	$	—
Reinvested redeemable non-controlling interest	$	648,741	$	—	$	—
Accrued distributions to redeemable non-controlling interest	$	872,705	$	—	$	—
Accrued capital expenditures	$	1,192,134	$	980,018	$	—
Accrued repurchases in accounts payable	$	1,593,971	$	—	$	—
Accrued repurchases in due to affiliates	$	6,682,115	$	2,637,500	$	—
Accrued offering costs	$	5,216,729	$	661,127	$	—
Additions of furniture, fixtures and equipment in lieu of rent	$	—	$	420,533	$	—

See accompanying notes to consolidated financial statements.

F-9

Brookfield Real Estate Income Trust Inc.

Notes to the Financial Statements

1. Organization and Business Purpose

Brookfield Real Estate Income Trust Inc. (formerly Oaktree Real Estate Income Trust, Inc.) (the “Company”) was formed on July 27, 2017 as a Maryland corporation and has elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with the taxable year ended December 31, 2019. The Company seeks to invest primarily in well-located, high quality commercial real estate assets that generate strong current cash flow and could further appreciate in value through moderate leasing and repositioning strategies. To a lesser extent, the Company invests in real estate-related investments, including real estate-related debt and real estate-related securities. The Company is the sole general partner of Brookfield REIT Operating Partnership L.P. (the “Operating Partnership”). Substantially all of the Company's business is conducted through the Operating Partnership. The Company and the Operating Partnership are externally managed by Brookfield REIT Adviser LLC (the “Adviser”), an affiliate of Brookfield Asset Management Inc. (together with its affiliates, “Brookfield”). Prior to the Adviser Transition (as defined below) that occurred on November 2, 2021, the Company was externally managed by Oaktree Fund Advisors, LLC (the “Oaktree Adviser”), an affiliate of Oaktree Capital Management, L.P. (“Oaktree”).

On July 15, 2021, the Company entered into an adviser transition agreement (the “Adviser Transition Agreement”) with the Adviser and the Oaktree Adviser. On November 2, 2021, pursuant to the terms of the Adviser Transition Agreement, among other things, the Company (i) accepted the resignation of the Oaktree Adviser as its external adviser under the previous advisory agreement between the Company and the Oaktree Adviser, and (ii) entered into a new advisory agreement (the “Advisory Agreement”) with the Adviser (together, with the related transactions authorized by the Company’s board of directors or otherwise contemplated in connection with the Company’s entry into the Adviser Transition Agreement, referred to collectively as the “Adviser Transition”).

In addition, on November 2, 2021, the Company, the Adviser and the Operating Partnership entered into sub-advisory agreements with the Oaktree Adviser in connection, pursuant to which the Oaktree Adviser (i) manages certain of the Company’s real estate properties and real estate-related debt investments that were acquired by the Company prior to the Adviser Transition and (ii) selects and manages the Company’s liquid assets.

The Company had previously registered with the Securities and Exchange Commission (the “SEC”) an offering of up to $2,000,000,000 in shares of common stock (the "Previous Offering"). The Company subsequently registered a follow-on offering with the SEC of up to $7,500,000,000 in shares of common stock, consisting of up to $6,000,000,000 in shares in its primary offering and up to $1,500,000,000 in shares pursuant to its distribution reinvestment plan, which the Company began using to offer shares of its common stock in November 2021 (the “Current Offering” and with the Previous Offering, the "Offering").

The Company is offering to the public any combination of four classes of shares of its common stock, Class T shares, Class S shares, Class D shares and Class I shares, with a dollar value up to the maximum offering amount. The publicly offered share classes have different upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees. The purchase price per share for each class of common stock varies and generally equals the Company’s prior month’s net asset value (“NAV”) per share, as determined monthly, plus applicable upfront selling commissions and dealer manager fees. The Company intends to continue selling shares on a monthly basis.

As of December 31, 2021, the Company owned 14 investments in real estate, four investments in real estate-related loans, four investments in floating-rate commercial mortgage backed securities ("CMBS"), and two interests in unconsolidated investments.

2. Summary of Significant Accounting Policies

Basis of Presentation and Principles of Consolidation

The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include the accounts of the Company, the Company's subsidiaries and joint ventures in which the Company has a controlling financial interest. All significant intercompany balances and transactions have been eliminated in consolidation. Certain comparative figures have been reclassified to conform to the current year presentation.

The Company consolidates all entities in which it retains a controlling financial interest through majority ownership or voting rights and entities that meet the definition of a variable interest entity (“VIE”) for which it is deemed to be the primary beneficiary. The Company is the primary beneficiary of a VIE when it has (i) the power to direct the activities of a VIE that most significantly influence the VIE’s economic performance, and (ii) the obligation to absorb losses of the VIE that could potentially be significant to the VIE, or the right to receive benefits from the VIE that potentially could be significant to the VIE. The Operating Partnership is considered to be a VIE. The Company consolidates the Operating Partnership because it has

F-10

the ability to direct the most significant activities of the entities as its sole general partner. The Company also consolidates all VIEs for which it is the primary beneficiary. Where the Company does not have the power to direct the activities of the VIE that most significantly impact its economic performance, the Company's interest for those partially owned entities are accounted for using the equity method of accounting. Equity method investments for which the Company has not elected a fair value option are initially recorded at cost and subsequently adjusted for the Company's pro-rata share of net income, contributions, and distributions. When the Company elects the fair value option ("FVO"), the Company records its share of net asset value of the entity and any related unrealized gains and losses.

The Operating Partnership and the Company's joint ventures are considered to be VIEs. The Company consolidates these entities, excluding its equity method investments, because it has the ability to direct the most significant activities of the entities such as purchases, dispositions, financings, budgets, and overall operating plans.

For consolidated joint ventures, the non-controlling partner's share of the assets, liabilities, and operations of each joint venture is included in non-controlling interests as equity of the Company. The non-controlling joint venture partner's interest is generally computed at the joint venture partner's ownership percentage. Certain of the joint ventures formed by the Company provide the other partner a profits interest based on certain internal rate of return hurdles being achieved. Any profits interest due to the other partner is reported within non-controlling interest.

As of December 31, 2021 and 2020, the total assets and liabilities of the Company’s consolidated VIEs, excluding the Operating Partnership, were $249.8 million and $181.5 million, respectively. Such amounts are included on the Company’s Consolidated Balance Sheets.

Use of Estimates

The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities and accrued expenses at the date of the balance sheet. The Company believes the estimates and assumptions underlying the consolidated financial statements are reasonable and supportable based on the information available as of December 31, 2021.

Investments in Real Estate

In accordance with the guidance for business combinations, the Company determines whether the acquisition of a property qualifies as a business combination, which requires that the assets acquired and liabilities assumed constitute a business. If the property acquired does not constitute a business, the Company accounts for the transaction as an asset acquisition. The guidance for business combinations states that when substantially all of the fair value of the gross assets to be acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the asset or set of assets is not a business.

The Company evaluates each real estate acquisition to determine whether the integrated set of acquired assets and activities meets the definition of a business. Generally, acquisitions of real estate or in-substance real estate are not expected to meet the definition of a business because substantially all of the fair value is concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings and related intangible assets) or because the acquisition does not include a substantive process in the form of an acquired workforce or an acquired contract that cannot be replaced without significant cost, effort or delay. All property acquisitions to date have been accounted for as asset acquisitions because substantially all of the fair value was concentrated in the land, buildings and related intangible assets.

The Company capitalizes acquisition-related costs associated with asset acquisitions. Upon acquisition of a property, the Company assesses the fair value of the acquired tangible and intangible assets (including land, buildings, tenant improvements, above- or below-market leases, acquired in-place leases, and other intangible assets and assumed liabilities) and allocates the purchase price to the acquired assets and assumed liabilities. The Company assesses and considers fair value based on estimated cash flow projections that utilize discount and/or capitalization rates that it deems appropriate, as well as other available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known and anticipated trends, and market and economic conditions.

The estimated fair value of acquired in-place leases include the costs the Company would have incurred to lease the properties to their occupancy levels at the date of acquisition. Such estimates include the fair value of leasing commissions, legal costs and other direct costs that would be incurred to lease the properties to such occupancy levels. The Company evaluates avoided costs over the time period over which occupancy levels at the date of acquisition would be achieved had the property been acquired vacant. Such evaluation includes an estimate of the net market-based rental revenues and net operating costs (primarily consisting of real estate taxes, insurance and utilities) that would be incurred during the lease-up period. Acquired in-place leases are amortized over the remaining lease terms as a component of depreciation and amortization expense.

For acquired in-place leases, above- and below-market lease values are recorded based on the present value (using an interest rate that reflects the risks associated with the lease acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management’s estimate of fair market value lease rates for the corresponding in-place leases.

F-11

The values of acquired above- and below-market leases are amortized over the terms of the related leases and recognized as either increases (for below-market leases) or decreases (for above-market leases) to rental revenue. Should a tenant terminate its lease, the unamortized portion of the in-place lease value is charged to amortization expense and the unamortized portion of the above- or below-market lease value is charged to rental revenue.

Significant improvements to properties are capitalized and depreciated over their estimated useful life. Expenditures for ordinary repairs and maintenance are expensed to operations as incurred.

The cost of buildings and improvements includes the purchase price of the Company’s properties and any acquisition-related costs, along with any subsequent improvements to such properties. The Company’s investments in real estate are stated at cost and are generally depreciated on a straight-line basis over the estimated useful lives of the assets as follows:


Description						Depreciable Life
Building						30-40 years
Building and site improvements						5-21 years
Furniture, fixtures and equipment						1-9 years
Tenant improvements						Shorter of estimated useful life or lease term
In-place lease intangibles						Over lease term
Above and below market leases						Over lease term
Lease origination costs						Over lease term
Present value of tax abatement savings						Over tax abatement period

When assets are sold or retired, their costs and related accumulated deprecation are removed from the accounts with the resulting gains or losses reflected in net income or loss for the period.

The Company's management reviews its real estate properties for impairment when there is an event or change in circumstances that indicates an impaired value. In reviewing the portfolio, the Company's management examines the type of asset, the economic situation in the area in which the asset is located, the economic situation in the industry in which the tenant is involved and the timeliness of the payments made by the tenant under its lease, changes in holding period, as well as any current correspondence that may have been had with the tenant, including property inspection reports. For each real estate asset for which indicators of impairment are identified, the Company performs a recoverability analysis that compares future undiscounted cash flows expected to result from the Company's use and eventual disposition of the asset to its carrying value. If the undiscounted cash flow analysis yields an amount which is less than the asset's carrying amount, an impairment loss will be recorded equal to the amount by which the carrying value of the asset exceeds its estimated fair value. Since cash flows on real estate properties considered to be “long-lived assets to be held and used” are considered on an undiscounted basis to determine whether an asset has been impaired, the Company’s strategy of holding properties over the long term directly decreases the likelihood of recording an impairment loss. If the Company’s strategy changes or market conditions otherwise dictate an earlier sale date, an impairment loss may be recognized and such loss could be material to the Company’s results. During the periods presented, no such impairment occurred.

Assets Held for Sale

The Company classifies the assets and liabilities related to its real estate investments as held for sale when a sale is probable to occur within one year. The Company considers a sale to be probable when a binding contract has been executed, the buyer has posted a non-refundable deposit, and there are limited contingencies to closing. The Company classifies held for sale assets and liabilities at the lower of depreciated cost or fair value less closing costs. There were no properties held for sale as of December 31, 2021 and December 31, 2020.

Investments in Unconsolidated Entities

Investments in unconsolidated entities are initially recorded at cost and subsequently adjusted for the Company’s pro-rata share of net income, contributions, and distributions. The Company’s investments in unconsolidated entities are periodically assessed for impairment and an impairment loss would be recorded when the fair value of the investment falls below the carrying value and such decline is determined to be other-than-temporary.

The Company has elected the fair value option for one of its investments in unconsolidated entities and therefore reports this investment at fair value. As such, the resulting unrealized gains and losses are recorded as a component of Unrealized gain on investments, net on the Company's Consolidated Statements of Operations.

F-12

Investments in Real Estate-Related Loans and Securities

Real estate-related loans that the Company has the intent and ability to hold for the foreseeable future are classified as held for investment. Originated loans are recorded at amortized cost, or outstanding unpaid principal balance less net deferred loan fees. Net deferred loan fees include unamortized origination and other fees charged to the borrower less direct incremental loan origination costs incurred by the Company. Purchased loans are recorded at amortized cost, or unpaid principal balance plus purchase premium or less unamortized discount. Costs to purchase loans are expensed as incurred.

Interest income related to the Company's loans is recognized based upon contractual interest rate and unpaid principal balance of the loans as a component of Income from real estate-related loans and securities on the accompanying Consolidated Statements of Operations. Net deferred loan fees on originated loans are deferred and amortized as adjustments to interest income over the expected life of the loans using the effective yield method. Premium or discount on purchased loans are amortized as adjustments to interest income over the expected life of the loans using the effective yield method. When a loan is prepaid, prepayment fees and any excess of proceeds over the carrying amount of the loan are recognized as additional interest income.

The Company assesses its real estate-related loans for impairment and loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due in accordance with contractual terms, including consideration of the underlying collateral value. As of December 31, 2021, each of the Company’s real estate-related loans was performing in accordance with its contractual terms and no impairment loss has been recognized.

The Company has elected to classify its real estate debt securities as trading securities and carry such investments at fair value. As such, the resulting unrealized gains and losses of such securities are recorded as a component of Unrealized gain on investments, net on the Company’s Consolidated Statements of Operations. Interest income from trading securities is recognized based on the stated terms of the security. Interest income from real estate-related debt securities is recorded as a component of Income from real estate-related loans and securities on the accompanying Consolidated Statements of Operations.

Revenue Recognition

Rental revenue primarily consists of base rent arising from tenant leases at the Company’s properties. Base rent is recognized on a straight-line basis over the life of the lease, including any rent steps or abatement provisions. The Company begins to recognize revenue upon the acquisition of the related property or when a tenant takes possession of the leased space. Other rental revenues include amounts due from tenants for costs related to common area maintenance, real estate taxes, and other recoverable costs included in lease agreements. The Company recognizes the reimbursement of such costs incurred as tenant reimbursement income.

The Company evaluates the collectability of receivables related to rental revenue on an individual lease basis. In making this determination, the Company considers the length of time a receivable has been outstanding, tenant credit-worthiness, payment history, available information about the financial condition of the tenant, and current economic trends, among other factors. Tenant receivables that are deemed uncollectible are recognized as a reduction to rental revenue.

On April 10, 2020, the Financial Accounting Standards Board ("FASB") staff issued a question-and-answer document to address stakeholder questions on the application of the lease accounting guidance for lease concessions related to the effects of the COVID-19 pandemic.

Many lessors are, or will be, providing lease concessions to tenants impacted by the economic disruptions caused by the pandemic. For concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the accounting for a change in lease provisions guidance in Accounting Standard Codification 840, Leases, to those contracts. The Company has provided rent deferrals as concessions to tenants impacted by the pandemic. The Company has concluded that each concession does not represent a substantial increase in the rights of the lessor or the obligations of the lessee. Accordingly, the Company has elected to not account for each concession as a change in the provisions of the lease and rather, has assumed each concession was always contemplated by the contract. During the year ended December 31, 2021, the Company provided a rent deferral to one tenant for an immaterial amount.

Cash and Cash Equivalents

Cash and cash equivalents represent cash held in banks, cash on hand, and liquid investments with original maturities of three months or less. The Company may have bank balances in excess of federally insured amounts; however, the Company deposits its cash and cash equivalents with high credit-quality institutions to minimize credit risk exposure.

Restricted Cash

Restricted cash primarily consists of cash received for subscriptions prior to the date in which the subscriptions are effective, which is held in a bank account controlled by the Company's transfer agent but in the name of the Company. The remaining

F-13

balance of restricted cash primarily consists of amounts in escrow related to real estate taxes, construction reserves and insurance in connection with mortgages at certain of the Company's property and tenant security deposits.

Foreign Currency

In the normal course of business, the Company makes investments in real estate outside the United States ("U.S.") through subsidiaries that have a non-U.S. dollar functional currency. Non-U.S. dollar denominated assets and liabilities of these foreign subsidiaries are translated to U.S. dollars at the prevailing exchange rate at the reporting date and income, expenses, gains, and losses are translated at the average exchange rate over the applicable period. Gains and losses from translation of foreign denominated transactions into U.S. dollars are included in current results of operations as a component of Unrealized gain on investments, net on the Company’s Consolidated Statements of Operations.

Deferred Charges

The Company’s deferred charges include financing and leasing costs. Deferred financing costs include legal, structuring, and other loan costs incurred by the Company for its financing agreements. Deferred financing costs related to the Company’s mortgage notes and term loans are recorded as an offset to the related liability and amortized over the term of the applicable financing instruments. Deferred financing costs related to the Company’s revolving credit facilities and affiliate line of credit are recorded as a component of Other Assets on the Company’s Consolidated Balance Sheets and amortized over the term of the applicable financing agreements. Deferred leasing costs incurred in connection with new leases, which consist primarily of brokerage and legal fees, are recorded as a component of Other Assets on the Company’s Consolidated Balance Sheets and amortized over the life of the related lease.

Derivative Instruments

In the normal course of business, the Company is exposed to the effect of interest rate changes and, with regard to its non-U.S. investments, changes in foreign currency exchange rates. The Company seeks to manage these risks by following established risk management policies and procedures including the use of derivatives to hedge interest rate and currency rate risk. These financial instruments may include interest-rate swaps and other derivative contracts.

The Company recognizes all derivatives as either assets or liabilities in the accompanying Consolidated Balance Sheets and measures those instruments at fair value. Changes in the fair values of the Company's derivatives are recorded in current-period earnings as a component of Unrealized gain on investments, net on the accompanying Consolidated Statements of Operations. As of December 31, 2021, the Company had one interest-rate cap, one currency swap contract and one interest-rate swap contract. The derivatives are accounted for as freestanding and changes in fair value are recorded in current-period earnings.

Fair Value Measurement

Under normal market conditions, the fair value of an investment is the amount that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). Additionally, there is a hierarchal framework that prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is impacted by a number of factors, including the type of investment and the characteristics specific to the investment and the state of the marketplace, including the existence and transparency of transactions between market participants. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Investments measured and reported at fair value are classified and disclosed in one of the following levels within the fair value hierarchy:

Level 1 — quoted prices are available in active markets for identical investments as of the measurement date. The Company does not adjust the quoted price for these investments.

Level 2 — quoted prices are available in markets that are not active or model inputs are based on inputs that are either directly or indirectly observable as of the measurement date.

Level 3 — pricing inputs are unobservable and include instances where there is minimal, if any, market activity for the investment. These inputs require significant judgment or estimation by management or third parties when determining fair value and generally represent anything that does not meet the criteria of Levels 1 and 2. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed.

The carrying values of cash and cash equivalents, restricted cash, accounts receivable and other receivables, accounts payable, accrued liabilities and other liabilities approximate fair value because of the short-term nature of these instruments and falls under the Level 2 hierarchy. The estimated fair values of the Company’s real estate-related loan, mortgage loan and line of credit approximate their fair values since they bear interest at floating rates and were recently originated and falls under the

F-14

Level 2 hierarchy. The Company’s derivatives are classified as Level 2 and their fair values are derived from estimated values obtained from observable market data for similar instruments.

The Company uses significant judgement to estimate fair values of investments in real estate, and other intangible assets. In estimating their values, the Company considers significant unobservable inputs such as estimated cash flow projections that utilize appropriate discount and capitalization rates and available comparable market information. Estimates of future cash flows are based on a number of factors, including the historical operating results, known and anticipated trends, and market/economic conditions that may affect the property. These inputs are Level 3 inputs.

Valuation of Assets Measured at Fair Value

The Company elected the fair value option for its investments in CMBS. As such, any unrealized gains or losses on its investments in CMBS are recorded as a component of unrealized gains or losses on the investments on the Consolidated Statements of Operations. The Company determines the fair value of its CMBS utilizing third-party pricing service providers and broker-dealer quotations on the basis of last available bid price.

In determining the fair value of a particular investment, pricing service providers may use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models to determine the reported price. The pricing service providers’ internal models for securities such as real estate debt generally consider the attributes applicable to a particular class of the security (e.g., credit rating, seniority), current market data, and estimated cash flows for each class and incorporate deal collateral performance such as prepayment speeds and default rates, as available.

As of December 31, 2021 and December 31, 2020, the Company’s $19.5 million and $24.7 million, respectively, of investments in CMBS were classified as Level 2.

Income Taxes

The Company qualifies to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Code"), for U.S. federal income tax purposes. The Company generally will not be subject to federal corporate income tax to the extent it distributes 100% of its taxable income to its shareholders. REITs are subject to a number of other organizational and operational requirements. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.

The Company has formed wholly-owned subsidiaries that are taxed as taxable REIT subsidiaries (“TRSs”) that are subject to taxation at the federal, state and local levels, as applicable. In general, a TRS may perform additional services for our tenants and generally may engage in any real estate or non-real estate-related business. We will account for applicable income taxes by utilizing the asset and liability method. As such, we will record deferred tax assets and liabilities for the future tax consequences resulting from the difference between the carrying value of existing assets and liabilities and their respective tax basis. A valuation allowance for deferred tax assets is provided if the Company believes all or some portion of the deferred tax asset my not be realized.

As of December 31, 2021, 2020 and 2019, the Company had net operating losses (“NOLs”) of $4.0 million, $3.2 million, and $0.4 million, respectively. The Company has not recorded a deferred tax asset in the accompanying Consolidated Financial Statements with respect to its NOLs since it is unlikely such benefits will be realized.

Organization and Offering Expenses

As of December 31, 2021 and December 31, 2020, the Adviser and its affiliates had incurred approximately $8.4 million and $5.7 million, respectively, of organization and offering expenses on our behalf, which will be reimbursed ratably over a 60 month period following July 6, 2022.

Organizational expenses are expensed as incurred and offering expenses are reflected as a reduction of additional paid-in capital as such amounts will be reimbursed to the Adviser or its affiliates from the gross proceeds of the Offering. Any amount due to the Adviser but not paid are recorded as Due to affiliates on the accompanying Consolidated Balance Sheets.

Earnings Per Share

The Company uses the two-class method in calculating earnings per share ("EPS") when it issues securities other than common stock that contractually entitle the holder to participate in dividends and earnings of the Company when, and if, the Company declares dividends on its common stock. Basic earnings per share ("Basic EPS") for the Company's common stock are computed by dividing net income allocable to common shareholders by the weighted average number of shares of common stock outstanding for the period, respectively. Diluted earnings per share ("Diluted EPS") is calculated similarly, however, it reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower earnings per share amount.

F-15

We include unvested shares of restricted stock in the computation of diluted EPS by using the more dilutive of the two-class method or treasury stock method. Any anti-dilutive securities are excluded from the diluted EPS calculation. For the years ended December 31, 2021 and December 31, 2020, there were no dilutive participating securities.

Segment Reporting

The Company operates in six reportable segments: multifamily properties, office properties, logistics properties, alternative properties, investments in unconsolidated entities and real estate-related loans and securities. The Company allocates resources and evaluates results based on the performance of each segment individually. The Company believes that segment net operating income is the key performance metric that captures the unique operating characteristics of each segment.

Stock-Based Compensation

Equity-classified stock awards granted to employees and non-employees that have a service condition are measured at fair value at date of grant and re-measured at fair value only upon a modification of the award.

The Company recognizes compensation expense on a straight-line basis over the requisite service period of each award, with the amount of compensation expense recognized at the end of a reporting period at least equal to the portion of fair value of the respective award at grant date or modification date, as applicable, that has vested through that date. Compensation expense, which is adjusted for actual forfeitures upon occurrence, is included as a component of general and administrative expense on the Consolidated Statements of Operations.

Stockholder Servicing Fee

The Company has entered into a dealer manager agreement with Brookfield Oaktree Wealth Solutions LLC, a registered broker-dealer (“Dealer Manager”) affiliated with the Adviser, to serve as the dealer manager for the Current Offering. The Dealer Manager is entitled to receive upfront selling commissions and dealer manager fees up to 3.5% of the transaction price and ongoing stockholder servicing fees of 0.85% per annum of the aggregate NAV for outstanding Class S and Class T shares with a limit up to, in the aggregate, 8.75% of the gross proceeds from such shares. The Dealer Manager is entitled to receive upfront selling commissions up to 1.5% of the transaction price and ongoing stockholder servicing fees of 0.25% per annum of the aggregate NAV for outstanding Class D shares with a limit up to, in the aggregate, 8.75% of the gross proceeds from such shares. There are no upfront selling commissions and ongoing stockholder servicing fees with respect to Class I shares.

The Company previously accrued upfront selling commissions and ongoing stockholder servicing fees on a monthly basis as incurred and recorded the monthly accrual as a reduction of additional paid-in capital as part of the offering costs. During the quarter ended September 30, 2021, the Company determined that it should have accrued future stockholder servicing fees for Class S shares at the time the shares were issued based on the contractual cap of 8.75% of gross proceeds (no Class T or Class D shares had been issued prior to September 30, 2021). The Company assessed the cumulative impact of the error on accounts payable, accrued expenses and other liabilities and additional paid-in capital as of and for the years ended December 31, 2020 and 2019. In accordance with SEC Staff Accounting Bulletin (“SAB”) No. 99, Materiality and SAB No. 108 (“SAB 108”), Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, the Company assessed the materiality of this correction on its financial statements for the years ended December 31, 2020 and 2019. As a result of its analysis, the Company recorded a $9.9 million reduction to equity and a corresponding increase in accounts payable, accrued expenses and other liabilities as of December 31, 2021. The Company concluded the effect was not material to its financial statements for any prior period nor the current year and, as such, those financial statements are not materially misstated.

Recent Accounting Pronouncements

In March 2020, the FASB issued guidance which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offer Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance is effective upon issuance and generally may be elected over time through December 31, 2022. The Company has not adopted any of the optional expedients or exceptions through December 31, 2021, but will continue to evaluate the possible adoption (including potential impact) of any such expedients or exceptions during the effective period as circumstances evolve.

In February 2016, the FASB issued a new leasing standard which requires lessees to clarify leases as either finance or operating leases based on certain criteria and record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The standard also eliminates current real estate-specific provisions and changes initial direct costs and lease executory costs for all entities. The new guidance will require lessees and lessors to capitalize, as initial direct costs, only those costs that are incurred due to the execution of a lease, with any other costs incurred, including allocated indirect costs, expensed as incurred. In addition, the new standard requires that lease and non-lease components of a contract be bifurcated, with non-lease components (including

F-16

reimbursements for real estate taxes, utilities, insurance and other common area maintenance and other executory costs) subject to the new revenue recognition standard effective upon adoption of the new leasing standard. In July 2018, the FASB issued an amendment to the leasing standard that allows lessors to elect, as a practical expedient, not to allocate the total consideration in a contract to lease and non-lease components based on their relative standalone selling prices. Rather, this practical expedient allows lessors to elect to account for the combined component as an operating lease if (i) the timing and pattern of transfer of the lease component and non-lease component(s) are the same; (ii) the lease component would be classified as an operating lease if accounted for separately; and (iii) the lease component is the predominant component of the arrangement. If we elect this practical expedient subsequent to adoption, tenant recoveries and other components that would otherwise qualify as non-lease components would be accounted for as lease components and recognized in rental revenues. The amendment also provided an optional transition method to make the initial application date of the new lease standard the date of adoption, with a cumulative-effect adjustment recognized to the opening balance of retained earnings. Consequently, for an entity that elects the optional transition method, the entity’s reporting and disclosures for comparative historical periods presented in the financial statements will continue to be in accordance with current GAAP. In December 2018, the FASB made a narrow-scope amendment that would preclude a lessor from having to recognize lessor costs paid by a lessee directly to a third-party when the lessor cannot reasonably estimate such costs. The Company expects to elect the package of practical expedients to not reassess (i) whether existing arrangements are or contain a lease, (ii) the classification of an operating or financing lease in a period prior to adoption, and (iii) any initial direct costs for existing leases. Additionally, the Company expects to elect to not use hindsight and carry forward its lease term assumptions when adopting this standard and not recognize lease liabilities and lease assets for leases with a term of 12 months or less. The Company will adopt the new leasing standard effective January 1, 2022. The Company is currently evaluating the impact of adopting this standard on its Consolidated Financial Statements.

In June 2016, the FASB issued guidance on the measurement of credit losses on financial instruments. The standard will replace the incurred loss impairment methodology pursuant to GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The guidance is effective for the Company beginning after December 15, 2022, including interim periods within that reporting period, with early adoption permitted after December 15, 2018, including interim periods within that reporting period. The Company is currently evaluating the impact of adopting this ASU on its Consolidated Financial Statements. In March 2020, the FASB issued guidance which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates. The guidance is effective upon issuance and generally may be elected over time through December 31, 2022. The Company has not adopted any of the optional expedients or exceptions through December 31, 2021, but will continue to evaluate the possible adoption (including potential impact) of any such expedients or exceptions during the effective period as circumstances evolve.

In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments simplify the accounting for income taxes by removing certain exceptions to the general principles of Topic 740, Income Taxes and also improve consistent application by clarifying and amending existing guidance. The new standard became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption was permitted, with the amendments to be applied on a retrospective, modified retrospective or prospective basis, depending on the specific amendment. The Company adopted the new guidance under ASU 2019-12 in the first quarter of 2021 and it had no material impact on the Company's Consolidated Financial Statements.

In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU 2020-04 provides optional expedients and exceptions to GAAP requirements for modifications on debt instruments, leases, derivatives, and other contracts, related to the expected market transition from LIBOR, and certain other floating rate benchmark indices (collectively, “IBORs”) to alternative reference rates. ASU 2020-04 generally considers contract modifications related to reference rate reform to be an event that does not require contract remeasurement at the modification date nor a reassessment of a previous accounting determination. In January 2021, the FASB issued ASU 2021-01 “Reference Rate Reform (Topic 848): Scope,” or ASU 2021-01. ASU 2021-01 clarifies that the practical expedients in ASU 2020-04 apply to derivatives impacted by changes in the interest rate used for margining, discounting, or contract price alignment. The guidance in ASU 2020-04 is optional and may be elected over time, through December 31, 2022, as reference rate reform activities occur. Once ASU 2020-04 is elected, the guidance must be applied prospectively for all eligible contract modifications. The Company has not adopted any of the optional expedients or exceptions as of December 31, 2021, but will continue to evaluate the possible adoption of any such expedients or exceptions during the effective period as circumstances evolve

F-17

3. Investments in Real Estate

Investments in real estate, net, consisted of the following as of December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Building and building improvements	$	874,834,206	$	272,602,885
Land	164,901,074		40,397,114
Tenant improvements	35,591,724		9,551,645
Furniture, fixtures and equipment	11,061,146		4,822,680
Accumulated depreciation	(20,629,840)		(12,065,888)
Investments in real estate, net	$	1,065,758,310	$	315,308,436

Acquisitions

During the year ended December 31, 2021, the Company acquired $852.9 million of real estate investments, which were comprised of five multifamily properties, three logistics properties, one alternative property and several single family rental properties. During the year ended December 31, 2020, the Company acquired $105.1 million of real estate investments, which was comprised of one multifamily property and one office property.

The following table provides further details of the properties acquired during the years ended December 31, 2021 and 2020:


Investment	Ownership Interest(1)	Location	Type	Acquisition Date	Square Feet/Units	Purchase Price(2)
Lakes at West Covina	95%	Los Angeles, CA	Office	February 2020	177,000	$	41,024,719
Arbors of Las Colinas	90%	Dallas, TX	Multifamily	December 2020	408	64,112,256
1110 Key Federal Hill	100%	Baltimore, MD	Multifamily	September 2021	224	75,152,886
Domain	100%	Orlando, FL	Multifamily	November 2021	324	74,157,027
The Burnham	100%	Nashville, TN	Multifamily	November 2021	328	129,057,027
6123-6227 Monroe Ct	100%	Morton Grove, IL	Logistics	November 2021	208,000	17,264,728
8400 Westphalia Road	100%	Upper Marlboro, MD	Logistics	November 2021	100,000	27,960,931
McLane Distribution Center	100%	Lakeland, FL	Logistics	November 2021	211,000	26,754,957
Flats on Front	100%	Wilmington , NC	Multifamily	December 2021	273	97,728,205
Verso Apartments	100%	Beaverton, OR	Multifamily	December 2021	172	74,215,860
DreamWorks Animation Studios	100%	Glendale, CA	Alternatives	December 2021	497,000	326,743,229
Single Family Rental Portfolio	100%	Various	Alternatives	Various	14	3,839,927
						$	958,011,752


(1)			Certain of the investments made by the Company provide the other partner a profits interest based on certain internal rate of return hurdles being achieved. Such investments are consolidated by the Company and any profits interest due to the other partner is reported within non-controlling interests attributable to joint venture partners.
(2)			Purchase price is inclusive of closing costs.

F-18

The following table details the purchase price allocation for properties acquired during the years ended December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Building and building improvements	$	660,098,315	$	71,691,278
Land and land improvements	145,611,087		20,729,974
Tenant improvements	24,991,410		4,205,936
Furniture, fixtures and equipment	6,307,805		1,427,992
In-place lease intangibles	32,518,944		5,393,340
Lease origination costs	8,534,907		1,726,732
Tax abatement intangible	3,054,438		—
Above-market lease intangibles	178,101		5,753
Below-market lease intangibles	(28,420,233)		(44,030)
Total purchase price(1)	852,874,774		105,136,975
Assumed debt(2)	132,550,000		—
Net purchase price	$	720,324,774	$	105,136,975


(1)			Purchase price is inclusive of closing costs.
(2)			Refer to Note 9 for additional details on the Company’s mortgage loans and indebtedness.

Dispositions

On November 2, 2021, the Company sold its ownership interest in the Ezlyn property to an affiliate of the Oaktree Adviser for net proceeds of $42.4 million, which consisted of $8.6 million of cash and a $33.8 million preferred equity interest in an affiliate of Oaktree. The Company recognized a realized gain on sale of $19.5 million as a result of the disposition. On December 31, 2021, the Company assigned $5.0 million of its preferred equity interest to the affiliate of the Oaktree Adviser for $5.0 million of cash. On January 18, 2022, the Company assigned its remaining $28.8 million preferred equity interest to the affiliate of the Oaktree Adviser for $28.8 million.

Properties Held for Sale

There were no properties held for sale as of December 31, 2021 and 2020.

F-19

4. Investments in Unconsolidated Entities

The Company holds investments in joint ventures that it accounts for under the equity method of accounting, as the Company’s ownership interest in each joint venture does not meet the requirements for consolidation.

On November 2, 2021, the Company acquired a 20% interest in Principal Place, an office asset located in London, United Kingdom, through an indirect interest in the joint venture that owns the property. As of December 31, 2021, the fair value of the Company's interest in Principal Place was $100.9 million.

On November 2, 2021, the Company sold its ownership interest in the Ezlyn property to an affiliate of the Oaktree Adviser for $8.6 million in cash and a $33.8 million preferred equity interest in an affiliate of Oaktree. On December 31, 2021, the Company assigned $5.0 million of its preferred equity interest to the affiliate of the Oaktree Adviser for $5.0 million of cash. As of December 31, 2021, the Company's carrying value of its preferred equity interest was $28.8 million. On January 18, 2022, the Company assigned its remaining $28.8 million preferred equity interest to the affiliate of the Oaktree Adviser for $28.8 million.

As of December 31, 2021 and 2020, investments in unconsolidated entities were $129.7 million and $0, respectively.

The following table provides the summarized financial information of our unconsolidated joint venture in Principal Place as of and for the periods set forth below:


	As of December 31, 2021
Total Assets	$	1,133,943,189
Total Liabilities	640,809,702
Total Equity	$	493,133,487


	For the period November 2, 2021 through December 31, 2021
Total Revenues	$	5,891,879
Total Expenses	9,285,693
Net Loss	$	(3,393,814)

F-20

5. Intangibles

The Company recorded in-place lease and above and below market lease intangibles as a result of its property acquisitions during the years ended December 31, 2021 and 2020. The gross carrying amount and accumulated amortization of the Company's intangible assets consisted of the following:


Intangible assets:	December 31, 2021		December 31, 2020
In-place lease intangibles	$	41,209,749	$	11,635,323
Lease origination costs	12,610,735		3,946,636
Lease inducements	1,708,038		1,708,038
Tax intangibles	3,054,438		—
Above-market lease intangibles	183,854		5,753
Total intangible assets	58,766,814		17,295,750
Accumulated amortization:
In-place lease intangibles	(8,082,379)		(5,586,764)
Lease origination costs	(972,556)		(521,929)
Lease inducements	(533,673)		(280,128)
Tax intangibles	(20,544)		—
Above-market lease intangibles	(5,753)		(5,753)
Total accumulated amortization	(9,614,905)		(6,394,574)
Intangible assets, net	$	49,151,909	$	10,901,176

Intangible liabilities:
Below-market lease intangibles	$	(28,520,699)	$	(94,501)
Accumulated amortization	136,314		24,637
Intangible liabilities, net	$	(28,384,385)	$	(69,864)

The weighted average amortization periods of the acquired in-place lease intangibles, above-market lease intangibles and below-market lease intangibles is 76 months.

The following table details the Company's future amortization of intangible assets:


For the year ended:	Amortization
2022	$	8,703,021
2023	4,270,057
2024	3,812,958
2025	3,292,453
2026	3,038,078
Thereafter	26,035,342
Total	$	49,151,909

The following table details the Company's future amortization of intangible liabilities:


For the year ended:	Amortization
2022	$	(1,333,347)
2023	(1,320,427)
2024	(1,320,427)
2025	(1,308,300)
2026	(1,501,879)
Thereafter	(21,600,005)
Total	$	(28,384,385)

F-21

6. Investments in Real Estate-Related Loans and Securities

The following table summarizes the components of investments in real estate-related loans and securities as of December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Real estate-related loans	$	35,563,370	$	49,750,971
Real estate-related securities	19,511,008		24,713,595
Total investments in real estate-related loans and securities	$	55,074,378	$	74,464,566

The following tables detail the Company's real estate-related loan investments as of December 31, 2021 and 2020:

As of December 31, 2021

Investment

Collateral

Interest Rate(1)

Maturity Date

Payment Terms(2)

Prior Liens

Face Amount

Unamortized Discount

Carrying Amount

IMC/AMC Bond Investment

International Markets Center
AmericasMart Atlanta

L+6.15%

December 2023

Principal due at maturity

$1.643 billion(3)

25,000,000

(163,601)

24,836,399

111 Montgomery(4)

The 111 Montgomery Street Condominium
Brooklyn, New York

L+7.00%

February 2024

Principal due at maturity

none

1,439,853

(91,409)

1,348,444

The Avery Senior Loan(4)

The Avery Condominium
San Francisco, California

L+7.30%

February 2024

Principal due at maturity

none

7,655,908

(65,170)

7,590,738

The Avery Mezzanine Loan(4)

The Avery Condominium
San Francisco, California

L+12.50%

February 2024

Principal due at maturity

$200.1 million(5)

1,802,408

(14,619)

1,787,789

35,898,169

(334,799)

35,563,370


(1)			The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021, one-month LIBOR was equal to 0.10%.
(2)			There are no delinquent principal or interest payments as of December 31, 2021.
(3)			The IMC / AMC Bond Investment is subordinate to a $1.15 billion first mortgage on properties owned by IMC and a $493 million first mortgage on properties owned by AMC.
(4)			The Company’s investment is held through its membership interest in an entity which aggregates the Company’s interest with interests held by other funds managed by the Sub-Adviser. The Company has been allocated its proportionate share of the loan based on its membership interest in the aggregating entity.
(5)			The Avery Mezzanine Loan is subordinate to an Oaktree first mortgage loan of $200.1 million.


						As of December 31, 2020
Investment	Collateral	Interest Rate(1)	Maturity Date	Payment Terms(2)	Prior Liens	Face Amount		Unamortized Discount		Carrying Amount
Atlantis Mezzanine Loan	Atlantis Paradise Island Resort	L+6.67%	July 2021	Principal due at maturity	$1.525 billion(5)	$	25,000,000	$	—	$	25,000,000
IMC/AMC Bond Investment	International Markets Center AmericasMart Atlanta	L+6.15%	December 2023	Principal due at maturity	$1.643 billion(3)	25,000,000		(249,029)		24,750,971
						$	50,000,000	$	(249,029)	$	49,750,971


(1)			The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2020, one-month LIBOR was equal to 0.14%.
(2)			There are no delinquent principal or interest payments as of December 31, 2021.
(3)			The IMC / AMC Bond Investment is subordinate to a $1.15 billion first mortgage on properties owned by IMC and a $493 million first mortgage on properties owned by AMC.
(4)			The Avery Mezzanine Loan is subordinate to an Oaktree first mortgage commitment of $200.1 million.
(5)			The Atlantis Mezzanine Loan is subordinate to a first mortgage loan of $1.20 billion and a $325 million senior mezzanine loan.

On November 24, 2021, the Company sold the Atlantis Mezzanine Loan to an affiliate of the Adviser for $24.9 million and recognized a loss of $62,500.

On February 2, 2021, the Company funded $4.1 million to acquire an interest in an entity that holds a first mortgage loan investment (the "Montgomery Loan") in the 111 Montgomery Condominium, a 156 unit condominium tower located in Brooklyn, New York. The Montgomery Loan is secured by the 111 Montgomery Condominium development and bears interest at a floating rate of 7.0% over the one-month LIBOR). During the year ended December 31, 2021, the Company received net repayments of $2.7 million.

On February 21, 2021, the Company funded $10.3 million to acquire an interest in an entity that holds a first mortgage loan investment (the "Avery Senior Loan") in the Avery Condominium, a 548 unit condominium and luxury apartment tower located in San Francisco, California. The Avery Senior Loan is secured by the Avery Condominium development and bears interest at a

F-22

floating rate of 7.3% over the one-month LIBOR. During the year ended December 31, 2021, the Company received net repayments of $2.6 million.

On February 21, 2021, the Company funded $2.3 million to acquire an interest in an entity that holds a mezzanine mortgage loan investment (the "Avery Mezzanine Loan") in the Avery Condominium, a 548 unit condominium and luxury apartment tower located in San Francisco, California. The Avery Mezzanine Loan is secured by the Avery Condominium development and bears interest at a floating rate of 12.5% over the one-month LIBOR. During the year ended December 31, 2021, the Company received net repayments of $0.5 million.

The following tables detail the Company's investments in real estate-related securities as of December 31, 2021 and December 31, 2020:


	December 31, 2021
Type of Security	Number of Positions	Weighted Average Coupon(1)	Weighted Average Maturity Date(2)	Face Amount		Cost Basis		Fair Value
CMBS	4	L+4.0%	February 2030	$	19,760,000	$	17,790,125	$	19,511,008
Total investments in real estate-related securities				$	19,760,000	$	17,790,125	$	19,511,008


	December 31, 2020
Type of Security	Number of Positions	Weighted Average Coupon(1)	Weighted Average Maturity Date(2)	Face Amount		Cost Basis		Fair Value
CMBS	8	L+2.8%	September 2036	$	25,841,000	$	21,670,668	$	24,713,595
Total investments in real estate-related securities				$	25,841,000	$	21,670,668	$	24,713,595


(1)			The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021 and 2020, one-month LIBOR was equal to 0.10% and 0.14% respectively. .Fixed rate CMBS real estate loans are reflected as a spread over the relevant floating benchmark rates for purposes of the weighted-averages.
(2)			Weighted average maturity date is based on the fully extended maturity date of the instruments.

During the year ended December 31, 2021, the Company recorded net unrealized gains and net realized gains on its real estate-related securities investments of $1.7 million and $2.0 million, respectively. During the year ended December 31, 2020, the Company recorded net unrealized gains and net realized gains on its real estate-related securities investments of $3.0 million and $0.1 million, respectively. Such amounts are recorded as components of Other income (expense) on the Company's Consolidated Statements of Operations.

F-23

7. Accounts and Other Receivables and Other Assets

The following table summarizes the components of accounts and other receivables and other assets as of December 31, 2021 and December 31, 2020:


Receivables	December 31, 2021		December 31, 2020
Accounts receivable	$	1,258,307	$	949,714
Straight-line rent receivable	2,252,699		1,954,662
Interest receivable	293,873		325,602
Allowance for doubtful accounts	(48,768)		(155,519)
Total accounts and other receivables, net	$	3,756,111	$	3,074,459

Other assets	December 31, 2021		December 31, 2020
Deposits	$	6,808,716	$	474,306
Prepaid expenses	2,181,765		545,441
Capitalized fees	13,292		—
Derivatives(1)	1,430,697		—
Interest rate cap	83,561		86,000
Total other assets	$	10,518,031	$	1,105,747


(1)			Represents an interest rate swap on the Two Liberty mortgage loan and a foreign currency swap related to the Company's non-U.S. investment. The notional amount of the interest rate swap is $33.8 million and the derivative expires in August 2024. Two Liberty receives a floating rate of one-month USD LIBOR and pays a fixed rate of 0.7225%. The notional amount of the foreign currency swap is £73.3 million GBP and the derivative settled in February 2022, at which time the Company entered into a three-month foreign currency swap at the same notional amount.

8. Accounts Payable, Accrued Expenses and Other Liabilities

The following table summarizes the components of accounts payable, accrued expenses and other liabilities as of December 31, 2021 and December 31, 2020:


	December 31, 2021		December 31, 2020
Real estate taxes payable	$	2,350,065	$	624,961
Accounts payable and accrued expenses	6,615,746		2,322,523
Prepaid rent	1,044,844		1,007,729
Accrued interest expense	509,213		326,586
Tenant security deposits	1,286,365		632,837
Derivative(1)	—		626,224
Distribution payable	2,822,987		768,521
Stock repurchases payable	1,593,971		—
Total accounts payable, accrued expenses and other liabilities	$	16,223,191	$	6,309,381


(1)			Represents an interest rate swap on the Two Liberty Center mortgage loan. The notional amount of the swap is $33.8 million and expires in August 2024. Two Liberty Center receives a floating rate of one-month USD LIBOR and pays a fixed rate of 0.7225%.

F-24

9. Mortgage Loans and Indebtedness

The following table summarizes the components of mortgage loans and indebtedness as of December 31, 2021 and December 31, 2020:


			Principal Balance as of
Indebtedness	Interest Rate(1)	Maturity Date	December 31, 2021		December 31, 2020
Anzio Apartments mortgage loan	L+1.59%	May 2029	$	44,400,000	$	44,400,000
Two Liberty Center mortgage loan	L+1.50%	August 2024	62,085,155		61,971,000
Ezlyn mortgage loan	3.38%	December 2026	—		53,040,000
Lakes at West Covina mortgage loan	L+1.55%	February 2025	25,603,855		25,202,380
Arbors of Las Colinas mortgage loan	SOFR+2.24%	January 2031	45,950,000		45,950,000
1110 Key Federal Hill mortgage loan	2.34%	October 2028	51,520,000		—
Domain mortgage loan(2)	SOFR+1.50%	December 2026	48,700,000		—
DreamWorks Animation Studios mortgage loan(3)	SOFR+1.65%	October 2022	214,750,000		—
Secured Credit Facility(2)(4)	L + 1.95%	November 2022	244,401,821		—
Affiliate Line of Credit	L + 2.25%	November 2022	105,000,000		—
Total indebtedness			842,410,831		230,563,380
Less: deferred financing costs, net			(3,617,611)		(1,376,424)
Total indebtedness, net			$	838,793,220	$	229,186,956


(1)			The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021 and 2020, one-month LIBOR was equal to 0.10% and 0.14%, respectively. The term "SOFR" refers to the Secured Overnight Financing Rate. As of December 31, 2021 and 2020, SOFR was 0.05% and 0.08%, respectively.
(2)			The Company assumed debt totaling $132.6 million in connection with the acquisition of Domain and The Burnham. The debt was refinanced in November 2021 with a $48.7 million mortgage loan secured by Domain and a $83.9 million borrowing on the Secured Credit Facility secured by The Burnham.
(3)			In March 2022, the Company repaid the $214.8 million mortgage loan and refinanced the property with a $212.2 million mortgage loan, which incurs interest at 3.20% and has a maturity date of March 2029.
(4)			As of December 31, 2021, borrowings on the Secured Credit Facility are secured by the following properties: The Burnham, Flats on Front, Verso Apartments, 8400 Westphalia Road, 6123-6227 Monroe Court, and McLane Distribution Center. The facility has a one-year extension option to November 9, 2023, subject to certain conditions.

The following table presents the future principal payments due under the Company's mortgage loans as of December 31, 2021:


Year	Amount
2022	$	564,151,821
2023	—
2024	62,085,155
2025	25,603,855
2026	48,700,000
Thereafter	141,870,000
Total	$	842,410,831

The mortgage loans and secured credit facility are subject to various financial and operational covenants. These covenants require the Company to maintain certain financial ratios, which may include leverage, debt yield, and debt service coverage, among others. As of December 31, 2021, the Company is in compliance with all of its loan covenants that could result in a default under such agreements. At Two Liberty Center, cash flows from the property are currently held in a restricted cash account due to a debt service coverage ratio requirement.

Mortgage loans

During the years ended December 31, 2021 and 2020, the Company financed $315.0 million and $71.2 million, respectively, in mortgage loans related to its property acquisitions, which were subject to customary terms and conditions. During the years

F-25

ended December 31, 2021 and 2020, the Company repaid $53.0 million and $0, respectively, of mortgage loans. The $53.0 million mortgage loan repayment related to the sale of the Ezlyn property.

Secured Credit Facility

In November 2021, the Company entered into a credit agreement with Citibank, N.A. (the "Secured Credit Facility") providing for a senior secured credit facility to be used for the acquisition or refinancing of properties. Borrowings on the Secured Credit Facility are secured by certain properties in our portfolio. The initial maximum aggregate principal amount of the facility was $250.0 million, which was increased to $400.0 million on December 31, 2021. The Secured Credit Facility expires on November 9, 2022, and has a one-year extension option to November 9, 2023, subject to certain conditions. Borrowings under the Secured Credit Facility bears interest at a rate of LIBOR plus 1.95%. As of December 31, 2021, there was $244.4 million of outstanding borrowings on the Secured Credit Facility

Affiliate Line of Credit

In November 2021, the Company entered into a revolving line of credit with an affiliate of Brookfield (the "Affiliate Line of Credit"), providing for a discretionary, unsecured, uncommitted credit facility in a maximum aggregate principal amount of $125.0 million. The credit agreement expires on November 2, 2022, subject to one-year extension options requiring the lender's approval. Borrowings under the credit agreement will bear interest at a rate of the then-current rate offered by a third-party lender for a similar product, or, if no such rate is available, LIBOR plus 2.25%. As of December 31, 2021, there was $105.0 million of outstanding borrowings on the Affiliate Line of Credit.

10. Related Party Transactions

Acquisition of Investments

On November 2, 2021, the Company acquired two multifamily properties and a 20% interest in a joint venture that owns an office property (the "Brookfield Portfolio") from an affiliate of Brookfield. The Company issued 2,088,833 shares of Class E common stock and 12,380,554 units in the Operating Partnership as consideration for the acquisitions. The aggregate consideration was $173.2 million, which was equal to the fair value of the net assets of the Brookfield Portfolio based on third-party appraisals of the properties.

Disposition of Investments

On November 2, 2021, the Company sold its interest in a multifamily property, Ezlyn, to an affiliate of the Oaktree Adviser for $105 million. The sale price was equal to the most recently appraised value from a third-party appraiser obtained by the Company in connection with determining the Company's NAV. The Company received net proceeds of $42.4 million, which consisted of $8.6 million of cash and a $33.8 million preferred equity interest in an affiliate of Oaktree. On December 31, 2021, the Company assigned $5.0 million of its preferred equity interest to the affiliate of the Oaktree Adviser for $5.0 million of cash. On January 18, 2022, the Company assigned its remaining $28.8 million preferred equity interest to the affiliate of the Oaktree Adviser for $28.8 million.

On November 26, 2021, the Company sold a real estate-related loan, Atlantis Mezzanine Loan, to an affiliate of Brookfield for $25 million. The sale price was equal to the most recently appraised value from a third-party appraiser obtained by the Company in connection with determining the Company's NAV.

Management Fee

The Adviser is entitled to an annual management fee equal to 1.25% of the Company’s NAV, payable monthly, as compensation for the services it provides to the Company. Prior to the Adviser Transition, the Oaktree Adviser was entitled to an annual management fee equal to 1.00% of the Company's NAV, payable monthly, as compensation for the services it provides to the Company. The Oaktree Adviser agreed to waive its management fee from December 6, 2019 through June 6, 2020. The management fee can be paid, at the Adviser’s election, in cash, or shares of the Company's common stock. To date, the Adviser, and previously the Oaktree Adviser, has elected to receive the management fee in shares of the Company’s common stock.

During the year ended December 31, 2021, management fees earned by our Adviser were $0.6 million. During the year ended December 31, 2021, management fees earned by the Oaktree Adviser were $2.0 million. During the year ended December 31, 2020, the Oaktree Adviser earned management fees of $1.2 million.

Performance Fee

Prior to the Adviser Transition, the Oaktree Adviser earned a performance fee based on the total return of the Company. Total return is defined as distributions paid or accrued plus the change in the Company’s NAV, adjusted for subscriptions and repurchases. Pursuant to the Oaktree Advisory Agreement, the performance fee was equal to 12.5% of the total return in excess

F-26

of a 5% total return (after recouping any loss carryforward amount), subject to a catch-up. The performance fee for 2021 became payable to the Oaktree Adviser on the effective date the Adviser Transition in accordance with the Oaktree Advisory Agreement.

During the year ended December 31, 2021, the Oaktree Adviser earned a performance fee of $5.1 million, which is recognized as performance fees in the the Company's Consolidated Statements of Operations. In December 2021, the Company issued the Oaktree Adviser 429,340 shares of Class I common stock as payment for the 2021 performance fee. Such Class I shares were issued at the NAV per unit as of November 2, 2021.

During the year ended December 31, 2020, the Oaktree Adviser earned a performance fee of $2.2 million, which is recognized as performance fees in the the Company's Consolidated Statements of Operations. In April 2021, the Company paid $2.2 million in cash as payment of the 2020 performance fee.

Performance Participation Allocation

Subsequent to the Adviser Transition, the Special Limited Partner, an affiliate of Brookfield, received a performance participation allocation from the Operating Partnership based on the total return of the Operating Partnership for the period November 3, 2021 through December 31, 2021. Total return is defined as distributions paid or accrued plus the change in the Company’s NAV, adjusted for subscriptions and repurchases. Under the Operating Partnership agreement, the annual total return will be allocated 100% to the Special Limited Partner only after the other unit holders have received a total return of 5% (after recouping any loss carryforward amount) and such allocation will continue until the allocation between the Special Limited Partner and all other Operating Partnership unit holders is equal to 12.5% and 87.5%, respectively. The allocation of the performance participation interest is ultimately determined at the end of each calendar year and will be paid in Operating Partnership units or cash, at the election of the Special Limited Partner.

During the year ended December 31, 2021, the Company recognized $2.3 million of performance participation allocation in the Company's Consolidated Statements of Operations. The 2021 performance participation became payable on December 31, 2021, and in March 2022 the Company caused the Operating Partnership to issue 186,362 Class E units in the Operating Partnership ("Class E OP Units") to the Special Limited Partner as payment for the 2021 performance participation allocation. Such Class E OP Units were issued at the NAV per unit as of December 31, 2021.

Sub-Adviser Agreements

The Adviser has engaged the Sub-Adviser, Oaktree Fund Advisors, LLC as our sub-adviser to (i) perform the functions related to selecting and managing the Liquidity Sleeve pursuant to a sub-advisory agreement (the "Liquidity Sleeve Sub-Advisory Agreement") and (ii) manage the Oaktree Option Investments pursuant to a separate sub-advisory agreement (the "Oaktree Assets Sub-Advisory Agreement" and together with the Liquidity Sleeve Sub-Advisory Agreement, the “Sub-Advisory Agreements”).

Pursuant to the Liquidity Sleeve Sub-Advisory Agreement, the Sub-Adviser provides services related to the acquisition, management and disposition of the Liquidity Sleeve in accordance with our investment objectives, strategy, guidelines, policies and limitations. Pursuant to the Oaktree Assets Sub-Advisory Agreement, the Sub-Adviser manages the Oaktree Option Investments. The fees paid to the Sub-Adviser pursuant to the Sub-Advisory Agreements will not be paid by us, but will instead be paid by the Adviser out of the management and performance fees that we pay to the Adviser. The Sub-Adviser performs its duties and will serve as a fiduciary under the Sub-Advisory Agreements.

The Sub-Adviser earns management and performance fees pursuant to the terms of the Sub-Adviser Agreement. These fees are paid by the Adviser out of the management fee and performance participation interest earned by the Advisor; therefore no management or performance fees related to the Sub-Advisory Agreements have been recognized in the accompanying Consolidated Statements of Operations .

Oaktree Line of Credit

On June 5, 2020, the Company entered into a line of credit (the “Oaktree Credit Agreement”) with Oaktree Fund GP I, L.P. (“Oaktree Lender”), an affiliate of Oaktree, providing for a discretionary, unsecured, uncommitted credit facility in a maximum aggregate principal amount of $125 million. The Oaktree Credit Agreement expired on June 30, 2021, subject to one-year extension options requiring Lender approval. Borrowings under the Oaktree Credit Agreement incurred interest at a rate of the then-current rate offered by a third-party lender, or, if no such rate is available, LIBOR plus 2.25%. The Oaktree Credit Agreement was terminated on November 2, 2021, the date of the Adviser Transition.

Broker-Dealer

The Company has engaged Brookfield Oaktree Wealth Solutions, LLC (the “Dealer Manager”), a registered broker dealer affiliated with the Adviser, as the dealer manager for the Current Offering. The Company accrues the full amount of the future stockholder servicing fees payable to the Dealer Manager for Class S, Class T, and Class D shares up to the 8.75% of gross

F-27

proceeds limit at the time such shares are sold. The Dealer Manager has entered into agreements with the selected dealers distributing the Company’s shares in the Offering, which provide, among other things, for the re-allowance of the full amount of the selling commissions and dealer manager fee and all or a portion of the stockholder servicing fees received by the Dealer Manager to such selected dealers.

Advanced Organization and Offering Costs

The Adviser has agreed to advance all of the Company's organization and offering expenses on its behalf (other than upfront selling commissions, dealer manager fees and stockholder servicing fees) through July 6, 2022. The Company will reimburse the Adviser for all such advanced expenses ratably over 60 months commencing July 6, 2022. We will reimburse the Adviser for any organization and offering expenses that it incurs on our behalf as and when incurred after July 6, 2022. As part of the Adviser Transition, the Adviser has acquired the Sub-Adviser’s receivable related to the organization and offering expenses previously incurred by the Sub-Adviser and is to be reimbursed therefor.

Brookfield Repurchase Agreement

An affiliate of Brookfield (the "Brookfield Investor") was issued shares of the Company's common stock and Class E OP Units in connection with its contribution of certain properties on November 2, 2021. The Company and the Operating Partnership have entered into a repurchase arrangement with the Brookfield Investor (the "Brookfield Repurchase Agreement") pursuant to which the Operating Partnership will offer to repurchase Class E OP Units from the Brookfield Investor at a price per unit equal to the most recently determined NAV per Class E OP Unit immediately prior to each repurchase. The Brookfield Investor has agreed to not seek repurchase of the Class E OP Units that it owns if doing so would bring the value of its equity holdings in the Company and the Operating Partnership below $50 million. In addition, the Brookfield Investor has agreed to hold all of the shares of common stock and Operating Partnership units that it received in consideration for the contribution of the Brookfield Portfolio until the earlier of (i) the first date that the Company's NAV reaches $1.5 billion and (ii) the date that is the third anniversary of November 2, 2021. Following such date, the Brookfield Investor may cause the Company to repurchase its shares and Operating Partnership units (above the $50 million minimum), in an amount equal to the sum of (a) the amount available under the Company's share repurchase plan’s 2% monthly and 5% quarterly caps (after accounting for third-party investor repurchases) and (b) 25% of the amount by which net proceeds from the Offering and the Company's private offerings of common stock for a given month exceed the amount of repurchases for such month pursuant to the Company's share repurchase plan. The Company will not effect any such repurchase during any month in which the full amount of all shares requested to be repurchased by third-party investors under the share repurchase plan is not repurchased. For the year ended December 31, 2021, the Company and the Operating Partnership did not repurchase any shares or Operating Partnership units from the Brookfield Investor as part of the Brookfield Repurchase Agreement.

Oaktree Repurchase Agreement

On September 11, 2019, the board of directors of the Company, including a majority of the independent directors, adopted an arrangement with the Oaktree Investor (the "Oaktree Repurchase Agreement") to repurchase any shares of the Company’s Class I common stock that Oaktree Investor, an affiliate of the Oaktree Adviser, acquired prior to the breaking of escrow in the Initial Public Offering. The board of directors approved the Oaktree Repurchase Agreement in recognition of the Oaktree Investor’s intent to subscribe for shares of the Company’s Class I common stock in an amount such that, together with all other subscriptions for the Company’s common stock, the escrow minimum offering amount would be satisfied. As of December 6, 2019, the Company satisfied the minimum offering requirement and the Company’s board of directors authorized the release of proceeds from escrow. As of such date, the escrow agent released gross proceeds of approximately $150.0 million (including approximately $86.9 million that was funded by the Oaktree Investor) to the Company in connection with the sale of shares of the Company’s common stock. Under the Oaktree Repurchase Agreement, subject to certain limitations, on the last calendar day of each month the Company will offer to repurchase shares of its common stock from the Oaktree Investor in an aggregate dollar amount (the “Monthly Repurchase Amount”) equal to (i) the net proceeds from new subscriptions that month less (ii) the aggregate repurchase price (excluding any amount of the aggregate repurchase price paid using cash flow from operations not used to pay distributions) of shares repurchased by the Company that month from investors pursuant to the Company’s existing share repurchase plan. In addition to the Monthly Repurchase Amount for the applicable month, the Company will offer to repurchase any Monthly Repurchase Amounts from prior months that have not yet been repurchased. The price per share for each repurchase from the Oaktree Investor will be the lesser of (a) the $10.00 per share initial cost of the shares and (b) the transaction price in effect for the Class I shares at the time of repurchase. The repurchase arrangement is not subject to any time limit and will continue until the Company has repurchased all of the Oaktree Investor’s shares. During the years ended December 31, 2021 and 2020, the Company repurchased 6,186,397 shares for $61.9 million and 2,521,620 shares for $25.2 million, respectively, from the Oaktree Investor. As of December 31, 2021, the Oaktree Investor did not hold any shares of common stock.

F-28

Option Investment Purchase Agreement

The Company entered into an Option Investments Purchase Agreement with Oaktree on November 2, 2021, pursuant to which Oaktree will have the right to purchase the Operating Partnership’s entire interest in four properties (Anzio Apartments, Arbors of Las Colinas, Two Liberty Center, and Lakes at West Covina), four real estate-related loan investments (IMC/AMC Bond Investment, 111 Montgomery, The Avery Senior Loan, The Avery Mezzanine Loan), and one real estate-related security investment (BX 2019 IMC G). Oaktree will have the right to purchase these investments for a period of 12 months following the earlier of (i) 18 months after November 2, 2021, the date of completion of the Adviser Transition, and (ii) the date on which the Company notifies Oaktree that it has issued in the aggregate $1 billion of our common stock to non-affiliates since November 2, 2021, at a price equal to the fair value of the applicable Option Investments, as determined in connection with the Company's most recently determined NAV immediately prior to the closing of such purchase. As of December 31, 2021, the conditions to commence the option period have not occurred.

Brookfield Subscription Agreement

Affiliate Service Provider Expenses

The Company may retain certain of the Adviser’s affiliates for necessary services relating to the Company’s investments or its operations, including any administrative services, construction, special servicing, leasing, development, property oversight and other property management services, as well as services related to group purchasing, healthcare, consulting/brokerage, capital markets/credit origination, loan servicing, property, title and/or other types of insurance, management consulting and other similar operational matters. Any such arrangements will be at market terms and rates.

The Company has engaged Brookfield Properties, an affiliate of Brookfield, to provide operational services (including, without limitation, property management, construction and project management and leasing) and corporate support services (including, without limitation, accounting and administrative services) for the Company. During the year ended December 31, 2021, the Company incurred $628,166 of expenses in connection with the services provided by Brookfield Properties. There were no services provided by Brookfield Properties to the Company for the year ended December 31, 2020.

Captive Insurance Company

BPG Bermuda Insurance Limited ("BAM Insurance Captive"), a Brookfield affiliate, provides multifamily property and liability insurance for certain of the Company's multifamily properties. During the year ended December 31, 2021, the Company paid BAM Insurance Captive $15,367 for insurance premiums at two multifamily properties. There were no premiums paid to BAM Insurance Captive for the year ended December 31, 2020.

Affiliate Title Service Provider

Horizon Land Services (“Horizon”), a Brookfield affiliate, provides title insurance for certain of our properties. Horizon acts as an agent for one or more underwriters in issuing title policies and/or providing support services in connection with investments by the Company. During the year ended December 31, 2021, the Company paid Horizon $65,649 for title services for three properties. There were no services provided by Horizon to the Company for the year ended December 31, 2020.

F-29

Due to Affiliates

The following table details the components of due to affiliates:


	December 31, 2021		December 31, 2020
Accrued stockholder servicing fee	$	14,219,258	$	—
Stock repurchase payable to Oaktree Adviser for management and performance fees	6,682,115		2,648,988
Advanced organization and offering costs	12,022,148		6,674,675
Accrued performance fee	—		2,415,783
Accrued performance participation allocation	2,345,920		—
Accrued management fee	620,706		384,013

Total	$	35,890,147	$	12,123,459

11. Stockholders’ Equity and Redeemable Non-controlling Interests

Authorized Capital

On April 30, 2018, the SEC declared effective the Company’s registration statement on Form S-11 for the Previous Offering. On November 2, 2021, the SEC declared effective the Company’s registration statement on Form S-11 (File No. 333-255557) for the Current Offering of up to $6,000,000,000 in shares in its primary offering and up to $1,500,000,000 in shares pursuant to its distribution reinvestment plan. The Previous Offering terminated upon the commencement of the Current Offering. Pursuant to the Current Offering, the Company is offering to sell any combination of four classes of shares of its common stock, Class T shares, Class S shares, Class D shares and Class I shares, with a dollar value up to the maximum offering amount. The share classes have different upfront selling commissions and ongoing stockholder servicing fees. The Company is also offering Class C and Class E shares in a private offering. Other than the differences in upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees, each class of common stock has the same economic and voting rights.


Classification	No. of Authorized Shares	Par Value Per Share
Preferred stock	50,000,000	$	0.01
Class T common stock	225,000,000	$	0.01
Class S common stock	225,000,000	$	0.01
Class D common stock	100,000,000	$	0.01
Class C common stock	100,000,000	$	0.01
Class E common stock	100,000,000	$	0.00
Class I common stock	250,000,000	$	0.01
	1,050,000,000

F-30

Table of Contents

Common Stock

The following tables detail the movement in the Company's outstanding shares of common stock:


	Class S	Class I	Class C	Class E	Total
January 1, 2019	—	20,000	—	—	20,000
Common stock issued	5,851,600	9,118,617	—	—	14,970,217
Independent directors' restricted stock vested	—	7,000	—	—	7,000
December 31, 2019	5,851,600	9,145,617	—	—	14,997,217

Common stock issued	7,040,896	759,820	—	—	7,800,716
Distribution reinvestment	205,798	9,763	—	—	215,561
Independent directors' restricted stock vested	—	5,749	—	—	5,749
Common stock issued for management fees	—	78,022	—	—	78,022
Repurchases of common stock	(65,644)	(2,521,620)	—	—	(2,587,264)
December 31, 2020	13,032,650	7,477,351	—	—	20,510,001

Common stock issued	7,145,670	1,579,963	1,644,303	2,088,834	12,458,770
Distribution reinvestment	432,420	34,585	—	9,137	476,142
Independent directors' restricted stock vested	—	13,415	—	—	13,415
Common stock issued for management fees	—	216,793	—	—	216,793
Common stock issued for performance fees	—	429,340	—	—	429,340
Repurchases of common stock	(564,965)	(6,926,239)	—	—	(7,491,204)
December 31, 2021	20,045,775	2,825,208	1,644,303	2,097,971	26,613,257

As of December 31, 2021, no Class T or Class D shares had been issued.

F-31

Table of Contents

Distributions

The following table details the net distributions declared for each of our share classes as of December 31, 2021:


Declaration Date	Class S Shares		Class I Shares		Class C Shares		Class E Shares		Class T Shares		Class D Shares
December 31, 2019	$	0.0189	$	0.0250	$	—	$	—	$	—	$	—
January 30, 2020	0.0222		0.0294		—		—		—		—
February 27, 2020	0.0272		0.0341		—		—		—		—
March 30, 2020	0.0267		0.0341		—		—		—		—
April 30, 2020	0.0272		0.0344		—		—		—		—
May 29, 2020	0.0288		0.0361		—		—		—		—
June 30, 2020	0.0293		0.0365		—		—		—		—
July 30, 2020	0.0291		0.0365		—		—		—		—
August 28, 2020	0.0293		0.0367		—		—		—		—
September 29, 2020	0.0295		0.0367		—		—		—		—
October 29, 2020	0.0294		0.0369		—		—		—		—
November 25, 2020	0.0320		0.0392		—		—		—		—
December 30, 2020	0.0342		0.0417		—		—		—		—
January 28, 2021	0.0344		0.0420		—		—		—		—
February 25, 2021	0.0352		0.0420		—		—		—		—
March 30, 2021	0.0346		0.0422		0.0422		—		—		—
April 29, 2021	0.0348		0.0422		0.0422		—		—		—
May 27, 2021	0.0350		0.0427		0.0427		—		—		—
June 29, 2021	0.0355		0.0430		0.0430		—		—		—
July 29, 2021	0.0355		0.0433		0.0433		—		—		—
August 30, 2021	0.0358		0.0435		0.0435		—		—		—
September 29, 2021	0.0367		0.0443		0.0443		—		—		—
October 28, 2021	0.0391		0.0474		0.0474		—		—		—
November 29, 2021	0.0443		0.0524		0.0524		0.0524		—		—
December 29, 2021	0.0454		0.0539		0.0539		0.0539		—		—
Total	$	0.8101	$	0.9962	$	0.4549	$	0.1063	$	—	$	—

Distribution Reinvestment Plan

The Company has adopted a distribution reinvestment plan whereby stockholders (other than Alabama, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nebraska, New Jersey, North Carolina, Ohio, Oregon, Vermont and Washington investors) will have their cash distributions automatically reinvested in additional shares of common stock unless they elect to receive their distributions in cash. Alabama, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nebraska, New Jersey, North Carolina, Ohio, Oregon, Vermont and Washington investors will automatically receive their distributions in cash unless they elect to have their cash distributions reinvested in additional shares of the Company’s common stock. The per share purchase price for shares purchased pursuant to the distribution reinvestment plan will be equal to the offering price before upfront selling commissions and dealer manager fees (the “transaction price”) at the time the distribution is payable, which will generally be equal to the Company’s prior month’s NAV per share for that share class. Stockholders will not pay upfront selling commissions or dealer manager fees when purchasing shares pursuant to the distribution reinvestment plan. The stockholder servicing fees with respect to shares of the Company’s Class T shares, Class S shares and Class D shares are calculated based

F-32

Table of Contents

on the NAV for those shares and may reduce the NAV or, alternatively, the distributions payable with respect to shares of each such class, including shares issued in respect of distributions on such shares under the distribution reinvestment plan. During the years ended December 31, 2021 and 2020, the Company reinvested $5.2 million and $2.2 million of distributions for 215,561 and 476,142 shares of common stock, respectively. There were no distributions reinvested during the year ended December 31, 2019.

Non-controlling Interests Attributable to Preferred Shareholders

Certain subsidiaries of the Company have elected to be treated as REITs for U.S. federal income tax purpose. These subsidiaries have issued preferred non-voting shares to be held by investors to ensure compliance with the Code requirement that REITs have at least 100 shareholders. The preferred shares have a price of $1,000 and carry a 12.5% annual dividend payable annually. As of December 31, 2021, there were $375,000 of preferred non-voting shares outstanding.

Redeemable Non-controlling Interest

The Brookfield Investor holds Class E OP Units in connection with its contribution of certain properties on November 2, 2021, and a subsequent cash contribution to the Operating Partnership. Because the Brookfield Investor has the ability to redeem its Class E OP Units for Class E shares or cash, subject to certain restrictions, the Company has classified these Class E OP Units as Redeemable non-controlling interest in mezzanine equity on the Company’s Consolidated Balance Sheets. The Redeemable non-controlling interest is recorded at the greater of the carrying amount, adjusted for its share of the allocation of income or loss and dividends, or the redemption value, which is equivalent to fair value, of such units at the end of each measurement period. As the redemption value was greater than the adjusted carrying value at December 31, 2021, the Company recorded an allocation adjustment of $5.2 million between Additional paid-in capital and Redeemable non-controlling interest.

The following table summarizes the Redeemable non-controlling interest activity for the year ended December 31, 2021. There were no Redeemable non-controlling interests for the year ended December 31, 2020:


	December 31, 2021
Balance at beginning of the year	$	—
Limited Partner Asset Contributions	148,175,420
Limited Partner Cash Contribution	45,000,000
Repurchases	—
GAAP Income Allocation	2,577,946
Distributions	(1,521,446)
Distributions Reinvested	648,741
Fair Value Allocation	5,205,194
Balance at the end of the year	$	200,085,855

Share Repurchase Plan

The Company has adopted a share repurchase plan, whereby on a monthly basis, stockholders may request that the Company repurchase all or any portion of their shares. The Company may choose to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any particular month, in its discretion, subject to any limitations in the share repurchase plan. The total amount of aggregate repurchases of Class T, Class S, Class D, and Class I shares will be limited to 2% of the aggregate NAV per month and 5% of the aggregate NAV per calendar quarter. Shares would be repurchased at a price equal to the transaction price on the applicable repurchase date, subject to any early repurchase deduction. Shares that have not been outstanding for at least one year would be repurchased at 95% of the transaction price. Due to the illiquid nature of investments in real estate, the Company may not have sufficient liquid resources to fund repurchase requests and has established limitations on the amount of funds the Company may use for repurchases during any calendar month and quarter. Further, the Company’s board of directors may modify or suspend the share repurchase plan.

During the years ended December 31, 2021, 2020 and 2019, the Company repurchased 7,491,201 and 2,587,264 shares of common stock representing a total of $76,925,368 and $25,854,887, respectively. During the years ended December 31, 2021 and 2020, the Company repurchased 6,186,397 and 2,521,620 shares of common stock representing a total of $61.9 million and $25.2 million, respectively, from the Oaktree Investor pursuant to the Oaktree Repurchase Agreement. The Company did not repurchase any shares of common stock during the year ended December 31, 2019. The Company had no unfulfilled repurchase requests during the years ended December 31, 2021 and 2020.

F-33

Table of Contents

12. Commitments and Contingencies

From time to time, the Company may be involved in various claims and legal actions arising in the ordinary course of business. As of December 31, 2021, the Company is not subject to any material litigation nor is the Company aware of any material litigation threatened against it.

13. Five Year Minimum Rental Payments

The following table details the undiscounted future minimum rents the Company expects to receive for its logistics, alternative, and office properties as of December 31, 2021. The table below excludes our multifamily and single family rental properties as substantially all leases are shorter term in nature.


Year	Future Minimum Rents
2022	$	29,458,056
2023	29,539,552
2024	26,399,968
2025	25,268,495
2026	22,583,615
Thereafter	153,156,778
Total	$	286,406,464

14. Segment Reporting

The Company operates in six reportable segments: multifamily, office, logistics, alternatives, investments in unconsolidated entities and real estate-related loans and securities. The Company allocates resources and evaluates results based on the performance of each segment individually. The Company believes that segment net operating income is the key performance metric that captures the unique operating characteristics of each segment.

The following table sets forth the total assets by segment:


	December 31, 2021		December 31, 2020
Multifamily	$	583,308,458	$	204,408,015
Office	126,966,165		134,521,921
Logistics	74,038,737		—
Alternatives	332,796,506		—
Investments in unconsolidated entities	129,671,086		—
Real estate-related loans and securities	55,074,378		74,464,566
Other (Corporate)	72,858,109		27,479,107
Total assets	$	1,374,713,439	$	440,873,609

F-34

Table of Contents

The following table sets forth the financial results by segment for the year ended December 31, 2021:


	Multifamily		Office		Logistics		Alternatives		Investments in unconsolidated entities		Real estate-related loans and securities		Total
Revenues:
Rental revenues	$	21,179,913	$	12,470,952	$	418,694	$	717,542	$	—	$	—	$	34,787,101
Other revenues	1,983,134		607,709		—		—		—		—		2,590,843
Total revenues	23,163,047		13,078,661		418,694		717,542		—		—		37,377,944

Expenses:
Rental property operating	9,707,493		5,494,996		147,828		114,579		—		—		15,464,896
Total expenses	9,707,493		5,494,996		147,828		114,579		—		—		15,464,896
Segment net operating income	$	13,455,554	$	7,583,665	$	270,866	$	602,963	$	—	$	—	$	21,913,048

Income from real estate-related loans and securities	$	—	$	—	$	—	$	—	$	—	$	5,442,640	$	5,442,640
Realized gain on real estate investments	19,590,194		—		—		—		—		1,902,466		21,492,660
Unrealized gain on investments	—		—		—		—		1,658,118		178,933		1,837,051
Depreciation and amortization	10,258,624		7,231,085		479,640		400,421		—		—		18,369,770
General and administrative expenses													7,057,292
Organizational costs													3,459,158
Management fee													2,650,543
Performance fee													5,143,197
Performance participation allocation													2,345,920
Interest expense													6,758,138

Net income													4,901,381
Net income attributable to non-controlling interests													(2,395,280)
Net income attributable to stockholders													$	2,506,101

F-35

Table of Contents

The following table sets forth the financial results by segment for the year ended December 31, 2020:


	Multifamily		Office		Real estate-related loans and securities		Total
Revenues:
Rental revenues	$	11,681,669	$	12,463,543	$	—	$	24,145,212
Other revenues	496,052		645,006		—		1,141,058
Total revenues	12,177,721		13,108,549		—		25,286,270

Expenses:
Rental property operating	4,859,445		5,351,792		—		10,211,237
Total expenses	4,859,445		5,351,792		—		10,211,237
Segment net operating income	$	7,318,276	$	7,756,757	$	—	$	15,075,033

Income from real estate-related loans and securities	$	—	$	—	$	4,908,074	$	4,908,074
Realized gain on investments	—		—		144,484		144,484
Unrealized (loss) gain on investments	—		(626,224)		3,042,927		2,416,703
Depreciation and amortization	6,372,127		7,108,886		—		13,481,013
General and administrative expenses							3,473,954
Management fee							1,170,717
Performance fee							2,215,134

Interest expense							4,948,496
Net loss							(2,745,020)
Net loss attributable to non-controlling interests							307,169
Net loss attributable to stockholders							$	(2,437,851)

F-36

Table of Contents

The following table sets forth the financial results by segment for the year ended December 31, 2019:


	Multifamily		Office		Real estate-related loans and securities		Total
Revenues:
Rental revenues	$	4,245,057	$	2,883,152	$	—	$	7,128,209
Other revenues	164,948		246,750		—		411,698
Total revenues	4,410,005		3,129,902		—		7,539,907

Expenses:
Rental property operating	2,009,938		1,061,828		—		3,071,766
Total expenses	2,009,938		1,061,828		—		3,071,766
Segment net operating income	$	2,400,067	$	2,068,074	$	—	$	4,468,141

Income from real estate-related loans	$	—	$	—	$	2,305,721	$	2,305,721
Depreciation and amortization	3,381,811		1,630,448		—		5,012,259
General and administrative expenses							1,616,252
Management fee							—
Performance fee							200,649
Organizational expenses							885,061
Interest expense							4,048,089
Net loss							(4,988,448)
Net loss attributable to non-controlling interests							265,570
Net loss attributable to stockholders							$	(4,722,878)

F-37

Table of Contents

15. Subsequent Events

The Company has evaluated events from December 31, 2021 through the date the financial statements were issued.

Acquisitions

•The Company acquired two multifamily and two logistics properties for $264.2 million, exclusive of closing costs.

Financings

•The Company borrowed $105.3 million on the Secured Credit Facility in connection with acquisitions.

•The Company closed on a term loan secured by five multifamily properties for $372.8 million. The term loan has a term of five years and incurs interest at a rate of SOFR + 1.70%. In connection with the financing, the Company repaid $256.9 million of borrowings on the Secured Credit Facility.

•The Company closed on a $212.2 million mortgage loan secured by DreamWorks Animation Studios. The mortgage loan has a term of seven years and incurs interest at a fixed rate of 3.20%. In connection with the financing, the Company repaid the existing $214.8 million mortgage loan secured by the property.

•The Company increased the capacity of the Secured Credit Facility to $500.0 million.

Changes to Performance Fee

•The Company amended the Advisory Agreement and the Operating Partnership agreement to provide for the payment of a performance fee to the Advisor and eliminate the Performance Participation Allocation. The changes are effective January 1, 2022. The Company also amended the Oaktree Assets Sub-Advisory Agreement and the Brookfield Repurchase Arrangement to reflect such change.

Amendment to Our Charter

On January 7, 2022, we filed a Third Articles of Amendment with the State Department of Assessments and Taxation of Maryland to change the par value of our shares of Class E common stock from $0.01 par value per share to no par value per share.

Status of the Offering

As of March 31, 2022, the Company has sold an aggregate of 34,625,036 shares of its common stock (consisting of 24,708,294 Class S shares, 3,916,110 Class I shares, 3,479,275 Class C shares and 2,521,357 Class E shares) in the Offering resulting in net proceeds of $379,629,994 to the Company as payment for such shares.

F-38

Table of Contents

Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2021


					Initial Cost				Costs Capitalized Subsequent to Acquisition				Gross Amounts at which Carried at the Close of Period
Description	Location		Encumbrances		Land and Land Improvements		Building and Building Improvements		Land and Land Improvements		Building and Building Improvements		Land and Land Improvements		Building and Building Improvements		Total		Accumulated Depreciation		Year Built	Year Acquired	Depreciable Lives(1)
Multifamily properties:
Anzio Apartments	Atlanta, GA		$	44,400,000	$	6,105,370	$	50,790,146	$	345,809	$	1,557,718	$	6,451,179	$	52,347,864	$	58,799,043	$	(5,760,528)	1986	2019	(1)
Arbors of Las Colinas	Dallas, TX		45,950,000		16,315,398		44,885,252		427,948		698,663		16,743,346		45,583,915		62,327,261		(1,613,317)		1984	2020	(1)
1110 Key Federal Hill	Baltimore, MD		51,520,000		10,309,649		61,907,837		5,355		95,588		10,315,004		62,003,425		72,318,428		(531,795)		2019	2021	(1)
Domain	Orlando, FL		48,700,000		10,510,782		61,750,846		—		—		10,510,782		61,750,846		72,261,628		(253,630)		2017	2021	(1)
The Burnham	Nashville, TN	(2)	—		14,151,352		111,518,263		—		96,241		14,151,352		111,614,504		125,765,856		(390,074)		2017	2021	(1)
Flats on Front	Wilmington , NC	(2)	—		6,476,446		88,837,297		51,420		—		6,527,866		88,837,297		95,365,163		(71,172)		2021	2021	(1)
Verso	Beaverton, OR	(2)	—		8,100,316		61,138,573		—		—		8,100,316		61,138,573		69,238,889		(43,854)		2021	2021	(1)
Total Multifamily Properties			$	190,570,000	$	71,969,313	$	480,828,214	$	830,532	$	2,448,210	$	72,799,845	$	483,276,424	$	556,076,268	$	(8,664,370)

Logistics properties:
6227 Monroe Ct	Chicago, IL	(2)	$	—	$	5,624,892	$	9,803,819	$	—	$	—	$	5,624,892	$	9,803,820	$	15,428,712	$	(77,678)	1968	2021	(1)
8400 Westphalia	Upper Marlboro, MD	(2)	—		11,676,176		17,160,777		—		—		11,676,176		17,160,777		28,836,953		(129,067)		2005	2021	(1)
McLane Distribution Facility	Lakeland, FL	(2)	—		3,216,758		22,039,177		—		—		3,216,758		22,039,178		25,255,936		(148,352)		1973	2021	(1)
Total Logistics Properties			$	—	$	20,517,826	$	49,003,773	$	—	$	—	$	20,517,826	$	49,003,775	$	69,521,601	$	(355,097)

Office properties:
Two Liberty Center	Arlington, VA		$	62,085,155	$	3,074,700	$	84,040,343	$	—	$	—	$	3,074,700	$	84,040,343	$	87,115,043	$	(6,654,930)	2007	2019	(1)
Lakes at West Covina	Los Angeles, CA		25,603,855		4,414,576		31,012,815		—		827,178		4,414,576		31,839,992		36,254,568		(3,403,951)		1990	2020	(1)
Total Office Properties			$	87,689,010	$	7,489,276	$	115,053,158	$	—	$	827,178	$	7,489,276	$	115,880,335	$	123,369,611	$	(10,058,881)

Alternative properties:

DreamWorks Animation Studios	Glendale, CA		$	214,750,000	$	74,803,322	$	247,834,601	$	—	$	—	$	74,803,323	$	247,834,601	$	322,637,924	$	(295,440)	1997	2021	(1)
Single Family Rental Portfolio	Various		—		737,775		3,102,153		—		605		737,775		3,102,758		3,840,532		—		Various	Various	(1)
Total Alternative Properties			$	214,750,000	$	75,541,097	$	250,936,754	$	—	$	605	$	75,541,098	$	250,937,359	$	326,478,456	$	(295,440)
Portfolio Total			$	493,009,010	$	175,517,512	$	895,821,899	$	830,532	$	3,275,993	$	176,348,045	$	899,097,893	$	1,075,445,936	$	(19,373,788)


(1)			Refer to Note 2 of the Consolidated Financial Statements for details of depreciable lives.
(2)			These properties secure a $244.4 million balance on a secured credit facility.

F-39

Table of Contents

Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2021 - Continued

The total included on Schedule III does not include furniture, fixtures and equipment totaling $10.1 million. Accumulated depreciation does not include $1.3 million of accumulated depreciation related to furniture, fixtures and equipment.

The following table summarizes activity for real estate and accumulated depreciation for the years ended December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Real Estate:
Balance at the beginning of the year	$	325,093,990	$	226,209,568
Additions during the year:
Land and land improvements	145,607,469		20,729,974
Building and building improvements	684,635,995		78,154,448
Dispositions during the year:
Land and land improvements	(12,502,979)		—
Building and building improvements	(67,388,539)		—
Balance at the end of the year	$	1,075,445,936	$	325,093,990

Accumulated Depreciation:
Balance at the beginning of the year	$	(11,590,454)	$	(1,844,854)
Accumulated depreciation	(12,406,086)		(9,745,600)
Dispositions	4,622,752		—
Balance at the end of the year	$	(19,373,788)	$	(11,590,454)

F-40

Exhibit 21.1

Subsidiaries of the Registrant


Entity			Country/State of Formation
Brookfield REIT OP GP LLC			Delaware
Brookfield REIT Operating Partnership L.P.			Delaware
Brookfield REIT Parent Holdings LLC			Delaware
Brookfield REIT Parent TRS LLC			Delaware
Brookfield REIT Finco GP LLC			Delaware
Brookfield REIT Facility Holdings LLC			Delaware
Brookfield REIT Logistics Holdings LLC			Delaware
Dover Street Grand Avenue Partners TRS, LLC			Delaware
Dover Street Grand Avenue Partners, LLC			Delaware
Brookfield REIT Finco L.P.			Cayman Islands
Brookfield REIT Office Holdings LLC			Delaware
BNTR Burbank Holdings LLC			Delaware
Brookfield REIT MF Holdings LLC			Delaware
BOP Nest Domain LLC			Delaware
BOP Nest Nashville LLC			Delaware
Federal Hill Apartments GAP, LLC			Delaware
Federal Hill Apartments GAP, TRS LLC			Delaware
Federal Hill Apartments Property Owner, LLC			Delaware
Flats on Front LLC			Delaware
BNTR SSW Propco LLC			Delaware
BNTR Verso Propco LLC			Delaware
Brookfield REIT Lux S.à r.l.			Luxembourg
Brookfield REIT SFR Holdings LLC			Delaware
BNTR SFR Upper Vehicle LLC			Delaware
BNTR SFR Lower Vehicle LLC			Delaware
BNTR SFR Owner LLC			Delaware
BNTR SFR TRS LLC			Delaware
The Lakes Grand Avenue Partners, LLC			Delaware
The Lakes Grand Avenue Partners TRS, LLC			Delaware
Oaktree Segregated REIT Vehicle 1, LLC			Delaware
Oaktree Segregated Debt Vehicle, LLC			Delaware
Brookfield REIT Liquid Holdings LLC			Delaware
Lakes Property Owner JV LLC			Delaware
Lakes Property Owner LLC			Delaware
Arbors and Anzio Apartments REIT, LLC			Delaware
Tru MF Grand Avenue Partners II, LLC			Delaware
Tru MF Grand Avenue Partners II TRS, LLC			Delaware
Tru MF Venture II LLC			Delaware


Sweetwater Fee Owner LLC			Delaware
San Jacinto Fee Owner LLC			Delaware
Two Liberty Center REIT LLC			Delaware
Two Liberty Center Grand Avenue Partners, LLC			Delaware
Two Liberty Center LLC			Delaware
Two Liberty Center Owner LLC			Delaware
Avery Grand Avenue Partners, LLC			Delaware
111 Montgomery GAP REIT Member, LLC			Delaware
111 Montgomery GAP, LLC			Delaware
Furniture Markets REIT TL, LLC			Delaware
Markets Term Loan Grand Avenue Partners, LLC			Delaware
Markets GAP Term Loan Lender LLC			Delaware
BNTR 6123-6227 Monroe Court LLC			Delaware
BNTR Logistics Acquisitions LLC			Delaware
BNTR 2929 Old Tampa LLC			Delaware
BNTR 8400 Westphalia Road LLC			Delaware
BNTR 187 Bartram PKWY Holdings LLC			Delaware
BNTR 2003 Beaver Road LLC			Delaware
Avery GAP REIT Member, LLC			Delaware

Exhibit 31.1

CERTIFICATION

PURSUANT TO 17 CFR 240.13a-14

PROMULGATED UNDER

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Zachary B. Vaughan, certify that:

1.I have reviewed this annual report on Form 10-K (the “report”) of Brookfield Real Estate Income Trust, Inc. (the “registrant”);

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: March 31, 2022


/s/ Zachary B. Vaughan
Zachary B. Vaughan
Chief Executive Officer

Exhibit 31.2

CERTIFICATION

PURSUANT TO 17 CFR 240.13a-14

PROMULGATED UNDER

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Dana E. Petitto, certify that:

1.I have reviewed this annual report on Form 10-K (the “report”) of Brookfield Real Estate Income Trust, Inc. (the “registrant”);

b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: March 31, 2022


/s/ Dana E. Petitto
Dana E. Petitto
Chief Financial Officer

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Brookfield Real Estate Income Trust, Inc. (the “Company”) on Form 10-K for the year ended December 31, 2021 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Zachary B. Vaughan, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


			1			The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


			2			The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


/s/ Zachary B. Vaughan
Zachary B. Vaughan
Chief Executive Officer
March 31, 2022

This certification accompanies each Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

A signed original of this written statement required by Section 906 has been provided by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Brookfield Real Estate Income Trust, Inc. (the “Company”) on Form 10-K for the year ended December 31, 2021 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Dana E. Petitto, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


			1			The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


			2			The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



/s/ Dana E. Petitto
Dana E. Petitto
Chief Financial Officer

March 31, 2022

v3.22.1

Document and Entity Information - USD ($)
12 Months Ended

Dec. 31, 2021

Mar. 30, 2022

Document Information [Line Items]

Document Type 10-K

Document Annual Report true

Document Period End Date Dec. 31, 2021

Current Fiscal Year End Date --12-31

Document Transition Report false

Entity File Number 333-255557

Entity Registrant Name Brookfield Real Estate Income Trust Inc.

Entity Incorporation, State or Country Code MD

Entity Tax Identification Number 82-2365593

Entity Address, Address Line One 250 Vesey Street

Entity Address, Address Line Two 15th Floor

Entity Address, City or Town New York

Entity Address, State or Province NY

Entity Address, Postal Zip Code 10281

City Area Code 212

Local Phone Number 417-7000

Entity Well-known Seasoned Issuer No

Entity Voluntary Filers No

Entity Current Reporting Status Yes

Entity Interactive Data Current Yes

Entity Filer Category Non-accelerated Filer

Entity Small Business false

Entity Emerging Growth Company true

Entity Ex Transition Period false

ICFR Auditor Attestation Flag true

Entity Shell Company false

Documents Incorporated by Reference Part III of this annual report on Form 10-K incorporates information by reference from the registrant’s definitive proxy statement with respect to its 2022 annual meeting of stockholders to be filed with the Securities and Exchange Commission within 120 days after the close of the registrant’s fiscal year.

Document Fiscal Year Focus 2021

Document Fiscal Period Focus FY

Entity Central Index Key 0001713407

Entity Public Float $ 0

Amendment Flag false

Class I common stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 3,916,110

Common Stock Class S

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 24,708,294

Class C common stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 3,479,275

Class E common stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 2,521,357

v3.22.1

Audit Information
12 Months Ended

Dec. 31, 2021

Audit Information [Abstract]

Auditor Name Deloitte & Touche LLP

Auditor Location New York, New York

Auditor Firm ID 34

v3.22.1

Consolidated Balance Sheets - USD ($)

Dec. 31, 2021

Dec. 31, 2020

Assets [Abstract]

Real Estate Investments, Net $ 1,065,758,310 $ 315,308,436

Investments in unconsolidated entities 129,671,086 0

Intangible assets, net 49,151,909 10,901,176

Cash and cash equivalents 29,988,565 32,740,150

Restricted cash 30,795,049

Accounts and other receivables, net 3,756,111 3,074,459

Other assets 10,518,031 1,105,747

Total Assets 1,374,713,439 440,873,609

Liabilities and Equity [Abstract]

Mortgage loans and secured credit facility, net 733,793,220 229,186,956

Unsecured revolving credit facility 105,000,000 0

Due to affiliates 35,890,147 12,123,459

Intangible liabilities, net 28,384,385 69,864

Accounts payable, accrued expenses and other liabilities 16,223,191 6,309,381

Subscriptions received in advance 24,380,740 0

Total Liabilities 943,671,683 247,689,660

Commitments and Contingencies 0 0

Redeemable non-controlling interests attributable to OP unitholders 200,085,855 0

Stockholders' Equity Attributable to Parent [Abstract]

Preferred Stock, Value, Issued 0 0

Additional paid-in capital 249,426,060 200,440,567

Accumulated deficit (23,608,973) (15,179,566)

Total Stockholders’ Equity 226,062,240 185,466,100

Non-controlling interests attributable to third party joint ventures 4,518,661 7,717,849

Non-controlling interests attributable to preferred stockholders 375,000 0

Total Equity 230,955,901 193,183,949

Total Liabilities and Stockholders' Equity 1,374,713,439 440,873,609

Common Stock Class S

Stockholders' Equity Attributable to Parent [Abstract]

Common Stock, Value, Issued 200,457 130,326

Class I common stock

Stockholders' Equity Attributable to Parent [Abstract]

Common Stock, Value, Issued 28,253 74,773

Class T common stock

Stockholders' Equity Attributable to Parent [Abstract]

Common Stock, Value, Issued 0 0

Class D common stock

Stockholders' Equity Attributable to Parent [Abstract]

Common Stock, Value, Issued 0 0

Class C common stock

Stockholders' Equity Attributable to Parent [Abstract]

Common Stock, Value, Issued 16,443 0

Class E common stock

Stockholders' Equity Attributable to Parent [Abstract]

Common Stock, Value, Issued 0 0

Operating Segments | Real estate-related loans and securities

Assets [Abstract]

Investments in real estate-related loans and securities, net 55,074,378 74,464,566

Total Assets 55,074,378 74,464,566

Variable Interest Entity, Primary Beneficiary

Assets [Abstract]

Real Estate Investments, Net 230,635,634 315,308,436

Intangible assets, net 7,311,796 10,901,176

Cash and cash equivalents 2,940,040 3,060,611

Restricted cash 5,413,888 3,279,075

Accounts and other receivables, net 597,673 2,778,108

Other assets 2,866,289 1,010,972

Total Assets 249,765,320 336,338,378

Liabilities and Equity [Abstract]

Mortgage loans and secured credit facility, net 177,150,209

Intangible liabilities, net 45,019

Accounts payable, accrued expenses and other liabilities 4,317,033 4,761,810

Total Liabilities $ 181,512,261 $ 234,018,630

v3.22.1

Conolidated Statements of Operations - USD ($)
12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Revenues [Abstract]

Rental revenues $ 34,787,101 $ 24,145,212 $ 7,128,209

Other revenues 2,590,843 1,141,058 411,698

Total revenues 37,377,944 25,286,270 7,539,907

Costs and Expenses [Abstract]

Rental property operating 15,464,896 10,211,237 3,071,766

General and administrative 7,057,292 3,473,954 1,616,252

Organizational expenses 3,459,158 0 885,061

Management fee 2,650,543 1,170,717 0

Performance fee 5,143,197 2,215,134 200,649

Performance participation allocation 2,345,920 0 0

Depreciation and amortization 18,369,770 13,481,013 5,012,259

Total expenses 54,490,776 30,552,055 10,785,987

Other Income and Expenses [Abstract]

Income from real estate-related loans and securities 5,442,640 4,908,074 2,305,721

Interest expense (6,758,138) (4,948,496) (4,048,089)

Realized gain on real estate investments, net 21,492,660 144,484 0

Unrealized gain on investments, net 1,837,051 2,416,703 0

Total other income (expense) 22,014,213 2,520,765 (1,742,368)

Net income (loss) 4,901,381 (2,745,020) (4,988,448)

Net loss attributable to non-controlling interests in third party joint ventures (182,666) (307,169) (265,570)

Net income attributable to redeemable non-controlling interests (2,577,946) 0 0

Net income (loss) attributable to Brookfield REIT stockholders $ 2,506,101 $ (2,437,851) $ (4,722,878)

Basic (in dollars per share) $ 0.11 $ (0.13) $ (4.49)

Diluted (in dollars per share) $ 0.11 $ (0.13) $ (4.49)

Weighted average number of shares outstanding, basic (in shares) 23,038,165 18,895,893 1,050,861

Weighted average number of shares outstanding, diluted (in shares) 23,038,165 18,895,893 1,050,861

v3.22.1

Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($)

Total

Class I common stock

Common Stock Class S

Total Stockholders' Equity (Deficit)

Total Stockholders' Equity (Deficit)

Class I common stock

Common Stock

Class I common stock

Common Stock

Common Stock Class S

Common Stock

Class T common stock

Common Stock

Class D common stock

Additional Paid-In Capital

Additional Paid-In Capital

Class I common stock

Accumulated Deficit

Non-controlling Interests Attributable to Third Party Joint Ventures

Non-controlling Interests Attributable to Preferred Shareholders

Beginning Balance at Dec. 31, 2018 $ (117,657) $ (117,657) $ 200 $ 0 $ 0 $ 0 $ 250,038 $ (367,895) $ 0 $ 0

Stock-based compensation $ 74,876 74,876 $ 70 74,806

Common stock issued (in shares) 14,970,217 9,118,617 5,851,600 91,186 58,516

Common stock issued, value $ 150,050,000 $ 150,050,000 $ 149,900,298

Contributions from non-controlling interests 5,744,728

Distributions (470,483) (339,337) (339,337) (131,146)

Offering costs (4,875,078) (4,875,078) (4,875,078)

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (4,988,448) (4,722,878) (4,722,878) (265,570)

Ending Balance at Dec. 31, 2019 145,417,938 140,069,926 $ 91,456 $ 58,516 0 0 145,350,064 (5,430,110) 5,348,012 0

Distributions reinvested 0

Stock-based compensation $ 72,447 72,447 $ 57 72,390

Common stock issued (in shares) 7,800,716 759,820 7,040,896 8,378 70,408

Common stock issued, value $ 80,969,989 80,969,989 80,891,203

Contributions from non-controlling interests 3,122,858 3,122,858

Distributions (7,757,457) (7,311,605) (7,311,605) (445,852)

Offering costs (2,255,940) (2,255,940) (2,255,940)

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (2,745,020) (2,437,851) (2,437,851) (307,169)

Ending Balance at Dec. 31, 2020 193,183,949 185,466,100 $ 74,773 $ 130,326 $ 0 0 200,440,567 (15,179,566) 7,717,849 0

Distributions reinvested 2,214,021 2,214,021 98 2,058 2,211,865

Decrease From Redemptions (25,854,887) (25,854,887) (25,216) $ (656) (25,829,015)

Stock-based compensation $ 151,596 151,596 $ 134 151,462

Common stock issued (in shares) 12,458,770 1,579,963 7,145,670 22,262 71,457 16,443

Common stock issued, value $ 144,402,376 $ 144,402,376 $ 144,292,214

Preferred stock issued, value 375,000 375,000

Contributions from non-controlling interests 569,053 569,053 0

Distributions (11,621,083) (10,935,508) (10,935,508) (685,575)

Offering costs (18,636,181) (18,636,181) (18,636,181)

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 4,901,381 4,901,381 0

Allocation to non-controlling interests in third party joint ventures 0 182,666 (182,666)

Allocation to redeemable non-controlling interests (5,205,195) (5,205,195)

Ending Balance at Dec. 31, 2021 230,955,901 226,062,240 $ 28,253 $ 200,457 $ 16,443 $ 0 249,426,060 $ (23,608,973) $ 4,518,661 $ 375,000

Distributions reinvested 5,238,319 5,238,319 346 4,324 5,233,649

Decrease From Redemptions $ (76,925,368) $ (76,925,368) $ (69,262) $ (5,650) $ (76,850,456)

v3.22.1

Consolidated Statements of Cash Flows - USD ($)
12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Cash flows from operating activities:

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 4,901,381 $ (2,745,020) $ (4,988,448)

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

Depreciation and amortization 18,369,770 13,481,013 5,012,259

Management fees 2,627,150 1,170,717 0

Performance fees 5,143,197 2,215,134 200,649

Performance participation allocation 2,345,920 0 0

Amortization of above and below market leases 105,711 (102,839) 70,028

Amortization of restricted stock grants 87,500 72,447 74,876

Amortization of deferred financing costs 308,911 211,615 50,313

Amortization of discount (175,854) (453,172) (416,639)

Paid-in-kind interest (1,022,065) 0 0

Net gain on disposition of real estate (19,495,644) 0 0

Realized gain on investments (21,492,660) (144,484) 0

Equity Securities, FV-NI, Unrealized Gain (Loss) 1,270,570

Unrealized gain on investments (1,837,051) (2,416,703) 0

Changes in assets and liabilities:

Increase (Decrease) in Other Operating Assets (1,685,398) (794,273) (570,625)

Increase (Decrease) in Accounts and Other Receivables (694,129) (1,305,011) (1,769,446)

Increase (decrease) in accounts payable, accrued expenses and other liabilities 5,890,147 (163,025) 2,937,813

Subscriptions received in advance 24,380,740 0 0

(Decrease) increase in due to affiliates (1,100,933) 295,771 880,053

Net cash provided by (used in) operating activities 15,720,800 9,322,170 (176,569)

Cash flows from investing activities

Acquisition of real estate (649,660,722) (105,136,975) (233,193,194)

Purchase of real estate-related loans and securities (29,947,085) (33,297,470) (48,881,160)

Proceeds from sale of real estate-related loans and securities 42,718,237 11,771,286 0

Proceeds from Principal Repayments on Loans and Leases Held-for-investment 8,978,491 0 0

Proceeds from Sale of Real Estate Held-for-investment 8,600,000 0 0

Payments for Deposits (6,321,450) 0 0

Payments for Tenant Improvements (2,166,688) (1,980,484) (972,450)

Net cash used in investing activities (622,799,217) (128,643,643) (283,046,804)

Cash flows from financing activities:

Borrowings from mortgage loans 315,215,639 71,152,380 159,411,000

Proceeds from Issuance of Secured Debt 244,401,821 0 0

Proceeds from affiliate line of credit 105,000,000 0 106,391,162

Proceeds from sale of preferred membership interests 5,000,000

Proceeds from issuance of OP units 45,000,000 0 0

Proceeds from issuance of preferred stock 375,000 0 0

Repayments of affiliate line of credit 0 0 (19,510,997)

Payment of deferred financing costs (2,550,097) (653,893) (984,459)

Proceeds from issuance of common stock 111,782,710 80,159,885 68,009,105

Repurchase of common stock (71,298,270) (23,217,389) 0

Payment of offering costs (2,624,989) (1,498,429) (4,839,270)

Distributions to non-controlling interests (685,575) (445,852) (131,146)

Contributions from non-controlling interests 569,053 3,122,858 5,744,728

Distributions (5,173,226) (4,329,066) 0

Net cash provided by financing activities 631,842,806 124,290,494 314,090,123

Net change in cash and cash-equivalents and restricted cash 4,969,021 30,866,750

Cash and cash-equivalents and restricted cash, beginning of period 36,019,225 31,050,204 183,454

Cash and cash-equivalents and restricted cash, end of period 60,783,614 36,019,225 31,050,204

Cash and cash equivalents 29,988,565 32,740,150 30,308,600

Restricted cash 30,795,049 741,604

Cash and cash-equivalents and restricted cash, beginning of period 60,783,614 36,019,225 31,050,204

Non-cash investing and financing activities:

Interest paid 6,273,044 4,709,835 1,819,688

Non-cash investing and financing activities:

Issuance of Brookfield REIT OP units as consideration for acquisitions of real estate 148,175,420 0 0

Issuance of Class E common stock as consideration for acquisitions of real estate 25,000,000 0 0

Disposition of real estate 77,071,415 0 0

Preferred membership interest acquired from disposition of real estate 33,831,269 0 0

Transfer of mortgage loan associated with disposition 52,806,791 0 0

Line of credit repayment through issuance of Class I shares 0 0 (86,880,165)

Accrued distributions 1,301,541 768,519 339,337

Accrued stockholder servicing fee 14,219,258 96,381 35,809

Distributions reinvested 5,238,319 2,214,021 0

Accrued management fee in due to affiliates 620,706 360,617 0

Management fees paid in shares 2,390,456 810,098 0

Accrued capital expenditures 1,192,134 980,018 0

Accrued repurchases in accounts payable 1,593,971 0 0

Accrued repurchases in due to affiliates 6,682,115 2,637,500 0

Accrued offering costs 5,216,729 661,127 0

Additions of furniture, fixtures and equipment in lieu of rent 0 420,533 $ 0

Variable Interest Entity, Primary Beneficiary

Cash flows from financing activities:

Cash and cash equivalents 2,940,040 3,060,611

Restricted cash $ 5,413,888 $ 3,279,075

v3.22.1

Organization and Business Purpose
12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Business Purpose Organization and Business Purpose
Brookfield Real Estate Income Trust Inc. (formerly Oaktree Real Estate Income Trust, Inc.) (the “Company”) was formed on July 27, 2017 as a Maryland corporation and has elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with the taxable year ended December 31, 2019. The Company seeks to invest primarily in well-located, high quality commercial real estate assets that generate strong current cash flow and could further appreciate in value through moderate leasing and repositioning strategies. To a lesser extent, the Company invests in real estate-related investments, including real estate-related debt and real estate-related securities. The Company is the sole general partner of Brookfield REIT Operating Partnership L.P. (the “Operating Partnership”). Substantially all of the Company's business is conducted through the Operating Partnership. The Company and the Operating Partnership are externally managed by Brookfield REIT Adviser LLC (the “Adviser”), an affiliate of Brookfield Asset Management Inc. (together with its affiliates, “Brookfield”). Prior to the Adviser Transition (as defined below) that occurred on November 2, 2021, the Company was externally managed by Oaktree Fund Advisors, LLC (the “Oaktree Adviser”), an affiliate of Oaktree Capital Management, L.P. (“Oaktree”).
On July 15, 2021, the Company entered into an adviser transition agreement (the “Adviser Transition Agreement”) with the Adviser and the Oaktree Adviser. On November 2, 2021, pursuant to the terms of the Adviser Transition Agreement, among other things, the Company (i) accepted the resignation of the Oaktree Adviser as its external adviser under the previous advisory agreement between the Company and the Oaktree Adviser, and (ii) entered into a new advisory agreement (the “Advisory Agreement”) with the Adviser (together, with the related transactions authorized by the Company’s board of directors or otherwise contemplated in connection with the Company’s entry into the Adviser Transition Agreement, referred to collectively as the “Adviser Transition”).
In addition, on November 2, 2021, the Company, the Adviser and the Operating Partnership entered into sub-advisory agreements with the Oaktree Adviser in connection, pursuant to which the Oaktree Adviser (i) manages certain of the Company’s real estate properties and real estate-related debt investments that were acquired by the Company prior to the Adviser Transition and (ii) selects and manages the Company’s liquid assets.
The Company had previously registered with the Securities and Exchange Commission (the “SEC”) an offering of up to $2,000,000,000 in shares of common stock (the "Previous Offering"). The Company subsequently registered a follow-on offering with the SEC of up to $7,500,000,000 in shares of common stock, consisting of up to $6,000,000,000 in shares in its primary offering and up to $1,500,000,000 in shares pursuant to its distribution reinvestment plan, which the Company began using to offer shares of its common stock in November 2021 (the “Current Offering” and with the Previous Offering, the "Offering").
The Company is offering to the public any combination of four classes of shares of its common stock, Class T shares, Class S shares, Class D shares and Class I shares, with a dollar value up to the maximum offering amount. The publicly offered share classes have different upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees. The purchase price per share for each class of common stock varies and generally equals the Company’s prior month’s net asset value (“NAV”) per share, as determined monthly, plus applicable upfront selling commissions and dealer manager fees. The Company intends to continue selling shares on a monthly basis.
As of December 31, 2021, the Company owned 14 investments in real estate, four investments in real estate-related loans, four investments in floating-rate commercial mortgage backed securities ("CMBS"), and two interests in unconsolidated investments.

v3.22.1

Summary of Significant Accounting Policies
12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation and Principles of Consolidation
The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include the accounts of the Company, the Company's subsidiaries and joint ventures in which the Company has a controlling financial interest. All significant intercompany balances and transactions have been eliminated in consolidation. Certain comparative figures have been reclassified to conform to the current year presentation.
The Company consolidates all entities in which it retains a controlling financial interest through majority ownership or voting rights and entities that meet the definition of a variable interest entity (“VIE”) for which it is deemed to be the primary beneficiary. The Company is the primary beneficiary of a VIE when it has (i) the power to direct the activities of a VIE that most significantly influence the VIE’s economic performance, and (ii) the obligation to absorb losses of the VIE that could potentially be significant to the VIE, or the right to receive benefits from the VIE that potentially could be significant to the VIE. The Operating Partnership is considered to be a VIE. The Company consolidates the Operating Partnership because it has
the ability to direct the most significant activities of the entities as its sole general partner. The Company also consolidates all VIEs for which it is the primary beneficiary. Where the Company does not have the power to direct the activities of the VIE that most significantly impact its economic performance, the Company's interest for those partially owned entities are accounted for using the equity method of accounting. Equity method investments for which the Company has not elected a fair value option are initially recorded at cost and subsequently adjusted for the Company's pro-rata share of net income, contributions, and distributions. When the Company elects the fair value option ("FVO"), the Company records its share of net asset value of the entity and any related unrealized gains and losses.
The Operating Partnership and the Company's joint ventures are considered to be VIEs. The Company consolidates these entities, excluding its equity method investments, because it has the ability to direct the most significant activities of the entities such as purchases, dispositions, financings, budgets, and overall operating plans.
For consolidated joint ventures, the non-controlling partner's share of the assets, liabilities, and operations of each joint venture is included in non-controlling interests as equity of the Company. The non-controlling joint venture partner's interest is generally computed at the joint venture partner's ownership percentage. Certain of the joint ventures formed by the Company provide the other partner a profits interest based on certain internal rate of return hurdles being achieved. Any profits interest due to the other partner is reported within non-controlling interest.
As of December 31, 2021 and 2020, the total assets and liabilities of the Company’s consolidated VIEs, excluding the Operating Partnership, were $249.8 million and $181.5 million, respectively. Such amounts are included on the Company’s Consolidated Balance Sheets.
Use of Estimates
The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities and accrued expenses at the date of the balance sheet. The Company believes the estimates and assumptions underlying the consolidated financial statements are reasonable and supportable based on the information available as of December 31, 2021.
Investments in Real Estate
In accordance with the guidance for business combinations, the Company determines whether the acquisition of a property qualifies as a business combination, which requires that the assets acquired and liabilities assumed constitute a business. If the property acquired does not constitute a business, the Company accounts for the transaction as an asset acquisition. The guidance for business combinations states that when substantially all of the fair value of the gross assets to be acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the asset or set of assets is not a business.
The Company evaluates each real estate acquisition to determine whether the integrated set of acquired assets and activities meets the definition of a business. Generally, acquisitions of real estate or in-substance real estate are not expected to meet the definition of a business because substantially all of the fair value is concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings and related intangible assets) or because the acquisition does not include a substantive process in the form of an acquired workforce or an acquired contract that cannot be replaced without significant cost, effort or delay. All property acquisitions to date have been accounted for as asset acquisitions because substantially all of the fair value was concentrated in the land, buildings and related intangible assets.
The Company capitalizes acquisition-related costs associated with asset acquisitions. Upon acquisition of a property, the Company assesses the fair value of the acquired tangible and intangible assets (including land, buildings, tenant improvements, above- or below-market leases, acquired in-place leases, and other intangible assets and assumed liabilities) and allocates the purchase price to the acquired assets and assumed liabilities. The Company assesses and considers fair value based on estimated cash flow projections that utilize discount and/or capitalization rates that it deems appropriate, as well as other available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known and anticipated trends, and market and economic conditions.
The estimated fair value of acquired in-place leases include the costs the Company would have incurred to lease the properties to their occupancy levels at the date of acquisition. Such estimates include the fair value of leasing commissions, legal costs and other direct costs that would be incurred to lease the properties to such occupancy levels. The Company evaluates avoided costs over the time period over which occupancy levels at the date of acquisition would be achieved had the property been acquired vacant. Such evaluation includes an estimate of the net market-based rental revenues and net operating costs (primarily consisting of real estate taxes, insurance and utilities) that would be incurred during the lease-up period. Acquired in-place leases are amortized over the remaining lease terms as a component of depreciation and amortization expense.
For acquired in-place leases, above- and below-market lease values are recorded based on the present value (using an interest rate that reflects the risks associated with the lease acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management’s estimate of fair market value lease rates for the corresponding in-place leases.
The values of acquired above- and below-market leases are amortized over the terms of the related leases and recognized as either increases (for below-market leases) or decreases (for above-market leases) to rental revenue. Should a tenant terminate its lease, the unamortized portion of the in-place lease value is charged to amortization expense and the unamortized portion of the above- or below-market lease value is charged to rental revenue.
Significant improvements to properties are capitalized and depreciated over their estimated useful life. Expenditures for ordinary repairs and maintenance are expensed to operations as incurred.
The cost of buildings and improvements includes the purchase price of the Company’s properties and any acquisition-related costs, along with any subsequent improvements to such properties. The Company’s investments in real estate are stated at cost and are generally depreciated on a straight-line basis over the estimated useful lives of the assets as follows:
Description Depreciable Life
Building 30-40 years
Building and site improvements 5-21 years
Furniture, fixtures and equipment 1-9 years
Tenant improvements Shorter of estimated useful life or lease term
In-place lease intangibles Over lease term
Above and below market leases Over lease term
Lease origination costs Over lease term
Present value of tax abatement savings Over tax abatement period
When assets are sold or retired, their costs and related accumulated deprecation are removed from the accounts with the resulting gains or losses reflected in net income or loss for the period.
The Company's management reviews its real estate properties for impairment when there is an event or change in circumstances that indicates an impaired value. In reviewing the portfolio, the Company's management examines the type of asset, the economic situation in the area in which the asset is located, the economic situation in the industry in which the tenant is involved and the timeliness of the payments made by the tenant under its lease, changes in holding period, as well as any current correspondence that may have been had with the tenant, including property inspection reports. For each real estate asset for which indicators of impairment are identified, the Company performs a recoverability analysis that compares future undiscounted cash flows expected to result from the Company's use and eventual disposition of the asset to its carrying value. If the undiscounted cash flow analysis yields an amount which is less than the asset's carrying amount, an impairment loss will be recorded equal to the amount by which the carrying value of the asset exceeds its estimated fair value. Since cash flows on real estate properties considered to be “long-lived assets to be held and used” are considered on an undiscounted basis to determine whether an asset has been impaired, the Company’s strategy of holding properties over the long term directly decreases the likelihood of recording an impairment loss. If the Company’s strategy changes or market conditions otherwise dictate an earlier sale date, an impairment loss may be recognized and such loss could be material to the Company’s results. During the periods presented, no such impairment occurred.
Assets Held for Sale
The Company classifies the assets and liabilities related to its real estate investments as held for sale when a sale is probable to occur within one year. The Company considers a sale to be probable when a binding contract has been executed, the buyer has posted a non-refundable deposit, and there are limited contingencies to closing. The Company classifies held for sale assets and liabilities at the lower of depreciated cost or fair value less closing costs. There were no properties held for sale as of December 31, 2021 and December 31, 2020.
Investments in Unconsolidated Entities
Investments in unconsolidated entities are initially recorded at cost and subsequently adjusted for the Company’s pro-rata share of net income, contributions, and distributions. The Company’s investments in unconsolidated entities are periodically assessed for impairment and an impairment loss would be recorded when the fair value of the investment falls below the carrying value and such decline is determined to be other-than-temporary.
The Company has elected the fair value option for one of its investments in unconsolidated entities and therefore reports this investment at fair value. As such, the resulting unrealized gains and losses are recorded as a component of Unrealized gain on investments, net on the Company's Consolidated Statements of Operations.
Investments in Real Estate-Related Loans and Securities
Real estate-related loans that the Company has the intent and ability to hold for the foreseeable future are classified as held for investment. Originated loans are recorded at amortized cost, or outstanding unpaid principal balance less net deferred loan fees. Net deferred loan fees include unamortized origination and other fees charged to the borrower less direct incremental loan origination costs incurred by the Company. Purchased loans are recorded at amortized cost, or unpaid principal balance plus purchase premium or less unamortized discount. Costs to purchase loans are expensed as incurred.
Interest income related to the Company's loans is recognized based upon contractual interest rate and unpaid principal balance of the loans as a component of Income from real estate-related loans and securities on the accompanying Consolidated Statements of Operations. Net deferred loan fees on originated loans are deferred and amortized as adjustments to interest income over the expected life of the loans using the effective yield method. Premium or discount on purchased loans are amortized as adjustments to interest income over the expected life of the loans using the effective yield method. When a loan is prepaid, prepayment fees and any excess of proceeds over the carrying amount of the loan are recognized as additional interest income.
The Company assesses its real estate-related loans for impairment and loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due in accordance with contractual terms, including consideration of the underlying collateral value. As of December 31, 2021, each of the Company’s real estate-related loans was performing in accordance with its contractual terms and no impairment loss has been recognized.
The Company has elected to classify its real estate debt securities as trading securities and carry such investments at fair value. As such, the resulting unrealized gains and losses of such securities are recorded as a component of Unrealized gain on investments, net on the Company’s Consolidated Statements of Operations. Interest income from trading securities is recognized based on the stated terms of the security. Interest income from real estate-related debt securities is recorded as a component of Income from real estate-related loans and securities on the accompanying Consolidated Statements of Operations.
Revenue Recognition
Rental revenue primarily consists of base rent arising from tenant leases at the Company’s properties. Base rent is recognized on a straight-line basis over the life of the lease, including any rent steps or abatement provisions. The Company begins to recognize revenue upon the acquisition of the related property or when a tenant takes possession of the leased space. Other rental revenues include amounts due from tenants for costs related to common area maintenance, real estate taxes, and other recoverable costs included in lease agreements. The Company recognizes the reimbursement of such costs incurred as tenant reimbursement income.
The Company evaluates the collectability of receivables related to rental revenue on an individual lease basis. In making this determination, the Company considers the length of time a receivable has been outstanding, tenant credit-worthiness, payment history, available information about the financial condition of the tenant, and current economic trends, among other factors. Tenant receivables that are deemed uncollectible are recognized as a reduction to rental revenue.
On April 10, 2020, the Financial Accounting Standards Board ("FASB") staff issued a question-and-answer document to address stakeholder questions on the application of the lease accounting guidance for lease concessions related to the effects of the COVID-19 pandemic.
Many lessors are, or will be, providing lease concessions to tenants impacted by the economic disruptions caused by the pandemic. For concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the accounting for a change in lease provisions guidance in Accounting Standard Codification 840, Leases, to those contracts. The Company has provided rent deferrals as concessions to tenants impacted by the pandemic. The Company has concluded that each concession does not represent a substantial increase in the rights of the lessor or the obligations of the lessee. Accordingly, the Company has elected to not account for each concession as a change in the provisions of the lease and rather, has assumed each concession was always contemplated by the contract. During the year ended December 31, 2021, the Company provided a rent deferral to one tenant for an immaterial amount.
Cash and Cash Equivalents
Cash and cash equivalents represent cash held in banks, cash on hand, and liquid investments with original maturities of three months or less. The Company may have bank balances in excess of federally insured amounts; however, the Company deposits its cash and cash equivalents with high credit-quality institutions to minimize credit risk exposure.
Restricted Cash
Restricted cash primarily consists of cash received for subscriptions prior to the date in which the subscriptions are effective, which is held in a bank account controlled by the Company's transfer agent but in the name of the Company. The remaining
balance of restricted cash primarily consists of amounts in escrow related to real estate taxes, construction reserves and insurance in connection with mortgages at certain of the Company's property and tenant security deposits.
Foreign Currency
In the normal course of business, the Company makes investments in real estate outside the United States ("U.S.") through subsidiaries that have a non-U.S. dollar functional currency. Non-U.S. dollar denominated assets and liabilities of these foreign subsidiaries are translated to U.S. dollars at the prevailing exchange rate at the reporting date and income, expenses, gains, and losses are translated at the average exchange rate over the applicable period. Gains and losses from translation of foreign denominated transactions into U.S. dollars are included in current results of operations as a component of Unrealized gain on investments, net on the Company’s Consolidated Statements of Operations.
Deferred Charges
The Company’s deferred charges include financing and leasing costs. Deferred financing costs include legal, structuring, and other loan costs incurred by the Company for its financing agreements. Deferred financing costs related to the Company’s mortgage notes and term loans are recorded as an offset to the related liability and amortized over the term of the applicable financing instruments. Deferred financing costs related to the Company’s revolving credit facilities and affiliate line of credit are recorded as a component of Other Assets on the Company’s Consolidated Balance Sheets and amortized over the term of the applicable financing agreements. Deferred leasing costs incurred in connection with new leases, which consist primarily of brokerage and legal fees, are recorded as a component of Other Assets on the Company’s Consolidated Balance Sheets and amortized over the life of the related lease.
Derivative Instruments
In the normal course of business, the Company is exposed to the effect of interest rate changes and, with regard to its non-U.S. investments, changes in foreign currency exchange rates. The Company seeks to manage these risks by following established risk management policies and procedures including the use of derivatives to hedge interest rate and currency rate risk. These financial instruments may include interest-rate swaps and other derivative contracts.
The Company recognizes all derivatives as either assets or liabilities in the accompanying Consolidated Balance Sheets and measures those instruments at fair value. Changes in the fair values of the Company's derivatives are recorded in current-period earnings as a component of Unrealized gain on investments, net on the accompanying Consolidated Statements of Operations. As of December 31, 2021, the Company had one interest-rate cap, one currency swap contract and one interest-rate swap contract. The derivatives are accounted for as freestanding and changes in fair value are recorded in current-period earnings.
Fair Value Measurement
Under normal market conditions, the fair value of an investment is the amount that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). Additionally, there is a hierarchal framework that prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is impacted by a number of factors, including the type of investment and the characteristics specific to the investment and the state of the marketplace, including the existence and transparency of transactions between market participants. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.
Investments measured and reported at fair value are classified and disclosed in one of the following levels within the fair value hierarchy:
Level 1 — quoted prices are available in active markets for identical investments as of the measurement date. The Company does not adjust the quoted price for these investments.
Level 2 — quoted prices are available in markets that are not active or model inputs are based on inputs that are either directly or indirectly observable as of the measurement date.
Level 3 — pricing inputs are unobservable and include instances where there is minimal, if any, market activity for the investment. These inputs require significant judgment or estimation by management or third parties when determining fair value and generally represent anything that does not meet the criteria of Levels 1 and 2. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed.
The carrying values of cash and cash equivalents, restricted cash, accounts receivable and other receivables, accounts payable, accrued liabilities and other liabilities approximate fair value because of the short-term nature of these instruments and falls under the Level 2 hierarchy. The estimated fair values of the Company’s real estate-related loan, mortgage loan and line of credit approximate their fair values since they bear interest at floating rates and were recently originated and falls under the
Level 2 hierarchy. The Company’s derivatives are classified as Level 2 and their fair values are derived from estimated values obtained from observable market data for similar instruments.
The Company uses significant judgement to estimate fair values of investments in real estate, and other intangible assets. In estimating their values, the Company considers significant unobservable inputs such as estimated cash flow projections that utilize appropriate discount and capitalization rates and available comparable market information. Estimates of future cash flows are based on a number of factors, including the historical operating results, known and anticipated trends, and market/economic conditions that may affect the property. These inputs are Level 3 inputs.
Valuation of Assets Measured at Fair Value
The Company elected the fair value option for its investments in CMBS. As such, any unrealized gains or losses on its investments in CMBS are recorded as a component of unrealized gains or losses on the investments on the Consolidated Statements of Operations. The Company determines the fair value of its CMBS utilizing third-party pricing service providers and broker-dealer quotations on the basis of last available bid price.
In determining the fair value of a particular investment, pricing service providers may use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models to determine the reported price. The pricing service providers’ internal models for securities such as real estate debt generally consider the attributes applicable to a particular class of the security (e.g., credit rating, seniority), current market data, and estimated cash flows for each class and incorporate deal collateral performance such as prepayment speeds and default rates, as available.
As of December 31, 2021 and December 31, 2020, the Company’s $19.5 million and $24.7 million, respectively, of investments in CMBS were classified as Level 2.
Income Taxes
The Company qualifies to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Code"), for U.S. federal income tax purposes. The Company generally will not be subject to federal corporate income tax to the extent it distributes 100% of its taxable income to its shareholders. REITs are subject to a number of other organizational and operational requirements. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
The Company has formed wholly-owned subsidiaries that are taxed as taxable REIT subsidiaries (“TRSs”) that are subject to taxation at the federal, state and local levels, as applicable. In general, a TRS may perform additional services for our tenants and generally may engage in any real estate or non-real estate-related business. We will account for applicable income taxes by utilizing the asset and liability method. As such, we will record deferred tax assets and liabilities for the future tax consequences resulting from the difference between the carrying value of existing assets and liabilities and their respective tax basis. A valuation allowance for deferred tax assets is provided if the Company believes all or some portion of the deferred tax asset my not be realized.
As of December 31, 2021, 2020 and 2019, the Company had net operating losses (“NOLs”) of $4.0 million, $3.2 million, and $0.4 million, respectively. The Company has not recorded a deferred tax asset in the accompanying Consolidated Financial Statements with respect to its NOLs since it is unlikely such benefits will be realized.
Organization and Offering Expenses
As of December 31, 2021 and December 31, 2020, the Adviser and its affiliates had incurred approximately $8.4 million and $5.7 million, respectively, of organization and offering expenses on our behalf, which will be reimbursed ratably over a 60 month period following July 6, 2022.
Organizational expenses are expensed as incurred and offering expenses are reflected as a reduction of additional paid-in capital as such amounts will be reimbursed to the Adviser or its affiliates from the gross proceeds of the Offering. Any amount due to the Adviser but not paid are recorded as Due to affiliates on the accompanying Consolidated Balance Sheets.
Earnings Per Share
The Company uses the two-class method in calculating earnings per share ("EPS") when it issues securities other than common stock that contractually entitle the holder to participate in dividends and earnings of the Company when, and if, the Company declares dividends on its common stock. Basic earnings per share ("Basic EPS") for the Company's common stock are computed by dividing net income allocable to common shareholders by the weighted average number of shares of common stock outstanding for the period, respectively. Diluted earnings per share ("Diluted EPS") is calculated similarly, however, it reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower earnings per share amount.
We include unvested shares of restricted stock in the computation of diluted EPS by using the more dilutive of the two-class method or treasury stock method. Any anti-dilutive securities are excluded from the diluted EPS calculation. For the years ended December 31, 2021 and December 31, 2020, there were no dilutive participating securities.
Segment Reporting
The Company operates in six reportable segments: multifamily properties, office properties, logistics properties, alternative properties, investments in unconsolidated entities and real estate-related loans and securities. The Company allocates resources and evaluates results based on the performance of each segment individually. The Company believes that segment net operating income is the key performance metric that captures the unique operating characteristics of each segment.
Stock-Based Compensation
Equity-classified stock awards granted to employees and non-employees that have a service condition are measured at fair value at date of grant and re-measured at fair value only upon a modification of the award.
The Company recognizes compensation expense on a straight-line basis over the requisite service period of each award, with the amount of compensation expense recognized at the end of a reporting period at least equal to the portion of fair value of the respective award at grant date or modification date, as applicable, that has vested through that date. Compensation expense, which is adjusted for actual forfeitures upon occurrence, is included as a component of general and administrative expense on the Consolidated Statements of Operations.
Stockholder Servicing Fee
The Company has entered into a dealer manager agreement with Brookfield Oaktree Wealth Solutions LLC, a registered broker-dealer (“Dealer Manager”) affiliated with the Adviser, to serve as the dealer manager for the Current Offering. The Dealer Manager is entitled to receive upfront selling commissions and dealer manager fees up to 3.5% of the transaction price and ongoing stockholder servicing fees of 0.85% per annum of the aggregate NAV for outstanding Class S and Class T shares with a limit up to, in the aggregate, 8.75% of the gross proceeds from such shares. The Dealer Manager is entitled to receive upfront selling commissions up to 1.5% of the transaction price and ongoing stockholder servicing fees of 0.25% per annum of the aggregate NAV for outstanding Class D shares with a limit up to, in the aggregate, 8.75% of the gross proceeds from such shares. There are no upfront selling commissions and ongoing stockholder servicing fees with respect to Class I shares.
The Company previously accrued upfront selling commissions and ongoing stockholder servicing fees on a monthly basis as incurred and recorded the monthly accrual as a reduction of additional paid-in capital as part of the offering costs. During the quarter ended September 30, 2021, the Company determined that it should have accrued future stockholder servicing fees for Class S shares at the time the shares were issued based on the contractual cap of 8.75% of gross proceeds (no Class T or Class D shares had been issued prior to September 30, 2021). The Company assessed the cumulative impact of the error on accounts payable, accrued expenses and other liabilities and additional paid-in capital as of and for the years ended December 31, 2020 and 2019. In accordance with SEC Staff Accounting Bulletin (“SAB”) No. 99, Materiality and SAB No. 108 (“SAB 108”), Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, the Company assessed the materiality of this correction on its financial statements for the years ended December 31, 2020 and 2019. As a result of its analysis, the Company recorded a $9.9 million reduction to equity and a corresponding increase in accounts payable, accrued expenses and other liabilities as of December 31, 2021. The Company concluded the effect was not material to its financial statements for any prior period nor the current year and, as such, those financial statements are not materially misstated.
Recent Accounting Pronouncements
In March 2020, the FASB issued guidance which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offer Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance is effective upon issuance and generally may be elected over time through December 31, 2022. The Company has not adopted any of the optional expedients or exceptions through December 31, 2021, but will continue to evaluate the possible adoption (including potential impact) of any such expedients or exceptions during the effective period as circumstances evolve.
In February 2016, the FASB issued a new leasing standard which requires lessees to clarify leases as either finance or operating leases based on certain criteria and record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The standard also eliminates current real estate-specific provisions and changes initial direct costs and lease executory costs for all entities. The new guidance will require lessees and lessors to capitalize, as initial direct costs, only those costs that are incurred due to the execution of a lease, with any other costs incurred, including allocated indirect costs, expensed as incurred. In addition, the new standard requires that lease and non-lease components of a contract be bifurcated, with non-lease components (including
reimbursements for real estate taxes, utilities, insurance and other common area maintenance and other executory costs) subject to the new revenue recognition standard effective upon adoption of the new leasing standard. In July 2018, the FASB issued an amendment to the leasing standard that allows lessors to elect, as a practical expedient, not to allocate the total consideration in a contract to lease and non-lease components based on their relative standalone selling prices. Rather, this practical expedient allows lessors to elect to account for the combined component as an operating lease if (i) the timing and pattern of transfer of the lease component and non-lease component(s) are the same; (ii) the lease component would be classified as an operating lease if accounted for separately; and (iii) the lease component is the predominant component of the arrangement. If we elect this practical expedient subsequent to adoption, tenant recoveries and other components that would otherwise qualify as non-lease components would be accounted for as lease components and recognized in rental revenues. The amendment also provided an optional transition method to make the initial application date of the new lease standard the date of adoption, with a cumulative-effect adjustment recognized to the opening balance of retained earnings. Consequently, for an entity that elects the optional transition method, the entity’s reporting and disclosures for comparative historical periods presented in the financial statements will continue to be in accordance with current GAAP. In December 2018, the FASB made a narrow-scope amendment that would preclude a lessor from having to recognize lessor costs paid by a lessee directly to a third-party when the lessor cannot reasonably estimate such costs. The Company expects to elect the package of practical expedients to not reassess (i) whether existing arrangements are or contain a lease, (ii) the classification of an operating or financing lease in a period prior to adoption, and (iii) any initial direct costs for existing leases. Additionally, the Company expects to elect to not use hindsight and carry forward its lease term assumptions when adopting this standard and not recognize lease liabilities and lease assets for leases with a term of 12 months or less. The Company will adopt the new leasing standard effective January 1, 2022. The Company is currently evaluating the impact of adopting this standard on its Consolidated Financial Statements.
In June 2016, the FASB issued guidance on the measurement of credit losses on financial instruments. The standard will replace the incurred loss impairment methodology pursuant to GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The guidance is effective for the Company beginning after December 15, 2022, including interim periods within that reporting period, with early adoption permitted after December 15, 2018, including interim periods within that reporting period. The Company is currently evaluating the impact of adopting this ASU on its Consolidated Financial Statements. In March 2020, the FASB issued guidance which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates. The guidance is effective upon issuance and generally may be elected over time through December 31, 2022. The Company has not adopted any of the optional expedients or exceptions through December 31, 2021, but will continue to evaluate the possible adoption (including potential impact) of any such expedients or exceptions during the effective period as circumstances evolve.
In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments simplify the accounting for income taxes by removing certain exceptions to the general principles of Topic 740, Income Taxes and also improve consistent application by clarifying and amending existing guidance. The new standard became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption was permitted, with the amendments to be applied on a retrospective, modified retrospective or prospective basis, depending on the specific amendment. The Company adopted the new guidance under ASU 2019-12 in the first quarter of 2021 and it had no material impact on the Company's Consolidated Financial Statements.
In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU 2020-04 provides optional expedients and exceptions to GAAP requirements for modifications on debt instruments, leases, derivatives, and other contracts, related to the expected market transition from LIBOR, and certain other floating rate benchmark indices (collectively, “IBORs”) to alternative reference rates. ASU 2020-04 generally considers contract modifications related to reference rate reform to be an event that does not require contract remeasurement at the modification date nor a reassessment of a previous accounting determination. In January 2021, the FASB issued ASU 2021-01 “Reference Rate Reform (Topic 848): Scope,” or ASU 2021-01. ASU 2021-01 clarifies that the practical expedients in ASU 2020-04 apply to derivatives impacted by changes in the interest rate used for margining, discounting, or contract price alignment. The guidance in ASU 2020-04 is optional and may be elected over time, through December 31, 2022, as reference rate reform activities occur. Once ASU 2020-04 is elected, the guidance must be applied prospectively for all eligible contract modifications. The Company has not adopted any of the optional expedients or exceptions as of December 31, 2021, but will continue to evaluate the possible adoption of any such expedients or exceptions during the effective period as circumstances evolve

v3.22.1

Investments in Real Estate
12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

Investments in Real Estate Investments in Real Estate
Investments in real estate, net, consisted of the following as of December 31, 2021 and 2020:
December 31, 2021 December 31, 2020
Building and building improvements $ 874,834,206 $ 272,602,885
Land 164,901,074 40,397,114
Tenant improvements 35,591,724 9,551,645
Furniture, fixtures and equipment 11,061,146 4,822,680
Accumulated depreciation (20,629,840) (12,065,888)
Investments in real estate, net $ 1,065,758,310 $ 315,308,436
Acquisitions
During the year ended December 31, 2021, the Company acquired $852.9 million of real estate investments, which were comprised of five multifamily properties, three logistics properties, one alternative property and several single family rental properties. During the year ended December 31, 2020, the Company acquired $105.1 million of real estate investments, which was comprised of one multifamily property and one office property.
The following table provides further details of the properties acquired during the years ended December 31, 2021 and 2020:
Investment
Ownership Interest(1)
Location Type Acquisition Date Square Feet/Units
Purchase Price(2)
Lakes at West Covina 95% Los Angeles, CA Office February 2020 177,000 $ 41,024,719
Arbors of Las Colinas 90% Dallas, TX Multifamily December 2020 408 64,112,256
1110 Key Federal Hill 100% Baltimore, MD Multifamily September 2021 224 75,152,886
Domain 100% Orlando, FL Multifamily November 2021 324 74,157,027
The Burnham 100% Nashville, TN Multifamily November 2021 328 129,057,027
6123-6227 Monroe Ct 100% Morton Grove, IL Logistics November 2021 208,000 17,264,728
8400 Westphalia Road 100% Upper Marlboro, MD Logistics November 2021 100,000 27,960,931
McLane Distribution Center 100% Lakeland, FL Logistics November 2021 211,000 26,754,957
Flats on Front 100% Wilmington , NC Multifamily December 2021 273 97,728,205
Verso Apartments 100% Beaverton, OR Multifamily December 2021 172 74,215,860
DreamWorks Animation Studios 100% Glendale, CA Alternatives December 2021 497,000 326,743,229
Single Family Rental Portfolio 100% Various Alternatives Various 14 3,839,927
$ 958,011,752
(1) Certain of the investments made by the Company provide the other partner a profits interest based on certain internal rate of return hurdles being achieved. Such investments are consolidated by the Company and any profits interest due to the other partner is reported within non-controlling interests attributable to joint venture partners.
(2) Purchase price is inclusive of closing costs.
The following table details the purchase price allocation for properties acquired during the years ended December 31, 2021 and 2020:
December 31, 2021 December 31, 2020
Building and building improvements $ 660,098,315 $ 71,691,278
Land and land improvements 145,611,087 20,729,974
Tenant improvements 24,991,410 4,205,936
Furniture, fixtures and equipment 6,307,805 1,427,992
In-place lease intangibles 32,518,944 5,393,340
Lease origination costs 8,534,907 1,726,732
Tax abatement intangible 3,054,438 —
Above-market lease intangibles 178,101 5,753
Below-market lease intangibles (28,420,233) (44,030)
Total purchase price(1)
852,874,774 105,136,975
Assumed debt(2)
132,550,000 —
Net purchase price $ 720,324,774 $ 105,136,975
(1) Purchase price is inclusive of closing costs.
(2) Refer to Note 9 for additional details on the Company’s mortgage loans and indebtedness.
Dispositions
On November 2, 2021, the Company sold its ownership interest in the Ezlyn property to an affiliate of the Oaktree Adviser for net proceeds of $42.4 million, which consisted of $8.6 million of cash and a $33.8 million preferred equity interest in an affiliate of Oaktree. The Company recognized a realized gain on sale of $19.5 million as a result of the disposition. On December 31, 2021, the Company assigned $5.0 million of its preferred equity interest to the affiliate of the Oaktree Adviser for $5.0 million of cash. On January 18, 2022, the Company assigned its remaining $28.8 million preferred equity interest to the affiliate of the Oaktree Adviser for $28.8 million.
Properties Held for Sale
There were no properties held for sale as of December 31, 2021 and 2020.

v3.22.1

Investments in Unconsolidated Entities
12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Entities Investments in Unconsolidated Entities
The Company holds investments in joint ventures that it accounts for under the equity method of accounting, as the Company’s ownership interest in each joint venture does not meet the requirements for consolidation.
On November 2, 2021, the Company acquired a 20% interest in Principal Place, an office asset located in London, United Kingdom, through an indirect interest in the joint venture that owns the property. As of December 31, 2021, the fair value of the Company's interest in Principal Place was $100.9 million.
On November 2, 2021, the Company sold its ownership interest in the Ezlyn property to an affiliate of the Oaktree Adviser for $8.6 million in cash and a $33.8 million preferred equity interest in an affiliate of Oaktree. On December 31, 2021, the Company assigned $5.0 million of its preferred equity interest to the affiliate of the Oaktree Adviser for $5.0 million of cash. As of December 31, 2021, the Company's carrying value of its preferred equity interest was $28.8 million. On January 18, 2022, the Company assigned its remaining $28.8 million preferred equity interest to the affiliate of the Oaktree Adviser for $28.8 million.
As of December 31, 2021 and 2020, investments in unconsolidated entities were $129.7 million and $0, respectively.
The following table provides the summarized financial information of our unconsolidated joint venture in Principal Place as of and for the periods set forth below:
As of December 31, 2021
Total Assets $ 1,133,943,189
Total Liabilities 640,809,702
Total Equity $ 493,133,487

For the period
November 2, 2021
through December 31, 2021
Total Revenues $ 5,891,879
Total Expenses 9,285,693
Net Loss $ (3,393,814)

v3.22.1

Intangibles
12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles Intangibles
The Company recorded in-place lease and above and below market lease intangibles as a result of its property acquisitions during the years ended December 31, 2021 and 2020. The gross carrying amount and accumulated amortization of the Company's intangible assets consisted of the following:
Intangible assets: December 31, 2021 December 31, 2020
In-place lease intangibles $ 41,209,749 $ 11,635,323
Lease origination costs 12,610,735 3,946,636
Lease inducements 1,708,038 1,708,038
Tax intangibles 3,054,438 —
Above-market lease intangibles 183,854 5,753
Total intangible assets 58,766,814 17,295,750
Accumulated amortization:
In-place lease intangibles (8,082,379) (5,586,764)
Lease origination costs (972,556) (521,929)
Lease inducements (533,673) (280,128)
Tax intangibles (20,544) —
Above-market lease intangibles (5,753) (5,753)
Total accumulated amortization (9,614,905) (6,394,574)
Intangible assets, net $ 49,151,909 $ 10,901,176
Intangible liabilities:
Below-market lease intangibles $ (28,520,699) $ (94,501)
Accumulated amortization 136,314 24,637
Intangible liabilities, net $ (28,384,385) $ (69,864)
The weighted average amortization periods of the acquired in-place lease intangibles, above-market lease intangibles and below-market lease intangibles is 76 months.
The following table details the Company's future amortization of intangible assets:
For the year ended: Amortization
2022 $ 8,703,021
2023 4,270,057
2024 3,812,958
2025 3,292,453
2026 3,038,078
Thereafter 26,035,342
Total $ 49,151,909
The following table details the Company's future amortization of intangible liabilities:
For the year ended: Amortization
2022 $ (1,333,347)
2023 (1,320,427)
2024 (1,320,427)
2025 (1,308,300)
2026 (1,501,879)
Thereafter (21,600,005)
Total $ (28,384,385)

v3.22.1

Investments in Real Estate-Related Loans
12 Months Ended

Dec. 31, 2021

Real Estate Investments, Net [Abstract]

Investments in Real Estate-Related Loans Investments in Real Estate-Related Loans and Securities
The following table summarizes the components of investments in real estate-related loans and securities as of December 31, 2021 and 2020:
December 31, 2021 December 31, 2020
Real estate-related loans $ 35,563,370 $ 49,750,971
Real estate-related securities 19,511,008 24,713,595
Total investments in real estate-related loans and securities $ 55,074,378 $ 74,464,566

The following tables detail the Company's real estate-related loan investments as of December 31, 2021 and 2020:
As of December 31, 2021
Investment Collateral
Interest Rate(1)
Maturity Date
Payment Terms(2)
Prior Liens Face Amount Unamortized Discount Carrying Amount
IMC/AMC Bond Investment International Markets Center
AmericasMart Atlanta L+6.15% December 2023 Principal due at maturity
$1.643 billion(3)
$ 25,000,000 $ (163,601) $ 24,836,399
111 Montgomery(4)
The 111 Montgomery Street Condominium
Brooklyn, New York L+7.00% February 2024 Principal due at maturity none 1,439,853 (91,409) 1,348,444
The Avery Senior Loan(4)
The Avery Condominium
San Francisco, California L+7.30% February 2024 Principal due at maturity none 7,655,908 (65,170) 7,590,738
The Avery Mezzanine Loan(4)
The Avery Condominium
San Francisco, California L+12.50% February 2024 Principal due at maturity
$200.1 million(5)
1,802,408 (14,619) 1,787,789
$ 35,898,169 $ (334,799) $ 35,563,370
(1) The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021, one-month LIBOR was equal to 0.10%.
(2) There are no delinquent principal or interest payments as of December 31, 2021.
(3)
The IMC / AMC Bond Investment is subordinate to a $1.15 billion first mortgage on properties owned by IMC and a $493 million first mortgage on properties owned by AMC.
(4)
The Company’s investment is held through its membership interest in an entity which aggregates the Company’s interest with interests held by other funds managed by the Sub-Adviser. The Company has been allocated its proportionate share of the loan based on its membership interest in the aggregating entity.
(5) The Avery Mezzanine Loan is subordinate to an Oaktree first mortgage loan of $200.1 million.
As of December 31, 2020
Investment Collateral
Interest Rate(1)
Maturity Date
Payment Terms(2)
Prior Liens Face Amount Unamortized Discount Carrying Amount
Atlantis Mezzanine Loan Atlantis Paradise Island Resort L+6.67% July 2021 Principal due at maturity
$1.525 billion(5)
$ 25,000,000 $ — $ 25,000,000
IMC/AMC Bond Investment International Markets Center
AmericasMart Atlanta L+6.15% December 2023 Principal due at maturity
$1.643 billion(3)
25,000,000 (249,029) 24,750,971
$ 50,000,000 $ (249,029) $ 49,750,971
(1) The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2020, one-month LIBOR was equal to 0.14%.
(2) There are no delinquent principal or interest payments as of December 31, 2021.
(3)
The IMC / AMC Bond Investment is subordinate to a $1.15 billion first mortgage on properties owned by IMC and a $493 million first mortgage on properties owned by AMC.
(4) The Avery Mezzanine Loan is subordinate to an Oaktree first mortgage commitment of $200.1 million.
(5)
The Atlantis Mezzanine Loan is subordinate to a first mortgage loan of $1.20 billion and a $325 million senior mezzanine loan.
On November 24, 2021, the Company sold the Atlantis Mezzanine Loan to an affiliate of the Adviser for $24.9 million and recognized a loss of $62,500.
On February 2, 2021, the Company funded $4.1 million to acquire an interest in an entity that holds a first mortgage loan investment (the "Montgomery Loan") in the 111 Montgomery Condominium, a 156 unit condominium tower located in Brooklyn, New York. The Montgomery Loan is secured by the 111 Montgomery Condominium development and bears interest at a floating rate of 7.0% over the one-month LIBOR). During the year ended December 31, 2021, the Company received net repayments of $2.7 million.
On February 21, 2021, the Company funded $10.3 million to acquire an interest in an entity that holds a first mortgage loan investment (the "Avery Senior Loan") in the Avery Condominium, a 548 unit condominium and luxury apartment tower located in San Francisco, California. The Avery Senior Loan is secured by the Avery Condominium development and bears interest at a
floating rate of 7.3% over the one-month LIBOR. During the year ended December 31, 2021, the Company received net repayments of $2.6 million.
On February 21, 2021, the Company funded $2.3 million to acquire an interest in an entity that holds a mezzanine mortgage loan investment (the "Avery Mezzanine Loan") in the Avery Condominium, a 548 unit condominium and luxury apartment tower located in San Francisco, California. The Avery Mezzanine Loan is secured by the Avery Condominium development and bears interest at a floating rate of 12.5% over the one-month LIBOR. During the year ended December 31, 2021, the Company received net repayments of $0.5 million.
The following tables detail the Company's investments in real estate-related securities as of December 31, 2021 and December 31, 2020:
December 31, 2021
Type of Security Number of Positions
Weighted Average Coupon(1)
Weighted Average Maturity Date(2)
Face Amount Cost Basis Fair Value
CMBS 4 L+4.0% February 2030 $ 19,760,000 $ 17,790,125 $ 19,511,008
Total investments in real estate-related securities $ 19,760,000 $ 17,790,125 $ 19,511,008
December 31, 2020
Type of Security Number of Positions
Weighted Average Coupon(1)
Weighted Average Maturity Date(2)
Face Amount Cost Basis Fair Value
CMBS 8 L+2.8% September 2036 $ 25,841,000 $ 21,670,668 $ 24,713,595
Total investments in real estate-related securities $ 25,841,000 $ 21,670,668 $ 24,713,595
(1) The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021 and 2020, one-month LIBOR was equal to 0.10% and 0.14% respectively. .Fixed rate CMBS real estate loans are reflected as a spread over the relevant floating benchmark rates for purposes of the weighted-averages.
(2) Weighted average maturity date is based on the fully extended maturity date of the instruments.
During the year ended December 31, 2021, the Company recorded net unrealized gains and net realized gains on its real estate-related securities investments of $1.7 million and $2.0 million, respectively. During the year ended December 31, 2020, the Company recorded net unrealized gains and net realized gains on its real estate-related securities investments of $3.0 million and $0.1 million, respectively. Such amounts are recorded as components of Other income (expense) on the Company's Consolidated Statements of Operations.

v3.22.1

Accounts and Other Receivables and Other Assets
12 Months Ended

Dec. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Accounts and Other Receivables and Other Assets Accounts and Other Receivables and Other Assets
The following table summarizes the components of accounts and other receivables and other assets as of December 31, 2021 and December 31, 2020:
Receivables December 31, 2021 December 31, 2020
Accounts receivable $ 1,258,307 $ 949,714
Straight-line rent receivable 2,252,699 1,954,662
Interest receivable 293,873 325,602
Allowance for doubtful accounts (48,768) (155,519)
Total accounts and other receivables, net $ 3,756,111 $ 3,074,459
Other assets December 31, 2021 December 31, 2020
Deposits $ 6,808,716 $ 474,306
Prepaid expenses 2,181,765 545,441
Capitalized fees 13,292 —
Derivatives(1)
1,430,697 —
Interest rate cap 83,561 86,000
Total other assets $ 10,518,031 $ 1,105,747
(1)
Represents an interest rate swap on the Two Liberty mortgage loan and a foreign currency swap related to the Company's non-U.S. investment. The notional amount of the interest rate swap is $33.8 million and the derivative expires in August 2024. Two Liberty receives a floating rate of one-month USD LIBOR and pays a fixed rate of 0.7225%. The notional amount of the foreign currency swap is £73.3 million GBP and the derivative settled in February 2022, at which time the Company entered into a three-month foreign currency swap at the same notional amount.

v3.22.1

Accounts Payable, Accrued Expenses and Other Liabilities
12 Months Ended

Dec. 31, 2021

Other Liabilities Disclosure [Abstract]

Accounts Payable, Accrued Expenses and Other Liabilities Accounts Payable, Accrued Expenses and Other Liabilities
The following table summarizes the components of accounts payable, accrued expenses and other liabilities as of December 31, 2021 and December 31, 2020:
December 31, 2021 December 31, 2020
Real estate taxes payable $ 2,350,065 $ 624,961
Accounts payable and accrued expenses 6,615,746 2,322,523
Prepaid rent 1,044,844 1,007,729
Accrued interest expense 509,213 326,586
Tenant security deposits 1,286,365 632,837
Derivative(1)
— 626,224
Distribution payable 2,822,987 768,521
Stock repurchases payable 1,593,971 —
Total accounts payable, accrued expenses and other liabilities $ 16,223,191 $ 6,309,381
(1)
Represents an interest rate swap on the Two Liberty Center mortgage loan. The notional amount of the swap is $33.8 million and expires in August 2024. Two Liberty Center receives a floating rate of one-month USD LIBOR and pays a fixed rate of 0.7225%.

v3.22.1

Mortgage Loans
12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Mortgage Loans Mortgage Loans and Indebtedness
The following table summarizes the components of mortgage loans and indebtedness as of December 31, 2021 and December 31, 2020:
Principal Balance as of
Indebtedness
Interest Rate(1)
Maturity Date December 31, 2021 December 31, 2020
Anzio Apartments mortgage loan L+1.59% May 2029 $ 44,400,000 $ 44,400,000
Two Liberty Center mortgage loan L+1.50% August 2024 62,085,155 61,971,000
Ezlyn mortgage loan 3.38% December 2026 — 53,040,000
Lakes at West Covina mortgage loan L+1.55% February 2025 25,603,855 25,202,380
Arbors of Las Colinas mortgage loan SOFR+2.24% January 2031 45,950,000 45,950,000
1110 Key Federal Hill mortgage loan 2.34% October 2028 51,520,000 —
Domain mortgage loan(2)
SOFR+1.50% December 2026 48,700,000 —
DreamWorks Animation Studios mortgage loan(3)
SOFR+1.65% October 2022 214,750,000 —
Secured Credit Facility(2)(4)
L + 1.95% November 2022 244,401,821 —
Affiliate Line of Credit L + 2.25% November 2022 105,000,000 —
Total indebtedness 842,410,831 230,563,380
Less: deferred financing costs, net (3,617,611) (1,376,424)
Total indebtedness, net $ 838,793,220 $ 229,186,956
(1)
The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021 and 2020, one-month LIBOR was equal to 0.10% and 0.14%, respectively. The term "SOFR" refers to the Secured Overnight Financing Rate. As of December 31, 2021 and 2020, SOFR was 0.05% and 0.08%, respectively.
(2) The Company assumed debt totaling $132.6 million in connection with the acquisition of Domain and The Burnham. The debt was refinanced in November 2021 with a $48.7 million mortgage loan secured by Domain and a $83.9 million borrowing on the Secured Credit Facility secured by The Burnham.
(3)
In March 2022, the Company repaid the $214.8 million mortgage loan and refinanced the property with a $212.2 million mortgage loan, which incurs interest at 3.20% and has a maturity date of March 2029.
(4) As of December 31, 2021, borrowings on the Secured Credit Facility are secured by the following properties: The Burnham, Flats on Front, Verso Apartments, 8400 Westphalia Road, 6123-6227 Monroe Court, and McLane Distribution Center. The facility has a one-year extension option to November 9, 2023, subject to certain conditions.

The following table presents the future principal payments due under the Company's mortgage loans as of December 31, 2021:
Year Amount
2022 $ 564,151,821
2023 —
2024 62,085,155
2025 25,603,855
2026 48,700,000
Thereafter 141,870,000
Total $ 842,410,831

The mortgage loans and secured credit facility are subject to various financial and operational covenants. These covenants require the Company to maintain certain financial ratios, which may include leverage, debt yield, and debt service coverage, among others. As of December 31, 2021, the Company is in compliance with all of its loan covenants that could result in a default under such agreements. At Two Liberty Center, cash flows from the property are currently held in a restricted cash account due to a debt service coverage ratio requirement.
Mortgage loans
During the years ended December 31, 2021 and 2020, the Company financed $315.0 million and $71.2 million, respectively, in mortgage loans related to its property acquisitions, which were subject to customary terms and conditions. During the years
ended December 31, 2021 and 2020, the Company repaid $53.0 million and $0, respectively, of mortgage loans. The $53.0 million mortgage loan repayment related to the sale of the Ezlyn property.
Secured Credit Facility
In November 2021, the Company entered into a credit agreement with Citibank, N.A. (the "Secured Credit Facility") providing for a senior secured credit facility to be used for the acquisition or refinancing of properties. Borrowings on the Secured Credit Facility are secured by certain properties in our portfolio. The initial maximum aggregate principal amount of the facility was $250.0 million, which was increased to $400.0 million on December 31, 2021. The Secured Credit Facility expires on November 9, 2022, and has a one-year extension option to November 9, 2023, subject to certain conditions. Borrowings under the Secured Credit Facility bears interest at a rate of LIBOR plus 1.95%. As of December 31, 2021, there was $244.4 million of outstanding borrowings on the Secured Credit Facility
Affiliate Line of Credit
In November 2021, the Company entered into a revolving line of credit with an affiliate of Brookfield (the "Affiliate Line of Credit"), providing for a discretionary, unsecured, uncommitted credit facility in a maximum aggregate principal amount of $125.0 million. The credit agreement expires on November 2, 2022, subject to one-year extension options requiring the lender's approval. Borrowings under the credit agreement will bear interest at a rate of the then-current rate offered by a third-party lender for a similar product, or, if no such rate is available, LIBOR plus 2.25%. As of December 31, 2021, there was $105.0 million of outstanding borrowings on the Affiliate Line of Credit.

v3.22.1

Related Party Transactions
12 Months Ended

Dec. 31, 2021

Related Party Transactions [Abstract]

Related Party Transactions Related Party Transactions
Acquisition of Investments
On November 2, 2021, the Company acquired two multifamily properties and a 20% interest in a joint venture that owns an office property (the "Brookfield Portfolio") from an affiliate of Brookfield. The Company issued 2,088,833 shares of Class E common stock and 12,380,554 units in the Operating Partnership as consideration for the acquisitions. The aggregate consideration was $173.2 million, which was equal to the fair value of the net assets of the Brookfield Portfolio based on third-party appraisals of the properties.
Disposition of Investments
On November 2, 2021, the Company sold its interest in a multifamily property, Ezlyn, to an affiliate of the Oaktree Adviser for $105 million. The sale price was equal to the most recently appraised value from a third-party appraiser obtained by the Company in connection with determining the Company's NAV. The Company received net proceeds of $42.4 million, which consisted of $8.6 million of cash and a $33.8 million preferred equity interest in an affiliate of Oaktree. On December 31, 2021, the Company assigned $5.0 million of its preferred equity interest to the affiliate of the Oaktree Adviser for $5.0 million of cash. On January 18, 2022, the Company assigned its remaining $28.8 million preferred equity interest to the affiliate of the Oaktree Adviser for $28.8 million.
On November 26, 2021, the Company sold a real estate-related loan, Atlantis Mezzanine Loan, to an affiliate of Brookfield for $25 million. The sale price was equal to the most recently appraised value from a third-party appraiser obtained by the Company in connection with determining the Company's NAV.
Management Fee
The Adviser is entitled to an annual management fee equal to 1.25% of the Company’s NAV, payable monthly, as compensation for the services it provides to the Company. Prior to the Adviser Transition, the Oaktree Adviser was entitled to an annual management fee equal to 1.00% of the Company's NAV, payable monthly, as compensation for the services it provides to the Company. The Oaktree Adviser agreed to waive its management fee from December 6, 2019 through June 6, 2020. The management fee can be paid, at the Adviser’s election, in cash, or shares of the Company's common stock. To date, the Adviser, and previously the Oaktree Adviser, has elected to receive the management fee in shares of the Company’s common stock.
During the year ended December 31, 2021, management fees earned by our Adviser were $0.6 million. During the year ended December 31, 2021, management fees earned by the Oaktree Adviser were $2.0 million. During the year ended December 31, 2020, the Oaktree Adviser earned management fees of $1.2 million.
Performance Fee
Prior to the Adviser Transition, the Oaktree Adviser earned a performance fee based on the total return of the Company. Total return is defined as distributions paid or accrued plus the change in the Company’s NAV, adjusted for subscriptions and repurchases. Pursuant to the Oaktree Advisory Agreement, the performance fee was equal to 12.5% of the total return in excess
of a 5% total return (after recouping any loss carryforward amount), subject to a catch-up. The performance fee for 2021 became payable to the Oaktree Adviser on the effective date the Adviser Transition in accordance with the Oaktree Advisory Agreement.
During the year ended December 31, 2021, the Oaktree Adviser earned a performance fee of $5.1 million, which is recognized as performance fees in the the Company's Consolidated Statements of Operations. In December 2021, the Company issued the Oaktree Adviser 429,340 shares of Class I common stock as payment for the 2021 performance fee. Such Class I shares were issued at the NAV per unit as of November 2, 2021.
During the year ended December 31, 2020, the Oaktree Adviser earned a performance fee of $2.2 million, which is recognized as performance fees in the the Company's Consolidated Statements of Operations. In April 2021, the Company paid $2.2 million in cash as payment of the 2020 performance fee.
Performance Participation Allocation
Subsequent to the Adviser Transition, the Special Limited Partner, an affiliate of Brookfield, received a performance participation allocation from the Operating Partnership based on the total return of the Operating Partnership for the period November 3, 2021 through December 31, 2021. Total return is defined as distributions paid or accrued plus the change in the Company’s NAV, adjusted for subscriptions and repurchases. Under the Operating Partnership agreement, the annual total return will be allocated 100% to the Special Limited Partner only after the other unit holders have received a total return of 5% (after recouping any loss carryforward amount) and such allocation will continue until the allocation between the Special Limited Partner and all other Operating Partnership unit holders is equal to 12.5% and 87.5%, respectively. The allocation of the performance participation interest is ultimately determined at the end of each calendar year and will be paid in Operating Partnership units or cash, at the election of the Special Limited Partner.
During the year ended December 31, 2021, the Company recognized $2.3 million of performance participation allocation in the Company's Consolidated Statements of Operations. The 2021 performance participation became payable on December 31, 2021, and in March 2022 the Company caused the Operating Partnership to issue 186,362 Class E units in the Operating Partnership ("Class E OP Units") to the Special Limited Partner as payment for the 2021 performance participation allocation. Such Class E OP Units were issued at the NAV per unit as of December 31, 2021.
Sub-Adviser Agreements
The Adviser has engaged the Sub-Adviser, Oaktree Fund Advisors, LLC as our sub-adviser to (i) perform the functions related to selecting and managing the Liquidity Sleeve pursuant to a sub-advisory agreement (the "Liquidity Sleeve Sub-Advisory Agreement") and (ii) manage the Oaktree Option Investments pursuant to a separate sub-advisory agreement (the "Oaktree Assets Sub-Advisory Agreement" and together with the Liquidity Sleeve Sub-Advisory Agreement, the “Sub-Advisory Agreements”).
Pursuant to the Liquidity Sleeve Sub-Advisory Agreement, the Sub-Adviser provides services related to the acquisition, management and disposition of the Liquidity Sleeve in accordance with our investment objectives, strategy, guidelines, policies and limitations. Pursuant to the Oaktree Assets Sub-Advisory Agreement, the Sub-Adviser manages the Oaktree Option Investments. The fees paid to the Sub-Adviser pursuant to the Sub-Advisory Agreements will not be paid by us, but will instead be paid by the Adviser out of the management and performance fees that we pay to the Adviser. The Sub-Adviser performs its duties and will serve as a fiduciary under the Sub-Advisory Agreements.
The Sub-Adviser earns management and performance fees pursuant to the terms of the Sub-Adviser Agreement. These fees are paid by the Adviser out of the management fee and performance participation interest earned by the Advisor; therefore no management or performance fees related to the Sub-Advisory Agreements have been recognized in the accompanying Consolidated Statements of Operations .
Oaktree Line of Credit
On June 5, 2020, the Company entered into a line of credit (the “Oaktree Credit Agreement”) with Oaktree Fund GP I, L.P. (“Oaktree Lender”), an affiliate of Oaktree, providing for a discretionary, unsecured, uncommitted credit facility in a maximum aggregate principal amount of $125 million. The Oaktree Credit Agreement expired on June 30, 2021, subject to one-year extension options requiring Lender approval. Borrowings under the Oaktree Credit Agreement incurred interest at a rate of the then-current rate offered by a third-party lender, or, if no such rate is available, LIBOR plus 2.25%. The Oaktree Credit Agreement was terminated on November 2, 2021, the date of the Adviser Transition.
Broker-Dealer
The Company has engaged Brookfield Oaktree Wealth Solutions, LLC (the “Dealer Manager”), a registered broker dealer affiliated with the Adviser, as the dealer manager for the Current Offering. The Company accrues the full amount of the future stockholder servicing fees payable to the Dealer Manager for Class S, Class T, and Class D shares up to the 8.75% of gross
proceeds limit at the time such shares are sold. The Dealer Manager has entered into agreements with the selected dealers distributing the Company’s shares in the Offering, which provide, among other things, for the re-allowance of the full amount of the selling commissions and dealer manager fee and all or a portion of the stockholder servicing fees received by the Dealer Manager to such selected dealers.
Advanced Organization and Offering Costs
The Adviser has agreed to advance all of the Company's organization and offering expenses on its behalf (other than upfront selling commissions, dealer manager fees and stockholder servicing fees) through July 6, 2022. The Company will reimburse the Adviser for all such advanced expenses ratably over 60 months commencing July 6, 2022. We will reimburse the Adviser for any organization and offering expenses that it incurs on our behalf as and when incurred after July 6, 2022. As part of the Adviser Transition, the Adviser has acquired the Sub-Adviser’s receivable related to the organization and offering expenses previously incurred by the Sub-Adviser and is to be reimbursed therefor.
Brookfield Repurchase Agreement
An affiliate of Brookfield (the "Brookfield Investor") was issued shares of the Company's common stock and Class E OP Units in connection with its contribution of certain properties on November 2, 2021. The Company and the Operating Partnership have entered into a repurchase arrangement with the Brookfield Investor (the "Brookfield Repurchase Agreement") pursuant to which the Operating Partnership will offer to repurchase Class E OP Units from the Brookfield Investor at a price per unit equal to the most recently determined NAV per Class E OP Unit immediately prior to each repurchase. The Brookfield Investor has agreed to not seek repurchase of the Class E OP Units that it owns if doing so would bring the value of its equity holdings in the Company and the Operating Partnership below $50 million. In addition, the Brookfield Investor has agreed to hold all of the shares of common stock and Operating Partnership units that it received in consideration for the contribution of the Brookfield Portfolio until the earlier of (i) the first date that the Company's NAV reaches $1.5 billion and (ii) the date that is the third anniversary of November 2, 2021. Following such date, the Brookfield Investor may cause the Company to repurchase its shares and Operating Partnership units (above the $50 million minimum), in an amount equal to the sum of (a) the amount available under the Company's share repurchase plan’s 2% monthly and 5% quarterly caps (after accounting for third-party investor repurchases) and (b) 25% of the amount by which net proceeds from the Offering and the Company's private offerings of common stock for a given month exceed the amount of repurchases for such month pursuant to the Company's share repurchase plan. The Company will not effect any such repurchase during any month in which the full amount of all shares requested to be repurchased by third-party investors under the share repurchase plan is not repurchased. For the year ended December 31, 2021, the Company and the Operating Partnership did not repurchase any shares or Operating Partnership units from the Brookfield Investor as part of the Brookfield Repurchase Agreement.
Oaktree Repurchase Agreement
On September 11, 2019, the board of directors of the Company, including a majority of the independent directors, adopted an arrangement with the Oaktree Investor (the "Oaktree Repurchase Agreement") to repurchase any shares of the Company’s Class I common stock that Oaktree Investor, an affiliate of the Oaktree Adviser, acquired prior to the breaking of escrow in the Initial Public Offering. The board of directors approved the Oaktree Repurchase Agreement in recognition of the Oaktree Investor’s intent to subscribe for shares of the Company’s Class I common stock in an amount such that, together with all other subscriptions for the Company’s common stock, the escrow minimum offering amount would be satisfied. As of December 6, 2019, the Company satisfied the minimum offering requirement and the Company’s board of directors authorized the release of proceeds from escrow. As of such date, the escrow agent released gross proceeds of approximately $150.0 million (including approximately $86.9 million that was funded by the Oaktree Investor) to the Company in connection with the sale of shares of the Company’s common stock. Under the Oaktree Repurchase Agreement, subject to certain limitations, on the last calendar day of each month the Company will offer to repurchase shares of its common stock from the Oaktree Investor in an aggregate dollar amount (the “Monthly Repurchase Amount”) equal to (i) the net proceeds from new subscriptions that month less (ii) the aggregate repurchase price (excluding any amount of the aggregate repurchase price paid using cash flow from operations not used to pay distributions) of shares repurchased by the Company that month from investors pursuant to the Company’s existing share repurchase plan. In addition to the Monthly Repurchase Amount for the applicable month, the Company will offer to repurchase any Monthly Repurchase Amounts from prior months that have not yet been repurchased. The price per share for each repurchase from the Oaktree Investor will be the lesser of (a) the $10.00 per share initial cost of the shares and (b) the transaction price in effect for the Class I shares at the time of repurchase. The repurchase arrangement is not subject to any time limit and will continue until the Company has repurchased all of the Oaktree Investor’s shares. During the years ended December 31, 2021 and 2020, the Company repurchased 6,186,397 shares for $61.9 million and 2,521,620 shares for $25.2 million, respectively, from the Oaktree Investor. As of December 31, 2021, the Oaktree Investor did not hold any shares of common stock.
Option Investment Purchase Agreement
The Company entered into an Option Investments Purchase Agreement with Oaktree on November 2, 2021, pursuant to which Oaktree will have the right to purchase the Operating Partnership’s entire interest in four properties (Anzio Apartments, Arbors of Las Colinas, Two Liberty Center, and Lakes at West Covina), four real estate-related loan investments (IMC/AMC Bond Investment, 111 Montgomery, The Avery Senior Loan, The Avery Mezzanine Loan), and one real estate-related security investment (BX 2019 IMC G). Oaktree will have the right to purchase these investments for a period of 12 months following the earlier of (i) 18 months after November 2, 2021, the date of completion of the Adviser Transition, and (ii) the date on which the Company notifies Oaktree that it has issued in the aggregate $1 billion of our common stock to non-affiliates since November 2, 2021, at a price equal to the fair value of the applicable Option Investments, as determined in connection with the Company's most recently determined NAV immediately prior to the closing of such purchase. As of December 31, 2021, the conditions to commence the option period have not occurred.
Brookfield Subscription Agreement
On November 30, 2021, the Operating Partnership and the Brookfield Investor entered into a subscription agreement (the “Subscription Agreement”) pursuant to which the Brookfield Investor agreed to purchase up to $83 million in Class E OP Units upon the request of the general partner of the Operating Partnership, of which the Company is the sole member. The Class E OP Units purchased by the Brookfield Investor pursuant to the Subscription Agreement will not be subject to the Brookfield Repurchase Agreement. Pursuant to the Subscription Agreement, the general partner of the Operating Partnership, of which the Company is the sole member, has agreed to waive the twelve-month holding period set forth in Section 8.5(a) of the partnership agreement of the Operating Partnership with respect to Class E OP Units purchased by the Brookfield Investor pursuant to the Subscription Agreement. The Brookfield Investor will have the right to cause the Operating Partnership to redeem all or a portion of the Class E OP Units it purchases pursuant to the Subscription Agreement for, at the sole discretion of the general partner, shares of common stock, cash or a combination of both. On December 1, 2021, the Brookfield Investor was issued 3,756,480 Class E OP Units for $45 million of proceeds. On January 3, 2022, the Brookfield Investor was issued 3,075,006 Class E OP Units for $38 million of proceeds.
Affiliate Service Provider Expenses
The Company may retain certain of the Adviser’s affiliates for necessary services relating to the Company’s investments or its operations, including any administrative services, construction, special servicing, leasing, development, property oversight and other property management services, as well as services related to group purchasing, healthcare, consulting/brokerage, capital markets/credit origination, loan servicing, property, title and/or other types of insurance, management consulting and other similar operational matters. Any such arrangements will be at market terms and rates.
The Company has engaged Brookfield Properties, an affiliate of Brookfield, to provide operational services (including, without limitation, property management, construction and project management and leasing) and corporate support services (including, without limitation, accounting and administrative services) for the Company. During the year ended December 31, 2021, the Company incurred $628,166 of expenses in connection with the services provided by Brookfield Properties. There were no services provided by Brookfield Properties to the Company for the year ended December 31, 2020.
Captive Insurance Company
BPG Bermuda Insurance Limited ("BAM Insurance Captive"), a Brookfield affiliate, provides multifamily property and liability insurance for certain of the Company's multifamily properties. During the year ended December 31, 2021, the Company paid BAM Insurance Captive $15,367 for insurance premiums at two multifamily properties. There were no premiums paid to BAM Insurance Captive for the year ended December 31, 2020.
Affiliate Title Service Provider
Horizon Land Services (“Horizon”), a Brookfield affiliate, provides title insurance for certain of our properties. Horizon acts as an agent for one or more underwriters in issuing title policies and/or providing support services in connection with investments by the Company. During the year ended December 31, 2021, the Company paid Horizon $65,649 for title services for three properties. There were no services provided by Horizon to the Company for the year ended December 31, 2020.
Due to Affiliates
The following table details the components of due to affiliates:
December 31, 2021 December 31, 2020
Accrued stockholder servicing fee $ 14,219,258 $ —
Stock repurchase payable to Oaktree Adviser for management and performance fees 6,682,115 2,648,988
Advanced organization and offering costs 12,022,148 6,674,675
Accrued performance fee — 2,415,783
Accrued performance participation allocation 2,345,920 —
Accrued management fee 620,706 384,013
Total $ 35,890,147 $ 12,123,459

v3.22.1

Stockholder's Equity
12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Stockholder's Equity Stockholders’ Equity and Redeemable Non-controlling Interests
Authorized Capital
On April 30, 2018, the SEC declared effective the Company’s registration statement on Form S-11 for the Previous Offering. On November 2, 2021, the SEC declared effective the Company’s registration statement on Form S-11 (File No. 333-255557) for the Current Offering of up to $6,000,000,000 in shares in its primary offering and up to $1,500,000,000 in shares pursuant to its distribution reinvestment plan. The Previous Offering terminated upon the commencement of the Current Offering. Pursuant to the Current Offering, the Company is offering to sell any combination of four classes of shares of its common stock, Class T shares, Class S shares, Class D shares and Class I shares, with a dollar value up to the maximum offering amount. The share classes have different upfront selling commissions and ongoing stockholder servicing fees. The Company is also offering Class C and Class E shares in a private offering. Other than the differences in upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees, each class of common stock has the same economic and voting rights.

Classification No. of
Authorized Shares Par Value
Per Share
Preferred stock 50,000,000 $ 0.01
Class T common stock 225,000,000 $ 0.01
Class S common stock 225,000,000 $ 0.01
Class D common stock 100,000,000 $ 0.01
Class C common stock 100,000,000 $ 0.01
Class E common stock 100,000,000 $ 0.00
Class I common stock 250,000,000 $ 0.01
1,050,000,000
Common Stock
The following tables detail the movement in the Company's outstanding shares of common stock:
Class S Class I Class C Class E Total
January 1, 2019 — 20,000 — — 20,000
Common stock issued 5,851,600 9,118,617 — — 14,970,217
Independent directors' restricted stock vested — 7,000 — — 7,000
December 31, 2019 5,851,600 9,145,617 — — 14,997,217
Common stock issued 7,040,896 759,820 — — 7,800,716
Distribution reinvestment 205,798 9,763 — — 215,561
Independent directors' restricted stock vested — 5,749 — — 5,749
Common stock issued for management fees — 78,022 — — 78,022
Repurchases of common stock (65,644) (2,521,620) — — (2,587,264)
December 31, 2020 13,032,650 7,477,351 — — 20,510,001
Common stock issued 7,145,670 1,579,963 1,644,303 2,088,834 12,458,770
Distribution reinvestment 432,420 34,585 — 9,137 476,142
Independent directors' restricted stock vested — 13,415 — — 13,415
Common stock issued for management fees — 216,793 — — 216,793
Common stock issued for performance fees — 429,340 — — 429,340
Repurchases of common stock (564,965) (6,926,239) — — (7,491,204)
December 31, 2021 20,045,775 2,825,208 1,644,303 2,097,971 26,613,257
As of December 31, 2021, no Class T or Class D shares had been issued.
Distributions
The Company generally intends to distribute substantially all of its taxable income, which does not necessarily equal net income as calculated in accordance with GAAP, to its stockholders each year to comply with the REIT provisions of the Code.
Each class of the Company's common stock receives the same aggregate gross distribution per share. The net distribution varies for each class based on the applicable stockholder servicing fee and management fee, which is deducted from the monthly distribution per share and paid directly to the applicable distributor.
The following table details the net distributions declared for each of our share classes as of December 31, 2021:
Declaration Date Class S Shares Class I Shares Class C Shares Class E Shares Class T Shares Class D Shares
December 31, 2019 $ 0.0189 $ 0.0250 $ — $ — $ — $ —
January 30, 2020 0.0222 0.0294 — — — —
February 27, 2020 0.0272 0.0341 — — — —
March 30, 2020 0.0267 0.0341 — — — —
April 30, 2020 0.0272 0.0344 — — — —
May 29, 2020 0.0288 0.0361 — — — —
June 30, 2020 0.0293 0.0365 — — — —
July 30, 2020 0.0291 0.0365 — — — —
August 28, 2020 0.0293 0.0367 — — — —
September 29, 2020 0.0295 0.0367 — — — —
October 29, 2020 0.0294 0.0369 — — — —
November 25, 2020 0.0320 0.0392 — — — —
December 30, 2020 0.0342 0.0417 — — — —
January 28, 2021 0.0344 0.0420 — — — —
February 25, 2021 0.0352 0.0420 — — — —
March 30, 2021 0.0346 0.0422 0.0422 — — —
April 29, 2021 0.0348 0.0422 0.0422 — — —
May 27, 2021 0.0350 0.0427 0.0427 — — —
June 29, 2021 0.0355 0.0430 0.0430 — — —
July 29, 2021 0.0355 0.0433 0.0433 — — —
August 30, 2021 0.0358 0.0435 0.0435 — — —
September 29, 2021 0.0367 0.0443 0.0443 — — —
October 28, 2021 0.0391 0.0474 0.0474 — — —
November 29, 2021 0.0443 0.0524 0.0524 0.0524 — —
December 29, 2021 0.0454 0.0539 0.0539 0.0539 — —
Total $ 0.8101 $ 0.9962 $ 0.4549 $ 0.1063 $ — $ —

Distribution Reinvestment Plan
The Company has adopted a distribution reinvestment plan whereby stockholders (other than Alabama, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nebraska, New Jersey, North Carolina, Ohio, Oregon, Vermont and Washington investors) will have their cash distributions automatically reinvested in additional shares of common stock unless they elect to receive their distributions in cash. Alabama, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nebraska, New Jersey, North Carolina, Ohio, Oregon, Vermont and Washington investors will automatically receive their distributions in cash unless they elect to have their cash distributions reinvested in additional shares of the Company’s common stock. The per share purchase price for shares purchased pursuant to the distribution reinvestment plan will be equal to the offering price before upfront selling commissions and dealer manager fees (the “transaction price”) at the time the distribution is payable, which will generally be equal to the Company’s prior month’s NAV per share for that share class. Stockholders will not pay upfront selling commissions or dealer manager fees when purchasing shares pursuant to the distribution reinvestment plan. The stockholder servicing fees with respect to shares of the Company’s Class T shares, Class S shares and Class D shares are calculated based
on the NAV for those shares and may reduce the NAV or, alternatively, the distributions payable with respect to shares of each such class, including shares issued in respect of distributions on such shares under the distribution reinvestment plan. During the years ended December 31, 2021 and 2020, the Company reinvested $5.2 million and $2.2 million of distributions for 215,561 and 476,142 shares of common stock, respectively. There were no distributions reinvested during the year ended December 31, 2019.
Non-controlling Interests Attributable to Preferred Shareholders
Certain subsidiaries of the Company have elected to be treated as REITs for U.S. federal income tax purpose. These subsidiaries have issued preferred non-voting shares to be held by investors to ensure compliance with the Code requirement that REITs have at least 100 shareholders. The preferred shares have a price of $1,000 and carry a 12.5% annual dividend payable annually. As of December 31, 2021, there were $375,000 of preferred non-voting shares outstanding.
Redeemable Non-controlling Interest
The Brookfield Investor holds Class E OP Units in connection with its contribution of certain properties on November 2, 2021, and a subsequent cash contribution to the Operating Partnership. Because the Brookfield Investor has the ability to redeem its Class E OP Units for Class E shares or cash, subject to certain restrictions, the Company has classified these Class E OP Units as Redeemable non-controlling interest in mezzanine equity on the Company’s Consolidated Balance Sheets. The Redeemable non-controlling interest is recorded at the greater of the carrying amount, adjusted for its share of the allocation of income or loss and dividends, or the redemption value, which is equivalent to fair value, of such units at the end of each measurement period. As the redemption value was greater than the adjusted carrying value at December 31, 2021, the Company recorded an allocation adjustment of $5.2 million between Additional paid-in capital and Redeemable non-controlling interest.
The following table summarizes the Redeemable non-controlling interest activity for the year ended December 31, 2021. There were no Redeemable non-controlling interests for the year ended December 31, 2020:
December 31, 2021
Balance at beginning of the year $ —
Limited Partner Asset Contributions 148,175,420
Limited Partner Cash Contribution 45,000,000
Repurchases —
GAAP Income Allocation 2,577,946
Distributions (1,521,446)
Distributions Reinvested 648,741
Fair Value Allocation 5,205,194
Balance at the end of the year $ 200,085,855

Share Repurchase Plan
The Company has adopted a share repurchase plan, whereby on a monthly basis, stockholders may request that the Company repurchase all or any portion of their shares. The Company may choose to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any particular month, in its discretion, subject to any limitations in the share repurchase plan. The total amount of aggregate repurchases of Class T, Class S, Class D, and Class I shares will be limited to 2% of the aggregate NAV per month and 5% of the aggregate NAV per calendar quarter. Shares would be repurchased at a price equal to the transaction price on the applicable repurchase date, subject to any early repurchase deduction. Shares that have not been outstanding for at least one year would be repurchased at 95% of the transaction price. Due to the illiquid nature of investments in real estate, the Company may not have sufficient liquid resources to fund repurchase requests and has established limitations on the amount of funds the Company may use for repurchases during any calendar month and quarter. Further, the Company’s board of directors may modify or suspend the share repurchase plan.
During the years ended December 31, 2021, 2020 and 2019, the Company repurchased 7,491,201 and 2,587,264 shares of common stock representing a total of $76,925,368 and $25,854,887, respectively. During the years ended December 31, 2021 and 2020, the Company repurchased 6,186,397 and 2,521,620 shares of common stock representing a total of $61.9 million and $25.2 million, respectively, from the Oaktree Investor pursuant to the Oaktree Repurchase Agreement. The Company did not repurchase any shares of common stock during the year ended December 31, 2019. The Company had no unfulfilled repurchase requests during the years ended December 31, 2021 and 2020.

v3.22.1

Commitments and Contingencies
12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Commitments and ContingenciesFrom time to time, the Company may be involved in various claims and legal actions arising in the ordinary course of business. As of December 31, 2021, the Company is not subject to any material litigation nor is the Company aware of any material litigation threatened against it.

v3.22.1

Five Year Minimum Rental Payments
12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Five Year Minimum Rental Payments Five Year Minimum Rental Payments
The following table details the undiscounted future minimum rents the Company expects to receive for its logistics, alternative, and office properties as of December 31, 2021. The table below excludes our multifamily and single family rental properties as substantially all leases are shorter term in nature.
Year Future Minimum Rents
2022 $ 29,458,056
2023 29,539,552
2024 26,399,968
2025 25,268,495
2026 22,583,615
Thereafter 153,156,778
Total $ 286,406,464

v3.22.1

Segment Reporting
12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Reporting Segment Reporting
The Company operates in six reportable segments: multifamily, office, logistics, alternatives, investments in unconsolidated entities and real estate-related loans and securities. The Company allocates resources and evaluates results based on the performance of each segment individually. The Company believes that segment net operating income is the key performance metric that captures the unique operating characteristics of each segment.
The following table sets forth the total assets by segment:
December 31, 2021 December 31, 2020
Multifamily $ 583,308,458 $ 204,408,015
Office 126,966,165 134,521,921
Logistics 74,038,737 —
Alternatives 332,796,506 —
Investments in unconsolidated entities 129,671,086 —
Real estate-related loans and securities 55,074,378 74,464,566
Other (Corporate) 72,858,109 27,479,107
Total assets $ 1,374,713,439 $ 440,873,609

v3.22.1

Subsequent Events
12 Months Ended

Dec. 31, 2021

Subsequent Events [Abstract]

Subsequent Events Subsequent Events
The Company has evaluated events from December 31, 2021 through the date the financial statements were issued.
Acquisitions
•The Company acquired two multifamily and two logistics properties for $264.2 million, exclusive of closing costs.
Financings
•The Company borrowed $105.3 million on the Secured Credit Facility in connection with acquisitions.
•The Company closed on a term loan secured by five multifamily properties for $372.8 million. The term loan has a term of five years and incurs interest at a rate of SOFR + 1.70%. In connection with the financing, the Company repaid $256.9 million of borrowings on the Secured Credit Facility.
•The Company closed on a $212.2 million mortgage loan secured by DreamWorks Animation Studios. The mortgage loan has a term of seven years and incurs interest at a fixed rate of 3.20%. In connection with the financing, the Company repaid the existing $214.8 million mortgage loan secured by the property.
•The Company increased the capacity of the Secured Credit Facility to $500.0 million.
Changes to Performance Fee
•The Company amended the Advisory Agreement and the Operating Partnership agreement to provide for the payment of a performance fee to the Advisor and eliminate the Performance Participation Allocation. The changes are effective January 1, 2022. The Company also amended the Oaktree Assets Sub-Advisory Agreement and the Brookfield Repurchase Arrangement to reflect such change.
Amendment to Our Charter
On January 7, 2022, we filed a Third Articles of Amendment with the State Department of Assessments and Taxation of Maryland to change the par value of our shares of Class E common stock from $0.01 par value per share to no par value per share.
Status of the Offering
As of March 31, 2022, the Company has sold an aggregate of 34,625,036 shares of its common stock (consisting of 24,708,294 Class S shares, 3,916,110 Class I shares, 3,479,275 Class C shares and 2,521,357 Class E shares) in the Offering resulting in net proceeds of $379,629,994 to the Company as payment for such shares.

v3.22.1

Schedule III—Real Estate and Accumulated Depreciation
12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III—Real Estate and Accumulated Depreciation
Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2021
Initial Cost
Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at the Close of Period
Description Location Encumbrances Land and Land Improvements Building and Building Improvements Land and Land Improvements Building and Building Improvements Land and Land Improvements Building and Building Improvements Total Accumulated Depreciation Year Built Year Acquired
Depreciable Lives(1)
Multifamily properties:
Anzio Apartments Atlanta, GA $ 44,400,000 $ 6,105,370 $ 50,790,146 $ 345,809 $ 1,557,718 $ 6,451,179 $ 52,347,864 $ 58,799,043 $ (5,760,528) 1986 2019 (1)
Arbors of Las Colinas Dallas, TX 45,950,000 16,315,398 44,885,252 427,948 698,663 16,743,346 45,583,915 62,327,261 (1,613,317) 1984 2020 (1)
1110 Key Federal Hill Baltimore, MD 51,520,000 10,309,649 61,907,837 5,355 95,588 10,315,004 62,003,425 72,318,428 (531,795) 2019 2021 (1)
Domain Orlando, FL 48,700,000 10,510,782 61,750,846 — — 10,510,782 61,750,846 72,261,628 (253,630) 2017 2021 (1)
The Burnham Nashville, TN (2) — 14,151,352 111,518,263 — 96,241 14,151,352 111,614,504 125,765,856 (390,074) 2017 2021 (1)
Flats on Front Wilmington , NC (2) — 6,476,446 88,837,297 51,420 — 6,527,866 88,837,297 95,365,163 (71,172) 2021 2021 (1)
Verso Beaverton, OR (2) — 8,100,316 61,138,573 — — 8,100,316 61,138,573 69,238,889 (43,854) 2021 2021 (1)
Total Multifamily Properties $ 190,570,000 $ 71,969,313 $ 480,828,214 $ 830,532 $ 2,448,210 $ 72,799,845 $ 483,276,424 $ 556,076,268 $ (8,664,370)
Logistics properties:
6227 Monroe Ct Chicago, IL (2) $ — $ 5,624,892 $ 9,803,819 $ — $ — $ 5,624,892 $ 9,803,820 $ 15,428,712 $ (77,678) 1968 2021 (1)
8400 Westphalia Upper Marlboro, MD (2) — 11,676,176 17,160,777 — — 11,676,176 17,160,777 28,836,953 (129,067) 2005 2021 (1)
McLane Distribution Facility Lakeland, FL (2) — 3,216,758 22,039,177 — — 3,216,758 22,039,178 25,255,936 (148,352) 1973 2021 (1)
Total Logistics Properties $ — $ 20,517,826 $ 49,003,773 $ — $ — $ 20,517,826 $ 49,003,775 $ 69,521,601 $ (355,097)
Office properties:
Two Liberty Center Arlington, VA $ 62,085,155 $ 3,074,700 $ 84,040,343 $ — $ — $ 3,074,700 $ 84,040,343 $ 87,115,043 $ (6,654,930) 2007 2019 (1)
Lakes at West Covina Los Angeles, CA 25,603,855 4,414,576 31,012,815 — 827,178 4,414,576 31,839,992 36,254,568 (3,403,951) 1990 2020 (1)
Total Office Properties $ 87,689,010 $ 7,489,276 $ 115,053,158 $ — $ 827,178 $ 7,489,276 $ 115,880,335 $ 123,369,611 $ (10,058,881)
Alternative properties:
DreamWorks Animation Studios Glendale, CA $ 214,750,000 $ 74,803,322 $ 247,834,601 $ — $ — $ 74,803,323 $ 247,834,601 $ 322,637,924 $ (295,440) 1997 2021 (1)
Single Family Rental Portfolio Various — 737,775 3,102,153 — 605 737,775 3,102,758 3,840,532 — Various Various (1)
Total Alternative Properties $ 214,750,000 $ 75,541,097 $ 250,936,754 $ — $ 605 $ 75,541,098 $ 250,937,359 $ 326,478,456 $ (295,440)
Portfolio Total $ 493,009,010 $ 175,517,512 $ 895,821,899 $ 830,532 $ 3,275,993 $ 176,348,045 $ 899,097,893 $ 1,075,445,936 $ (19,373,788)
(1) Refer to Note 2 of the Consolidated Financial Statements for details of depreciable lives.
(2) These properties secure a $244.4 million balance on a secured credit facility.
Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2021 - Continued

The total included on Schedule III does not include furniture, fixtures and equipment totaling $10.1 million. Accumulated depreciation does not include $1.3 million of accumulated depreciation related to furniture, fixtures and equipment.

The following table summarizes activity for real estate and accumulated depreciation for the years ended December 31, 2021 and 2020:

December 31, 2021 December 31, 2020
Real Estate:
Balance at the beginning of the year $ 325,093,990 $ 226,209,568
Additions during the year:
Land and land improvements 145,607,469 20,729,974
Building and building improvements 684,635,995 78,154,448
Dispositions during the year:
Land and land improvements (12,502,979) —
Building and building improvements (67,388,539) —
Balance at the end of the year $ 1,075,445,936 $ 325,093,990
Accumulated Depreciation:
Balance at the beginning of the year $ (11,590,454) $ (1,844,854)
Accumulated depreciation (12,406,086) (9,745,600)
Dispositions 4,622,752 —
Balance at the end of the year $ (19,373,788) $ (11,590,454)

v3.22.1

Summary of Significant Accounting Policies (Policies)
12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Basis of Presentation
Basis of Presentation and Principles of Consolidation
The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include the accounts of the Company, the Company's subsidiaries and joint ventures in which the Company has a controlling financial interest. All significant intercompany balances and transactions have been eliminated in consolidation. Certain comparative figures have been reclassified to conform to the current year presentation.

Recent Accounting Pronouncements
Recent Accounting Pronouncements
In March 2020, the FASB issued guidance which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offer Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance is effective upon issuance and generally may be elected over time through December 31, 2022. The Company has not adopted any of the optional expedients or exceptions through December 31, 2021, but will continue to evaluate the possible adoption (including potential impact) of any such expedients or exceptions during the effective period as circumstances evolve.
In February 2016, the FASB issued a new leasing standard which requires lessees to clarify leases as either finance or operating leases based on certain criteria and record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The standard also eliminates current real estate-specific provisions and changes initial direct costs and lease executory costs for all entities. The new guidance will require lessees and lessors to capitalize, as initial direct costs, only those costs that are incurred due to the execution of a lease, with any other costs incurred, including allocated indirect costs, expensed as incurred. In addition, the new standard requires that lease and non-lease components of a contract be bifurcated, with non-lease components (including
reimbursements for real estate taxes, utilities, insurance and other common area maintenance and other executory costs) subject to the new revenue recognition standard effective upon adoption of the new leasing standard. In July 2018, the FASB issued an amendment to the leasing standard that allows lessors to elect, as a practical expedient, not to allocate the total consideration in a contract to lease and non-lease components based on their relative standalone selling prices. Rather, this practical expedient allows lessors to elect to account for the combined component as an operating lease if (i) the timing and pattern of transfer of the lease component and non-lease component(s) are the same; (ii) the lease component would be classified as an operating lease if accounted for separately; and (iii) the lease component is the predominant component of the arrangement. If we elect this practical expedient subsequent to adoption, tenant recoveries and other components that would otherwise qualify as non-lease components would be accounted for as lease components and recognized in rental revenues. The amendment also provided an optional transition method to make the initial application date of the new lease standard the date of adoption, with a cumulative-effect adjustment recognized to the opening balance of retained earnings. Consequently, for an entity that elects the optional transition method, the entity’s reporting and disclosures for comparative historical periods presented in the financial statements will continue to be in accordance with current GAAP. In December 2018, the FASB made a narrow-scope amendment that would preclude a lessor from having to recognize lessor costs paid by a lessee directly to a third-party when the lessor cannot reasonably estimate such costs. The Company expects to elect the package of practical expedients to not reassess (i) whether existing arrangements are or contain a lease, (ii) the classification of an operating or financing lease in a period prior to adoption, and (iii) any initial direct costs for existing leases. Additionally, the Company expects to elect to not use hindsight and carry forward its lease term assumptions when adopting this standard and not recognize lease liabilities and lease assets for leases with a term of 12 months or less. The Company will adopt the new leasing standard effective January 1, 2022. The Company is currently evaluating the impact of adopting this standard on its Consolidated Financial Statements.
In June 2016, the FASB issued guidance on the measurement of credit losses on financial instruments. The standard will replace the incurred loss impairment methodology pursuant to GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The guidance is effective for the Company beginning after December 15, 2022, including interim periods within that reporting period, with early adoption permitted after December 15, 2018, including interim periods within that reporting period. The Company is currently evaluating the impact of adopting this ASU on its Consolidated Financial Statements. In March 2020, the FASB issued guidance which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates. The guidance is effective upon issuance and generally may be elected over time through December 31, 2022. The Company has not adopted any of the optional expedients or exceptions through December 31, 2021, but will continue to evaluate the possible adoption (including potential impact) of any such expedients or exceptions during the effective period as circumstances evolve.
In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments simplify the accounting for income taxes by removing certain exceptions to the general principles of Topic 740, Income Taxes and also improve consistent application by clarifying and amending existing guidance. The new standard became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption was permitted, with the amendments to be applied on a retrospective, modified retrospective or prospective basis, depending on the specific amendment. The Company adopted the new guidance under ASU 2019-12 in the first quarter of 2021 and it had no material impact on the Company's Consolidated Financial Statements.
In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU 2020-04 provides optional expedients and exceptions to GAAP requirements for modifications on debt instruments, leases, derivatives, and other contracts, related to the expected market transition from LIBOR, and certain other floating rate benchmark indices (collectively, “IBORs”) to alternative reference rates. ASU 2020-04 generally considers contract modifications related to reference rate reform to be an event that does not require contract remeasurement at the modification date nor a reassessment of a previous accounting determination. In January 2021, the FASB issued ASU 2021-01 “Reference Rate Reform (Topic 848): Scope,” or ASU 2021-01. ASU 2021-01 clarifies that the practical expedients in ASU 2020-04 apply to derivatives impacted by changes in the interest rate used for margining, discounting, or contract price alignment. The guidance in ASU 2020-04 is optional and may be elected over time, through December 31, 2022, as reference rate reform activities occur. Once ASU 2020-04 is elected, the guidance must be applied prospectively for all eligible contract modifications. The Company has not adopted any of the optional expedients or exceptions as of December 31, 2021, but will continue to evaluate the possible adoption of any such expedients or exceptions during the effective period as circumstances evolve

v3.22.1

Investments in Real Estate (Tables)
12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

Schedule of Real Estate Properties [Table Text Block]
Investments in real estate, net, consisted of the following as of December 31, 2021 and 2020:
December 31, 2021 December 31, 2020
Building and building improvements $ 874,834,206 $ 272,602,885
Land 164,901,074 40,397,114
Tenant improvements 35,591,724 9,551,645
Furniture, fixtures and equipment 11,061,146 4,822,680
Accumulated depreciation (20,629,840) (12,065,888)
Investments in real estate, net $ 1,065,758,310 $ 315,308,436
The following table provides further details of the properties acquired during the years ended December 31, 2021 and 2020:
Investment
Ownership Interest(1)
Location Type Acquisition Date Square Feet/Units
Purchase Price(2)
Lakes at West Covina 95% Los Angeles, CA Office February 2020 177,000 $ 41,024,719
Arbors of Las Colinas 90% Dallas, TX Multifamily December 2020 408 64,112,256
1110 Key Federal Hill 100% Baltimore, MD Multifamily September 2021 224 75,152,886
Domain 100% Orlando, FL Multifamily November 2021 324 74,157,027
The Burnham 100% Nashville, TN Multifamily November 2021 328 129,057,027
6123-6227 Monroe Ct 100% Morton Grove, IL Logistics November 2021 208,000 17,264,728
8400 Westphalia Road 100% Upper Marlboro, MD Logistics November 2021 100,000 27,960,931
McLane Distribution Center 100% Lakeland, FL Logistics November 2021 211,000 26,754,957
Flats on Front 100% Wilmington , NC Multifamily December 2021 273 97,728,205
Verso Apartments 100% Beaverton, OR Multifamily December 2021 172 74,215,860
DreamWorks Animation Studios 100% Glendale, CA Alternatives December 2021 497,000 326,743,229
Single Family Rental Portfolio 100% Various Alternatives Various 14 3,839,927
$ 958,011,752
(1) Certain of the investments made by the Company provide the other partner a profits interest based on certain internal rate of return hurdles being achieved. Such investments are consolidated by the Company and any profits interest due to the other partner is reported within non-controlling interests attributable to joint venture partners.
(2) Purchase price is inclusive of closing costs.
The following table details the purchase price allocation for properties acquired during the years ended December 31, 2021 and 2020:
December 31, 2021 December 31, 2020
Building and building improvements $ 660,098,315 $ 71,691,278
Land and land improvements 145,611,087 20,729,974
Tenant improvements 24,991,410 4,205,936
Furniture, fixtures and equipment 6,307,805 1,427,992
In-place lease intangibles 32,518,944 5,393,340
Lease origination costs 8,534,907 1,726,732
Tax abatement intangible 3,054,438 —
Above-market lease intangibles 178,101 5,753
Below-market lease intangibles (28,420,233) (44,030)
Total purchase price(1)
852,874,774 105,136,975
Assumed debt(2)
132,550,000 —
Net purchase price $ 720,324,774 $ 105,136,975
(1) Purchase price is inclusive of closing costs.
(2) Refer to Note 9 for additional details on the Company’s mortgage loans and indebtedness.

v3.22.1

Investments in Unconsolidated Entities (Tables)
12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Summarized Financial Information of Unconsolidated Joint Venture
The following table provides the summarized financial information of our unconsolidated joint venture in Principal Place as of and for the periods set forth below:
As of December 31, 2021
Total Assets $ 1,133,943,189
Total Liabilities 640,809,702
Total Equity $ 493,133,487

For the period
November 2, 2021
through December 31, 2021
Total Revenues $ 5,891,879
Total Expenses 9,285,693
Net Loss $ (3,393,814)

v3.22.1

Intangibles (Tables)
12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets The gross carrying amount and accumulated amortization of the Company's intangible assets consisted of the following:
Intangible assets: December 31, 2021 December 31, 2020
In-place lease intangibles $ 41,209,749 $ 11,635,323
Lease origination costs 12,610,735 3,946,636
Lease inducements 1,708,038 1,708,038
Tax intangibles 3,054,438 —
Above-market lease intangibles 183,854 5,753
Total intangible assets 58,766,814 17,295,750
Accumulated amortization:
In-place lease intangibles (8,082,379) (5,586,764)
Lease origination costs (972,556) (521,929)
Lease inducements (533,673) (280,128)
Tax intangibles (20,544) —
Above-market lease intangibles (5,753) (5,753)
Total accumulated amortization (9,614,905) (6,394,574)
Intangible assets, net $ 49,151,909 $ 10,901,176
Intangible liabilities:
Below-market lease intangibles $ (28,520,699) $ (94,501)
Accumulated amortization 136,314 24,637
Intangible liabilities, net $ (28,384,385) $ (69,864)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table details the Company's future amortization of intangible assets:
For the year ended: Amortization
2022 $ 8,703,021
2023 4,270,057
2024 3,812,958
2025 3,292,453
2026 3,038,078
Thereafter 26,035,342
Total $ 49,151,909

Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense
The following table details the Company's future amortization of intangible liabilities:
For the year ended: Amortization
2022 $ (1,333,347)
2023 (1,320,427)
2024 (1,320,427)
2025 (1,308,300)
2026 (1,501,879)
Thereafter (21,600,005)
Total $ (28,384,385)

v3.22.1

Investments in Real Estate-Related Loans (Tables)
9 Months Ended 12 Months Ended

Sep. 30, 2021

Dec. 31, 2021

Real Estate Investments, Net [Abstract]

Investment In Real Estate Loans [Table Text Block]
The following tables detail the Company's real estate-related loan investments as of December 31, 2021 and 2020:
As of December 31, 2021
Investment Collateral
Interest Rate(1)
Maturity Date
Payment Terms(2)
Prior Liens Face Amount Unamortized Discount Carrying Amount
IMC/AMC Bond Investment International Markets Center
AmericasMart Atlanta L+6.15% December 2023 Principal due at maturity
$1.643 billion(3)
$ 25,000,000 $ (163,601) $ 24,836,399
111 Montgomery(4)
The 111 Montgomery Street Condominium
Brooklyn, New York L+7.00% February 2024 Principal due at maturity none 1,439,853 (91,409) 1,348,444
The Avery Senior Loan(4)
The Avery Condominium
San Francisco, California L+7.30% February 2024 Principal due at maturity none 7,655,908 (65,170) 7,590,738
The Avery Mezzanine Loan(4)
The Avery Condominium
San Francisco, California L+12.50% February 2024 Principal due at maturity
$200.1 million(5)
1,802,408 (14,619) 1,787,789
$ 35,898,169 $ (334,799) $ 35,563,370
(1) The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021, one-month LIBOR was equal to 0.10%.
(2) There are no delinquent principal or interest payments as of December 31, 2021.
(3)
The IMC / AMC Bond Investment is subordinate to a $1.15 billion first mortgage on properties owned by IMC and a $493 million first mortgage on properties owned by AMC.
(4)
The Company’s investment is held through its membership interest in an entity which aggregates the Company’s interest with interests held by other funds managed by the Sub-Adviser. The Company has been allocated its proportionate share of the loan based on its membership interest in the aggregating entity.
(5) The Avery Mezzanine Loan is subordinate to an Oaktree first mortgage loan of $200.1 million.
As of December 31, 2020
Investment Collateral
Interest Rate(1)
Maturity Date
Payment Terms(2)
Prior Liens Face Amount Unamortized Discount Carrying Amount
Atlantis Mezzanine Loan Atlantis Paradise Island Resort L+6.67% July 2021 Principal due at maturity
$1.525 billion(5)
$ 25,000,000 $ — $ 25,000,000
IMC/AMC Bond Investment International Markets Center
AmericasMart Atlanta L+6.15% December 2023 Principal due at maturity
$1.643 billion(3)
25,000,000 (249,029) 24,750,971
$ 50,000,000 $ (249,029) $ 49,750,971
(1) The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2020, one-month LIBOR was equal to 0.14%.
(2) There are no delinquent principal or interest payments as of December 31, 2021.
(3)
The IMC / AMC Bond Investment is subordinate to a $1.15 billion first mortgage on properties owned by IMC and a $493 million first mortgage on properties owned by AMC.
(4) The Avery Mezzanine Loan is subordinate to an Oaktree first mortgage commitment of $200.1 million.
(5)
The Atlantis Mezzanine Loan is subordinate to a first mortgage loan of $1.20 billion and a $325 million senior mezzanine loan.

Schedule Of Investments In Real Estate-Related Securities
The following tables detail the Company's investments in real estate-related securities as of December 31, 2021 and December 31, 2020:
December 31, 2021
Type of Security Number of Positions
Weighted Average Coupon(1)
Weighted Average Maturity Date(2)
Face Amount Cost Basis Fair Value
CMBS 4 L+4.0% February 2030 $ 19,760,000 $ 17,790,125 $ 19,511,008
Total investments in real estate-related securities $ 19,760,000 $ 17,790,125 $ 19,511,008
December 31, 2020
Type of Security Number of Positions
Weighted Average Coupon(1)
Weighted Average Maturity Date(2)
Face Amount Cost Basis Fair Value
CMBS 8 L+2.8% September 2036 $ 25,841,000 $ 21,670,668 $ 24,713,595
Total investments in real estate-related securities $ 25,841,000 $ 21,670,668 $ 24,713,595
(1) The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021 and 2020, one-month LIBOR was equal to 0.10% and 0.14% respectively. .Fixed rate CMBS real estate loans are reflected as a spread over the relevant floating benchmark rates for purposes of the weighted-averages.
(2) Weighted average maturity date is based on the fully extended maturity date of the instruments.

Schedule Of Investments in Real Estate-Related Loans and Securities
The following table summarizes the components of investments in real estate-related loans and securities as of December 31, 2021 and 2020:
December 31, 2021 December 31, 2020
Real estate-related loans $ 35,563,370 $ 49,750,971
Real estate-related securities 19,511,008 24,713,595
Total investments in real estate-related loans and securities $ 55,074,378 $ 74,464,566

v3.22.1

Accounts and Other Receivables and Other Assets (Tables)
12 Months Ended

Dec. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Accounts and Other Receivables and Other Assets The following table summarizes the components of accounts and other receivables and other assets as of December 31, 2021 and December 31, 2020:
Receivables December 31, 2021 December 31, 2020
Accounts receivable $ 1,258,307 $ 949,714
Straight-line rent receivable 2,252,699 1,954,662
Interest receivable 293,873 325,602
Allowance for doubtful accounts (48,768) (155,519)
Total accounts and other receivables, net $ 3,756,111 $ 3,074,459
Other assets December 31, 2021 December 31, 2020
Deposits $ 6,808,716 $ 474,306
Prepaid expenses 2,181,765 545,441
Capitalized fees 13,292 —
Derivatives(1)
1,430,697 —
Interest rate cap 83,561 86,000
Total other assets $ 10,518,031 $ 1,105,747

v3.22.1

Accounts Payable, Accrued Expenses and Other Liabilities (Tables)
12 Months Ended

Dec. 31, 2021

Other Liabilities Disclosure [Abstract]

Schedule of Accounts Payable and Accrued Liabilities
The following table summarizes the components of accounts payable, accrued expenses and other liabilities as of December 31, 2021 and December 31, 2020:
December 31, 2021 December 31, 2020
Real estate taxes payable $ 2,350,065 $ 624,961
Accounts payable and accrued expenses 6,615,746 2,322,523
Prepaid rent 1,044,844 1,007,729
Accrued interest expense 509,213 326,586
Tenant security deposits 1,286,365 632,837
Derivative(1)
— 626,224
Distribution payable 2,822,987 768,521
Stock repurchases payable 1,593,971 —
Total accounts payable, accrued expenses and other liabilities $ 16,223,191 $ 6,309,381
(1)
Represents an interest rate swap on the Two Liberty Center mortgage loan. The notional amount of the swap is $33.8 million and expires in August 2024. Two Liberty Center receives a floating rate of one-month USD LIBOR and pays a fixed rate of 0.7225%.

v3.22.1

Mortgage Loans (Tables)
12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]
The following table summarizes the components of mortgage loans and indebtedness as of December 31, 2021 and December 31, 2020:
Principal Balance as of
Indebtedness
Interest Rate(1)
Maturity Date December 31, 2021 December 31, 2020
Anzio Apartments mortgage loan L+1.59% May 2029 $ 44,400,000 $ 44,400,000
Two Liberty Center mortgage loan L+1.50% August 2024 62,085,155 61,971,000
Ezlyn mortgage loan 3.38% December 2026 — 53,040,000
Lakes at West Covina mortgage loan L+1.55% February 2025 25,603,855 25,202,380
Arbors of Las Colinas mortgage loan SOFR+2.24% January 2031 45,950,000 45,950,000
1110 Key Federal Hill mortgage loan 2.34% October 2028 51,520,000 —
Domain mortgage loan(2)
SOFR+1.50% December 2026 48,700,000 —
DreamWorks Animation Studios mortgage loan(3)
SOFR+1.65% October 2022 214,750,000 —
Secured Credit Facility(2)(4)
L + 1.95% November 2022 244,401,821 —
Affiliate Line of Credit L + 2.25% November 2022 105,000,000 —
Total indebtedness 842,410,831 230,563,380
Less: deferred financing costs, net (3,617,611) (1,376,424)
Total indebtedness, net $ 838,793,220 $ 229,186,956
(1)
The term "L" refers to the one-month US dollar-denominated LIBOR. As of December 31, 2021 and 2020, one-month LIBOR was equal to 0.10% and 0.14%, respectively. The term "SOFR" refers to the Secured Overnight Financing Rate. As of December 31, 2021 and 2020, SOFR was 0.05% and 0.08%, respectively.
(2) The Company assumed debt totaling $132.6 million in connection with the acquisition of Domain and The Burnham. The debt was refinanced in November 2021 with a $48.7 million mortgage loan secured by Domain and a $83.9 million borrowing on the Secured Credit Facility secured by The Burnham.
(3)
In March 2022, the Company repaid the $214.8 million mortgage loan and refinanced the property with a $212.2 million mortgage loan, which incurs interest at 3.20% and has a maturity date of March 2029.
(4) As of December 31, 2021, borrowings on the Secured Credit Facility are secured by the following properties: The Burnham, Flats on Front, Verso Apartments, 8400 Westphalia Road, 6123-6227 Monroe Court, and McLane Distribution Center. The facility has a one-year extension option to November 9, 2023, subject to certain conditions.

Schedule of Maturities of Long-term Debt [Table Text Block]
The following table presents the future principal payments due under the Company's mortgage loans as of December 31, 2021:
Year Amount
2022 $ 564,151,821
2023 —
2024 62,085,155
2025 25,603,855
2026 48,700,000
Thereafter 141,870,000
Total $ 842,410,831

v3.22.1

Stockholder's Equity (Tables)
12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Stock by Class
Classification No. of
Authorized Shares Par Value
Per Share
Preferred stock 50,000,000 $ 0.01
Class T common stock 225,000,000 $ 0.01
Class S common stock 225,000,000 $ 0.01
Class D common stock 100,000,000 $ 0.01
Class C common stock 100,000,000 $ 0.01
Class E common stock 100,000,000 $ 0.00
Class I common stock 250,000,000 $ 0.01
1,050,000,000

Schedule of Common Stock Outstanding Roll Forward
The following tables detail the movement in the Company's outstanding shares of common stock:
Class S Class I Class C Class E Total
January 1, 2019 — 20,000 — — 20,000
Common stock issued 5,851,600 9,118,617 — — 14,970,217
Independent directors' restricted stock vested — 7,000 — — 7,000
December 31, 2019 5,851,600 9,145,617 — — 14,997,217
Common stock issued 7,040,896 759,820 — — 7,800,716
Distribution reinvestment 205,798 9,763 — — 215,561
Independent directors' restricted stock vested — 5,749 — — 5,749
Common stock issued for management fees — 78,022 — — 78,022
Repurchases of common stock (65,644) (2,521,620) — — (2,587,264)
December 31, 2020 13,032,650 7,477,351 — — 20,510,001
Common stock issued 7,145,670 1,579,963 1,644,303 2,088,834 12,458,770
Distribution reinvestment 432,420 34,585 — 9,137 476,142
Independent directors' restricted stock vested — 13,415 — — 13,415
Common stock issued for management fees — 216,793 — — 216,793
Common stock issued for performance fees — 429,340 — — 429,340
Repurchases of common stock (564,965) (6,926,239) — — (7,491,204)
December 31, 2021 20,045,775 2,825,208 1,644,303 2,097,971 26,613,257

Redeemable Noncontrolling Interest
The following table summarizes the Redeemable non-controlling interest activity for the year ended December 31, 2021. There were no Redeemable non-controlling interests for the year ended December 31, 2020:
December 31, 2021
Balance at beginning of the year $ —
Limited Partner Asset Contributions 148,175,420
Limited Partner Cash Contribution 45,000,000
Repurchases —
GAAP Income Allocation 2,577,946
Distributions (1,521,446)
Distributions Reinvested 648,741
Fair Value Allocation 5,205,194
Balance at the end of the year $ 200,085,855

v3.22.1

Five Year Minimum Rental Payments (Tables)
12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases
Year Future Minimum Rents
2022 $ 29,458,056
2023 29,539,552
2024 26,399,968
2025 25,268,495
2026 22,583,615
Thereafter 153,156,778
Total $ 286,406,464

v3.22.1

Segment Reporting (Tables)
12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment
The following table sets forth the total assets by segment:
December 31, 2021 December 31, 2020
Multifamily $ 583,308,458 $ 204,408,015
Office 126,966,165 134,521,921
Logistics 74,038,737 —
Alternatives 332,796,506 —
Investments in unconsolidated entities 129,671,086 —
Real estate-related loans and securities 55,074,378 74,464,566
Other (Corporate) 72,858,109 27,479,107
Total assets $ 1,374,713,439 $ 440,873,609
The following table sets forth the financial results by segment for the year ended December 31, 2021:
Multifamily Office Logistics Alternatives Investments in unconsolidated entities Real estate-related loans and securities Total
Revenues:
Rental revenues $ 21,179,913 $ 12,470,952 $ 418,694 $ 717,542 $ — $ — $ 34,787,101
Other revenues 1,983,134 607,709 — — — — 2,590,843
Total revenues 23,163,047 13,078,661 418,694 717,542 — — 37,377,944
Expenses:
Rental property operating 9,707,493 5,494,996 147,828 114,579 — — 15,464,896
Total expenses 9,707,493 5,494,996 147,828 114,579 — — 15,464,896
Segment net operating income $ 13,455,554 $ 7,583,665 $ 270,866 $ 602,963 $ — $ — $ 21,913,048
Income from real estate-related loans and securities $ — $ — $ — $ — $ — $ 5,442,640 $ 5,442,640
Realized gain on real estate investments 19,590,194 — — — — 1,902,466 21,492,660
Unrealized gain on investments — — — — 1,658,118 178,933 1,837,051
Depreciation and amortization 10,258,624 7,231,085 479,640 400,421 — — 18,369,770
General and administrative expenses 7,057,292
Organizational costs 3,459,158
Management fee 2,650,543
Performance fee 5,143,197
Performance participation allocation 2,345,920
Interest expense 6,758,138
Net income 4,901,381
Net income attributable to non-controlling interests (2,395,280)
Net income attributable to stockholders $ 2,506,101
The following table sets forth the financial results by segment for the year ended December 31, 2020:
Multifamily Office Real estate-related loans and securities Total
Revenues:
Rental revenues $ 11,681,669 $ 12,463,543 $ — $ 24,145,212
Other revenues 496,052 645,006 — 1,141,058
Total revenues 12,177,721 13,108,549 — 25,286,270
Expenses:
Rental property operating 4,859,445 5,351,792 — 10,211,237
Total expenses 4,859,445 5,351,792 — 10,211,237
Segment net operating income $ 7,318,276 $ 7,756,757 $ — $ 15,075,033
Income from real estate-related loans and securities $ — $ — $ 4,908,074 $ 4,908,074
Realized gain on investments — — 144,484 144,484
Unrealized (loss) gain on investments — (626,224) 3,042,927 2,416,703
Depreciation and amortization 6,372,127 7,108,886 — 13,481,013
General and administrative expenses 3,473,954
Management fee 1,170,717
Performance fee 2,215,134
Interest expense 4,948,496
Net loss (2,745,020)
Net loss attributable to non-controlling interests 307,169
Net loss attributable to stockholders $ (2,437,851)
The following table sets forth the financial results by segment for the year ended December 31, 2019:
Multifamily Office Real estate-related loans and securities Total
Revenues:
Rental revenues $ 4,245,057 $ 2,883,152 $ — $ 7,128,209
Other revenues 164,948 246,750 — 411,698
Total revenues 4,410,005 3,129,902 — 7,539,907
Expenses:
Rental property operating 2,009,938 1,061,828 — 3,071,766
Total expenses 2,009,938 1,061,828 — 3,071,766
Segment net operating income $ 2,400,067 $ 2,068,074 $ — $ 4,468,141
Income from real estate-related loans $ — $ — $ 2,305,721 $ 2,305,721
Depreciation and amortization 3,381,811 1,630,448 — 5,012,259
General and administrative expenses 1,616,252
Management fee —
Performance fee 200,649
Organizational expenses 885,061
Interest expense 4,048,089
Net loss (4,988,448)
Net loss attributable to non-controlling interests 265,570
Net loss attributable to stockholders $ (4,722,878)

v3.22.1

Organization and Business Purpose - Additional Information (Detail)
12 Months Ended

Dec. 31, 2021

USD ($)

class

investment

investment_in_real_estate

position_in_real_estate_loan

Dec. 31, 2020

USD ($)

Dec. 31, 2019

USD ($)

Class of Stock [Line Items]

Offering of common stock $ 144,402,376 $ 80,969,989 $ 150,050,000

Number of Classes Of Common Shares | class 4

Number of Real Estate Properties | investment_in_real_estate 14

Number Of Positions In Real Estate-Related Loans | position_in_real_estate_loan 4

Number Of Investments In Floating-Rate Commercial Mortgage Backed Securities | investment 4

Primary Offering [Member] | Maximum [Member]

Class of Stock [Line Items]

Offering of common stock $ 2,000,000,000

Distribution Reinvestment Plan [Member] | Maximum [Member]

Class of Stock [Line Items]

Offering of common stock 7,500,000,000

Follow-On Primary Offering | Maximum [Member]

Class of Stock [Line Items]

Offering of common stock 6,000,000,000

Follow-On Distribution Reinvestment Plan Offering | Maximum [Member]

Class of Stock [Line Items]

Offering of common stock $ 1,500,000,000

v3.22.1

Capitalization - Summary of Classes of Common Stock Authorized (Detail) - $ / shares

Dec. 31, 2021

Dec. 31, 2020

Schedule of Capitalization, Equity [Line Items]

Preferred stock, shares authorized (in shares) 50,000,000 50,000,000

Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01

Preferred stock

Schedule of Capitalization, Equity [Line Items]

Preferred stock, shares authorized (in shares) 50,000,000

Preferred stock, par value (in dollars per share) $ 0.01

Class T common stock

Schedule of Capitalization, Equity [Line Items]

Common stock, shares authorized (in shares) 225,000,000 225,000,000

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Common Stock Class S

Schedule of Capitalization, Equity [Line Items]

Common stock, shares authorized (in shares) 225,000,000 225,000,000

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Class D common stock

Schedule of Capitalization, Equity [Line Items]

Common stock, shares authorized (in shares) 100,000,000

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Class I common stock

Schedule of Capitalization, Equity [Line Items]

Common stock, shares authorized (in shares) 250,000,000 250,000,000

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

v3.22.1

Investments in Real Estate - Narrative (Details) - USD ($)
1 Months Ended 12 Months Ended

Jan. 18, 2022

Nov. 02, 2021

Dec. 31, 2021

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Real Estate [Line Items]

Investment In Real Estate, Purchase Price $ 958,011,752 $ 852,900,000 $ 105,100,000

Preferred Stock, Value, Issued 0 0 0

Proceeds from issuance of preferred stock 375,000 $ 0 $ 0

Oaktree [Member]

Real Estate [Line Items]

Preferred Stock, Value, Issued $ 5,000,000 5,000,000

Proceeds from issuance of preferred stock $ 5,000,000

Subsequent Event | Oaktree [Member]

Real Estate [Line Items]

Preferred Stock, Value, Issued $ 28,800,000

Proceeds from issuance of preferred stock $ 28,800,000

Ezlyn [Member]

Real Estate [Line Items]

Equity from Sale of Real Estate $ 33,800,000

Ezlyn [Member]

Real Estate [Line Items]

Proceeds from Sale of Real Estate, Gross 42,400,000

Proceeds from Sale of Real Estate 8,600,000

Gains (Losses) on Sales of Investment Real Estate $ 19,500,000

v3.22.1

Investments in Real Estate - Purchase Price Allocation (Details) - USD ($)
12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Real Estate [Line Items]

Investment Building and Building Improvements $ 874,834,206 $ 272,602,885

Land 164,901,074 40,397,114

Tenant Improvements 35,591,724 9,551,645

Furniture, Fixtures, And Equipment 11,061,146 4,822,680

Payments to acquire real estate 649,660,722 105,136,975 $ 233,193,194

Assumed debt(2) 132,550,000 0

Net purchase price 720,324,774 105,136,975

1110 Key Federal Hill Mortgage

Real Estate [Line Items]

Investment Building and Building Improvements 660,098,315 71,691,278

Land 145,611,087 20,729,974

Tenant Improvements 24,991,410 4,205,936

Furniture, Fixtures, And Equipment 6,307,805 1,427,992

Finite-Lived Intangible Asset, Acquired-in-Place Leases 32,518,944 5,393,340

Lease Origination Costs 8,534,907 1,726,732

Tax abatement intangible 3,054,438 0

Above Market Lease, Acquired 178,101 5,753

Below Market Lease, Acquired (28,420,233) (44,030)

Payments to acquire real estate $ 852,874,774 $ 105,136,975

v3.22.1

Investments in Unconsolidated Entities (Details) - USD ($)
12 Months Ended

Jan. 18, 2022

Nov. 02, 2021

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Schedule of Equity Method Investments [Line Items]

Preferred equity interest $ 28,800,000

Proceeds from issuance of preferred stock 375,000 $ 0 $ 0

Investments in unconsolidated entities 129,671,086 $ 0

Oaktree [Member]

Schedule of Equity Method Investments [Line Items]

Preferred equity interest 5,000,000

Proceeds from issuance of preferred stock 5,000,000

Oaktree [Member] | Subsequent Event

Schedule of Equity Method Investments [Line Items]

Preferred equity interest $ 28,800,000

Proceeds from issuance of preferred stock $ 28,800,000

Principal Place

Schedule of Equity Method Investments [Line Items]

Ownership percentage 20.00%

Fair value $ 100,900,000

Ezlyn [Member] | Oaktree [Member]

Schedule of Equity Method Investments [Line Items]

Proceeds from sale of investment $ 8,600,000

Proceeds from sale of equity interest $ 33,800,000

v3.22.1

Investments in Unconsolidated Entities - Summarized Financial Information of Unconsolidated Joint Venture (Details) - USD ($)
2 Months Ended 12 Months Ended

Dec. 31, 2021

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Schedule of Equity Method Investments [Line Items]

Total Assets $ 1,374,713,439 $ 1,374,713,439 $ 440,873,609

Total Liabilities 943,671,683 943,671,683 247,689,660

Total Equity 230,955,901 230,955,901 193,183,949 $ 145,417,938 $ (117,657)

Total Revenues 37,377,944 25,286,270 7,539,907

Total Expenses 54,490,776 30,552,055 10,785,987

Net income (loss) 4,901,381 $ (2,745,020) $ (4,988,448)

Principal Place

Schedule of Equity Method Investments [Line Items]

Total Assets 1,133,943,189 1,133,943,189

Total Liabilities 640,809,702 640,809,702

Total Equity 493,133,487 $ 493,133,487

Total Revenues 5,891,879

Total Expenses 9,285,693

Net income (loss) $ (3,393,814)

v3.22.1

Intangibles - Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($)
12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Finite-Lived Intangible Assets, Net [Abstract]

Intangible assets, gross $ 58,766,814 $ 17,295,750

Intangible assets, accumulated amortization (9,614,905) (6,394,574)

Intangible assets, net 49,151,909 10,901,176

Below Market Lease, Net [Abstract]

Intangible liabilities, gross (28,520,699) (94,501)

Intangible liabilities, accumulated amortization 136,314 24,637

Intangible liabilities, net $ (28,384,385) (69,864)

Finite-Lived Intangible Assets, Remaining Amortization Period 76 months

In-place lease intangibles

Finite-Lived Intangible Assets, Net [Abstract]

Intangible assets, gross $ 41,209,749 11,635,323

Intangible assets, accumulated amortization (8,082,379) (5,586,764)

Lease origination costs

Finite-Lived Intangible Assets, Net [Abstract]

Intangible assets, gross 12,610,735 3,946,636

Intangible assets, accumulated amortization (972,556) (521,929)

Lease inducements

Finite-Lived Intangible Assets, Net [Abstract]

Intangible assets, gross 1,708,038 1,708,038

Intangible assets, accumulated amortization (533,673) (280,128)

Tax intangibles

Finite-Lived Intangible Assets, Net [Abstract]

Intangible assets, gross 3,054,438 0

Intangible assets, accumulated amortization (20,544) 0

Above-market lease intangibles

Finite-Lived Intangible Assets, Net [Abstract]

Intangible assets, gross 183,854 5,753

Intangible assets, accumulated amortization $ (5,753) $ (5,753)

v3.22.1

Intangibles - Intangible Assets, Future Amortization Expense (Details)

Dec. 31, 2021

USD ($)

Goodwill and Intangible Assets Disclosure [Abstract]

2022 $ 8,703,021

2023 4,270,057

2024 3,812,958

2025 3,292,453

2026 3,038,078

Thereafter 26,035,342

Total $ 49,151,909

v3.22.1

Intangibles - Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense (Details)

Dec. 31, 2021

USD ($)

Goodwill and Intangible Assets Disclosure [Abstract]

2022 $ (1,333,347)

2023 (1,320,427)

2024 (1,320,427)

2025 (1,308,300)

2026 (1,501,879)

Thereafter (21,600,005)

Total $ (28,384,385)

v3.22.1

Investment in Real Estate-Related Loan and Securities- Floating Rate CMBS (Details) - USD ($)

Dec. 31, 2021

Dec. 31, 2020

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Face Amount $ 19,760,000 $ 25,841,000

Fair Value $ 19,511,008 $ 24,713,595

v3.22.1

Investments in Real Estate-Related Loans - Securities (Details) - USD ($)

Dec. 31, 2021

Dec. 31, 2020

Accounts, Notes, Loans and Financing Receivable [Line Items]

Face Amount $ 19,760,000 $ 25,841,000

Cost Basis 17,790,125 21,670,668

Fair Value 19,511,008 24,713,595

CMBS

Accounts, Notes, Loans and Financing Receivable [Line Items]

Face Amount 19,760,000 25,841,000

Cost Basis 17,790,125 21,670,668

Fair Value $ 19,511,008 $ 24,713,595

v3.22.1

Accounts and Other Receivables and Other Assets (Details) - USD ($)

Dec. 31, 2021

Dec. 31, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Accounts receivable $ 1,258,307 $ 949,714

Straight-line rent receivable 2,252,699 1,954,662

Interest receivable 293,873 325,602

Allowance for doubtful accounts (48,768) (155,519)

Total accounts and other receivables, net 3,756,111 3,074,459

Deposits 6,808,716 474,306

Prepaid expenses 2,181,765 545,441

Capitalized fees 13,292 0

Derivative Asset 1,430,697 0

Derivative 0 626,224

Interest rate cap 83,561 86,000

Total other assets $ 10,518,031 $ 1,105,747

v3.22.1

Accounts Payable, Accrued Expenses and Other Liabilities (Details) - USD ($)

Dec. 31, 2021

Dec. 31, 2020

Derivative [Line Items]

Real estate taxes payable $ 2,350,065 $ 624,961

Accounts payable and accrued expenses 6,615,746 2,322,523

Prepaid rent 1,044,844 1,007,729

Accrued interest expense 509,213 326,586

Tenant security deposits 1,286,365 632,837

Derivative 0 626,224

Distribution payable 2,822,987 768,521

Investor redemptions 1,593,971 0

Total accounts payable, accrued expenses and other liabilities 16,223,191 $ 6,309,381

Long-term Debt, Gross 842,410,831

Interest Rate Swap

Derivative [Line Items]

Derivative Liability, Notional Amount $ 33,800,000

Derivative, Basis Spread on Variable Rate 0.7225%

v3.22.1

Mortgage Loans - Maturity of Mortgage Loans (Details)

Dec. 31, 2021

USD ($)

Debt Disclosure [Abstract]

2022 $ 564,151,821

2023 0

2024 62,085,155

2025 25,603,855

2026 48,700,000

Thereafter 141,870,000

Total $ 838,793,220

v3.22.1

Related Party Transactions - Additional Information (Detail) - USD ($)
12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Related Party Transaction [Line Items]

Due to affiliates $ 35,890,147 $ 12,123,459

Proceeds from issuance of common stock $ 111,782,710 $ 80,159,885 $ 68,009,105

Stock Repurchased During Period, Shares 7,491,201 2,587,264

Common Stock, Shares, Outstanding (in shares) 26,613,257 20,510,001 14,997,217 20,000

Management fee $ 2,650,543 $ 1,170,717 $ 0

Class I common stock

Related Party Transaction [Line Items]

Common Stock, Shares, Outstanding (in shares) 2,825,208 7,477,351 9,145,617 20,000

Stock Issued During Period, Shares, Issued for Services 429,340

Oaktree [Member]

Related Party Transaction [Line Items]

Percentage of management fee to NAV payable to adviser per annum, payable monthly 1.00%

Percentage of performance participation interest to annual total return held by adviser 12.50%

Annual hurdle amount, percentage 5.00%

Accrued Performance Fees $ 2,200,000

Management fee $ 2,000,000 1,200,000

Noninterest Expense Related to Performance Fees 5,100,000 $ 2,200,000

Adviser for Management Fees

Related Party Transaction [Line Items]

Management fee $ 600,000

v3.22.1

Stockholder's Equity - Additional Information (Detail) - USD ($)
12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Nov. 02, 2021

Class of Stock [Line Items]

Common and Preferred Stock, Shares Authorized 1,050,000,000 1,500,000,000

Repurchase of shares to NAV per month, percentage 2.00%

Repurchase of shares to NAV per calender quarter, percentage 5.00%

Repurchase of shares outstanding less than one year to transaction price, percentage 95.00%

Stock Repurchased During Period, Shares 7,491,201 2,587,264

Distributions reinvested $ 5,238,319 $ 2,214,021 $ 0

Common and Preferred Stock, Value Authorized $ 6,000,000,000

Cash Distribution

Class of Stock [Line Items]

Distributions reinvested $ 5,200,000 $ 2,200,000

Oaktree Fund GP I, L.P

Class of Stock [Line Items]

Stock Repurchased During Period, Shares 6,186,397 2,521,620

v3.22.1

Stockholder's Equity - Dividends (Details) - USD ($)
12 Months Ended

Dec. 29, 2021

Nov. 29, 2021

Oct. 08, 2021

Sep. 29, 2021

Aug. 30, 2021

Jul. 29, 2021

Jun. 29, 2021

May 27, 2021

Apr. 29, 2021

Mar. 30, 2021

Feb. 25, 2021

Jan. 28, 2021

Dec. 30, 2020

Nov. 25, 2020

Oct. 29, 2020

Sep. 29, 2020

Aug. 28, 2020

Jul. 30, 2020

Jun. 30, 2020

May 29, 2020

Apr. 30, 2020

Mar. 30, 2020

Feb. 27, 2020

Jan. 30, 2020

Dec. 31, 2019

Dec. 31, 2021

Common Stock Class S

Class of Stock [Line Items]

Dividends, Common Stock, Cash $ 0.0454 $ 0.0443 $ 0.0391 $ 0.0367 $ 0.0358 $ 0.0355 $ 0.0355 $ 0.0350 $ 0.0348 $ 0.0346 $ 0.0352 $ 0.0344 $ 0.0342 $ 0.0320 $ 0.0294 $ 0.0295 $ 0.0293 $ 0.0291 $ 0.0293 $ 0.0288 $ 0.0272 $ 0.0267 $ 0.0272 $ 0.0222 $ 0.0189 $ 0.8101

Class I common stock

Class of Stock [Line Items]

Dividends, Common Stock, Cash 0.0539 0.0524 0.0474 0.0443 0.0435 0.0433 0.0430 0.0427 0.0422 0.0422 0.0420 0.0420 0.0417 0.0392 0.0369 0.0367 0.0367 0.0365 0.0365 0.0361 0.0344 0.0341 0.0341 0.0294 0.0250 0.9962

Class T common stock

Class of Stock [Line Items]

Dividends, Common Stock, Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Class D common stock

Class of Stock [Line Items]

Dividends, Common Stock, Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Class C common stock

Class of Stock [Line Items]

Dividends, Common Stock, Cash 0.0539 0.0524 0.0474 0.0443 0.0435 0.0433 0.0430 0.0427 0.0422 0.0422 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4549

Class E common stock

Class of Stock [Line Items]

Dividends, Common Stock, Cash $ 0.0539 $ 0.0524 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0.1063

v3.22.1

Stockholder's Equity (Details)
12 Months Ended

Dec. 31, 2021

USD ($)

Redeemable Noncontrolling Interest [Roll Forward]

Redeemable Noncontrolling Interest, Equity, Carrying Amount $ 0

Limited Partner Asset Contributions 148,175,420

Limited Partner Cash Contribution 45,000,000

Payments for Repurchase of Redeemable Noncontrolling Interest 0

Redeemable Noncontrolling Interest, Income Allocation 2,577,946

Partners' Capital Account, Distributions (1,521,446)

Distributions reinvested 648,741

Fair Value Allocation 5,205,194

Redeemable Noncontrolling Interest, Equity, Carrying Amount $ 200,085,855

v3.22.1

Five Year Minimum Rental Payments (Details)

Dec. 31, 2021

USD ($)

Leases [Abstract]

2020 $ 29,458,056

2021 29,539,552

2022 26,399,968

2023 25,268,495

2024 22,583,615

Thereafter 153,156,778

Total $ 286,406,464

v3.22.1

Schedule III—Real Estate and Accumulated Depreciation Rollforward (Details) - USD ($)
12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]

Balance at the beginning of the year $ 325,093,990 $ 226,209,568

Balance at the end of the year 1,075,445,936 325,093,990

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]

Balance at the beginning of the year (11,590,454) (1,844,854)

Accumulated depreciation (12,406,086) (9,745,600)

Dispositions 4,622,752 0

Real Estate Owned, Accumulated Depreciation 19,373,788

Balance at the end of the year (19,373,788) (11,590,454)

Land and land improvements

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]

Additions during the year: 145,607,469 20,729,974

Dispositions during the year: (12,502,979) 0

Building and building improvements

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]

Additions during the year: 684,635,995 78,154,448

Dispositions during the year: $ (67,388,539) $ 0

{
 "instance": {
  "oak-20211231.htm": {
   "axisCustom": 2,
   "axisStandard": 27,
   "contextCount": 471,
   "dts": {
    "calculationLink": {
     "local": [
      "oak-20211231_cal.xml"
     ]
    },
    "definitionLink": {
     "local": [
      "oak-20211231_def.xml"
     ]
    },
    "inline": {
     "local": [
      "oak-20211231.htm"
     ]
    },
    "labelLink": {
     "local": [
      "oak-20211231_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "oak-20211231_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "oak-20211231.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd",
      "https://xbrl.sec.gov/country/2021/country-2021.xsd",
      "https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd"
     ]
    }
   },
   "elementCount": 720,
   "entityCount": 1,
   "hidden": {
    "http://fasb.org/us-gaap/2021-01-31": 70,
    "http://www.oaktree.com/20211231": 12,
    "http://xbrl.sec.gov/dei/2021q4": 7,
    "total": 89
   },
   "keyCustom": 114,
   "keyStandard": 244,
   "memberCustom": 80,
   "memberStandard": 32,
   "nsprefix": "oak",
   "nsuri": "http://www.oaktree.com/20211231",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "0001001 - Document - Document and Entity Information",
     "role": "http://www.oaktree.com/role/DocumentandEntityInformation",
     "shortName": "Document and Entity Information",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R10": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:RealEstateDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2110104 - Disclosure - Investments in Real Estate",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstate",
     "shortName": "Investments in Real Estate",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:RealEstateDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R11": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:EquityMethodInvestmentsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2115105 - Disclosure - Investments in Unconsolidated Entities",
     "role": "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntities",
     "shortName": "Investments in Unconsolidated Entities",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:EquityMethodInvestmentsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R12": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:IntangibleAssetsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2119106 - Disclosure - Intangibles",
     "role": "http://www.oaktree.com/role/Intangibles",
     "shortName": "Intangibles",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:IntangibleAssetsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R13": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "srt:MortgageLoansOnRealEstateByLoanDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2124107 - Disclosure - Investments in Real Estate-Related Loans",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoans",
     "shortName": "Investments in Real Estate-Related Loans",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "srt:MortgageLoansOnRealEstateByLoanDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R14": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OtherAssetsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2130108 - Disclosure - Accounts and Other Receivables and Other Assets",
     "role": "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssets",
     "shortName": "Accounts and Other Receivables and Other Assets",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OtherAssetsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R15": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2133109 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities",
     "role": "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilities",
     "shortName": "Accounts Payable, Accrued Expenses and Other Liabilities",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R16": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:MortgageNotesPayableDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2136110 - Disclosure - Mortgage Loans",
     "role": "http://www.oaktree.com/role/MortgageLoans",
     "shortName": "Mortgage Loans",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:MortgageNotesPayableDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R17": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2141111 - Disclosure - Related Party Transactions",
     "role": "http://www.oaktree.com/role/RelatedPartyTransactions",
     "shortName": "Related Party Transactions",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R18": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2144112 - Disclosure - Stockholder's Equity",
     "role": "http://www.oaktree.com/role/StockholdersEquity",
     "shortName": "Stockholder's Equity",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R19": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2151113 - Disclosure - Commitments and Contingencies",
     "role": "http://www.oaktree.com/role/CommitmentsandContingencies",
     "shortName": "Commitments and Contingencies",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R2": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:AuditorName",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "false",
     "longName": "0002002 - Document - Audit Information",
     "role": "http://www.oaktree.com/role/AuditInformation",
     "shortName": "Audit Information",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:AuditorName",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R20": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LeasesOfLessorDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2152114 - Disclosure - Five Year Minimum Rental Payments",
     "role": "http://www.oaktree.com/role/FiveYearMinimumRentalPayments",
     "shortName": "Five Year Minimum Rental Payments",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LeasesOfLessorDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R21": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SegmentReportingDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2155115 - Disclosure - Segment Reporting",
     "role": "http://www.oaktree.com/role/SegmentReporting",
     "shortName": "Segment Reporting",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SegmentReportingDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R22": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SubsequentEventsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2158116 - Disclosure - Subsequent Events",
     "role": "http://www.oaktree.com/role/SubsequentEvents",
     "shortName": "Subsequent Events",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SubsequentEventsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R23": {
     "firstAnchor": {
      "ancestors": [
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "srt:RealEstateAndAccumulatedDepreciationDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2160117 - Disclosure - Schedule III\u2014Real Estate and Accumulated Depreciation",
     "role": "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciation",
     "shortName": "Schedule III\u2014Real Estate and Accumulated Depreciation",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "srt:RealEstateAndAccumulatedDepreciationDisclosureTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R24": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2208201 - Disclosure - Summary of Significant Accounting Policies (Policies)",
     "role": "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesPolicies",
     "shortName": "Summary of Significant Accounting Policies (Policies)",
     "subGroupType": "policies",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R25": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfRealEstatePropertiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2311302 - Disclosure - Investments in Real Estate (Tables)",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstateTables",
     "shortName": "Investments in Real Estate (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfRealEstatePropertiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R26": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:EquityMethodInvestmentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2316303 - Disclosure - Investments in Unconsolidated Entities (Tables)",
     "role": "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesTables",
     "shortName": "Investments in Unconsolidated Entities (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:EquityMethodInvestmentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R27": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2320304 - Disclosure - Intangibles (Tables)",
     "role": "http://www.oaktree.com/role/IntangiblesTables",
     "shortName": "Intangibles (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R28": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ib076d3e1dccb45c09c6425fe958f49a9_D20210101-20210930",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "oak:InvestmentInRealEstateLoansTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2325305 - Disclosure - Investments in Real Estate-Related Loans (Tables)",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansTables",
     "shortName": "Investments in Real Estate-Related Loans (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ib076d3e1dccb45c09c6425fe958f49a9_D20210101-20210930",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "oak:InvestmentInRealEstateLoansTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R29": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "oak:ScheduleofAccountsandOtherReceivablesandOtherAssetsTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2331306 - Disclosure - Accounts and Other Receivables and Other Assets (Tables)",
     "role": "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsTables",
     "shortName": "Accounts and Other Receivables and Other Assets (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "oak:ScheduleofAccountsandOtherReceivablesandOtherAssetsTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R3": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:RealEstateInvestments",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "1001003 - Statement - Consolidated Balance Sheets",
     "role": "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
     "shortName": "Consolidated Balance Sheets",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "oak:IntangibleLiabilitiesNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R30": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2334307 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities (Tables)",
     "role": "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesTables",
     "shortName": "Accounts Payable, Accrued Expenses and Other Liabilities (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R31": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2337308 - Disclosure - Mortgage Loans (Tables)",
     "role": "http://www.oaktree.com/role/MortgageLoansTables",
     "shortName": "Mortgage Loans (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R32": {
     "firstAnchor": {
      "ancestors": [
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfStockByClassTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2345309 - Disclosure - Stockholder's Equity (Tables)",
     "role": "http://www.oaktree.com/role/StockholdersEquityTables",
     "shortName": "Stockholder's Equity (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfStockByClassTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R33": {
     "firstAnchor": {
      "ancestors": [
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2353310 - Disclosure - Five Year Minimum Rental Payments (Tables)",
     "role": "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsTables",
     "shortName": "Five Year Minimum Rental Payments (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R34": {
     "firstAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2356311 - Disclosure - Segment Reporting (Tables)",
     "role": "http://www.oaktree.com/role/SegmentReportingTables",
     "shortName": "Segment Reporting (Tables)",
     "subGroupType": "tables",
     "uniqueAnchor": {
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R35": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:StockIssuedDuringPeriodValueNewIssues",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2402401 - Disclosure - Organization and Business Purpose - Additional Information (Detail)",
     "role": "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
     "shortName": "Organization and Business Purpose - Additional Information (Detail)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "oak:NumberofClassesOfCommonShares",
      "reportCount": 1,
      "unique": true,
      "unitRef": "class",
      "xsiNil": "false"
     }
    },
    "R36": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "us-gaap:ScheduleOfStockByClassTextBlock",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i398328860b9448b38156d6a35f0aaf63_I20211231",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:PreferredStockSharesAuthorized",
      "reportCount": 1,
      "unitRef": "shares",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2406403 - Disclosure - Capitalization - Summary of Classes of Common Stock Authorized (Detail)",
     "role": "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
     "shortName": "Capitalization - Summary of Classes of Common Stock Authorized (Detail)",
     "subGroupType": "details",
     "uniqueAnchor": null
    },
    "R37": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NumberOfReportableSegments",
      "reportCount": 1,
      "unitRef": "segment",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2409404 - Disclosure - Summary of Significant Accounting Policies - Additional Information (Detail)",
     "role": "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail",
     "shortName": "Summary of Significant Accounting Policies - Additional Information (Detail)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "-5",
      "lang": "en-US",
      "name": "oak:UnrecordedOrganizationalAndOfferingExpensesIncurredByAdvisorAndItsAffiliates",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R38": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "oak:InvestmentInRealEstateLoansTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "oak:RealEstateNotesReceivable.CarryingAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2412405 - Disclosure - Investments in Real Estate - Real Estate Investments (Details)",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
     "shortName": "Investments in Real Estate - Real Estate Investments (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ic4e3d7b50bcf4e4ea4d55706157e74fe_D20200201-20200229",
      "decimals": "2",
      "lang": "en-US",
      "name": "oak:JointVentureOwnershipInterest",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     }
    },
    "R39": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i7a1c0e8a0ceb472f9a963a961891ffbd_D20211201-20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "oak:InvestmentInRealEstatePurchasePrice",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2413406 - Disclosure - Investments in Real Estate - Narrative (Details)",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
     "shortName": "Investments in Real Estate - Narrative (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i8107f8359c6b4fcc90cbacc721f86691_I20220118",
      "decimals": "-5",
      "lang": "en-US",
      "name": "us-gaap:PreferredStockValue",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R4": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfCommonStockOutstandingRollForwardTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CommonStockSharesOutstanding",
      "reportCount": 1,
      "unitRef": "shares",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "1002004 - Statement - Consolidated Balance Sheets (Parenthetical)",
     "role": "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
     "shortName": "Consolidated Balance Sheets (Parenthetical)",
     "subGroupType": "parenthetical",
     "uniqueAnchor": null
    },
    "R40": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfRealEstatePropertiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:InvestmentBuildingAndBuildingImprovements",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2414407 - Disclosure - Investments in Real Estate - Purchase Price Allocation (Details)",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
     "shortName": "Investments in Real Estate - Purchase Price Allocation (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "us-gaap:NoncashOrPartNoncashAcquisitionDebtAssumed1",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R41": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "-5",
      "first": true,
      "lang": "en-US",
      "name": "oak:EquityInterestIssuedOrIssuableValueAssigned",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2417408 - Disclosure - Investments in Unconsolidated Entities (Details)",
     "role": "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
     "shortName": "Investments in Unconsolidated Entities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "-5",
      "first": true,
      "lang": "en-US",
      "name": "oak:EquityInterestIssuedOrIssuableValueAssigned",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R42": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:Assets",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2418409 - Disclosure - Investments in Unconsolidated Entities - Summarized Financial Information of Unconsolidated Joint Venture (Details)",
     "role": "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails",
     "shortName": "Investments in Unconsolidated Entities - Summarized Financial Information of Unconsolidated Joint Venture (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:EquityMethodInvestmentsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i96f2a0c1e76747838fe6415b0e32fbad_D20211102-20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "us-gaap:Revenues",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R43": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "ix:continuation",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FiniteLivedIntangibleAssetsGross",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2421410 - Disclosure - Intangibles - Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details)",
     "role": "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails",
     "shortName": "Intangibles - Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "ix:continuation",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FiniteLivedIntangibleAssetsGross",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R44": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2422411 - Disclosure - Intangibles - Intangible Assets, Future Amortization Expense (Details)",
     "role": "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails",
     "shortName": "Intangibles - Intangible Assets, Future Amortization Expense (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R45": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "oak:ScheduleOfFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "oak:FiniteLivedIntangibleLiabilityExpectedAmortizationYearOne",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2423412 - Disclosure - Intangibles - Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense (Details)",
     "role": "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails",
     "shortName": "Intangibles - Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "oak:ScheduleOfFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "oak:FiniteLivedIntangibleLiabilityExpectedAmortizationYearOne",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R46": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "oak:InvestmentInRealEstateLoansTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "oak:RealEstateNotesReceivableFaceAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2426413 - Disclosure - Investments in Real Estate-Related Loans - Narrative (Details)",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
     "shortName": "Investments in Real Estate-Related Loans - Narrative (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i8640967245354dd9945e9f82b32647b7_D20211124-20211124",
      "decimals": "-5",
      "lang": "en-US",
      "name": "us-gaap:ProceedsFromSaleOfOtherInvestments",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R47": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "oak:ScheduleOfInvestmentsInRealEstateRelatedSecuritiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "oak:FaceAmountSecuritiesMortgageBacked",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2427414 - Disclosure - Investment in Real Estate-Related Loan and Securities- Floating Rate CMBS (Details)",
     "role": "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails",
     "shortName": "Investment in Real Estate-Related Loan and Securities- Floating Rate CMBS (Details)",
     "subGroupType": "details",
     "uniqueAnchor": null
    },
    "R48": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "oak:InvestmentInRealEstateLoansTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "oak:RealEstateNotesReceivableFaceAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2428415 - Disclosure - Investments in Real Estate-Related Loans - Schedule Of Real Estate Related Notes (Details)",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
     "shortName": "Investments in Real Estate-Related Loans - Schedule Of Real Estate Related Notes (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "oak:InvestmentInRealEstateLoansTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "oak:RealEstateNoteReceivableUnamortizedDiscount",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R49": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "oak:ScheduleOfInvestmentsInRealEstateRelatedSecuritiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "oak:FaceAmountSecuritiesMortgageBacked",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2429416 - Disclosure - Investments in Real Estate-Related Loans - Securities (Details)",
     "role": "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansSecuritiesDetails",
     "shortName": "Investments in Real Estate-Related Loans - Securities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "oak:ScheduleOfInvestmentsInRealEstateRelatedSecuritiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "oak:CostBasisSecuritiesMortgageBacked",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R5": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OperatingLeasesIncomeStatementLeaseRevenue",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "1003005 - Statement - Conolidated Statements of Operations",
     "role": "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
     "shortName": "Conolidated Statements of Operations",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "oak:OrganizationalExpenses",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R50": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "ix:continuation",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AccountsReceivableNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2432417 - Disclosure - Accounts and Other Receivables and Other Assets (Details)",
     "role": "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails",
     "shortName": "Accounts and Other Receivables and Other Assets (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "ix:continuation",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:AccountsReceivableNet",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R51": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:TaxesPayableCurrentAndNoncurrent",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2435418 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities (Details)",
     "role": "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails",
     "shortName": "Accounts Payable, Accrued Expenses and Other Liabilities (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:TaxesPayableCurrentAndNoncurrent",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R52": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ProceedsFromIssuanceOfSecuredDebt",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2438419 - Disclosure - Mortgage Loans (Details)",
     "role": "http://www.oaktree.com/role/MortgageLoansDetails",
     "shortName": "Mortgage Loans (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i0b3c111e2f474391b186aa1067a04be5_I20211130",
      "decimals": "-5",
      "lang": "en-US",
      "name": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R53": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "oak:SecuredOvernightFinancingRate",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2439420 - Disclosure - Mortgage Loans - Schedule of Mortgage Loans (Details)",
     "role": "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
     "shortName": "Mortgage Loans - Schedule of Mortgage Loans (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "oak:SecuredOvernightFinancingRate",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     }
    },
    "R54": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2440421 - Disclosure - Mortgage Loans - Maturity of Mortgage Loans (Details)",
     "role": "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails",
     "shortName": "Mortgage Loans - Maturity of Mortgage Loans (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R55": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DueToAffiliateCurrentAndNoncurrent",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2442422 - Disclosure - Related Party Transactions - Additional Information (Detail)",
     "role": "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
     "shortName": "Related Party Transactions - Additional Information (Detail)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i5f19b31868504b49a3c4d01e52022a55_D20210101-20211231",
      "decimals": "INF",
      "lang": "en-US",
      "name": "us-gaap:StockIssuedDuringPeriodSharesIssuedForServices",
      "reportCount": 1,
      "unique": true,
      "unitRef": "shares",
      "xsiNil": "false"
     }
    },
    "R56": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DueToAffiliateCurrentAndNoncurrent",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2443423 - Disclosure - Related Party Transactions - Due to Affiliate (Details)",
     "role": "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails",
     "shortName": "Related Party Transactions - Due to Affiliate (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i4b481992f883481087e433e500eb6845_I20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "us-gaap:DueToAffiliateCurrentAndNoncurrent",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R57": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "us-gaap:ScheduleOfStockByClassTextBlock",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "oak:CommonandPreferredStockSharesAuthorized",
      "reportCount": 1,
      "unitRef": "shares",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2446424 - Disclosure - Stockholder's Equity - Additional Information (Detail)",
     "role": "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail",
     "shortName": "Stockholder's Equity - Additional Information (Detail)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "2",
      "lang": "en-US",
      "name": "oak:PercentageOfRepurchaseOnNavPerMonth",
      "reportCount": 1,
      "unique": true,
      "unitRef": "number",
      "xsiNil": "false"
     }
    },
    "R58": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "us-gaap:ScheduleOfStockByClassTextBlock",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "oak:CommonandPreferredStockSharesAuthorized",
      "reportCount": 1,
      "unitRef": "shares",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2447425 - Disclosure - Stockholder's Equity - Stock by Class (Details)",
     "role": "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails",
     "shortName": "Stockholder's Equity - Stock by Class (Details)",
     "subGroupType": "details",
     "uniqueAnchor": null
    },
    "R59": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfCommonStockOutstandingRollForwardTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "if5f486c0922f4b93b2bfc469fd7607c6_I20201231",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:CommonStockSharesOutstanding",
      "reportCount": 1,
      "unitRef": "shares",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2448426 - Disclosure - Stockholder's Equity - Outstanding Stock Rollforward (Details)",
     "role": "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
     "shortName": "Stockholder's Equity - Outstanding Stock Rollforward (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "INF",
      "lang": "en-US",
      "name": "oak:StockDistributionReinvestmentsShares",
      "reportCount": 1,
      "unique": true,
      "unitRef": "shares",
      "xsiNil": "false"
     }
    },
    "R6": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i9f73d05b01924c74a75a1e154c946211_I20181231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "1004006 - Statement - Consolidated Statements of Changes in Stockholders' Equity (Deficit)",
     "role": "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
     "shortName": "Consolidated Statements of Changes in Stockholders' Equity (Deficit)",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2add0b60a5ff48829d23ddf6ed2e32b4_I20181231",
      "decimals": "0",
      "lang": "en-US",
      "name": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R60": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i62c51fb577a24e3198fd4d1a4992ef04_D20211229-20211229",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DividendsCommonStockCash",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2449427 - Disclosure - Stockholder's Equity - Dividends (Details)",
     "role": "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
     "shortName": "Stockholder's Equity - Dividends (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i62c51fb577a24e3198fd4d1a4992ef04_D20211229-20211229",
      "decimals": "INF",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:DividendsCommonStockCash",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R61": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "if5f486c0922f4b93b2bfc469fd7607c6_I20201231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:RedeemableNoncontrollingInterestEquityCarryingAmount",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2450428 - Disclosure - Stockholder's Equity (Details)",
     "role": "http://www.oaktree.com/role/StockholdersEquityDetails",
     "shortName": "Stockholder's Equity (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:RedeemableNoncontrollingInterestTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "oak:LimitedPartnerAssetContributions",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R62": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2454429 - Disclosure - Five Year Minimum Rental Payments (Details)",
     "role": "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails",
     "shortName": "Five Year Minimum Rental Payments (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R63": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NumberOfReportableSegments",
      "reportCount": 1,
      "unitRef": "segment",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2457430 - Disclosure - Segment Reporting (Details)",
     "role": "http://www.oaktree.com/role/SegmentReportingDetails",
     "shortName": "Segment Reporting (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "us-gaap:OperatingIncomeLoss",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R64": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:PaymentsToAcquireRealEstate",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2459431 - Disclosure - Subsequent Events (Details)",
     "role": "http://www.oaktree.com/role/SubsequentEventsDetails",
     "shortName": "Subsequent Events (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "if96b2e11035d44dab29ebfbc40b7a440_D20220101-20220330",
      "decimals": "-5",
      "lang": "en-US",
      "name": "us-gaap:PaymentsToAcquireRealEstate",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R65": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "srt:RealEstateAndAccumulatedDepreciationDisclosureTextBlock",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "srt:RealEstateAndAccumulatedDepreciationAmountOfEncumbrances",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2461432 - Disclosure - Schedule III\u2014Real Estate and Accumulated Depreciation (Details)",
     "role": "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
     "shortName": "Schedule III\u2014Real Estate and Accumulated Depreciation (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "srt:RealEstateAndAccumulatedDepreciationDisclosureTextBlock",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "ie6252f12065a427a816a4146c3a36a89_I20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "srt:RealEstateAndAccumulatedDepreciationAmountOfEncumbrances",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R66": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "if5f486c0922f4b93b2bfc469fd7607c6_I20201231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:RealEstateGrossAtCarryingValue",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2462433 - Disclosure - Schedule III\u2014Real Estate and Accumulated Depreciation Rollforward (Details)",
     "role": "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails",
     "shortName": "Schedule III\u2014Real Estate and Accumulated Depreciation Rollforward (Details)",
     "subGroupType": "details",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "us-gaap:SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R7": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:ProfitLoss",
      "reportCount": 1,
      "unitRef": "usd",
      "xsiNil": "false"
     },
     "groupType": "statement",
     "isDefault": "false",
     "longName": "1005007 - Statement - Consolidated Statements of Cash Flows",
     "role": "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
     "shortName": "Consolidated Statements of Cash Flows",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": "0",
      "lang": "en-US",
      "name": "oak:IncreaseDecreaseInManagementFees",
      "reportCount": 1,
      "unique": true,
      "unitRef": "usd",
      "xsiNil": "false"
     }
    },
    "R8": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NatureOfOperations",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2101101 - Disclosure - Organization and Business Purpose",
     "role": "http://www.oaktree.com/role/OrganizationandBusinessPurpose",
     "shortName": "Organization and Business Purpose",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:NatureOfOperations",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    },
    "R9": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SignificantAccountingPoliciesTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "disclosure",
     "isDefault": "false",
     "longName": "2107103 - Disclosure - Summary of Significant Accounting Policies",
     "role": "http://www.oaktree.com/role/SummaryofSignificantAccountingPolicies",
     "shortName": "Summary of Significant Accounting Policies",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "oak-20211231.htm",
      "contextRef": "i2163a9a6988a4134bc648a48a892d9d7_D20210101-20211231",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "us-gaap:SignificantAccountingPoliciesTextBlock",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 120,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AuditorFirmId": {
     "auth_ref": [
      "r548",
      "r549",
      "r550"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "PCAOB issued Audit Firm Identifier",
        "label": "Auditor Firm ID",
        "terseLabel": "Auditor Firm ID"
       }
      }
     },
     "localname": "AuditorFirmId",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/AuditInformation"
     ],
     "xbrltype": "nonemptySequenceNumberItemType"
    },
    "dei_AuditorLocation": {
     "auth_ref": [
      "r548",
      "r549",
      "r550"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Auditor Location",
        "terseLabel": "Auditor Location"
       }
      }
     },
     "localname": "AuditorLocation",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/AuditInformation"
     ],
     "xbrltype": "internationalNameItemType"
    },
    "dei_AuditorName": {
     "auth_ref": [
      "r548",
      "r549",
      "r550"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Auditor Name",
        "terseLabel": "Auditor Name"
       }
      }
     },
     "localname": "AuditorName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/AuditInformation"
     ],
     "xbrltype": "internationalNameItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code",
        "terseLabel": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CurrentFiscalYearEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "End date of current fiscal year in the format --MM-DD.",
        "label": "Current Fiscal Year End Date",
        "terseLabel": "Current Fiscal Year End Date"
       }
      }
     },
     "localname": "CurrentFiscalYearEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "gMonthDayItemType"
    },
    "dei_DocumentAnnualReport": {
     "auth_ref": [
      "r548",
      "r549",
      "r550"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an annual report.",
        "label": "Document Annual Report",
        "terseLabel": "Document Annual Report"
       }
      }
     },
     "localname": "DocumentAnnualReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus",
        "terseLabel": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus",
        "terseLabel": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentInformationLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Document Information [Line Items]",
        "terseLabel": "Document Information [Line Items]"
       }
      }
     },
     "localname": "DocumentInformationLineItems",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_DocumentInformationTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Container to support the formal attachment of each official or unofficial, public or private document as part of a submission package.",
        "label": "Document Information [Table]",
        "terseLabel": "Document Information [Table]"
       }
      }
     },
     "localname": "DocumentInformationTable",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentTransitionReport": {
     "auth_ref": [
      "r551"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a transition report.",
        "label": "Document Transition Report",
        "terseLabel": "Document Transition Report"
       }
      }
     },
     "localname": "DocumentTransitionReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type",
        "terseLabel": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "auth_ref": [
      "r547"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Documents incorporated by reference.",
        "label": "Documents Incorporated by Reference [Text Block]",
        "terseLabel": "Documents Incorporated by Reference"
       }
      }
     },
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "textBlockItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two",
        "terseLabel": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r546"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.",
        "label": "Entity Common Stock, Shares Outstanding",
        "terseLabel": "Entity Common Stock, Shares Outstanding"
       }
      }
     },
     "localname": "EntityCommonStockSharesOutstanding",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "dei_EntityCurrentReportingStatus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Current Reporting Status",
        "terseLabel": "Entity Current Reporting Status"
       }
      }
     },
     "localname": "EntityCurrentReportingStatus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains.",
        "label": "Entity [Domain]",
        "terseLabel": "Entity [Domain]"
       }
      }
     },
     "localname": "EntityDomain",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r546"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityExTransitionPeriod": {
     "auth_ref": [
      "r588"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.",
        "label": "Entity Ex Transition Period",
        "terseLabel": "Entity Ex Transition Period"
       }
      }
     },
     "localname": "EntityExTransitionPeriod",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number",
        "terseLabel": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityFilerCategory": {
     "auth_ref": [
      "r546"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Filer Category",
        "terseLabel": "Entity Filer Category"
       }
      }
     },
     "localname": "EntityFilerCategory",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "filerCategoryItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code",
        "terseLabel": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityInteractiveDataCurrent": {
     "auth_ref": [
      "r559"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).",
        "label": "Entity Interactive Data Current",
        "terseLabel": "Entity Interactive Data Current"
       }
      }
     },
     "localname": "EntityInteractiveDataCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityPublicFloat": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.",
        "label": "Entity Public Float",
        "terseLabel": "Entity Public Float"
       }
      }
     },
     "localname": "EntityPublicFloat",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "monetaryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r546"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityShellCompany": {
     "auth_ref": [
      "r546"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.",
        "label": "Entity Shell Company",
        "terseLabel": "Entity Shell Company"
       }
      }
     },
     "localname": "EntityShellCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntitySmallBusiness": {
     "auth_ref": [
      "r546"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).",
        "label": "Entity Small Business",
        "terseLabel": "Entity Small Business"
       }
      }
     },
     "localname": "EntitySmallBusiness",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r546"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_EntityVoluntaryFilers": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.",
        "label": "Entity Voluntary Filers",
        "terseLabel": "Entity Voluntary Filers"
       }
      }
     },
     "localname": "EntityVoluntaryFilers",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "auth_ref": [
      "r587"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.",
        "label": "Entity Well-known Seasoned Issuer",
        "terseLabel": "Entity Well-known Seasoned Issuer"
       }
      }
     },
     "localname": "EntityWellKnownSeasonedIssuer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_IcfrAuditorAttestationFlag": {
     "auth_ref": [
      "r548",
      "r549",
      "r550"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "ICFR Auditor Attestation Flag",
        "terseLabel": "ICFR Auditor Attestation Flag"
       }
      }
     },
     "localname": "IcfrAuditorAttestationFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_LegalEntityAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The set of legal entities associated with a report.",
        "label": "Legal Entity [Axis]",
        "terseLabel": "Legal Entity [Axis]"
       }
      }
     },
     "localname": "LegalEntityAxis",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://www.oaktree.com/role/DocumentandEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "oak_A1110KeyFederalHillMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "1110 Key Federal Hill",
        "label": "1110 Key Federal Hill [Member]",
        "terseLabel": "1110 Key Federal Hill"
       }
      }
     },
     "localname": "A1110KeyFederalHillMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_A1110KeyFederalHillMortgageMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "1110 Key Federal Hill Mortgage",
        "label": "1110 Key Federal Hill Mortgage [Member]",
        "terseLabel": "1110 Key Federal Hill Mortgage"
       }
      }
     },
     "localname": "A1110KeyFederalHillMortgageMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_A61236227MonroeCtMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "6123-6227 Monroe Ct",
        "label": "6123-6227 Monroe Ct [Member]",
        "terseLabel": "6123-6227 Monroe Ct"
       }
      }
     },
     "localname": "A61236227MonroeCtMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_A8400WestphaliaRoadMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "8400 Westphalia Road",
        "label": "8400 Westphalia Road [Member]",
        "terseLabel": "8400 Westphalia Road"
       }
      }
     },
     "localname": "A8400WestphaliaRoadMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AboveMarketLeaseAcquired": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Above Market Lease, Acquired",
        "label": "Above Market Lease, Acquired",
        "terseLabel": "Above Market Lease, Acquired"
       }
      }
     },
     "localname": "AboveMarketLeaseAcquired",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccountsPayableAccruedExpensesAndOtherLiabilities": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 6.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accounts Payable Accrued Expenses And Other Liabilities",
        "label": "Accounts Payable Accrued Expenses And Other Liabilities",
        "terseLabel": "Accounts payable, accrued expenses and other liabilities",
        "totalLabel": "Total accounts payable, accrued expenses and other liabilities"
       }
      }
     },
     "localname": "AccountsPayableAccruedExpensesAndOtherLiabilities",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccountsandOtherReceivablesNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 3.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accounts and Other Receivables, Net",
        "label": "Accounts and Other Receivables, Net",
        "terseLabel": "Accounts and other receivables, net",
        "totalLabel": "Total accounts and other receivables, net"
       }
      }
     },
     "localname": "AccountsandOtherReceivablesNet",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccruedBuildingImprovements": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued Building Improvements",
        "label": "Accrued Building Improvements",
        "terseLabel": "Accrued capital expenditures"
       }
      }
     },
     "localname": "AccruedBuildingImprovements",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccruedDistributions": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued Distributions",
        "label": "Accrued Distributions",
        "terseLabel": "Accrued distributions"
       }
      }
     },
     "localname": "AccruedDistributions",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccruedInterestExpense": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 1.0,
       "parentTag": "oak_AccountsPayableAccruedExpensesAndOtherLiabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued Interest Expense",
        "label": "Accrued Interest Expense",
        "terseLabel": "Accrued interest expense"
       }
      }
     },
     "localname": "AccruedInterestExpense",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccruedManagementFeeMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued management fee",
        "label": "Accrued management fee [Member]",
        "terseLabel": "Accrued management fee"
       }
      }
     },
     "localname": "AccruedManagementFeeMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AccruedManagementFees": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued Management Fees",
        "label": "Accrued Management Fees",
        "terseLabel": "Accrued management fee in due to affiliates"
       }
      }
     },
     "localname": "AccruedManagementFees",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccruedOfferingCosts": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued Offering Costs",
        "label": "Accrued Offering Costs",
        "terseLabel": "Accrued offering costs"
       }
      }
     },
     "localname": "AccruedOfferingCosts",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccruedPerformanceFeeMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued performance fee",
        "label": "Accrued performance fee [Member]",
        "terseLabel": "Accrued performance fee"
       }
      }
     },
     "localname": "AccruedPerformanceFeeMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AccruedPerformanceFees": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued Performance Fees",
        "label": "Accrued Performance Fees",
        "terseLabel": "Accrued Performance Fees"
       }
      }
     },
     "localname": "AccruedPerformanceFees",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccruedPerformanceParticipationAllocationMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued performance participation allocation",
        "label": "Accrued performance participation allocation [Member]",
        "terseLabel": "Accrued performance participation allocation"
       }
      }
     },
     "localname": "AccruedPerformanceParticipationAllocationMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AccruedRepurchasesInAccountsPayable": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued repurchases in accounts payable",
        "label": "Accrued repurchases in accounts payable",
        "terseLabel": "Accrued repurchases in accounts payable"
       }
      }
     },
     "localname": "AccruedRepurchasesInAccountsPayable",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccruedStockholderServicingFee": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued Stockholder Servicing Fee",
        "label": "Accrued Stockholder Servicing Fee",
        "terseLabel": "Accrued stockholder servicing fee"
       }
      }
     },
     "localname": "AccruedStockholderServicingFee",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AccruedStockholderServicingFeeMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued stockholder servicing fee",
        "label": "Accrued stockholder servicing fee [Member]",
        "terseLabel": "Accrued stockholder servicing fee"
       }
      }
     },
     "localname": "AccruedStockholderServicingFeeMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AccruedStockholderServicingFees": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 5.0,
       "parentTag": "oak_AccountsPayableAccruedExpensesAndOtherLiabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accrued stockholder servicing fees",
        "label": "Accrued stockholder servicing fees",
        "terseLabel": "Accrued stockholder servicing fees"
       }
      }
     },
     "localname": "AccruedStockholderServicingFees",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AcquiredPropertiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Acquired Properties [Member]",
        "label": "Acquired Properties [Member]",
        "terseLabel": "Acquired Properties [Member]"
       }
      }
     },
     "localname": "AcquiredPropertiesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AdditionOfFurnitureFixturesAndEquipmentInLieuOfRent": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Addition of Furniture, Fixtures and Equipment in Lieu of Rent",
        "label": "Addition of Furniture, Fixtures and Equipment in Lieu of Rent",
        "terseLabel": "Additions of furniture, fixtures and equipment in lieu of rent"
       }
      }
     },
     "localname": "AdditionOfFurnitureFixturesAndEquipmentInLieuOfRent",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AdjustmentOfPriorPeriodMisstatementsMemberMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Adjustment Of Prior Period Misstatements Member",
        "label": "Adjustment Of Prior Period Misstatements Member [Member]",
        "terseLabel": "Adjustment Of Prior Period Misstatements Member"
       }
      }
     },
     "localname": "AdjustmentOfPriorPeriodMisstatementsMemberMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AdjustmentstoAdditionalPaidinCapitalAmortizationofRestrictedStockGrants": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Adjustments to Additional Paid in Capital, Amortization of Restricted Stock Grants",
        "label": "Adjustments to Additional Paid in Capital, Amortization of Restricted Stock Grants",
        "terseLabel": "Adjustments to Additional Paid in Capital, Amortization of Restricted Stock Grants"
       }
      }
     },
     "localname": "AdjustmentstoAdditionalPaidinCapitalAmortizationofRestrictedStockGrants",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AdvancedOrganizationAndOfferingCostsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Advanced organization and offering costs",
        "label": "Advanced organization and offering costs [Member]",
        "terseLabel": "Advanced organization and offering costs"
       }
      }
     },
     "localname": "AdvancedOrganizationAndOfferingCostsMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AdviserAdvancesOfferingCosts": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Adviser Advances, Offering Costs",
        "label": "Adviser Advances, Offering Costs",
        "terseLabel": "Adviser Advances, Offering Costs"
       }
      }
     },
     "localname": "AdviserAdvancesOfferingCosts",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AdviserAdvancesOrganizationCosts": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Adviser Advances, Organization Costs",
        "label": "Adviser Advances, Organization Costs",
        "terseLabel": "Adviser Advances, Organization Costs"
       }
      }
     },
     "localname": "AdviserAdvancesOrganizationCosts",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AdviserForManagementFeesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Adviser for Management Fees",
        "label": "Adviser for Management Fees [Member]",
        "terseLabel": "Adviser for Management Fees"
       }
      }
     },
     "localname": "AdviserForManagementFeesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AdviserForPerformanceFeesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Adviser for Performance Fees",
        "label": "Adviser for Performance Fees [Member]",
        "terseLabel": "Adviser for Performance Fees"
       }
      }
     },
     "localname": "AdviserForPerformanceFeesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AffiliateLineOfCreditMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Affiliate Line of Credit",
        "label": "Affiliate Line of Credit [Member]",
        "terseLabel": "Affiliate Line of Credit"
       }
      }
     },
     "localname": "AffiliateLineOfCreditMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AllocationToNonControllingInterestsInThirdPartyJointVentures": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Allocation to non-controlling interests in third party joint ventures",
        "label": "Allocation to non-controlling interests in third party joint ventures",
        "terseLabel": "Allocation to non-controlling interests in third party joint ventures"
       }
      }
     },
     "localname": "AllocationToNonControllingInterestsInThirdPartyJointVentures",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AllocationToRedeemableNonControllingInterests": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Allocation to redeemable non-controlling interests",
        "label": "Allocation to redeemable non-controlling interests",
        "terseLabel": "Allocation to redeemable non-controlling interests"
       }
      }
     },
     "localname": "AllocationToRedeemableNonControllingInterests",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AlternativePropertiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Alternative Properties",
        "label": "Alternative Properties [Member]",
        "terseLabel": "Alternative properties:"
       }
      }
     },
     "localname": "AlternativePropertiesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AlternativesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Alternatives",
        "label": "Alternatives [Member]",
        "terseLabel": "Alternatives"
       }
      }
     },
     "localname": "AlternativesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AmortizationOfAboveAndBelowMarketLeases1": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 8.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amortization Of Above And Below Market Leases1",
        "label": "Amortization Of Above And Below Market Leases1",
        "negatedTerseLabel": "Amortization of above and below market leases"
       }
      }
     },
     "localname": "AmortizationOfAboveAndBelowMarketLeases1",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AmortizationofRestrictedStockGrants": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 3.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amortization of Restricted Stock Grants",
        "label": "Amortization of Restricted Stock Grants",
        "terseLabel": "Amortization of restricted stock grants"
       }
      }
     },
     "localname": "AmortizationofRestrictedStockGrants",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_AnnualHurdleAmountPercentage": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Annual Hurdle Amount Percentage",
        "label": "Annual Hurdle Amount Percentage",
        "terseLabel": "Annual hurdle amount, percentage"
       }
      }
     },
     "localname": "AnnualHurdleAmountPercentage",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_AnzioApartmentMortgageMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Anzio Apartment Mortgage [Member]",
        "label": "Anzio Apartment Mortgage [Member]",
        "terseLabel": "Anzio Apartment Mortgage [Member]"
       }
      }
     },
     "localname": "AnzioApartmentMortgageMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AnzioApartmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Anzio Apartments [Member]",
        "label": "Anzio Apartments [Member]",
        "terseLabel": "Anzio Apartments [Member]",
        "verboseLabel": "Anzio Apartments [Member]"
       }
      }
     },
     "localname": "AnzioApartmentsMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AnzioJointVentureMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Anzio Joint Venture [Member]",
        "label": "Anzio Joint Venture [Member]",
        "terseLabel": "Anzio Joint Venture [Member]"
       }
      }
     },
     "localname": "AnzioJointVentureMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_ArborsJointVentureMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Arbors Joint Venture",
        "label": "Arbors Joint Venture [Member]",
        "terseLabel": "Arbors"
       }
      }
     },
     "localname": "ArborsJointVentureMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_ArborsMortgageMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Arbors Mortgage",
        "label": "Arbors Mortgage [Member]",
        "terseLabel": "Arbors Mortgage"
       }
      }
     },
     "localname": "ArborsMortgageMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_ArlingtonVAMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Arlington, VA",
        "label": "Arlington, VA [Member]",
        "terseLabel": "Arlington, VA"
       }
      }
     },
     "localname": "ArlingtonVAMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AtlantaGAMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Atlanta, GA",
        "label": "Atlanta, GA [Member]",
        "terseLabel": "Atlanta, GA"
       }
      }
     },
     "localname": "AtlantaGAMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AtlantisMezzanineLoanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Atlantis Mezzanine Loan [Member]",
        "label": "Atlantis Mezzanine Loan [Member]",
        "terseLabel": "Atlantis Mezzanine Loan [Member]"
       }
      }
     },
     "localname": "AtlantisMezzanineLoanMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_AuditInformationAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Audit Information [Abstract]",
        "label": "Audit Information [Abstract]"
       }
      }
     },
     "localname": "AuditInformationAbstract",
     "nsuri": "http://www.oaktree.com/20211231",
     "xbrltype": "stringItemType"
    },
    "oak_BAMLL2021JACXFMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "BAMLL 2021-JACX F",
        "label": "BAMLL 2021-JACX F [Member]",
        "terseLabel": "BAMLL 2021-JACX F"
       }
      }
     },
     "localname": "BAMLL2021JACXFMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BHMS2018ATLSDMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "BHMS 2018 ATLS D [Member]",
        "label": "BHMS 2018 ATLS D [Member]",
        "terseLabel": "BHMS 2018 ATLS D [Member]"
       }
      }
     },
     "localname": "BHMS2018ATLSDMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BHMS2018ATLSEMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "BHMS 2018 ATLS E [Member]",
        "label": "BHMS 2018 ATLS E [Member]",
        "terseLabel": "BHMS 2018 ATLS E [Member]"
       }
      }
     },
     "localname": "BHMS2018ATLSEMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BX2019IMCGMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "BX 2019 IMC G [Member]",
        "label": "BX 2019 IMC G [Member]",
        "terseLabel": "BX 2019 IMC G [Member]"
       }
      }
     },
     "localname": "BX2019IMCGMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BX2020BXLPGMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "BX 2020 BXLP G [Member]",
        "label": "BX 2020 BXLP G [Member]",
        "terseLabel": "BX 2020 BXLP G [Member]"
       }
      }
     },
     "localname": "BX2020BXLPGMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BX2020VIVADMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "BX 2020 VIVA D",
        "label": "BX 2020 VIVA D [Member]",
        "terseLabel": "BX 2020 VIVA D"
       }
      }
     },
     "localname": "BX2020VIVADMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BX2020VIVAEMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "BX 2020 VIVA E",
        "label": "BX 2020 VIVA E [Member]",
        "terseLabel": "BX 2020 VIVA E"
       }
      }
     },
     "localname": "BX2020VIVAEMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BX2021SDMFJMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "BX 2021 SDMF J",
        "label": "BX 2021 SDMF J [Member]",
        "terseLabel": "BX 2021 SDMF J"
       }
      }
     },
     "localname": "BX2021SDMFJMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BXMT2020FL2Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "BXMT 2020 FL 2 [Member]",
        "label": "BXMT 2020 FL 2 [Member]",
        "terseLabel": "BXMT 2020 FL 2 [Member]"
       }
      }
     },
     "localname": "BXMT2020FL2Member",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BaltimoreMDMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Baltimore, MD",
        "label": "Baltimore, MD [Member]",
        "terseLabel": "Baltimore, MD"
       }
      }
     },
     "localname": "BaltimoreMDMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BeavertonORMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Beaverton, OR",
        "label": "Beaverton, OR [Member]",
        "terseLabel": "Beaverton, OR"
       }
      }
     },
     "localname": "BeavertonORMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_BorrowingsToFinanceRealEstateLoansReceivableMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Borrowings To Finance Real Estate Loans Receivable [Member]",
        "label": "Borrowings To Finance Real Estate Loans Receivable [Member]",
        "terseLabel": "Borrowings To Finance Real Estate Loans Receivable [Member]"
       }
      }
     },
     "localname": "BorrowingsToFinanceRealEstateLoansReceivableMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CGCMT2020WSSEMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "CGCMT 2020-WSS E",
        "label": "CGCMT 2020-WSS E [Member]",
        "terseLabel": "CGCMT 2020-WSS E"
       }
      }
     },
     "localname": "CGCMT2020WSSEMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CGCMT2020WSSFMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "CGCMT 2020-WSS F",
        "label": "CGCMT 2020-WSS F [Member]",
        "terseLabel": "CGCMT 2020-WSS F"
       }
      }
     },
     "localname": "CGCMT2020WSSFMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CGDB2019MOBFMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "CGDB 2019 MOB F [Member]",
        "label": "CGDB 2019 MOB F [Member]",
        "terseLabel": "CGDB 2019 MOB F [Member]"
       }
      }
     },
     "localname": "CGDB2019MOBFMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CMBSMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "CMBS",
        "label": "CMBS [Member]",
        "terseLabel": "CMBS"
       }
      }
     },
     "localname": "CMBSMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansSecuritiesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CapitalizationTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Capitalization [Text Block]",
        "label": "Capitalization [Text Block]",
        "terseLabel": "Capitalization"
       }
      }
     },
     "localname": "CapitalizationTextBlock",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/Capitalization"
     ],
     "xbrltype": "textBlockItemType"
    },
    "oak_CapitalizedFeesNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Capitalized Fees, Net",
        "label": "Capitalized Fees, Net",
        "terseLabel": "Capitalized fees"
       }
      }
     },
     "localname": "CapitalizedFeesNet",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_CarryingAmountSecuritiesMortgageBacked": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying Amount, Securities, Mortgage Backed",
        "label": "Carrying Amount, Securities, Mortgage Backed",
        "terseLabel": "Fair Value"
       }
      }
     },
     "localname": "CarryingAmountSecuritiesMortgageBacked",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_ChicagoILMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Chicago, IL",
        "label": "Chicago, IL [Member]",
        "terseLabel": "Chicago, IL"
       }
      }
     },
     "localname": "ChicagoILMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_ClassSAndClassTMemberMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Class S And Class T Member",
        "label": "Class S And Class T Member [Member]",
        "terseLabel": "Class S And Class T Member"
       }
      }
     },
     "localname": "ClassSAndClassTMemberMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CommonAndPreferredStockValueAuthorized": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Common and Preferred Stock, Value Authorized",
        "label": "Common and Preferred Stock, Value Authorized",
        "terseLabel": "Common and Preferred Stock, Value Authorized"
       }
      }
     },
     "localname": "CommonAndPreferredStockValueAuthorized",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_CommonClassDMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Common Class D [Member]",
        "label": "Common Class D [Member]",
        "terseLabel": "Class D common stock"
       }
      }
     },
     "localname": "CommonClassDMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CommonClassEMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Common Class E",
        "label": "Common Class E [Member]",
        "terseLabel": "Class E common stock"
       }
      }
     },
     "localname": "CommonClassEMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/DocumentandEntityInformation",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CommonClassIMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Common Class I [Member]",
        "label": "Common Class I- [Member]",
        "terseLabel": "Class I common stock"
       }
      }
     },
     "localname": "CommonClassIMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/DocumentandEntityInformation",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CommonClassSMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Common Class S [Member]",
        "label": "Common Class S- [Member]",
        "terseLabel": "Common Stock Class S"
       }
      }
     },
     "localname": "CommonClassSMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/DocumentandEntityInformation",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CommonClassTMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Common Class T [Member]",
        "label": "Common Class T- [Member]",
        "terseLabel": "Class T common stock"
       }
      }
     },
     "localname": "CommonClassTMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CommonandPreferredStockSharesAuthorized": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Common and Preferred Stock, Shares Authorized",
        "label": "Common and Preferred Stock, Shares Authorized",
        "terseLabel": "Common and Preferred Stock, Shares Authorized"
       }
      }
     },
     "localname": "CommonandPreferredStockSharesAuthorized",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "oak_ConstructionReservesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Construction Reserves [Member]",
        "label": "Construction Reserves [Member]",
        "terseLabel": "Construction Reserves [Member]"
       }
      }
     },
     "localname": "ConstructionReservesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_CostBasisSecuritiesMortgageBacked": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cost Basis, , Securities, Mortgage Backed",
        "label": "Cost Basis, , Securities, Mortgage Backed",
        "terseLabel": "Cost Basis"
       }
      }
     },
     "localname": "CostBasisSecuritiesMortgageBacked",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_DallasTXMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Dallas, TX",
        "label": "Dallas, TX [Member]",
        "terseLabel": "Dallas, TX"
       }
      }
     },
     "localname": "DallasTXMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_DebtInstrumentExtensionTerm": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Instrument, Extension Term",
        "label": "Debt Instrument, Extension Term",
        "terseLabel": "Debt Instrument, Extension Term"
       }
      }
     },
     "localname": "DebtInstrumentExtensionTerm",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "oak_DebtInstrumentInterestAmortizationProfile": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Instrument, Interest Amortization Profile",
        "label": "Debt Instrument, Interest Amortization Profile",
        "terseLabel": "Debt Instrument, Interest Amortization Profile"
       }
      }
     },
     "localname": "DebtInstrumentInterestAmortizationProfile",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "oak_DebtInstrumentInterestOnlyPeriod": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Instrument, Interest Only Period",
        "label": "Debt Instrument, Interest Only Period",
        "terseLabel": "Debt Instrument, Interest Only Period"
       }
      }
     },
     "localname": "DebtInstrumentInterestOnlyPeriod",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "oak_DebtInstrumentLockoutPeriod": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Instrument, Lockout Period",
        "label": "Debt Instrument, Lockout Period",
        "terseLabel": "Debt Instrument, Lockout Period"
       }
      }
     },
     "localname": "DebtInstrumentLockoutPeriod",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "oak_DebtInstrumentNumberOfExtensionOptions": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Instrument, Number Of Extension Options",
        "label": "Debt Instrument, Number Of Extension Options",
        "terseLabel": "Debt Instrument, Number Of Extension Options"
       }
      }
     },
     "localname": "DebtInstrumentNumberOfExtensionOptions",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "oak_DebtInstrumentPeriodWithoutDefeasancePenalty": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Instrument, Period Without Defeasance Penalty",
        "label": "Debt Instrument, Period Without Defeasance Penalty",
        "terseLabel": "Debt Instrument, Period Without Defeasance Penalty"
       }
      }
     },
     "localname": "DebtInstrumentPeriodWithoutDefeasancePenalty",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "oak_DebtInstrumentPrepaymentPenaltyPercentage": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Debt Instrument, Prepayment Penalty Percentage",
        "label": "Debt Instrument, Prepayment Penalty Percentage",
        "terseLabel": "Debt Instrument, Prepayment Penalty Percentage"
       }
      }
     },
     "localname": "DebtInstrumentPrepaymentPenaltyPercentage",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_DecreaseFromRedemptions": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Decrease From Redemptions",
        "label": "Decrease From Redemptions",
        "negatedTerseLabel": "Decrease From Redemptions"
       }
      }
     },
     "localname": "DecreaseFromRedemptions",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_DecreasefromDistributions": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Decrease from Distributions",
        "label": "Decrease from Distributions",
        "negatedTerseLabel": "Distributions"
       }
      }
     },
     "localname": "DecreasefromDistributions",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_DeferredFinancingCostsNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails": {
       "order": 2.0,
       "parentTag": "oak_MortgageLoansNet",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Deferred Financing Costs, Net",
        "label": "Deferred Financing Costs, Net",
        "negatedTerseLabel": "Deferred Financing Costs, Net"
       }
      }
     },
     "localname": "DeferredFinancingCostsNet",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_DisposalOfRealEstate": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Non-cash Disposal of Real Estate",
        "label": "Disposal of Real Estate",
        "terseLabel": "Disposition of real estate"
       }
      }
     },
     "localname": "DisposalOfRealEstate",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_DistributionReinvestmentPlanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Distribution Reinvestment Plan [Member]",
        "label": "Distribution Reinvestment Plan [Member]",
        "terseLabel": "Distribution Reinvestment Plan [Member]"
       }
      }
     },
     "localname": "DistributionReinvestmentPlanMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_DistributionsPayable": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 2.0,
       "parentTag": "oak_AccountsPayableAccruedExpensesAndOtherLiabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Distributions Payable",
        "label": "Distributions Payable",
        "terseLabel": "Distribution payable"
       }
      }
     },
     "localname": "DistributionsPayable",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_DistributionsReinvested": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Distributions Reinvested",
        "label": "Distributions Reinvested",
        "terseLabel": "Distributions reinvested"
       }
      }
     },
     "localname": "DistributionsReinvested",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_DocumentandEntityInformationAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Document and Entity Information [Abstract]",
        "label": "Document and Entity Information [Abstract]",
        "terseLabel": "Document and Entity Information [Abstract]"
       }
      }
     },
     "localname": "DocumentandEntityInformationAbstract",
     "nsuri": "http://www.oaktree.com/20211231",
     "xbrltype": "stringItemType"
    },
    "oak_DomainMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Domain",
        "label": "Domain [Member]",
        "terseLabel": "Domain"
       }
      }
     },
     "localname": "DomainMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_DomainMortgageMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Domain mortgage",
        "label": "Domain mortgage [Member]",
        "terseLabel": "Domain mortgage"
       }
      }
     },
     "localname": "DomainMortgageMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_DreamWorksAnimationStudiosMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "DreamWorks Animation Studios",
        "label": "DreamWorks Animation Studios [Member]",
        "terseLabel": "DreamWorks Animation Studios"
       }
      }
     },
     "localname": "DreamWorksAnimationStudiosMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_DreamWorksAnimationStudiosMortgageMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "DreamWorks Animation Studios mortgage",
        "label": "DreamWorks Animation Studios mortgage [Member]",
        "terseLabel": "DreamWorks Animation Studios mortgage"
       }
      }
     },
     "localname": "DreamWorksAnimationStudiosMortgageMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_EquityContributedToJointVentureGross": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Equity Contributed To Joint Venture, Gross",
        "label": "Equity Contributed To Joint Venture, Gross",
        "terseLabel": "Equity Contributed To Joint Venture, Gross"
       }
      }
     },
     "localname": "EquityContributedToJointVentureGross",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_EquityFromSaleOfRealEstate": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Equity from Sale of Real Estate",
        "label": "Equity from Sale of Real Estate",
        "terseLabel": "Equity from Sale of Real Estate"
       }
      }
     },
     "localname": "EquityFromSaleOfRealEstate",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_EquityInterestIssuedOrIssuableValueAssigned": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Equity Interest Issued Or Issuable, Value Assigned",
        "label": "Equity Interest Issued Or Issuable, Value Assigned",
        "terseLabel": "Preferred equity interest"
       }
      }
     },
     "localname": "EquityInterestIssuedOrIssuableValueAssigned",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_EquityMethodInvestmentFairValue": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Equity Method Investment, Fair Value",
        "label": "Equity Method Investment, Fair Value",
        "terseLabel": "Fair value"
       }
      }
     },
     "localname": "EquityMethodInvestmentFairValue",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_EzlynJointVentureMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Ezlyn Joint Venture [Member]",
        "label": "Ezlyn Joint Venture [Member]",
        "terseLabel": "Ezlyn Joint Venture [Member]"
       }
      }
     },
     "localname": "EzlynJointVentureMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_EzlynMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Ezlyn [Member]",
        "label": "Ezlyn [Member]",
        "terseLabel": "Ezlyn [Member]"
       }
      }
     },
     "localname": "EzlynMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_EzlynMortgageMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Ezlyn Mortgage [Member]",
        "label": "Ezlyn Mortgage [Member]",
        "terseLabel": "Ezlyn Mortgage [Member]"
       }
      }
     },
     "localname": "EzlynMortgageMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_FaceAmountSecuritiesMortgageBacked": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Face Amount, Securities, Mortgage Backed",
        "label": "Face Amount, Securities, Mortgage Backed",
        "terseLabel": "Face Amount"
       }
      }
     },
     "localname": "FaceAmountSecuritiesMortgageBacked",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansSecuritiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FairValueAllocation": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair Value Allocation",
        "label": "Fair Value Allocation",
        "terseLabel": "Fair Value Allocation"
       }
      }
     },
     "localname": "FairValueAllocation",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FiniteLivedIntangibleLiabilityExpectedAmortizationAfterYearFive": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails": {
       "order": 3.0,
       "parentTag": "oak_FiniteLivedIntangibleLiabilityNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Finite-Lived Intangible Liability, Expected Amortization, After Year Five",
        "label": "Finite-Lived Intangible Liability, Expected Amortization, After Year Five",
        "negatedTerseLabel": "Thereafter"
       }
      }
     },
     "localname": "FiniteLivedIntangibleLiabilityExpectedAmortizationAfterYearFive",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FiniteLivedIntangibleLiabilityExpectedAmortizationYearFive": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails": {
       "order": 4.0,
       "parentTag": "oak_FiniteLivedIntangibleLiabilityNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Finite-Lived Intangible Liability, Expected Amortization, Year Five",
        "label": "Finite-Lived Intangible Liability, Expected Amortization, Year Five",
        "negatedTerseLabel": "2026"
       }
      }
     },
     "localname": "FiniteLivedIntangibleLiabilityExpectedAmortizationYearFive",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FiniteLivedIntangibleLiabilityExpectedAmortizationYearFour": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails": {
       "order": 5.0,
       "parentTag": "oak_FiniteLivedIntangibleLiabilityNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Finite-Lived Intangible Liability, Expected Amortization, Year Four",
        "label": "Finite-Lived Intangible Liability, Expected Amortization, Year Four",
        "negatedTerseLabel": "2025"
       }
      }
     },
     "localname": "FiniteLivedIntangibleLiabilityExpectedAmortizationYearFour",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FiniteLivedIntangibleLiabilityExpectedAmortizationYearOne": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails": {
       "order": 6.0,
       "parentTag": "oak_FiniteLivedIntangibleLiabilityNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Finite-Lived Intangible Liability, Expected Amortization, Year One",
        "label": "Finite-Lived Intangible Liability, Expected Amortization, Year One",
        "negatedTerseLabel": "2022"
       }
      }
     },
     "localname": "FiniteLivedIntangibleLiabilityExpectedAmortizationYearOne",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FiniteLivedIntangibleLiabilityExpectedAmortizationYearThree": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails": {
       "order": 2.0,
       "parentTag": "oak_FiniteLivedIntangibleLiabilityNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Finite-Lived Intangible Liability, Expected Amortization, Year Three",
        "label": "Finite-Lived Intangible Liability, Expected Amortization, Year Three",
        "negatedTerseLabel": "2024"
       }
      }
     },
     "localname": "FiniteLivedIntangibleLiabilityExpectedAmortizationYearThree",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FiniteLivedIntangibleLiabilityExpectedAmortizationYearTwo": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails": {
       "order": 1.0,
       "parentTag": "oak_FiniteLivedIntangibleLiabilityNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Finite-Lived Intangible Liability, Expected Amortization, Year Two",
        "label": "Finite-Lived Intangible Liability, Expected Amortization, Year Two",
        "negatedTerseLabel": "2023"
       }
      }
     },
     "localname": "FiniteLivedIntangibleLiabilityExpectedAmortizationYearTwo",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FiniteLivedIntangibleLiabilityNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Finite-Lived Intangible Liability, Net",
        "label": "Finite-Lived Intangible Liability, Net",
        "negatedTotalLabel": "Total"
       }
      }
     },
     "localname": "FiniteLivedIntangibleLiabilityNet",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FlatsOnFrontMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Flats on Front",
        "label": "Flats on Front [Member]",
        "terseLabel": "Flats on Front"
       }
      }
     },
     "localname": "FlatsOnFrontMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_FloatingRateCommercialMortgageBackedSecuritiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Floating Rate Commercial Mortgage Backed Securities",
        "label": "Floating Rate Commercial Mortgage Backed Securities [Member]",
        "terseLabel": "Floating Rate Commercial Mortgage Backed Securities"
       }
      }
     },
     "localname": "FloatingRateCommercialMortgageBackedSecuritiesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_FollowOnDistributionReinvestmentPlanOfferingMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Follow-On Distribution Reinvestment Plan Offering",
        "label": "Follow-On Distribution Reinvestment Plan Offering [Member]",
        "terseLabel": "Follow-On Distribution Reinvestment Plan Offering"
       }
      }
     },
     "localname": "FollowOnDistributionReinvestmentPlanOfferingMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_FollowOnPrimaryOfferingMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Follow-On Primary Offering",
        "label": "Follow-On Primary Offering [Member]",
        "terseLabel": "Follow-On Primary Offering"
       }
      }
     },
     "localname": "FollowOnPrimaryOfferingMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_FurnitureFixturesAndEquipment": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails": {
       "order": 5.0,
       "parentTag": "oak_RealEstateInvestmentsGross",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Furniture, Fixtures, And Equipment",
        "label": "Furniture, Fixtures, And Equipment",
        "terseLabel": "Furniture, Fixtures, And Equipment"
       }
      }
     },
     "localname": "FurnitureFixturesAndEquipment",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_FurnitureFixturesandEquipmentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Furniture, Fixtures, and Equipment [Member]",
        "label": "Furniture, Fixtures, and Equipment [Member]",
        "terseLabel": "Furniture, Fixtures, and Equipment [Member]"
       }
      }
     },
     "localname": "FurnitureFixturesandEquipmentMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_GlendaleCAMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Glendale, CA",
        "label": "Glendale, CA [Member]",
        "terseLabel": "Glendale, CA"
       }
      }
     },
     "localname": "GlendaleCAMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_HinesInterestsLimitedPartnershipMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Hines Interests Limited Partnership [Member]",
        "label": "Hines Interests Limited Partnership [Member]",
        "terseLabel": "Hines Interests Limited Partnership [Member]"
       }
      }
     },
     "localname": "HinesInterestsLimitedPartnershipMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_HollandPartnerGroupMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Holland Partner Group [Member]",
        "label": "Holland Partner Group [Member]",
        "terseLabel": "Holland Partner Group [Member]"
       }
      }
     },
     "localname": "HollandPartnerGroupMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_IMCAMCBondInvestmentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "IMC/AMC Bond Investment [Member]",
        "label": "IMC/AMC Bond Investment [Member]",
        "terseLabel": "IMC/AMC Bond Investment [Member]"
       }
      }
     },
     "localname": "IMCAMCBondInvestmentMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_IncreaseDecreaseInLoanOriginationCosts": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 12.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Increase (Decrease) In Loan Origination Costs",
        "label": "Increase (Decrease) In Loan Origination Costs",
        "negatedTerseLabel": "Increase (Decrease) In Loan Origination Costs"
       }
      }
     },
     "localname": "IncreaseDecreaseInLoanOriginationCosts",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_IncreaseDecreaseInManagementFees": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 13.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Increase (Decrease) in Management Fees",
        "label": "Increase (Decrease) in Management Fees",
        "negatedTerseLabel": "Management fees"
       }
      }
     },
     "localname": "IncreaseDecreaseInManagementFees",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_IncreaseDecreaseInPerformanceFees": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 16.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Increase (Decrease) in Performance Fees",
        "label": "Increase (Decrease) in Performance Fees",
        "negatedTerseLabel": "Performance fees"
       }
      }
     },
     "localname": "IncreaseDecreaseInPerformanceFees",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_IncreasefromContributions": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Increase from Contributions",
        "label": "Increase from Contributions",
        "terseLabel": "Contributions from non-controlling interests"
       }
      }
     },
     "localname": "IncreasefromContributions",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_IntangibleLiabilitiesNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 5.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Intangible Liabilities, Net",
        "label": "Intangible Liabilities, Net",
        "terseLabel": "Intangible liabilities, net"
       }
      }
     },
     "localname": "IntangibleLiabilitiesNet",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_InterestLoansRealEstate": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 1.0,
       "parentTag": "us-gaap_NonoperatingIncomeExpense",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest, Loans, Real Estate",
        "label": "Interest, Loans, Real Estate",
        "terseLabel": "Income from real estate-related loans and securities"
       }
      }
     },
     "localname": "InterestLoansRealEstate",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_InterestRateCap": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest rate cap",
        "label": "Interest rate cap",
        "terseLabel": "Interest rate cap"
       }
      }
     },
     "localname": "InterestRateCap",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_InvestmentInPreferredMembership": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investment in Preferred Membership",
        "label": "Investment in Preferred Membership",
        "negatedTerseLabel": "Investment in Preferred Membership"
       }
      }
     },
     "localname": "InvestmentInPreferredMembership",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_InvestmentInRealEstateLoansTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investment In Real Estate Loans [Table Text Block]",
        "label": "Investment In Real Estate Loans [Table Text Block]",
        "terseLabel": "Investment In Real Estate Loans [Table Text Block]"
       }
      }
     },
     "localname": "InvestmentInRealEstateLoansTableTextBlock",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "oak_InvestmentInRealEstatePurchasePrice": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investment In Real Estate, Purchase Price",
        "label": "Investment In Real Estate, Purchase Price",
        "terseLabel": "Investment In Real Estate, Purchase Price"
       }
      }
     },
     "localname": "InvestmentInRealEstatePurchasePrice",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_InvestmentinRealEstateRelatedLoanAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investment in Real Estate-Related Loan [Abstract]",
        "label": "Investment in Real Estate-Related Loan [Abstract]"
       }
      }
     },
     "localname": "InvestmentinRealEstateRelatedLoanAbstract",
     "nsuri": "http://www.oaktree.com/20211231",
     "xbrltype": "stringItemType"
    },
    "oak_InvestmentsInRealEstateRelatedLoansNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 1.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investments In Real Estate-Related Loans, Net",
        "label": "Investments In Real Estate-Related Loans, Net",
        "terseLabel": "Investments in real estate-related loans and securities, net"
       }
      }
     },
     "localname": "InvestmentsInRealEstateRelatedLoansNet",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_InvestmentsInUnconsolidatedEntities": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 5.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investments in Unconsolidated Entities",
        "label": "Investments in Unconsolidated Entities",
        "terseLabel": "Investments in unconsolidated entities"
       }
      }
     },
     "localname": "InvestmentsInUnconsolidatedEntities",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_InvestmentsInUnconsolidatedEntitiesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investments in unconsolidated entities",
        "label": "Investments in unconsolidated entities [Member]",
        "terseLabel": "Investments in unconsolidated entities"
       }
      }
     },
     "localname": "InvestmentsInUnconsolidatedEntitiesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_InvestorRedemptions": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 7.0,
       "parentTag": "oak_AccountsPayableAccruedExpensesAndOtherLiabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Investor redemptions",
        "label": "Investor redemptions",
        "terseLabel": "Investor redemptions"
       }
      }
     },
     "localname": "InvestorRedemptions",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_IssuanceOfBrookfieldREITOPUnitsAsConsiderationForAcquisitionsOfRealEstate": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Issuance of Brookfield REIT OP units as consideration for acquisitions of real estate",
        "label": "Issuance of Brookfield REIT OP units as consideration for acquisitions of real estate",
        "terseLabel": "Issuance of Brookfield REIT OP units as consideration for acquisitions of real estate"
       }
      }
     },
     "localname": "IssuanceOfBrookfieldREITOPUnitsAsConsiderationForAcquisitionsOfRealEstate",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_JointVentureOwnershipInterest": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Joint Venture Ownership Interest",
        "label": "Joint Venture Ownership Interest",
        "terseLabel": "Joint Venture Ownership Interest"
       }
      }
     },
     "localname": "JointVentureOwnershipInterest",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_LakelandFLMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Lakeland, FL",
        "label": "Lakeland, FL [Member]",
        "terseLabel": "Lakeland, FL"
       }
      }
     },
     "localname": "LakelandFLMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_LakesJointVentureMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Lakes Joint Venture [Member]",
        "label": "Lakes Joint Venture [Member]",
        "terseLabel": "Lakes Joint Venture"
       }
      }
     },
     "localname": "LakesJointVentureMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_LakesMortgageMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Lakes Mortgage [Member]",
        "label": "Lakes Mortgage [Member]",
        "terseLabel": "Lakes Mortgage"
       }
      }
     },
     "localname": "LakesMortgageMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_LandGrossAmount": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Land, Gross Amount",
        "label": "Land, Gross Amount",
        "terseLabel": "Land, Gross Amount"
       }
      }
     },
     "localname": "LandGrossAmount",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_LeaseInducementsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Lease Inducements [Member]",
        "label": "Lease Inducements [Member]",
        "terseLabel": "Lease inducements"
       }
      }
     },
     "localname": "LeaseInducementsMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_LeaseOriginationCostMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Lease Origination Cost [Member]",
        "label": "Lease Origination Cost [Member]",
        "terseLabel": "Lease origination costs"
       }
      }
     },
     "localname": "LeaseOriginationCostMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_LeaseOriginationCosts": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Lease Origination Costs",
        "label": "Lease Origination Costs",
        "terseLabel": "Lease Origination Costs"
       }
      }
     },
     "localname": "LeaseOriginationCosts",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_LibertyJointVentureMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Liberty Joint Venture [Member]",
        "label": "Liberty Joint Venture [Member]",
        "terseLabel": "Liberty Joint Venture [Member]"
       }
      }
     },
     "localname": "LibertyJointVentureMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_LimitedPartnerAssetContributions": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Limited Partner Asset Contributions",
        "label": "Limited Partner Asset Contributions",
        "terseLabel": "Limited Partner Asset Contributions"
       }
      }
     },
     "localname": "LimitedPartnerAssetContributions",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_LimitedPartnerCashContribution": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Limited Partner Cash Contribution",
        "label": "Limited Partner Cash Contribution",
        "terseLabel": "Limited Partner Cash Contribution"
       }
      }
     },
     "localname": "LimitedPartnerCashContribution",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_LineOfCreditAffiliateOfOaktreeMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line of Credit, Affiliate of Oaktree",
        "label": "Line of Credit, Affiliate of Oaktree [Member]",
        "terseLabel": "Line of Credit, Affiliate of Oaktree"
       }
      }
     },
     "localname": "LineOfCreditAffiliateOfOaktreeMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_LineOfCreditFacilityExtensionOptionTerm": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line of Credit Facility, Extension Option Term",
        "label": "Line of Credit Facility, Extension Option Term",
        "terseLabel": "Line of Credit Facility, Extension Option Term"
       }
      }
     },
     "localname": "LineOfCreditFacilityExtensionOptionTerm",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "durationItemType"
    },
    "oak_LogisticsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Logistics",
        "label": "Logistics [Member]",
        "terseLabel": "Logistics"
       }
      }
     },
     "localname": "LogisticsMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_LosAngelesCAMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Los Angeles, CA",
        "label": "Los Angeles, CA [Member]",
        "terseLabel": "Los Angeles, CA"
       }
      }
     },
     "localname": "LosAngelesCAMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_ManagementFeesPaidInShares": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Management Fees Paid In Shares",
        "label": "Management Fees Paid In Shares",
        "terseLabel": "Management fees paid in shares"
       }
      }
     },
     "localname": "ManagementFeesPaidInShares",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_McLaneDistributionCenterMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "McLane Distribution Center",
        "label": "McLane Distribution Center [Member]",
        "terseLabel": "McLane Distribution Center"
       }
      }
     },
     "localname": "McLaneDistributionCenterMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_Montgomery111Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Montgomery 111",
        "label": "Montgomery 111 [Member]",
        "terseLabel": "Montgomery 111"
       }
      }
     },
     "localname": "Montgomery111Member",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_MontgomeryLoanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Montgomery Loan",
        "label": "Montgomery Loan [Member]",
        "terseLabel": "Montgomery Loan"
       }
      }
     },
     "localname": "MontgomeryLoanMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_MortgageBackedSecuritiesBasisSpreadOnVariableRate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Backed Securities, Basis Spread On Variable Rate",
        "label": "Mortgage Backed Securities, Basis Spread On Variable Rate",
        "terseLabel": "Mortgage Backed Securities, Basis Spread On Variable Rate"
       }
      }
     },
     "localname": "MortgageBackedSecuritiesBasisSpreadOnVariableRate",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_MortgageLoan": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails": {
       "order": 1.0,
       "parentTag": "oak_MortgageLoansNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Loan",
        "label": "Mortgage Loan",
        "terseLabel": "Mortgage Loan"
       }
      }
     },
     "localname": "MortgageLoan",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_MortgageLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Loans",
        "label": "Mortgage Loans [Member]",
        "terseLabel": "Mortgage Loans"
       }
      }
     },
     "localname": "MortgageLoansMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_MortgageLoansNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 1.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Mortgage Loans, Net",
        "label": "Mortgage Loans, Net",
        "terseLabel": "Mortgage loans and secured credit facility, net",
        "totalLabel": "Mortgage Loans, Net"
       }
      }
     },
     "localname": "MortgageLoansNet",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_Multifamily1Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Multifamily1",
        "label": "Multifamily1 [Member]",
        "terseLabel": "Multifamily"
       }
      }
     },
     "localname": "Multifamily1Member",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_NashvilleTNMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Nashville, TN",
        "label": "Nashville, TN [Member]",
        "terseLabel": "Nashville, TN"
       }
      }
     },
     "localname": "NashvilleTNMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_NetIncomeAttributableToRedeemableNonControllingInterests": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 3.0,
       "parentTag": "us-gaap_NetIncomeLoss",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Net income attributable to redeemable non-controlling interests",
        "label": "Net income attributable to redeemable non-controlling interests",
        "terseLabel": "Net income attributable to redeemable non-controlling interests"
       }
      }
     },
     "localname": "NetIncomeAttributableToRedeemableNonControllingInterests",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_NetIncomeLossAttributableToRedeemableNoncontrollingInterestAndInterestsInJointVentures": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Net Income (Loss) Attributable to Redeemable Noncontrolling Interest and Interests In Joint Ventures",
        "label": "Net Income (Loss) Attributable to Redeemable Noncontrolling Interest and Interests In Joint Ventures",
        "terseLabel": "Net Income (Loss) Attributable to Redeemable Noncontrolling Interest and Interests In Joint Ventures"
       }
      }
     },
     "localname": "NetIncomeLossAttributableToRedeemableNoncontrollingInterestAndInterestsInJointVentures",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_NetPurchasePriceToAcquireRealEstate": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Net Purchase Price To Acquire Real Estate",
        "label": "Net Purchase Price To Acquire Real Estate",
        "terseLabel": "Net purchase price"
       }
      }
     },
     "localname": "NetPurchasePriceToAcquireRealEstate",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_NonControllingInterestsAttributableToPreferredShareholdersMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Non-controlling Interests Attributable to Preferred Shareholders",
        "label": "Non-controlling Interests Attributable to Preferred Shareholders [Member]",
        "terseLabel": "Non-controlling Interests Attributable to Preferred Shareholders"
       }
      }
     },
     "localname": "NonControllingInterestsAttributableToPreferredShareholdersMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_NonControllingInterestsAttributableToPreferredStockholders": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 1.0,
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Non-controlling interests attributable to preferred stockholders",
        "label": "Non-controlling interests attributable to preferred stockholders",
        "terseLabel": "Non-controlling interests attributable to preferred stockholders"
       }
      }
     },
     "localname": "NonControllingInterestsAttributableToPreferredStockholders",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_NonControllingInterestsAttributableToThirdPartyJointVentures": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 2.0,
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Non-controlling interests attributable to third party joint ventures",
        "label": "Non-controlling interests attributable to third party joint ventures",
        "terseLabel": "Non-controlling interests attributable to third party joint ventures"
       }
      }
     },
     "localname": "NonControllingInterestsAttributableToThirdPartyJointVentures",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_NoncashAmountOfMembershipInterestAcquiredFromDispositionOfRealEstate": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Noncash, Amount of Membership Interest Acquired From Disposition of Real Estate",
        "label": "Noncash, Amount of Membership Interest Acquired From Disposition of Real Estate",
        "terseLabel": "Preferred membership interest acquired from disposition of real estate"
       }
      }
     },
     "localname": "NoncashAmountOfMembershipInterestAcquiredFromDispositionOfRealEstate",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_NumberOfInvestmentsInFloatingRateCommercialMortgageBackedSecurities": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number Of Investments In Floating-Rate Commercial Mortgage Backed Securities",
        "label": "Number Of Investments In Floating-Rate Commercial Mortgage Backed Securities",
        "terseLabel": "Number Of Investments In Floating-Rate Commercial Mortgage Backed Securities"
       }
      }
     },
     "localname": "NumberOfInvestmentsInFloatingRateCommercialMortgageBackedSecurities",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "integerItemType"
    },
    "oak_NumberOfPositionsInRealEstateRelatedLoans": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number Of Positions In Real Estate-Related Loans",
        "label": "Number Of Positions In Real Estate-Related Loans",
        "terseLabel": "Number Of Positions In Real Estate-Related Loans"
       }
      }
     },
     "localname": "NumberOfPositionsInRealEstateRelatedLoans",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "integerItemType"
    },
    "oak_NumberOfPropertiesAcquired": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number Of Properties Acquired",
        "label": "Number Of Properties Acquired",
        "terseLabel": "Number of properties acquired"
       }
      }
     },
     "localname": "NumberOfPropertiesAcquired",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "oak_NumberOfPropertiesSecuredOnTermLoan": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number Of Properties Secured On Term Loan",
        "label": "Number Of Properties Secured On Term Loan",
        "terseLabel": "Number of properties secured on term loan"
       }
      }
     },
     "localname": "NumberOfPropertiesSecuredOnTermLoan",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "oak_NumberofClassesOfCommonShares": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of Classes Of Common Shares",
        "label": "Number of Classes Of Common Shares",
        "terseLabel": "Number of Classes Of Common Shares"
       }
      }
     },
     "localname": "NumberofClassesOfCommonShares",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "integerItemType"
    },
    "oak_OaktreeFundGPILPMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Oaktree Fund GP I, L.P",
        "label": "Oaktree Fund GP I, L.P [Member]",
        "terseLabel": "Oaktree Fund GP I, L.P"
       }
      }
     },
     "localname": "OaktreeFundGPILPMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_OaktreeMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Oaktree [Member]",
        "label": "Oaktree [Member]",
        "terseLabel": "Oaktree [Member]"
       }
      }
     },
     "localname": "OaktreeMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_OfferingExpenses": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Offering Expenses",
        "label": "Offering Expenses",
        "terseLabel": "Offering Expenses"
       }
      }
     },
     "localname": "OfferingExpenses",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_OfficeMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Office [Member]",
        "label": "Office [Member]",
        "terseLabel": "Office"
       }
      }
     },
     "localname": "OfficeMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_OneMonthLIBOR": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "One Month LIBOR",
        "label": "One Month LIBOR",
        "terseLabel": "One Month LIBOR"
       }
      }
     },
     "localname": "OneMonthLIBOR",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_OrganizationAndOfferingExpenses": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Summary of significant accounting policies",
        "label": "Organization And Offering Expenses",
        "terseLabel": "Organization and offering expenses, term of reimbursement to Adviser"
       }
      }
     },
     "localname": "OrganizationAndOfferingExpenses",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "durationItemType"
    },
    "oak_OrganizationExpenses": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Organization Expenses",
        "label": "Organization Expenses",
        "terseLabel": "Organization Expenses"
       }
      }
     },
     "localname": "OrganizationExpenses",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_OrganizationalCosts": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Organizational costs",
        "label": "Organizational costs",
        "terseLabel": "Organizational costs"
       }
      }
     },
     "localname": "OrganizationalCosts",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_OrganizationalExpenses": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 3.0,
       "parentTag": "us-gaap_CostsAndExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Organizational Expenses",
        "label": "Organizational Expenses",
        "terseLabel": "Organizational expenses"
       }
      }
     },
     "localname": "OrganizationalExpenses",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_OrganizationalandOfferingCostsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Organizational and Offering Costs [Member]",
        "label": "Organizational and Offering Costs [Member]",
        "terseLabel": "Organizational and Offering Costs [Member]"
       }
      }
     },
     "localname": "OrganizationalandOfferingCostsMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_OrlandoFLMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Orlando, FL",
        "label": "Orlando, FL [Member]",
        "terseLabel": "Orlando, FL"
       }
      }
     },
     "localname": "OrlandoFLMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_OutstandingStockRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Outstanding Stock [Roll Forward]",
        "label": "Outstanding Stock [Roll Forward]",
        "terseLabel": "Outstanding Stock [Roll Forward]"
       }
      }
     },
     "localname": "OutstandingStockRollForward",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "oak_PaymentOfStockIssuanceCostsAnnualServicingFeesPercentageOfGrossProceeds": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Payment of Stock Issuance Costs, Annual Servicing Fees, Percentage of Gross Proceeds",
        "label": "Payment of Stock Issuance Costs, Annual Servicing Fees, Percentage of Gross Proceeds",
        "terseLabel": "Payment of Stock Issuance Costs, Annual Servicing Fees, Percentage of Gross Proceeds"
       }
      }
     },
     "localname": "PaymentOfStockIssuanceCostsAnnualServicingFeesPercentageOfGrossProceeds",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "pureItemType"
    },
    "oak_PaymentOfStockIssuanceCostsCommissionAndDealerManagerFeesPercentageOfGrossProceeds": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Payment Of Stock Issuance Costs Commission And Dealer Manager Fees Percentage Of Gross Proceeds",
        "label": "Payment Of Stock Issuance Costs Commission And Dealer Manager Fees Percentage Of Gross Proceeds",
        "terseLabel": "Payment Of Stock Issuance Costs Commission And Dealer Manager Fees Percentage Of Gross Proceeds"
       }
      }
     },
     "localname": "PaymentOfStockIssuanceCostsCommissionAndDealerManagerFeesPercentageOfGrossProceeds",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "pureItemType"
    },
    "oak_PaymentOfStockIssuanceCostsMaximumAggregateFeesPercentageOfGrossProceeds": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Payment Of Stock Issuance Costs, Maximum Aggregate Fees, Percentage of Gross Proceeds",
        "label": "Payment Of Stock Issuance Costs, Maximum Aggregate Fees, Percentage of Gross Proceeds",
        "terseLabel": "Payment Of Stock Issuance Costs, Maximum Aggregate Fees, Percentage of Gross Proceeds"
       }
      }
     },
     "localname": "PaymentOfStockIssuanceCostsMaximumAggregateFeesPercentageOfGrossProceeds",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "pureItemType"
    },
    "oak_PaymentsofOfferingCosts": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 10.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Payments of Offering Costs",
        "label": "Payments of Offering Costs",
        "negatedTerseLabel": "Payment of offering costs"
       }
      }
     },
     "localname": "PaymentsofOfferingCosts",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_PaymentstoAcquireRealEstateRelatedLoans": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 1.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Payments to Acquire Real Estate-Related Loans",
        "label": "Payments to Acquire Real Estate-Related Loans",
        "negatedTerseLabel": "Purchase of real estate-related loans and securities"
       }
      }
     },
     "localname": "PaymentstoAcquireRealEstateRelatedLoans",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_PercentageOfNetAssetsValueAsManagementFees": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage Of Net Assets Value As Management Fees",
        "label": "Percentage Of Net Assets Value As Management Fees",
        "terseLabel": "Percentage of management fee to NAV payable to adviser per annum, payable monthly"
       }
      }
     },
     "localname": "PercentageOfNetAssetsValueAsManagementFees",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_PercentageOfNetTaxableIncomeDistributedForNotBeTaxableUnderUsFederalIncomeTaxes": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage Of Net Taxable Income Distributed For Not Be Taxable Under Us Federal Income Taxes",
        "label": "Percentage Of Net Taxable Income Distributed For Not Be Taxable Under Us Federal Income Taxes",
        "terseLabel": "Percentage of taxable income not subject to federal corporate income tax to the extent it distributes if qualifies for taxation as a REIT"
       }
      }
     },
     "localname": "PercentageOfNetTaxableIncomeDistributedForNotBeTaxableUnderUsFederalIncomeTaxes",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_PercentageOfPerformanceParticipationInterestOnAnnualTotalReturnHeldByAdviser": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage Of Performance Participation Interest On Annual Total Return Held By Adviser",
        "label": "Percentage Of Performance Participation Interest On Annual Total Return Held By Adviser",
        "terseLabel": "Percentage of performance participation interest to annual total return held by adviser"
       }
      }
     },
     "localname": "PercentageOfPerformanceParticipationInterestOnAnnualTotalReturnHeldByAdviser",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_PercentageOfRepurchaseOnNavPerMonth": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of repurchase on NAV per month.",
        "label": "Percentage of Repurchase on NAV Per Month",
        "terseLabel": "Repurchase of shares to NAV per month, percentage"
       }
      }
     },
     "localname": "PercentageOfRepurchaseOnNavPerMonth",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_PercentageOfRepurchaseOnNavPerQuarter": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of repurchase on NAV per quarter.",
        "label": "Percentage of Repurchase on NAV Per Quarter",
        "terseLabel": "Repurchase of shares to NAV per calender quarter, percentage"
       }
      }
     },
     "localname": "PercentageOfRepurchaseOnNavPerQuarter",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_PercentageOfRepurchasePriceOnTransactionPrice": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage of repurchase price on transaction price.",
        "label": "Percentage of Repurchase Price on Transaction Price",
        "terseLabel": "Repurchase of shares outstanding less than one year to transaction price, percentage"
       }
      }
     },
     "localname": "PercentageOfRepurchasePriceOnTransactionPrice",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_PerformanceFeeHurdleAmount": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Performance Fee Hurdle Amount",
        "label": "Performance Fee Hurdle Amount",
        "terseLabel": "Performance Fee Hurdle Amount"
       }
      }
     },
     "localname": "PerformanceFeeHurdleAmount",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_PerformanceFeePercentage": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Performance Fee Percentage",
        "label": "Performance Fee Percentage",
        "terseLabel": "Performance Fee Percentage"
       }
      }
     },
     "localname": "PerformanceFeePercentage",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_PerformanceFees1": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 5.0,
       "parentTag": "us-gaap_CostsAndExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Performance Fees1",
        "label": "Performance Fees1",
        "terseLabel": "Performance fee"
       }
      }
     },
     "localname": "PerformanceFees1",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_PerformanceIncentiveFeesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Performance Incentive Fees [Member]",
        "label": "Performance Incentive Fees [Member]",
        "terseLabel": "Performance Incentive Fees [Member]"
       }
      }
     },
     "localname": "PerformanceIncentiveFeesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_PerformanceParticipationAllocationExpense": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 6.0,
       "parentTag": "us-gaap_CostsAndExpenses",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 11.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Performance Participation Allocation Expense",
        "label": "Performance Participation Allocation Expense",
        "terseLabel": "Performance participation allocation"
       }
      }
     },
     "localname": "PerformanceParticipationAllocationExpense",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_PreAcquisitionDeposits": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Pre-Acquisition Deposits",
        "label": "Pre-Acquisition Deposits",
        "terseLabel": "Deposits"
       }
      }
     },
     "localname": "PreAcquisitionDeposits",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_PreferredStockIssuedDuringPeriodValueNewIssues": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Preferred Stock Issued During Period, Value, New Issues",
        "label": "Preferred Stock Issued During Period, Value, New Issues",
        "terseLabel": "Preferred stock issued, value"
       }
      }
     },
     "localname": "PreferredStockIssuedDuringPeriodValueNewIssues",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_PrepaidRentalIncome": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 9.0,
       "parentTag": "oak_AccountsPayableAccruedExpensesAndOtherLiabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Prepaid Rental Income",
        "label": "Prepaid Rental Income",
        "terseLabel": "Prepaid rent"
       }
      }
     },
     "localname": "PrepaidRentalIncome",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_PrimaryOfferingMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary Offering [Member]",
        "label": "Primary Offering [Member]",
        "terseLabel": "Primary Offering [Member]"
       }
      }
     },
     "localname": "PrimaryOfferingMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_PrincipalPlaceMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Principal Place",
        "label": "Principal Place [Member]",
        "terseLabel": "Principal Place"
       }
      }
     },
     "localname": "PrincipalPlaceMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_ProceedsFromBorrowingsFromMortgageLoans": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 11.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Proceeds From Borrowings From Mortgage Loans",
        "label": "Proceeds From Borrowings From Mortgage Loans",
        "terseLabel": "Borrowings from mortgage loans"
       }
      }
     },
     "localname": "ProceedsFromBorrowingsFromMortgageLoans",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_ProceedsFromSaleOfEquityInterest": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Proceeds from Sale of Equity Interest",
        "label": "Proceeds from Sale of Equity Interest",
        "terseLabel": "Proceeds from sale of equity interest"
       }
      }
     },
     "localname": "ProceedsFromSaleOfEquityInterest",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_ProceedsFromSaleOfPreferredMembershipInterests": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 6.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Proceeds From Sale Of Preferred Membership Interests",
        "label": "Proceeds From Sale Of Preferred Membership Interests",
        "terseLabel": "Proceeds from sale of preferred membership interests"
       }
      }
     },
     "localname": "ProceedsFromSaleOfPreferredMembershipInterests",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_ProceedsFromSaleOfRealEstateGross": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Proceeds from Sale of Real Estate, Gross",
        "label": "Proceeds from Sale of Real Estate, Gross",
        "terseLabel": "Proceeds from Sale of Real Estate, Gross"
       }
      }
     },
     "localname": "ProceedsFromSaleOfRealEstateGross",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_PropertyLevelDebtFederalHomeLoanMortgageCorporationMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Property Level Debt, Federal Home Loan Mortgage Corporation",
        "label": "Property Level Debt, Federal Home Loan Mortgage Corporation [Member]",
        "terseLabel": "Property Level Debt, Federal Home Loan Mortgage Corporation"
       }
      }
     },
     "localname": "PropertyLevelDebtFederalHomeLoanMortgageCorporationMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_RealEstate1Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate (1)",
        "label": "Real Estate (1) [Member]",
        "terseLabel": "Real Estate"
       }
      }
     },
     "localname": "RealEstate1Member",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_RealEstateFinancingMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Financing [Member]",
        "label": "Real Estate Financing [Member]",
        "terseLabel": "Real Estate Financing [Member]"
       }
      }
     },
     "localname": "RealEstateFinancingMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_RealEstateInvestmentEncumbrances": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Investment, Encumbrances",
        "label": "Real Estate Investment, Encumbrances",
        "terseLabel": "Real Estate Investment, Encumbrances"
       }
      }
     },
     "localname": "RealEstateInvestmentEncumbrances",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealEstateInvestmentNumberOfRooms": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Investment, Number Of Rooms",
        "label": "Real Estate Investment, Number Of Rooms",
        "terseLabel": "Real Estate Investment, Number Of Rooms"
       }
      }
     },
     "localname": "RealEstateInvestmentNumberOfRooms",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "oak_RealEstateInvestmentPropertyEncumbrance": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Investment Property, Encumbrance",
        "label": "Real Estate Investment Property, Encumbrance",
        "terseLabel": "Real Estate Investment Property, Encumbrance"
       }
      }
     },
     "localname": "RealEstateInvestmentPropertyEncumbrance",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealEstateInvestmentsAndLandGross": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Investments and Land, Gross",
        "label": "Real Estate Investments and Land, Gross",
        "terseLabel": "Real Estate Investments and Land, Gross"
       }
      }
     },
     "localname": "RealEstateInvestmentsAndLandGross",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealEstateInvestmentsCostCapitalizedSubsequentToAcquisition": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails": {
       "order": 3.0,
       "parentTag": "oak_RealEstateInvestmentsGross",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Investments, Cost Capitalized Subsequent To Acquisition",
        "label": "Real Estate Investments, Cost Capitalized Subsequent To Acquisition",
        "terseLabel": "Real Estate Investments, Cost Capitalized Subsequent To Acquisition"
       }
      }
     },
     "localname": "RealEstateInvestmentsCostCapitalizedSubsequentToAcquisition",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealEstateInvestmentsGross": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_RealEstateInvestments",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Investments, Gross",
        "label": "Real Estate Investments, Gross",
        "totalLabel": "Real Estate Investments, Gross"
       }
      }
     },
     "localname": "RealEstateInvestmentsGross",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealEstateInvestmentsPriorLienAmount": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Investments, Prior Lien Amount",
        "label": "Real Estate Investments, Prior Lien Amount",
        "terseLabel": "Real Estate Investments, Prior Lien Amount"
       }
      }
     },
     "localname": "RealEstateInvestmentsPriorLienAmount",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealEstateNoteReceivableAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Note Receivable [Axis]",
        "label": "Real Estate Note Receivable [Axis]",
        "terseLabel": "Real Estate Note Receivable [Axis]"
       }
      }
     },
     "localname": "RealEstateNoteReceivableAxis",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "oak_RealEstateNoteReceivableDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "[Domain] for Real Estate Note Receivable [Axis]",
        "label": "Real Estate Note Receivable [Domain]",
        "terseLabel": "Real Estate Note Receivable [Domain]"
       }
      }
     },
     "localname": "RealEstateNoteReceivableDomain",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_RealEstateNoteReceivableUnamortizedDiscount": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Note Receivable, Unamortized Discount",
        "label": "Real Estate Note Receivable, Unamortized Discount",
        "negatedTerseLabel": "Real Estate Note Receivable, Unamortized Discount"
       }
      }
     },
     "localname": "RealEstateNoteReceivableUnamortizedDiscount",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealEstateNotesReceivable.CarryingAmount": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Notes Receivable. Carrying Amount",
        "label": "Real Estate Notes Receivable. Carrying Amount",
        "terseLabel": "Real Estate Notes Receivable. Carrying Amount"
       }
      }
     },
     "localname": "RealEstateNotesReceivable.CarryingAmount",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealEstateNotesReceivableExtensionOptionTerm": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Notes Receivable, Extension Option Term",
        "label": "Real Estate Notes Receivable, Extension Option Term",
        "terseLabel": "Real Estate Notes Receivable, Extension Option Term"
       }
      }
     },
     "localname": "RealEstateNotesReceivableExtensionOptionTerm",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "oak_RealEstateNotesReceivableFaceAmount": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Notes Receivable, Face Amount",
        "label": "Real Estate Notes Receivable, Face Amount",
        "terseLabel": "Real Estate Notes Receivable, Face Amount"
       }
      }
     },
     "localname": "RealEstateNotesReceivableFaceAmount",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealEstateNotesReceivableNumberOfExtensionOptions": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Notes Receivable, Number Of Extension Options",
        "label": "Real Estate Notes Receivable, Number Of Extension Options",
        "terseLabel": "Real Estate Notes Receivable, Number Of Extension Options"
       }
      }
     },
     "localname": "RealEstateNotesReceivableNumberOfExtensionOptions",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "oak_RealEstateRelatedLoansMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Related Loans [Member]",
        "label": "Real Estate Related Loans [Member]",
        "terseLabel": "Real estate-related loans and securities"
       }
      }
     },
     "localname": "RealEstateRelatedLoansMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_RealEstateTaxesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate Taxes [Member]",
        "label": "Real Estate Taxes [Member]",
        "terseLabel": "Real Estate Taxes [Member]"
       }
      }
     },
     "localname": "RealEstateTaxesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_RealEstateTypeOfImprovementAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate, Type Of Improvement",
        "label": "Real Estate, Type Of Improvement [Axis]",
        "terseLabel": "Real Estate, Type Of Improvement [Axis]"
       }
      }
     },
     "localname": "RealEstateTypeOfImprovementAxis",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "oak_RealEstateTypeOfImprovementDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real Estate, Type Of Improvement [Domain]",
        "label": "Real Estate, Type Of Improvement [Domain]",
        "terseLabel": "Real Estate, Type Of Improvement [Domain]"
       }
      }
     },
     "localname": "RealEstateTypeOfImprovementDomain",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_RealizedGainLossOnRealEstateRelatedSecurities": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Realized gain (loss) on real estate related securities",
        "label": "Realized gain (loss) on real estate related securities",
        "terseLabel": "Realized gain (loss) on real estate related securities"
       }
      }
     },
     "localname": "RealizedGainLossOnRealEstateRelatedSecurities",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RealizedGainLossSecuritiesMortgageBacked": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Realized Gain (Loss), Securities, Mortgage Backed",
        "label": "Realized Gain (Loss), Securities, Mortgage Backed",
        "terseLabel": "Realized Gain (Loss), Securities, Mortgage Backed"
       }
      }
     },
     "localname": "RealizedGainLossSecuritiesMortgageBacked",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RedeemableNoncontrollingInterestDistributionsReinvested": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Redeemable Noncontrolling Interest, Distributions Reinvested",
        "label": "Redeemable Noncontrolling Interest, Distributions Reinvested",
        "terseLabel": "Distributions reinvested"
       }
      }
     },
     "localname": "RedeemableNoncontrollingInterestDistributionsReinvested",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RedeemableNoncontrollingInterestIncomeAllocation": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Redeemable Noncontrolling Interest, Income Allocation",
        "label": "Redeemable Noncontrolling Interest, Income Allocation",
        "terseLabel": "Redeemable Noncontrolling Interest, Income Allocation"
       }
      }
     },
     "localname": "RedeemableNoncontrollingInterestIncomeAllocation",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_RedeemableNoncontrollingInterestRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Redeemable Noncontrolling Interest",
        "label": "Redeemable Noncontrolling Interest [Roll Forward]",
        "terseLabel": "Redeemable Noncontrolling Interest [Roll Forward]"
       }
      }
     },
     "localname": "RedeemableNoncontrollingInterestRollForward",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "oak_RepurchasesDueToAffiliates": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Repurchases Due To Affiliates",
        "label": "Repurchases Due To Affiliates",
        "terseLabel": "Accrued repurchases in due to affiliates"
       }
      }
     },
     "localname": "RepurchasesDueToAffiliates",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_SalesSecuritiesMortgageBacked": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sales, Securities, Mortgage Backed",
        "label": "Sales, Securities, Mortgage Backed",
        "negatedTerseLabel": "Sale of floating rate CMBS"
       }
      }
     },
     "localname": "SalesSecuritiesMortgageBacked",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_ScheduleOfFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense",
        "label": "Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense [Table Text Block]",
        "terseLabel": "Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense"
       }
      }
     },
     "localname": "ScheduleOfFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseTableTextBlock",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "oak_ScheduleOfInvestmentsInRealEstateRelatedLoansAndSecuritiesTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule Of Investments in Real Estate-Related Loans and Securities",
        "label": "Schedule Of Investments in Real Estate-Related Loans and Securities [Table Text Block]",
        "terseLabel": "Schedule Of Investments in Real Estate-Related Loans and Securities"
       }
      }
     },
     "localname": "ScheduleOfInvestmentsInRealEstateRelatedLoansAndSecuritiesTableTextBlock",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "oak_ScheduleOfInvestmentsInRealEstateRelatedSecuritiesTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule Of Investments In Real Estate-Related Securities",
        "label": "Schedule Of Investments In Real Estate-Related Securities [Table Text Block]",
        "terseLabel": "Schedule Of Investments In Real Estate-Related Securities"
       }
      }
     },
     "localname": "ScheduleOfInvestmentsInRealEstateRelatedSecuritiesTableTextBlock",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "oak_ScheduleofAccountsandOtherReceivablesandOtherAssetsTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of Accounts and Other Receivables and Other Assets [Table Text Block]",
        "label": "Schedule of Accounts and Other Receivables and Other Assets [Table Text Block]",
        "terseLabel": "Schedule of Accounts and Other Receivables and Other Assets"
       }
      }
     },
     "localname": "ScheduleofAccountsandOtherReceivablesandOtherAssetsTableTextBlock",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "oak_SecuredCreditFacilityMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Secured Credit Facility",
        "label": "Secured Credit Facility [Member]",
        "terseLabel": "Secured Credit Facility"
       }
      }
     },
     "localname": "SecuredCreditFacilityMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_SecuredOvernightFinancingRate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Secured Overnight Financing Rate",
        "label": "Secured Overnight Financing Rate",
        "terseLabel": "Secured Overnight Financing Rate"
       }
      }
     },
     "localname": "SecuredOvernightFinancingRate",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_SecuredOvernightFinancingRateMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Secured Overnight Financing Rate",
        "label": "Secured Overnight Financing Rate [Member]",
        "terseLabel": "Secured Overnight Financing Rate"
       }
      }
     },
     "localname": "SecuredOvernightFinancingRateMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_SecurityDepositsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Security Deposits [Member]",
        "label": "Security Deposits [Member]",
        "terseLabel": "Security Deposits [Member]"
       }
      }
     },
     "localname": "SecurityDepositsMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_SeniorMezzanineLoanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Senior Mezzanine Loan [Member]",
        "label": "Senior Mezzanine Loan [Member]",
        "terseLabel": "Senior Mezzanine Loan [Member]"
       }
      }
     },
     "localname": "SeniorMezzanineLoanMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_ShareRepurchaseLimitationMonthlyPercentageOfExistingShareRepurchasePlanDecrease": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share Repurchase Limitation, Monthly, Percentage of Existing Share Repurchase Plan Decrease",
        "label": "Share Repurchase Limitation, Monthly, Percentage of Existing Share Repurchase Plan Decrease",
        "terseLabel": "Share Repurchase Limitation, Monthly, Percentage of Existing Share Repurchase Plan Decrease"
       }
      }
     },
     "localname": "ShareRepurchaseLimitationMonthlyPercentageOfExistingShareRepurchasePlanDecrease",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_ShareRepurchaseLimitationQuarterlyPercentageOfExistingShareRepurchasePlanDecrease": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share Repurchase Limitation, Quarterly, Percentage of Existing Share Repurchase Plan Decrease",
        "label": "Share Repurchase Limitation, Quarterly, Percentage of Existing Share Repurchase Plan Decrease",
        "terseLabel": "Share Repurchase Limitation, Quarterly, Percentage of Existing Share Repurchase Plan Decrease"
       }
      }
     },
     "localname": "ShareRepurchaseLimitationQuarterlyPercentageOfExistingShareRepurchasePlanDecrease",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_SingleFamilyRentalPortfolioMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Single Family Rental Portfolio",
        "label": "Single Family Rental Portfolio [Member]",
        "terseLabel": "Single Family Rental Portfolio"
       }
      }
     },
     "localname": "SingleFamilyRentalPortfolioMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_StatementofChangesinEquityAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Statement of Changes in Equity [Abstract]",
        "label": "Statement of Changes in Equity [Abstract]",
        "terseLabel": "Statement of Changes in Equity [Abstract]"
       }
      }
     },
     "localname": "StatementofChangesinEquityAbstract",
     "nsuri": "http://www.oaktree.com/20211231",
     "xbrltype": "stringItemType"
    },
    "oak_StockDistributionReinvestmentsShares": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Distribution Reinvestments, Shares",
        "label": "Stock Distribution Reinvestments, Shares",
        "terseLabel": "Stock Distribution Reinvestments (in shares)"
       }
      }
     },
     "localname": "StockDistributionReinvestmentsShares",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "oak_StockIssuedAsPaymentForManagementFees": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Issued as Payment for Management Fees",
        "label": "Stock Issued as Payment for Management Fees",
        "terseLabel": "Management fees (in shares)"
       }
      }
     },
     "localname": "StockIssuedAsPaymentForManagementFees",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "oak_StockIssuedSharesIncentiveFees": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Issued, Shares, Incentive Fees",
        "label": "Stock Issued, Shares, Incentive Fees",
        "terseLabel": "Incentive fees (in shares)"
       }
      }
     },
     "localname": "StockIssuedSharesIncentiveFees",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "oak_StockRedemptionShares": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Redemption, Shares",
        "label": "Stock Redemption, Shares",
        "negatedTerseLabel": "Stock Redemption (in shares)"
       }
      }
     },
     "localname": "StockRedemptionShares",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "oak_StockRepurchasePayableToOaktreeAdviserForManagementAndPerformanceFeesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock repurchase payable to Oaktree Adviser for management and performance fees",
        "label": "Stock repurchase payable to Oaktree Adviser for management and performance fees [Member]",
        "terseLabel": "Stock repurchase payable to Oaktree Adviser for management and performance fees"
       }
      }
     },
     "localname": "StockRepurchasePayableToOaktreeAdviserForManagementAndPerformanceFeesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_StockRepurchasePlanMonthlyPercentAllowed": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Repurchase Plan, Monthly Percent Allowed",
        "label": "Stock Repurchase Plan, Monthly Percent Allowed",
        "terseLabel": "Stock Repurchase Plan, Monthly Percent Allowed"
       }
      }
     },
     "localname": "StockRepurchasePlanMonthlyPercentAllowed",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_StockRepurchasePlanQuarterlyPercentAllowed": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Repurchase Plan, Quarterly Percent Allowed",
        "label": "Stock Repurchase Plan, Quarterly Percent Allowed",
        "terseLabel": "Stock Repurchase Plan, Quarterly Percent Allowed"
       }
      }
     },
     "localname": "StockRepurchasePlanQuarterlyPercentAllowed",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "percentItemType"
    },
    "oak_StockRepurchaseProgramPurchasePrice": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock Repurchase Program, Purchase Price",
        "label": "Stock Repurchase Program, Purchase Price",
        "terseLabel": "Stock Repurchase Program, Purchase Price"
       }
      }
     },
     "localname": "StockRepurchaseProgramPurchasePrice",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "perShareItemType"
    },
    "oak_StraightLineRentReceivable": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": 2.0,
       "parentTag": "oak_AccountsandOtherReceivablesNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Straight Line Rent Receivable",
        "label": "Straight Line Rent Receivable",
        "terseLabel": "Straight-line rent receivable"
       }
      }
     },
     "localname": "StraightLineRentReceivable",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_SubscriptionsReceivedinAdvance": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Subscriptions Received in Advance",
        "label": "Subscriptions Received in Advance",
        "terseLabel": "Subscriptions Received in Advance"
       }
      }
     },
     "localname": "SubscriptionsReceivedinAdvance",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_TaxAbatementIntangible": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tax abatement intangible",
        "label": "Tax abatement intangible",
        "terseLabel": "Tax abatement intangible"
       }
      }
     },
     "localname": "TaxAbatementIntangible",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_TaxIntangiblesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tax Intangibles",
        "label": "Tax Intangibles [Member]",
        "terseLabel": "Tax intangibles"
       }
      }
     },
     "localname": "TaxIntangiblesMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_TermLoanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Term Loan",
        "label": "Term Loan [Member]",
        "terseLabel": "Term Loan"
       }
      }
     },
     "localname": "TermLoanMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_TheAmendmentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Amendment [Member]",
        "label": "The Amendment [Member]",
        "terseLabel": "The Amendment [Member]"
       }
      }
     },
     "localname": "TheAmendmentMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_TheAveryMezzanineLoanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Avery Mezzanine Loan",
        "label": "The Avery Mezzanine Loan [Member]",
        "terseLabel": "The Avery Mezzanine Loan"
       }
      }
     },
     "localname": "TheAveryMezzanineLoanMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_TheAverySeniorLoanMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Avery Senior Loan",
        "label": "The Avery Senior Loan [Member]",
        "terseLabel": "The Avery Senior Loan"
       }
      }
     },
     "localname": "TheAverySeniorLoanMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_TheBurnhamMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Burnham",
        "label": "The Burnham [Member]",
        "terseLabel": "The Burnham"
       }
      }
     },
     "localname": "TheBurnhamMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_TruAmericaMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "TruAmerica [Member]",
        "label": "TruAmerica [Member]",
        "terseLabel": "TruAmerica [Member]"
       }
      }
     },
     "localname": "TruAmericaMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_TwoLibertyCenterMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two Liberty Center [Member]",
        "label": "Two Liberty Center [Member]",
        "terseLabel": "Two Liberty Center [Member]"
       }
      }
     },
     "localname": "TwoLibertyCenterMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_TwoLibertyCenterMortgageMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two Liberty Center Mortgage [Member]",
        "label": "Two Liberty Center Mortgage [Member]",
        "terseLabel": "Two Liberty Center Mortgage [Member]"
       }
      }
     },
     "localname": "TwoLibertyCenterMortgageMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_UnamortizedDiscountSecuritiesMortgageBacked": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Unamortized Discount, Securities, Mortgage Backed",
        "label": "Unamortized Discount, Securities, Mortgage Backed",
        "terseLabel": "Unamortized Discount, Securities, Mortgage Backed"
       }
      }
     },
     "localname": "UnamortizedDiscountSecuritiesMortgageBacked",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_UnrealizedGainLossOnRealEstateRelatedSecurities": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Unrealized gain (loss) on real estate related securities",
        "label": "Unrealized gain (loss) on real estate related securities",
        "terseLabel": "Unrealized gain (loss) on real estate related securities"
       }
      }
     },
     "localname": "UnrealizedGainLossOnRealEstateRelatedSecurities",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_UnrealizedGainLossOnUnconsolidatedEntities": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 10.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Unrealized Gain (Loss) On Unconsolidated Entities",
        "label": "Unrealized Gain (Loss) On Unconsolidated Entities",
        "terseLabel": "Unrealized Gain (Loss) On Unconsolidated Entities"
       }
      }
     },
     "localname": "UnrealizedGainLossOnUnconsolidatedEntities",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_UnrealizedGainLossSecuritiesMortgageBacked": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Unrealized Gain (Loss), Securities, Mortgage Backed",
        "label": "Unrealized Gain (Loss), Securities, Mortgage Backed",
        "terseLabel": "Unrealized Gain (Loss), Securities, Mortgage Backed"
       }
      }
     },
     "localname": "UnrealizedGainLossSecuritiesMortgageBacked",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_UnrecordedOrganizationalAndOfferingExpensesIncurredByAdvisorAndItsAffiliates": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Unrecorded Organizational And Offering Expenses Incurred By Advisor and Its Affiliates",
        "label": "Unrecorded Organizational And Offering Expenses Incurred By Advisor and Its Affiliates",
        "terseLabel": "Unrecorded Organizational And Offering Expenses Incurred By Advisor and Its Affiliates"
       }
      }
     },
     "localname": "UnrecordedOrganizationalAndOfferingExpensesIncurredByAdvisorAndItsAffiliates",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_UnrecorededOrganizationalAndOfferingExpensesIncurredByAdvisorAndItsAffiliates": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Unrecoreded Organizational And Offering Expenses Incurred By Advisor and Its Affiliates",
        "label": "Unrecoreded Organizational And Offering Expenses Incurred By Advisor and Its Affiliates",
        "terseLabel": "Organization and offering expenses incurred by Adviser and its affiliates on company's behalf"
       }
      }
     },
     "localname": "UnrecorededOrganizationalAndOfferingExpensesIncurredByAdvisorAndItsAffiliates",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "oak_UpperMarlboroMDMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Upper Marlboro, MD",
        "label": "Upper Marlboro, MD [Member]",
        "terseLabel": "Upper Marlboro, MD"
       }
      }
     },
     "localname": "UpperMarlboroMDMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_VariousMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Various",
        "label": "Various [Member]",
        "terseLabel": "Various"
       }
      }
     },
     "localname": "VariousMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_VersoApartmentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Verso Apartments",
        "label": "Verso Apartments [Member]",
        "terseLabel": "Verso Apartments"
       }
      }
     },
     "localname": "VersoApartmentsMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_WaterfordMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Waterford",
        "label": "Waterford [Member]",
        "terseLabel": "Waterford"
       }
      }
     },
     "localname": "WaterfordMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "oak_WilmingtonNCMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Wilmington , NC",
        "label": "Wilmington , NC [Member]",
        "terseLabel": "Wilmington , NC"
       }
      }
     },
     "localname": "WilmingtonNCMember",
     "nsuri": "http://www.oaktree.com/20211231",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_ConsolidatedEntitiesAxis": {
     "auth_ref": [
      "r91",
      "r222",
      "r227",
      "r235",
      "r331",
      "r332",
      "r336",
      "r337",
      "r393",
      "r536",
      "r561",
      "r574",
      "r583",
      "r584"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by consolidated entity or group of entities.",
        "label": "Consolidated Entities [Axis]",
        "terseLabel": "Consolidated Entities [Axis]"
       }
      }
     },
     "localname": "ConsolidatedEntitiesAxis",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_ConsolidatedEntitiesDomain": {
     "auth_ref": [
      "r91",
      "r222",
      "r227",
      "r235",
      "r331",
      "r332",
      "r336",
      "r337",
      "r393",
      "r536",
      "r561",
      "r574",
      "r583",
      "r584"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Entity or group of entities consolidated into reporting entity.",
        "label": "Consolidated Entities [Domain]",
        "terseLabel": "Consolidated Entities [Domain]"
       }
      }
     },
     "localname": "ConsolidatedEntitiesDomain",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_ConsolidationItemsAxis": {
     "auth_ref": [
      "r91",
      "r137",
      "r150",
      "r151",
      "r152",
      "r153",
      "r155",
      "r157",
      "r161",
      "r222",
      "r223",
      "r224",
      "r225",
      "r226",
      "r227",
      "r229",
      "r230",
      "r232",
      "r234",
      "r235",
      "r574",
      "r575",
      "r576",
      "r577",
      "r578",
      "r579",
      "r580",
      "r581",
      "r582",
      "r583",
      "r584"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by components, eliminations, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.",
        "label": "Consolidation Items [Axis]",
        "terseLabel": "Consolidation Items [Axis]"
       }
      }
     },
     "localname": "ConsolidationItemsAxis",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_ConsolidationItemsDomain": {
     "auth_ref": [
      "r91",
      "r137",
      "r150",
      "r151",
      "r152",
      "r153",
      "r155",
      "r157",
      "r161",
      "r222",
      "r223",
      "r224",
      "r225",
      "r226",
      "r227",
      "r229",
      "r230",
      "r232",
      "r234",
      "r235",
      "r574",
      "r575",
      "r576",
      "r577",
      "r578",
      "r579",
      "r580",
      "r581",
      "r582",
      "r583",
      "r584"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Components, elimination, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.",
        "label": "Consolidation Items [Domain]",
        "terseLabel": "Consolidation Items [Domain]"
       }
      }
     },
     "localname": "ConsolidationItemsDomain",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_CounterpartyNameAxis": {
     "auth_ref": [
      "r36",
      "r38",
      "r89",
      "r90",
      "r241",
      "r272",
      "r585"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by name of counterparty. A counterparty is the other party that participates in a financial transaction. Examples include, but not limited to, the name of the financial institution.",
        "label": "Counterparty Name [Axis]",
        "terseLabel": "Counterparty Name [Axis]"
       }
      }
     },
     "localname": "CounterpartyNameAxis",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_EquityMethodInvesteeNameDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of investment including named security. Excludes entity that is consolidated.",
        "label": "Investment, Name [Domain]",
        "terseLabel": "Investment, Name [Domain]"
       }
      }
     },
     "localname": "EquityMethodInvesteeNameDomain",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansSecuritiesDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails",
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_IndustrialPropertyMember": {
     "auth_ref": [
      "r523",
      "r535",
      "r560",
      "r562"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Building designed to house industrial operations and provide the necessary conditions for the operation of industrial equipment.",
        "label": "Industrial Property [Member]",
        "terseLabel": "Logistics properties:"
       }
      }
     },
     "localname": "IndustrialPropertyMember",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_MaximumMember": {
     "auth_ref": [
      "r240",
      "r271",
      "r304",
      "r305",
      "r407",
      "r408",
      "r409",
      "r410",
      "r411",
      "r412",
      "r431",
      "r499",
      "r501",
      "r542",
      "r544"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Upper limit of the provided range.",
        "label": "Maximum [Member]",
        "terseLabel": "Maximum [Member]"
       }
      }
     },
     "localname": "MaximumMember",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_MinimumMember": {
     "auth_ref": [
      "r240",
      "r271",
      "r304",
      "r305",
      "r407",
      "r408",
      "r409",
      "r410",
      "r411",
      "r412",
      "r431",
      "r499",
      "r501",
      "r542",
      "r544"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Lower limit of the provided range.",
        "label": "Minimum [Member]",
        "terseLabel": "Minimum [Member]"
       }
      }
     },
     "localname": "MinimumMember",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_MortgageLoansOnRealEstateByLoanDisclosureTextBlock": {
     "auth_ref": [
      "r524",
      "r573"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding three percent of carrying amount of mortgage.",
        "label": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block]",
        "terseLabel": "Investments in Real Estate-Related Loans"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateByLoanDisclosureTextBlock",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoans"
     ],
     "xbrltype": "textBlockItemType"
    },
    "srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis": {
     "auth_ref": [
      "r523",
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r534",
      "r535",
      "r560",
      "r562"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of real estate property.",
        "label": "Real Estate, Type of Property [Axis]",
        "terseLabel": "Real Estate, Type of Property [Axis]"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_MortgageLoansOnRealEstateLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]",
        "terseLabel": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateLineItems",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_MortgageLoansOnRealEstateNamePropertyTypeDomain": {
     "auth_ref": [
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r534",
      "r535",
      "r560",
      "r564",
      "r565",
      "r566",
      "r567",
      "r568",
      "r569",
      "r570",
      "r571"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Land and any structures permanently fixed to it.",
        "label": "Real Estate [Domain]",
        "terseLabel": "Real Estate [Domain]"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateNamePropertyTypeDomain",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_MortgageLoansOnRealEstateScheduleTable": {
     "auth_ref": [
      "r524",
      "r573"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate.",
        "label": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate Schedule [Table]",
        "terseLabel": "SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate Schedule [Table]"
       }
      }
     },
     "localname": "MortgageLoansOnRealEstateScheduleTable",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_MultifamilyMember": {
     "auth_ref": [
      "r523",
      "r535",
      "r560",
      "r562"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Residential building containing multiple separate housing units.",
        "label": "Multifamily [Member]",
        "terseLabel": "Multifamily",
        "verboseLabel": "Multifamily properties:"
       }
      }
     },
     "localname": "MultifamilyMember",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_OfficeBuildingMember": {
     "auth_ref": [
      "r523",
      "r535",
      "r560",
      "r562"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Building designed primarily for the conduct of business, for example, but not limited to, administration, clerical services, and consultation.",
        "label": "Office Building [Member]",
        "terseLabel": "Office properties:"
       }
      }
     },
     "localname": "OfficeBuildingMember",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_OwnershipAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by name of entity in which ownership interest is disclosed. Excludes equity method investee and named security investment.",
        "label": "Ownership [Axis]",
        "terseLabel": "Ownership [Axis]"
       }
      }
     },
     "localname": "OwnershipAxis",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_OwnershipDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of entity in which ownership interest is disclosed. Excludes equity method investee and named security investment.",
        "label": "Ownership [Domain]",
        "terseLabel": "Ownership [Domain]"
       }
      }
     },
     "localname": "OwnershipDomain",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_RangeAxis": {
     "auth_ref": [
      "r240",
      "r271",
      "r301",
      "r304",
      "r305",
      "r407",
      "r408",
      "r409",
      "r410",
      "r411",
      "r412",
      "r431",
      "r499",
      "r501",
      "r542",
      "r544"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median.",
        "label": "Statistical Measurement [Axis]",
        "terseLabel": "Range [Axis]"
       }
      }
     },
     "localname": "RangeAxis",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_RangeMember": {
     "auth_ref": [
      "r240",
      "r271",
      "r301",
      "r304",
      "r305",
      "r407",
      "r408",
      "r409",
      "r410",
      "r411",
      "r412",
      "r431",
      "r499",
      "r501",
      "r542",
      "r544"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median.",
        "label": "Statistical Measurement [Domain]",
        "terseLabel": "Range [Domain]"
       }
      }
     },
     "localname": "RangeMember",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances": {
     "auth_ref": [
      "r527",
      "r564"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of lien or mortgage outstanding on real estate investment properties for entities with a substantial portion of business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances",
        "terseLabel": "Encumbrances"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationAmountOfEncumbrances",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "srt_RealEstateAndAccumulatedDepreciationByPropertyTable": {
     "auth_ref": [
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r534",
      "r535",
      "r560",
      "r564",
      "r565",
      "r566",
      "r567",
      "r568",
      "r569",
      "r570",
      "r571"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about real estate investments and accompanying accumulated depreciation for entities with a substantial portion of business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, by Property [Table]",
        "terseLabel": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, by Property [Table]"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationByPropertyTable",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis": {
     "auth_ref": [
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r534",
      "r537",
      "r563",
      "r564",
      "r565",
      "r566",
      "r567",
      "r568",
      "r569",
      "r570",
      "r571",
      "r586"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by name of property.",
        "label": "Name of Property [Axis]",
        "terseLabel": "Name of Property [Axis]"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_RealEstateAndAccumulatedDepreciationDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationDisclosureAbstract",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "srt_RealEstateAndAccumulatedDepreciationDisclosureTextBlock": {
     "auth_ref": [
      "r538",
      "r572"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]",
        "terseLabel": "Schedule III\u2014Real Estate and Accumulated Depreciation"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationDisclosureTextBlock",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciation"
     ],
     "xbrltype": "textBlockItemType"
    },
    "srt_RealEstateAndAccumulatedDepreciationLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]",
        "terseLabel": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationLineItems",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain": {
     "auth_ref": [
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r534",
      "r537",
      "r563",
      "r564",
      "r565",
      "r566",
      "r567",
      "r568",
      "r569",
      "r570",
      "r571"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the property, for example, but not limited to, ABC Shopping Center.",
        "label": "Name of Property [Domain]",
        "terseLabel": "Name of Property [Domain]"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationNameOfPropertyDomain",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_RepurchaseAgreementCounterpartyNameDomain": {
     "auth_ref": [
      "r37",
      "r38",
      "r89",
      "r90",
      "r241",
      "r272"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Named other party that participates in a financial transaction. Examples include, but not limited to, the name of the financial institution.",
        "label": "Counterparty Name [Domain]",
        "terseLabel": "Counterparty Name [Domain]"
       }
      }
     },
     "localname": "RepurchaseAgreementCounterpartyNameDomain",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis": {
     "auth_ref": [
      "r179"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by name of investment including named security. Excludes entity that is consolidated.",
        "label": "Investment, Name [Axis]",
        "terseLabel": "Investment, Name [Axis]"
       }
      }
     },
     "localname": "ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansSecuritiesDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails",
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "srt_SegmentGeographicalDomain": {
     "auth_ref": [
      "r165",
      "r166",
      "r298",
      "r300",
      "r500",
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r534",
      "r535",
      "r560",
      "r564",
      "r565",
      "r566",
      "r567",
      "r568",
      "r569",
      "r570",
      "r571"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Geographical area.",
        "label": "Geographical [Domain]",
        "terseLabel": "Geographical [Domain]"
       }
      }
     },
     "localname": "SegmentGeographicalDomain",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "srt_StatementGeographicalAxis": {
     "auth_ref": [
      "r165",
      "r166",
      "r298",
      "r300",
      "r500",
      "r523",
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r534",
      "r535",
      "r560",
      "r562"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by geographical components.",
        "label": "Geographical [Axis]",
        "terseLabel": "Geographical [Axis]"
       }
      }
     },
     "localname": "StatementGeographicalAxis",
     "nsuri": "http://fasb.org/srt/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AboveMarketLeasesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Leases acquired as part of a real property acquisition at above market lease rate.",
        "label": "Above Market Leases [Member]",
        "terseLabel": "Above-market lease intangibles"
       }
      }
     },
     "localname": "AboveMarketLeasesMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AccountingPoliciesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Accounting Policies [Abstract]",
        "terseLabel": "Accounting Policies [Abstract]"
       }
      }
     },
     "localname": "AccountingPoliciesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_AccountsNotesAndLoansReceivableLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Accounts, Notes, Loans and Financing Receivable [Line Items]",
        "terseLabel": "Accounts, Notes, Loans and Financing Receivable [Line Items]"
       }
      }
     },
     "localname": "AccountsNotesAndLoansReceivableLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansSecuritiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period.",
        "label": "Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]",
        "terseLabel": "Accounts Payable, Accrued Expenses and Other Liabilities"
       }
      }
     },
     "localname": "AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilities"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_AccountsPayableAndOtherAccruedLiabilities": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 6.0,
       "parentTag": "oak_AccountsPayableAccruedExpensesAndOtherLiabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of liabilities incurred and payable to vendors for goods and services received, and accrued liabilities classified as other.",
        "label": "Accounts Payable and Other Accrued Liabilities",
        "terseLabel": "Accounts payable and accrued expenses"
       }
      }
     },
     "localname": "AccountsPayableAndOtherAccruedLiabilities",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccountsReceivableNet": {
     "auth_ref": [
      "r15",
      "r471",
      "r525"
     ],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": 1.0,
       "parentTag": "oak_AccountsandOtherReceivablesNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business.",
        "label": "Accounts Receivable, after Allowance for Credit Loss",
        "terseLabel": "Accounts receivable"
       }
      }
     },
     "localname": "AccountsReceivableNet",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent": {
     "auth_ref": [
      "r458",
      "r486"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received.",
        "label": "Accrued Professional Fees",
        "terseLabel": "Accrued Professional Fees"
       }
      }
     },
     "localname": "AccruedProfessionalFeesCurrentAndNoncurrent",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AdditionalPaidInCapitalCommonStock": {
     "auth_ref": [
      "r16"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 2.0,
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.",
        "label": "Additional Paid in Capital, Common Stock",
        "terseLabel": "Additional paid-in capital"
       }
      }
     },
     "localname": "AdditionalPaidInCapitalCommonStock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AdditionalPaidInCapitalMember": {
     "auth_ref": [
      "r93",
      "r94",
      "r95",
      "r313",
      "r314",
      "r315",
      "r361"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders.",
        "label": "Additional Paid-in Capital [Member]",
        "terseLabel": "Additional Paid-In Capital"
       }
      }
     },
     "localname": "AdditionalPaidInCapitalMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AdjustmentsForErrorCorrectionDomain": {
     "auth_ref": [
      "r98",
      "r99",
      "r100",
      "r103",
      "r104",
      "r105",
      "r106"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Type of error correction.",
        "label": "Error Correction, Type [Domain]",
        "terseLabel": "Error Correction, Type [Domain]"
       }
      }
     },
     "localname": "AdjustmentsForErrorCorrectionDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts": {
     "auth_ref": [
      "r285",
      "r292"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of decrease in additional paid in capital (APIC) resulting from direct costs associated with issuing stock. Includes, but is not limited to, legal and accounting fees and direct costs associated with stock issues under a shelf registration.",
        "label": "Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs",
        "negatedTerseLabel": "Offering costs"
       }
      }
     },
     "localname": "AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]",
        "terseLabel": "Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:"
       }
      }
     },
     "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AllowanceForDoubtfulAccountsReceivable": {
     "auth_ref": [
      "r170",
      "r185",
      "r187",
      "r188"
     ],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": 4.0,
       "parentTag": "oak_AccountsandOtherReceivablesNet",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of allowance for credit loss on accounts receivable.",
        "label": "Accounts Receivable, Allowance for Credit Loss",
        "negatedTerseLabel": "Allowance for doubtful accounts"
       }
      }
     },
     "localname": "AllowanceForDoubtfulAccountsReceivable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AmortizationOfDebtDiscountPremium": {
     "auth_ref": [
      "r56",
      "r75",
      "r253",
      "r375"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 20.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense.",
        "label": "Amortization of Debt Discount (Premium)",
        "terseLabel": "Amortization of discount"
       }
      }
     },
     "localname": "AmortizationOfDebtDiscountPremium",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AmortizationOfFinancingCosts": {
     "auth_ref": [
      "r50",
      "r75",
      "r253",
      "r377"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 14.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization expense attributable to debt issuance costs.",
        "label": "Amortization of Debt Issuance Costs",
        "terseLabel": "Amortization of deferred financing costs"
       }
      }
     },
     "localname": "AmortizationOfFinancingCosts",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AreaOfRealEstateProperty": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area of a real estate property.",
        "label": "Area of Real Estate Property",
        "terseLabel": "Area of Real Estate Property"
       }
      }
     },
     "localname": "AreaOfRealEstateProperty",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "areaItemType"
    },
    "us-gaap_Assets": {
     "auth_ref": [
      "r88",
      "r145",
      "r152",
      "r159",
      "r181",
      "r222",
      "r223",
      "r224",
      "r226",
      "r227",
      "r228",
      "r229",
      "r231",
      "r233",
      "r235",
      "r236",
      "r331",
      "r336",
      "r365",
      "r395",
      "r397",
      "r450",
      "r473"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.",
        "label": "Assets",
        "terseLabel": "Total assets",
        "totalLabel": "Total Assets",
        "verboseLabel": "Total Assets"
       }
      }
     },
     "localname": "Assets",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails",
      "http://www.oaktree.com/role/SegmentReportingDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_AssetsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Assets [Abstract]",
        "terseLabel": "Assets [Abstract]"
       }
      }
     },
     "localname": "AssetsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_AwardTypeAxis": {
     "auth_ref": [
      "r308",
      "r312"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of award under share-based payment arrangement.",
        "label": "Award Type [Axis]",
        "terseLabel": "Award Type [Axis]"
       }
      }
     },
     "localname": "AwardTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_BasisOfAccountingPolicyPolicyTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).",
        "label": "Basis of Accounting, Policy [Policy Text Block]",
        "terseLabel": "Basis of Presentation"
       }
      }
     },
     "localname": "BasisOfAccountingPolicyPolicyTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_BelowMarketLeaseAccumulatedAmortization": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_BelowMarketLeaseNet",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of accumulated amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life.",
        "label": "Below Market Lease, Accumulated Amortization",
        "terseLabel": "Intangible liabilities, accumulated amortization"
       }
      }
     },
     "localname": "BelowMarketLeaseAccumulatedAmortization",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_BelowMarketLeaseAcquired": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of acquired leases acquired as part of a real property acquisition at below market lease rate with a finite life.",
        "label": "Below Market Lease, Acquired",
        "negatedTerseLabel": "Below Market Lease, Acquired"
       }
      }
     },
     "localname": "BelowMarketLeaseAcquired",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_BelowMarketLeaseGross": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_BelowMarketLeaseNet",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount before amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life.",
        "label": "Below Market Lease, Gross",
        "negatedTerseLabel": "Intangible liabilities, gross"
       }
      }
     },
     "localname": "BelowMarketLeaseGross",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_BelowMarketLeaseNet": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount after amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life.",
        "label": "Below Market Lease, Net",
        "negatedTotalLabel": "Intangible liabilities, net"
       }
      }
     },
     "localname": "BelowMarketLeaseNet",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_BelowMarketLeaseNetAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Below Market Lease, Net [Abstract]",
        "terseLabel": "Below Market Lease, Net [Abstract]"
       }
      }
     },
     "localname": "BelowMarketLeaseNetAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_BuildingAndBuildingImprovementsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Facility held for productive use including, but not limited to, office, production, storage and distribution facilities and any addition, improvement, or renovation to the structure, for example, but not limited to, interior masonry, interior flooring, electrical, and plumbing.",
        "label": "Building and Building Improvements [Member]",
        "terseLabel": "Building and building improvements"
       }
      }
     },
     "localname": "BuildingAndBuildingImprovementsMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_BuildingMember": {
     "auth_ref": [
      "r207"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Facility held for productive use including, but not limited to, office, production, storage and distribution facilities.",
        "label": "Building [Member]",
        "terseLabel": "Building [Member]"
       }
      }
     },
     "localname": "BuildingMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable": {
     "auth_ref": [
      "r326",
      "r327"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination.",
        "label": "Business Combination, Consideration Transferred, Equity Interests Issued and Issuable",
        "terseLabel": "Issuance of Class E common stock as consideration for acquisitions of real estate"
       }
      }
     },
     "localname": "BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CapitalizationLongtermDebtAndEquityAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Capitalization, Long-term Debt and Equity [Abstract]",
        "terseLabel": "Capitalization, Long-term Debt and Equity [Abstract]"
       }
      }
     },
     "localname": "CapitalizationLongtermDebtAndEquityAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_CashAndCashEquivalentsAtCarryingValue": {
     "auth_ref": [
      "r4",
      "r21",
      "r77"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 7.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 1.0,
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.",
        "label": "Cash and Cash Equivalents, at Carrying Value",
        "terseLabel": "Cash and cash equivalents"
       }
      }
     },
     "localname": "CashAndCashEquivalentsAtCarryingValue",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashAndCashEquivalentsPolicyTextBlock": {
     "auth_ref": [
      "r6",
      "r78"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.",
        "label": "Cash and Cash Equivalents, Policy [Policy Text Block]",
        "terseLabel": "Cash and Cash Equivalents"
       }
      }
     },
     "localname": "CashAndCashEquivalentsPolicyTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": {
     "auth_ref": [
      "r71",
      "r77",
      "r83"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.",
        "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents",
        "periodEndLabel": "Cash and cash-equivalents and restricted cash, end of period",
        "periodStartLabel": "Cash and cash-equivalents and restricted cash, beginning of period",
        "totalLabel": "Cash and cash-equivalents and restricted cash, beginning of period"
       }
      }
     },
     "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect": {
     "auth_ref": [
      "r71",
      "r366"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.",
        "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect",
        "totalLabel": "Net change in cash and cash-equivalents and restricted cash"
       }
      }
     },
     "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CashDistributionMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Distribution of cash made by the entity based on a contractual agreement such as a partnership or employment agreement.",
        "label": "Cash Distribution [Member]",
        "terseLabel": "Cash Distribution"
       }
      }
     },
     "localname": "CashDistributionMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ClassOfStockDomain": {
     "auth_ref": [
      "r85",
      "r88",
      "r109",
      "r110",
      "r111",
      "r113",
      "r115",
      "r120",
      "r121",
      "r122",
      "r181",
      "r222",
      "r227",
      "r228",
      "r229",
      "r235",
      "r236",
      "r269",
      "r270",
      "r274",
      "r278",
      "r365",
      "r552"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock.",
        "label": "Class of Stock [Domain]",
        "terseLabel": "Class of Stock [Domain]"
       }
      }
     },
     "localname": "ClassOfStockDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/DocumentandEntityInformation",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ClassOfStockLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Class of Stock [Line Items]",
        "terseLabel": "Class of Stock [Line Items]"
       }
      }
     },
     "localname": "ClassOfStockLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_CommercialMortgageBackedSecuritiesMember": {
     "auth_ref": [
      "r172",
      "r302"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Securities collateralized by commercial real estate mortgage loans.",
        "label": "Commercial Mortgage Backed Securities [Member]",
        "terseLabel": "Commercial Mortgage Backed Securities"
       }
      }
     },
     "localname": "CommercialMortgageBackedSecuritiesMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CommitmentsAndContingencies": {
     "auth_ref": [
      "r28",
      "r218",
      "r460",
      "r480"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 3.0,
       "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.",
        "label": "Commitments and Contingencies",
        "terseLabel": "Commitments and Contingencies"
       }
      }
     },
     "localname": "CommitmentsAndContingencies",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Commitments and Contingencies Disclosure [Abstract]",
        "terseLabel": "Commitments and Contingencies Disclosure [Abstract]"
       }
      }
     },
     "localname": "CommitmentsAndContingenciesDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": {
     "auth_ref": [
      "r215",
      "r216",
      "r217",
      "r219",
      "r526"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for commitments and contingencies.",
        "label": "Commitments and Contingencies Disclosure [Text Block]",
        "terseLabel": "Commitments and Contingencies"
       }
      }
     },
     "localname": "CommitmentsAndContingenciesDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CommitmentsandContingencies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_CommonClassCMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Classification of common stock that has different rights than provided to Class A or B shares, representing ownership interest in a corporation.",
        "label": "Common Class C [Member]",
        "terseLabel": "Class C common stock"
       }
      }
     },
     "localname": "CommonClassCMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/DocumentandEntityInformation",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CommonStockDividendsPerShareDeclared": {
     "auth_ref": [
      "r292"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate dividends declared during the period for each share of common stock outstanding.",
        "label": "Common Stock, Dividends, Per Share, Declared",
        "terseLabel": "Common Stock, Dividends, Per Share, Declared"
       }
      }
     },
     "localname": "CommonStockDividendsPerShareDeclared",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "perShareItemType"
    },
    "us-gaap_CommonStockMember": {
     "auth_ref": [
      "r93",
      "r94",
      "r361"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock that is subordinate to all other stock of the issuer.",
        "label": "Common Stock [Member]",
        "terseLabel": "Common Stock"
       }
      }
     },
     "localname": "CommonStockMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CommonStockParOrStatedValuePerShare": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Face amount or stated value per share of common stock.",
        "label": "Common Stock, Par or Stated Value Per Share",
        "terseLabel": "Common stock, par value (in dollars per share)"
       }
      }
     },
     "localname": "CommonStockParOrStatedValuePerShare",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "perShareItemType"
    },
    "us-gaap_CommonStockSharesAuthorized": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws.",
        "label": "Common Stock, Shares Authorized",
        "terseLabel": "Common stock, shares authorized (in shares)"
       }
      }
     },
     "localname": "CommonStockSharesAuthorized",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationAdditionalInformationDetail",
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_CommonStockSharesIssued": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.",
        "label": "Common Stock, Shares, Issued",
        "terseLabel": "Common stock, shares issued (in shares)"
       }
      }
     },
     "localname": "CommonStockSharesIssued",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_CommonStockSharesOutstanding": {
     "auth_ref": [
      "r14",
      "r285"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.",
        "label": "Common Stock, Shares, Outstanding",
        "periodEndLabel": "Common stock, shares outstanding, ending balance (in shares)",
        "periodStartLabel": "Common stock, shares outstanding, beginning balance (in shares)",
        "terseLabel": "Common Stock, Shares, Outstanding (in shares)"
       }
      }
     },
     "localname": "CommonStockSharesOutstanding",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_CommonStockValue": {
     "auth_ref": [
      "r14",
      "r397"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 1.0,
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.",
        "label": "Common Stock, Value, Issued",
        "terseLabel": "Common Stock, Value, Issued"
       }
      }
     },
     "localname": "CommonStockValue",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ContractWithCustomerLiability": {
     "auth_ref": [
      "r296",
      "r297",
      "r299"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 3.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable.",
        "label": "Contract with Customer, Liability",
        "terseLabel": "Subscriptions received in advance"
       }
      }
     },
     "localname": "ContractWithCustomerLiability",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CorporateAndOtherMember": {
     "auth_ref": [
      "r132"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Component of an entity that provides financial and operational oversight and administrative support for other segments and other segments not separately reported due to size or nature of business activities. Excludes intersegment elimination and reconciling items.",
        "label": "Corporate and Other [Member]",
        "terseLabel": "Corporate and Other"
       }
      }
     },
     "localname": "CorporateAndOtherMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CorporateNonSegmentMember": {
     "auth_ref": [
      "r150",
      "r151",
      "r152",
      "r153",
      "r155",
      "r161",
      "r163"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Corporate headquarters or functional department that may not earn revenues or may earn revenues that are only incidental to the activities of the entity and is not considered an operating segment.",
        "label": "Corporate, Non-Segment [Member]",
        "terseLabel": "Corporate, Non-Segment"
       }
      }
     },
     "localname": "CorporateNonSegmentMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CostsAndExpenses": {
     "auth_ref": [
      "r53"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 3.0,
       "parentTag": "us-gaap_ProfitLoss",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Total costs of sales and operating expenses for the period.",
        "label": "Costs and Expenses",
        "totalLabel": "Total expenses",
        "verboseLabel": "Total Expenses"
       }
      }
     },
     "localname": "CostsAndExpenses",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_CostsAndExpensesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Costs and Expenses [Abstract]",
        "terseLabel": "Costs and Expenses [Abstract]"
       }
      }
     },
     "localname": "CostsAndExpensesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_CreditFacilityAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.",
        "label": "Credit Facility [Axis]",
        "terseLabel": "Credit Facility [Axis]"
       }
      }
     },
     "localname": "CreditFacilityAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_CreditFacilityDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.",
        "label": "Credit Facility [Domain]",
        "terseLabel": "Credit Facility [Domain]"
       }
      }
     },
     "localname": "CreditFacilityDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DebtDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Debt Disclosure [Abstract]",
        "terseLabel": "Debt Disclosure [Abstract]"
       }
      }
     },
     "localname": "DebtDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtInstrumentAxis": {
     "auth_ref": [
      "r9",
      "r10",
      "r11",
      "r87",
      "r91",
      "r237",
      "r238",
      "r239",
      "r240",
      "r241",
      "r242",
      "r243",
      "r244",
      "r245",
      "r246",
      "r247",
      "r248",
      "r249",
      "r250",
      "r251",
      "r252",
      "r253",
      "r257",
      "r258",
      "r259",
      "r260",
      "r378",
      "r451",
      "r453",
      "r470"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities.",
        "label": "Debt Instrument [Axis]",
        "terseLabel": "Debt Instrument [Axis]"
       }
      }
     },
     "localname": "DebtInstrumentAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtInstrumentBasisSpreadOnVariableRate1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage points added to the reference rate to compute the variable rate on the debt instrument.",
        "label": "Debt Instrument, Basis Spread on Variable Rate",
        "terseLabel": "Basis spread on variable rate"
       }
      }
     },
     "localname": "DebtInstrumentBasisSpreadOnVariableRate1",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_DebtInstrumentCarryingAmount": {
     "auth_ref": [
      "r11",
      "r255",
      "r453",
      "r470"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.",
        "label": "Long-term Debt, Gross",
        "terseLabel": "Long-term Debt, Gross"
       }
      }
     },
     "localname": "DebtInstrumentCarryingAmount",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtInstrumentFaceAmount": {
     "auth_ref": [
      "r237",
      "r257",
      "r258",
      "r376",
      "r378",
      "r379"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Face (par) amount of debt instrument at time of issuance.",
        "label": "Debt Instrument, Face Amount",
        "terseLabel": "Debt instrument, face amount"
       }
      }
     },
     "localname": "DebtInstrumentFaceAmount",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DebtInstrumentInterestRateStatedPercentage": {
     "auth_ref": [
      "r26",
      "r238"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Contractual interest rate for funds borrowed, under the debt agreement.",
        "label": "Debt Instrument, Interest Rate, Stated Percentage",
        "terseLabel": "Debt instrument, interest rate, stated percentage"
       }
      }
     },
     "localname": "DebtInstrumentInterestRateStatedPercentage",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_DebtInstrumentLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Debt Instrument [Line Items]",
        "terseLabel": "Debt Instrument [Line Items]"
       }
      }
     },
     "localname": "DebtInstrumentLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtInstrumentNameDomain": {
     "auth_ref": [
      "r27",
      "r87",
      "r91",
      "r237",
      "r238",
      "r239",
      "r240",
      "r241",
      "r242",
      "r243",
      "r244",
      "r245",
      "r246",
      "r247",
      "r248",
      "r249",
      "r250",
      "r251",
      "r252",
      "r253",
      "r257",
      "r258",
      "r259",
      "r260",
      "r378"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities.",
        "label": "Debt Instrument, Name [Domain]",
        "terseLabel": "Debt Instrument, Name [Domain]"
       }
      }
     },
     "localname": "DebtInstrumentNameDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DebtInstrumentRedemptionPeriodAxis": {
     "auth_ref": [
      "r468"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information about timing of debt redemption features under terms of the debt agreement.",
        "label": "Debt Instrument, Redemption, Period [Axis]",
        "terseLabel": "Debt Instrument, Redemption, Period [Axis]"
       }
      }
     },
     "localname": "DebtInstrumentRedemptionPeriodAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtInstrumentRedemptionPeriodDomain": {
     "auth_ref": [
      "r468"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Period as defined under terms of the debt agreement for debt redemption features.",
        "label": "Debt Instrument, Redemption, Period [Domain]",
        "terseLabel": "Debt Instrument, Redemption, Period [Domain]"
       }
      }
     },
     "localname": "DebtInstrumentRedemptionPeriodDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DebtInstrumentTable": {
     "auth_ref": [
      "r27",
      "r87",
      "r91",
      "r237",
      "r238",
      "r239",
      "r240",
      "r241",
      "r242",
      "r243",
      "r244",
      "r245",
      "r246",
      "r247",
      "r248",
      "r249",
      "r250",
      "r251",
      "r252",
      "r253",
      "r254",
      "r257",
      "r258",
      "r259",
      "r260",
      "r286",
      "r289",
      "r290",
      "r291",
      "r375",
      "r376",
      "r378",
      "r379",
      "r469"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A table or schedule providing information pertaining to long-term debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.",
        "label": "Schedule of Long-term Debt Instruments [Table]",
        "terseLabel": "Schedule of Long-term Debt Instruments [Table]"
       }
      }
     },
     "localname": "DebtInstrumentTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DebtInstrumentTerm": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.",
        "label": "Debt Instrument, Term",
        "terseLabel": "Debt instrument, term"
       }
      }
     },
     "localname": "DebtInstrumentTerm",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]",
        "terseLabel": "Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]"
       }
      }
     },
     "localname": "DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_DepreciationDepletionAndAmortization": {
     "auth_ref": [
      "r75",
      "r140"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 7.0,
       "parentTag": "us-gaap_CostsAndExpenses",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 7.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.",
        "label": "Depreciation, Depletion and Amortization",
        "terseLabel": "Depreciation and amortization"
       }
      }
     },
     "localname": "DepreciationDepletionAndAmortization",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeAssets": {
     "auth_ref": [
      "r34",
      "r35",
      "r38",
      "r364"
     ],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.",
        "label": "Derivative Asset",
        "terseLabel": "Derivative Asset"
       }
      }
     },
     "localname": "DerivativeAssets",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeBasisSpreadOnVariableRate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The percentage points added to the reference rate to compute the variable rate on the interest rate derivative.",
        "label": "Derivative, Basis Spread on Variable Rate",
        "terseLabel": "Derivative, Basis Spread on Variable Rate"
       }
      }
     },
     "localname": "DerivativeBasisSpreadOnVariableRate",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_DerivativeContractTypeDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Financial instrument or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset.",
        "label": "Derivative Contract [Domain]",
        "terseLabel": "Derivative Contract [Domain]"
       }
      }
     },
     "localname": "DerivativeContractTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DerivativeInstrumentRiskAxis": {
     "auth_ref": [
      "r38",
      "r349",
      "r350",
      "r352",
      "r355"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of derivative contract.",
        "label": "Derivative Instrument [Axis]",
        "terseLabel": "Derivative Instrument [Axis]"
       }
      }
     },
     "localname": "DerivativeInstrumentRiskAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DerivativeLiabilities": {
     "auth_ref": [
      "r34",
      "r35",
      "r38",
      "r364"
     ],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 3.0,
       "parentTag": "oak_AccountsPayableAccruedExpensesAndOtherLiabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.",
        "label": "Derivative Liability",
        "terseLabel": "Derivative"
       }
      }
     },
     "localname": "DerivativeLiabilities",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails",
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLiabilityNotionalAmount": {
     "auth_ref": [
      "r343",
      "r344",
      "r346"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Nominal or face amount used to calculate payments on the derivative liability.",
        "label": "Derivative Liability, Notional Amount",
        "terseLabel": "Derivative Liability, Notional Amount"
       }
      }
     },
     "localname": "DerivativeLiabilityNotionalAmount",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DerivativeLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Derivative [Line Items]",
        "terseLabel": "Derivative [Line Items]"
       }
      }
     },
     "localname": "DerivativeLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DerivativeTable": {
     "auth_ref": [
      "r342",
      "r345",
      "r346",
      "r347",
      "r348",
      "r351",
      "r352",
      "r356",
      "r357",
      "r359",
      "r360"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule that describes and identifies a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.",
        "label": "Derivative [Table]",
        "terseLabel": "Derivative [Table]"
       }
      }
     },
     "localname": "DerivativeTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment": {
     "auth_ref": [
      "r47"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 1.0,
       "parentTag": "us-gaap_CostsAndExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of expense incurred and directly related to generating revenue by lessor from operating lease of rented property and equipment.",
        "label": "Direct Costs of Leased and Rented Property or Equipment",
        "terseLabel": "Rental property operating"
       }
      }
     },
     "localname": "DirectCostsOfLeasedAndRentedPropertyOrEquipment",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DistributionTypeDomain": {
     "auth_ref": [
      "r293"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Types of distribution made by the entity.",
        "label": "Distribution Type [Domain]",
        "terseLabel": "Distribution Type [Domain]"
       }
      }
     },
     "localname": "DistributionTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis": {
     "auth_ref": [
      "r293"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of distribution.",
        "label": "Distribution Type [Axis]",
        "terseLabel": "Distribution Type [Axis]"
       }
      }
     },
     "localname": "DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_DividendsCommonStockCash": {
     "auth_ref": [
      "r292"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of paid and unpaid common stock dividends declared with the form of settlement in cash.",
        "label": "Dividends, Common Stock, Cash",
        "terseLabel": "Dividends, Common Stock, Cash"
       }
      }
     },
     "localname": "DividendsCommonStockCash",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_DividendsDeclaredTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.",
        "label": "Dividends Declared [Table Text Block]",
        "terseLabel": "Dividends Declared"
       }
      }
     },
     "localname": "DividendsDeclaredTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_DueToAffiliateCurrentAndNoncurrent": {
     "auth_ref": [
      "r388",
      "r394",
      "r457",
      "r488",
      "r507"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 2.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of payable due to an entity that is affiliated with the reporting entity by means of direct or indirect ownership.",
        "label": "Due to Affiliate",
        "terseLabel": "Due to affiliates"
       }
      }
     },
     "localname": "DueToAffiliateCurrentAndNoncurrent",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_EarningsPerShareBasic": {
     "auth_ref": [
      "r49",
      "r98",
      "r99",
      "r101",
      "r102",
      "r103",
      "r107",
      "r109",
      "r113",
      "r114",
      "r115",
      "r117",
      "r118",
      "r362",
      "r363",
      "r463",
      "r490"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.",
        "label": "Earnings Per Share, Basic",
        "terseLabel": "Basic (in dollars per share)"
       }
      }
     },
     "localname": "EarningsPerShareBasic",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "perShareItemType"
    },
    "us-gaap_EarningsPerShareDiluted": {
     "auth_ref": [
      "r49",
      "r98",
      "r99",
      "r101",
      "r102",
      "r103",
      "r109",
      "r113",
      "r114",
      "r115",
      "r117",
      "r118",
      "r362",
      "r363",
      "r463",
      "r490"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.",
        "label": "Earnings Per Share, Diluted",
        "terseLabel": "Diluted (in dollars per share)"
       }
      }
     },
     "localname": "EarningsPerShareDiluted",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "perShareItemType"
    },
    "us-gaap_EquityAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity [Abstract]",
        "terseLabel": "Equity [Abstract]"
       }
      }
     },
     "localname": "EquityAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_EquityComponentDomain": {
     "auth_ref": [
      "r0",
      "r42",
      "r43",
      "r44",
      "r93",
      "r94",
      "r95",
      "r97",
      "r104",
      "r106",
      "r119",
      "r184",
      "r285",
      "r292",
      "r313",
      "r314",
      "r315",
      "r324",
      "r325",
      "r361",
      "r367",
      "r368",
      "r369",
      "r370",
      "r371",
      "r372",
      "r502",
      "r503",
      "r504",
      "r589"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.",
        "label": "Equity Component [Domain]",
        "terseLabel": "Equity Component [Domain]"
       }
      }
     },
     "localname": "EquityComponentDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis": {
     "auth_ref": [
      "r3",
      "r88",
      "r181",
      "r365"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by nonconsolidated equity method investee. Excludes information consolidated by reporting entity.",
        "label": "Equity Method Investment, Nonconsolidated Investee [Axis]",
        "terseLabel": "Equity Method Investment, Nonconsolidated Investee [Axis]"
       }
      }
     },
     "localname": "EquityMethodInvestmentNonconsolidatedInvesteeAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain": {
     "auth_ref": [
      "r3",
      "r88",
      "r181",
      "r365"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Nonconsolidated equity method investee. Excludes information consolidated by reporting entity.",
        "label": "Equity Method Investment, Nonconsolidated Investee [Domain]",
        "terseLabel": "Equity Method Investment, Nonconsolidated Investee [Domain]"
       }
      }
     },
     "localname": "EquityMethodInvestmentNonconsolidatedInvesteeDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_EquityMethodInvestmentOwnershipPercentage": {
     "auth_ref": [
      "r179"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.",
        "label": "Equity Method Investment, Ownership Percentage",
        "terseLabel": "Ownership percentage"
       }
      }
     },
     "localname": "EquityMethodInvestmentOwnershipPercentage",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Method Investments and Joint Ventures [Abstract]"
       }
      }
     },
     "localname": "EquityMethodInvestmentsAndJointVenturesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_EquityMethodInvestmentsDisclosureTextBlock": {
     "auth_ref": [
      "r183"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.",
        "label": "Equity Method Investments and Joint Ventures Disclosure [Text Block]",
        "terseLabel": "Investments in Unconsolidated Entities"
       }
      }
     },
     "localname": "EquityMethodInvestmentsDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntities"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_EquityMethodInvestmentsTextBlock": {
     "auth_ref": [
      "r182"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.",
        "label": "Equity Method Investments [Table Text Block]",
        "terseLabel": "Summarized Financial Information of Unconsolidated Joint Venture"
       }
      }
     },
     "localname": "EquityMethodInvestmentsTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss": {
     "auth_ref": [
      "r178",
      "r492"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).",
        "label": "Equity Securities, FV-NI, Unrealized Gain (Loss)",
        "terseLabel": "Equity Securities, FV-NI, Unrealized Gain (Loss)"
       }
      }
     },
     "localname": "EquitySecuritiesFvNiUnrealizedGainLoss",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis": {
     "auth_ref": [
      "r98",
      "r99",
      "r100",
      "r103",
      "r104",
      "r105",
      "r106"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of error correction.",
        "label": "Error Correction, Type [Axis]",
        "terseLabel": "Error Correction, Type [Axis]"
       }
      }
     },
     "localname": "ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FinancialInstrumentAxis": {
     "auth_ref": [
      "r173",
      "r174",
      "r175",
      "r176",
      "r177",
      "r186",
      "r189",
      "r190",
      "r191",
      "r192",
      "r193",
      "r194",
      "r195",
      "r196",
      "r254",
      "r283",
      "r360",
      "r401",
      "r402",
      "r403",
      "r404",
      "r405",
      "r406",
      "r407",
      "r408",
      "r409",
      "r410",
      "r411",
      "r412",
      "r413",
      "r414",
      "r415",
      "r416",
      "r417",
      "r418",
      "r419",
      "r420",
      "r421",
      "r422",
      "r423",
      "r424",
      "r425",
      "r426",
      "r427",
      "r428",
      "r429",
      "r430",
      "r552",
      "r553",
      "r554",
      "r555",
      "r556",
      "r557",
      "r558"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of financial instrument.",
        "label": "Financial Instrument [Axis]",
        "terseLabel": "Financial Instrument [Axis]"
       }
      }
     },
     "localname": "FinancialInstrumentAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. Such amount may include the value assigned to existing tenant relationships and excludes the market adjustment component of the value assigned for above or below-market leases acquired.",
        "label": "Finite-Lived Intangible Asset, Acquired-in-Place Leases",
        "terseLabel": "Finite-Lived Intangible Asset, Acquired-in-Place Leases"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetAcquiredInPlaceLeases",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization": {
     "auth_ref": [
      "r203"
     ],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_IntangibleAssetsNetExcludingGoodwill",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.",
        "label": "Finite-Lived Intangible Assets, Accumulated Amortization",
        "negatedTerseLabel": "Intangible assets, accumulated amortization"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAccumulatedAmortization",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for asset, excluding financial asset and goodwill, lacking physical substance with finite life expected to be recognized after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, after Year Five",
        "terseLabel": "Thereafter"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths": {
     "auth_ref": [
      "r204"
     ],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails": {
       "order": 6.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year One",
        "terseLabel": "2022"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive": {
     "auth_ref": [
      "r204"
     ],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Five",
        "terseLabel": "2026"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFive",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour": {
     "auth_ref": [
      "r204"
     ],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Four",
        "terseLabel": "2025"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFour",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree": {
     "auth_ref": [
      "r204"
     ],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Three",
        "terseLabel": "2024"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearThree",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo": {
     "auth_ref": [
      "r204"
     ],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Two",
        "terseLabel": "2023"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis": {
     "auth_ref": [
      "r199",
      "r200",
      "r203",
      "r205",
      "r434",
      "r435"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by major type or class of finite-lived intangible assets.",
        "label": "Finite-Lived Intangible Assets by Major Class [Axis]",
        "terseLabel": "Finite-Lived Intangible Assets by Major Class [Axis]"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsByMajorClassAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsGross": {
     "auth_ref": [
      "r203",
      "r435"
     ],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_IntangibleAssetsNetExcludingGoodwill",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.",
        "label": "Finite-Lived Intangible Assets, Gross",
        "terseLabel": "Intangible assets, gross"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsGross",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Finite-Lived Intangible Assets [Line Items]",
        "terseLabel": "Finite-Lived Intangible Assets [Line Items]"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain": {
     "auth_ref": [
      "r199",
      "r202"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The major class of finite-lived intangible asset (for example, patents, trademarks, copyrights, etc.) A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.",
        "label": "Finite-Lived Intangible Assets, Major Class Name [Domain]",
        "terseLabel": "Finite-Lived Intangible Assets, Major Class Name [Domain]"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsMajorClassNameDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsNet": {
     "auth_ref": [
      "r203",
      "r434"
     ],
     "calculation": {
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.",
        "label": "Finite-Lived Intangible Assets, Net",
        "totalLabel": "Total"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsNet",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesIntangibleAssetsFutureAmortizationExpenseDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsNetAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Finite-Lived Intangible Assets, Net [Abstract]",
        "terseLabel": "Finite-Lived Intangible Assets, Net [Abstract]"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsNetAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1": {
     "auth_ref": [
      "r434"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Remaining amortization period of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.",
        "label": "Finite-Lived Intangible Assets, Remaining Amortization Period",
        "terseLabel": "Finite-Lived Intangible Assets, Remaining Amortization Period"
       }
      }
     },
     "localname": "FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "durationItemType"
    },
    "us-gaap_FirstMortgageMember": {
     "auth_ref": [
      "r523"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Loan secured by real property that has a first (highest) lien on such property in the event of default by the borrower.",
        "label": "First Mortgage [Member]",
        "terseLabel": "First Mortgage [Member]"
       }
      }
     },
     "localname": "FirstMortgageMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_GainLossOnSaleOfInvestments": {
     "auth_ref": [
      "r75"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities.",
        "label": "Gain (Loss) on Sale of Investments",
        "terseLabel": "Gain (Loss) on Sale of Investments"
       }
      }
     },
     "localname": "GainLossOnSaleOfInvestments",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GainsLossesOnSalesOfInvestmentRealEstate": {
     "auth_ref": [
      "r51",
      "r52",
      "r75",
      "r461",
      "r491",
      "r495",
      "r496",
      "r497"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes.",
        "label": "Gains (Losses) on Sales of Investment Real Estate",
        "terseLabel": "Gains (Losses) on Sales of Investment Real Estate"
       }
      }
     },
     "localname": "GainsLossesOnSalesOfInvestmentRealEstate",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GainsLossesOnSalesOfOtherRealEstate": {
     "auth_ref": [
      "r464"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 9.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession.",
        "label": "Gains (Losses) on Sales of Other Real Estate",
        "negatedTerseLabel": "Net gain on disposition of real estate"
       }
      }
     },
     "localname": "GainsLossesOnSalesOfOtherRealEstate",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GeneralAndAdministrativeExpense": {
     "auth_ref": [
      "r54"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 2.0,
       "parentTag": "us-gaap_CostsAndExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.",
        "label": "General and Administrative Expense",
        "terseLabel": "General and administrative"
       }
      }
     },
     "localname": "GeneralAndAdministrativeExpense",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Goodwill and Intangible Assets Disclosure [Abstract]",
        "terseLabel": "Goodwill and Intangible Assets Disclosure [Abstract]"
       }
      }
     },
     "localname": "GoodwillAndIntangibleAssetsDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_ImpairmentOfRealEstate": {
     "auth_ref": [
      "r75",
      "r209"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The charge against earnings in the period to reduce the carrying amount of real property to fair value.",
        "label": "Impairment of Real Estate",
        "terseLabel": "Impairment of real estate"
       }
      }
     },
     "localname": "ImpairmentOfRealEstate",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncomeStatementAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Income Statement [Abstract]",
        "terseLabel": "Income Statement [Abstract]"
       }
      }
     },
     "localname": "IncomeStatementAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_IncomeStatementLocationAxis": {
     "auth_ref": [
      "r210",
      "r212"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by location in the income statement.",
        "label": "Income Statement Location [Axis]",
        "terseLabel": "Income Statement Location [Axis]"
       }
      }
     },
     "localname": "IncomeStatementLocationAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_IncomeStatementLocationDomain": {
     "auth_ref": [
      "r212"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Location in the income statement.",
        "label": "Income Statement Location [Domain]",
        "terseLabel": "Income Statement Location [Domain]"
       }
      }
     },
     "localname": "IncomeStatementLocationDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_IncomeTaxPolicyTextBlock": {
     "auth_ref": [
      "r41",
      "r317",
      "r318",
      "r319",
      "r320",
      "r321",
      "r323"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.",
        "label": "Income Tax, Policy [Policy Text Block]",
        "terseLabel": "Income Taxes"
       }
      }
     },
     "localname": "IncomeTaxPolicyTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_IncreaseDecreaseDueFromAffiliates": {
     "auth_ref": [
      "r74"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 18.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The increase (decrease) during the reporting period in receivables to be collected from an entity that is controlling, under the control of, or within the same control group as the reporting entity by means of direct or indirect ownership.",
        "label": "Increase (Decrease) Due from Affiliates",
        "negatedTerseLabel": "(Decrease) increase in due to affiliates"
       }
      }
     },
     "localname": "IncreaseDecreaseDueFromAffiliates",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables": {
     "auth_ref": [
      "r74"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 6.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The increase (decrease) during the reporting period in the amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of receivables.",
        "label": "Increase (Decrease) in Accounts and Other Receivables",
        "negatedTerseLabel": "Increase (Decrease) in Accounts and Other Receivables"
       }
      }
     },
     "localname": "IncreaseDecreaseInAccountsAndOtherReceivables",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities": {
     "auth_ref": [
      "r74"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 2.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.",
        "label": "Increase (Decrease) in Accounts Payable and Accrued Liabilities",
        "terseLabel": "Increase (decrease) in accounts payable, accrued expenses and other liabilities"
       }
      }
     },
     "localname": "IncreaseDecreaseInAccountsPayableAndAccruedLiabilities",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncreaseDecreaseInContractWithCustomerLiability": {
     "auth_ref": [
      "r74",
      "r432"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 4.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase (decrease) in obligation to transfer good or service to customer for which consideration has been received or is receivable.",
        "label": "Increase (Decrease) in Contract with Customer, Liability",
        "terseLabel": "Subscriptions received in advance"
       }
      }
     },
     "localname": "IncreaseDecreaseInContractWithCustomerLiability",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Increase (Decrease) in Operating Capital [Abstract]",
        "terseLabel": "Changes in assets and liabilities:"
       }
      }
     },
     "localname": "IncreaseDecreaseInOperatingCapitalAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_IncreaseDecreaseInOtherOperatingAssets": {
     "auth_ref": [
      "r74"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 17.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of increase (decrease) in operating assets classified as other.",
        "label": "Increase (Decrease) in Other Operating Assets",
        "negatedTerseLabel": "Increase (Decrease) in Other Operating Assets"
       }
      }
     },
     "localname": "IncreaseDecreaseInOtherOperatingAssets",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_IntangibleAssetsDisclosureTextBlock": {
     "auth_ref": [
      "r206"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for all or part of the information related to intangible assets.",
        "label": "Intangible Assets Disclosure [Text Block]",
        "terseLabel": "Intangibles"
       }
      }
     },
     "localname": "IntangibleAssetsDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/Intangibles"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_IntangibleAssetsNetExcludingGoodwill": {
     "auth_ref": [
      "r198",
      "r201"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 4.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.",
        "label": "Intangible Assets, Net (Excluding Goodwill)",
        "terseLabel": "Intangible assets, net",
        "totalLabel": "Intangible assets, net"
       }
      }
     },
     "localname": "IntangibleAssetsNetExcludingGoodwill",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestExpense": {
     "auth_ref": [
      "r45",
      "r139",
      "r374",
      "r377",
      "r466"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 2.0,
       "parentTag": "us-gaap_NonoperatingIncomeExpense",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of the cost of borrowed funds accounted for as interest expense.",
        "label": "Interest Expense",
        "negatedTerseLabel": "Interest expense",
        "terseLabel": "Interest Expense"
       }
      }
     },
     "localname": "InterestExpense",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestPaidNet": {
     "auth_ref": [
      "r69",
      "r72",
      "r79"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.",
        "label": "Interest Paid, Excluding Capitalized Interest, Operating Activities",
        "terseLabel": "Interest paid"
       }
      }
     },
     "localname": "InterestPaidNet",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InterestRateCapMember": {
     "auth_ref": [
      "r353"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Contract in which the cap writer, in return for a premium, agrees to limit, or cap, the cap holder's risk associated with an increase in interest rates. If rates go above a specified interest-rate-level (the strike price or the cap rate), the cap holder is entitled to receive cash payments equal to the excess of the market rate over the strike price multiplied by the notional principal amount.",
        "label": "Interest Rate Cap [Member]",
        "terseLabel": "Interest Rate Cap"
       }
      }
     },
     "localname": "InterestRateCapMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_InterestRateSwapMember": {
     "auth_ref": [
      "r353"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Forward based contracts in which two parties agree to swap periodic payments that are fixed at the outset of the swap contract with variable payments based on a market interest rate (index rate) over a specified period.",
        "label": "Interest Rate Swap [Member]",
        "terseLabel": "Interest Rate Swap"
       }
      }
     },
     "localname": "InterestRateSwapMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_InterestReceivable": {
     "auth_ref": [
      "r33"
     ],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": 3.0,
       "parentTag": "oak_AccountsandOtherReceivablesNet",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.",
        "label": "Interest Receivable",
        "terseLabel": "Interest receivable"
       }
      }
     },
     "localname": "InterestReceivable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InvestmentBuildingAndBuildingImprovements": {
     "auth_ref": [
      "r482"
     ],
     "calculation": {
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails": {
       "order": 2.0,
       "parentTag": "oak_RealEstateInvestmentsGross",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements.",
        "label": "Investment Building and Building Improvements",
        "terseLabel": "Investment Building and Building Improvements"
       }
      }
     },
     "localname": "InvestmentBuildingAndBuildingImprovements",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_InvestmentTypeAxis": {
     "auth_ref": [
      "r508",
      "r509",
      "r510",
      "r511",
      "r512",
      "r513",
      "r514",
      "r515",
      "r516",
      "r517",
      "r518",
      "r519",
      "r520",
      "r521",
      "r522"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of investments.",
        "label": "Investment Type [Axis]",
        "terseLabel": "Investment Type [Axis]"
       }
      }
     },
     "localname": "InvestmentTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_InvestmentTypeCategorizationMember": {
     "auth_ref": [
      "r508",
      "r509",
      "r510",
      "r511",
      "r512",
      "r513",
      "r514",
      "r515",
      "r516",
      "r517",
      "r518",
      "r519",
      "r520",
      "r521",
      "r522"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Asset obtained to generate income or appreciate in value.",
        "label": "Investments [Domain]",
        "terseLabel": "Investment [Domain]"
       }
      }
     },
     "localname": "InvestmentTypeCategorizationMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_Investments": {
     "auth_ref": [
      "r484"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sum of the carrying amounts as of the balance sheet date of all investments.",
        "label": "Investments",
        "terseLabel": "Investments"
       }
      }
     },
     "localname": "Investments",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_Land": {
     "auth_ref": [
      "r5",
      "r22"
     ],
     "calculation": {
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails": {
       "order": 1.0,
       "parentTag": "oak_RealEstateInvestmentsGross",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount before accumulated depletion of real estate held for productive use, excluding land held for sale.",
        "label": "Land",
        "terseLabel": "Land"
       }
      }
     },
     "localname": "Land",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LandAndLandImprovementsMember": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Real estate held and assets that are an addition or improvement to real estate held.",
        "label": "Land and Land Improvements [Member]",
        "terseLabel": "Land and land improvements"
       }
      }
     },
     "localname": "LandAndLandImprovementsMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_LeasesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Leases [Abstract]",
        "terseLabel": "Leases [Abstract]"
       }
      }
     },
     "localname": "LeasesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_LeasesAcquiredInPlaceMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. Such amount may include the value assigned to tenant relationships and excludes the market adjustment component of the value assigned for above or below-market leases acquired.",
        "label": "Leases, Acquired-in-Place [Member]",
        "terseLabel": "In-place lease intangibles"
       }
      }
     },
     "localname": "LeasesAcquiredInPlaceMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_LeasesOfLessorDisclosureTextBlock": {
     "auth_ref": [
      "r384"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.",
        "label": "Leases of Lessor Disclosure [Text Block]",
        "terseLabel": "Five Year Minimum Rental Payments"
       }
      }
     },
     "localname": "LeasesOfLessorDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/FiveYearMinimumRentalPayments"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_Liabilities": {
     "auth_ref": [
      "r25",
      "r88",
      "r153",
      "r181",
      "r222",
      "r223",
      "r224",
      "r227",
      "r228",
      "r229",
      "r231",
      "r233",
      "r235",
      "r236",
      "r332",
      "r336",
      "r337",
      "r365",
      "r395",
      "r396"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 2.0,
       "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.",
        "label": "Liabilities",
        "terseLabel": "Liabilities",
        "totalLabel": "Total Liabilities",
        "verboseLabel": "Total Liabilities"
       }
      }
     },
     "localname": "Liabilities",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LiabilitiesAndStockholdersEquity": {
     "auth_ref": [
      "r20",
      "r88",
      "r181",
      "r365",
      "r397",
      "r455",
      "r479"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.",
        "label": "Liabilities and Equity",
        "totalLabel": "Total Liabilities and Stockholders' Equity"
       }
      }
     },
     "localname": "LiabilitiesAndStockholdersEquity",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LiabilitiesAndStockholdersEquityAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Liabilities and Equity [Abstract]",
        "terseLabel": "Liabilities and Equity [Abstract]"
       }
      }
     },
     "localname": "LiabilitiesAndStockholdersEquityAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_LineOfCredit": {
     "auth_ref": [
      "r11",
      "r453",
      "r470"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 4.0,
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.",
        "label": "Long-term Line of Credit",
        "terseLabel": "Unsecured revolving credit facility"
       }
      }
     },
     "localname": "LineOfCredit",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": {
     "auth_ref": [
      "r24"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.",
        "label": "Line of Credit Facility, Maximum Borrowing Capacity",
        "terseLabel": "Line of credit facility, maximum borrowing capacity"
       }
      }
     },
     "localname": "LineOfCreditFacilityMaximumBorrowingCapacity",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LineOfCreditMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time, and under which borrowings outstanding may be either short-term or long-term, depending upon the particulars.",
        "label": "Line of Credit [Member]",
        "terseLabel": "Line of Credit [Member]"
       }
      }
     },
     "localname": "LineOfCreditMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_LoansReceivableBasisSpreadOnVariableRate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Percentage added to reference rate used to compute variable rate on loan receivable.",
        "label": "Loans Receivable, Basis Spread on Variable Rate",
        "terseLabel": "Loans Receivable, Basis Spread on Variable Rate"
       }
      }
     },
     "localname": "LoansReceivableBasisSpreadOnVariableRate",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "percentItemType"
    },
    "us-gaap_LondonInterbankOfferedRateLIBORMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest rate at which a bank borrows funds from other banks in the London interbank market.",
        "label": "London Interbank Offered Rate (LIBOR) [Member]",
        "terseLabel": "London Interbank Offered Rate (LIBOR) [Member]"
       }
      }
     },
     "localname": "LondonInterbankOfferedRateLIBORMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_LongTermDebt": {
     "auth_ref": [
      "r11",
      "r245",
      "r256",
      "r257",
      "r258",
      "r453",
      "r475"
     ],
     "calculation": {
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.",
        "label": "Long-term Debt",
        "terseLabel": "Long-term Debt",
        "totalLabel": "Total"
       }
      }
     },
     "localname": "LongTermDebt",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive": {
     "auth_ref": [
      "r91",
      "r220",
      "r249"
     ],
     "calculation": {
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails": {
       "order": 6.0,
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Long-Term Debt, Maturity, after Year Five",
        "terseLabel": "Thereafter"
       }
      }
     },
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths": {
     "auth_ref": [
      "r91",
      "r220",
      "r249"
     ],
     "calculation": {
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Long-Term Debt, Maturity, Year One",
        "terseLabel": "2022"
       }
      }
     },
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive": {
     "auth_ref": [
      "r91",
      "r220",
      "r249"
     ],
     "calculation": {
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Long-Term Debt, Maturity, Year Five",
        "terseLabel": "2026"
       }
      }
     },
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour": {
     "auth_ref": [
      "r91",
      "r220",
      "r249"
     ],
     "calculation": {
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Long-Term Debt, Maturity, Year Four",
        "terseLabel": "2025"
       }
      }
     },
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree": {
     "auth_ref": [
      "r91",
      "r220",
      "r249"
     ],
     "calculation": {
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Long-Term Debt, Maturity, Year Three",
        "terseLabel": "2024"
       }
      }
     },
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo": {
     "auth_ref": [
      "r91",
      "r220",
      "r249"
     ],
     "calculation": {
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).",
        "label": "Long-Term Debt, Maturity, Year Two",
        "terseLabel": "2023"
       }
      }
     },
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansMaturityofMortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_LongtermDebtTypeAxis": {
     "auth_ref": [
      "r27"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of long-term debt.",
        "label": "Long-term Debt, Type [Axis]",
        "terseLabel": "Long-term Debt, Type [Axis]"
       }
      }
     },
     "localname": "LongtermDebtTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_LongtermDebtTypeDomain": {
     "auth_ref": [
      "r27",
      "r221"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Type of long-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.",
        "label": "Long-term Debt, Type [Domain]",
        "terseLabel": "Long-term Debt, Type [Domain]"
       }
      }
     },
     "localname": "LongtermDebtTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ManagementFeeExpense": {
     "auth_ref": [
      "r389"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 4.0,
       "parentTag": "us-gaap_CostsAndExpenses",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of expenses related to the managing member or general partner for management of the day-to-day business functions of the limited liability company (LLC) or limited partnership (LP).",
        "label": "Management Fee Expense",
        "terseLabel": "Management fee"
       }
      }
     },
     "localname": "ManagementFeeExpense",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ManagementFeePayable": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount of the unpaid portion of the fee payable to the managing member or general partner for management of the fund or trust.",
        "label": "Management Fee Payable",
        "terseLabel": "Management Fee Payable"
       }
      }
     },
     "localname": "ManagementFeePayable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_MinorityInterest": {
     "auth_ref": [
      "r32",
      "r88",
      "r181",
      "r222",
      "r227",
      "r228",
      "r229",
      "r235",
      "r236",
      "r365",
      "r454",
      "r478"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest).",
        "label": "Stockholders' Equity Attributable to Noncontrolling Interest",
        "terseLabel": "Non-controlling interests attributable to third party joint ventures"
       }
      }
     },
     "localname": "MinorityInterest",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_MinorityInterestInJointVentures": {
     "auth_ref": [
      "r329"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount of the equity interests owned by noncontrolling shareholders, partners, or other equity holders in joint ventures included in the entity's consolidated financial statements.",
        "label": "Noncontrolling Interest in Joint Ventures",
        "terseLabel": "Noncontrolling Interest in Joint Ventures"
       }
      }
     },
     "localname": "MinorityInterestInJointVentures",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_MortgageNotesPayableDisclosureTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for mortgage notes payable.",
        "label": "Mortgage Notes Payable Disclosure [Text Block]",
        "terseLabel": "Mortgage Loans"
       }
      }
     },
     "localname": "MortgageNotesPayableDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoans"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_MortgagesMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A loan to finance the purchase of real estate where the lender has a lien on the property as collateral for the loan.",
        "label": "Mortgages [Member]",
        "terseLabel": "Mortgages"
       }
      }
     },
     "localname": "MortgagesMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_NatureOfOperations": {
     "auth_ref": [
      "r123",
      "r131"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.",
        "label": "Nature of Operations [Text Block]",
        "terseLabel": "Organization and Business Purpose"
       }
      }
     },
     "localname": "NatureOfOperations",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurpose"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_NetCashProvidedByUsedInFinancingActivities": {
     "auth_ref": [
      "r71"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 3.0,
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.",
        "label": "Net Cash Provided by (Used in) Financing Activities",
        "totalLabel": "Net cash provided by financing activities"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInFinancingActivities",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Net Cash Provided by (Used in) Financing Activities [Abstract]",
        "terseLabel": "Cash flows from financing activities:"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_NetCashProvidedByUsedInInvestingActivities": {
     "auth_ref": [
      "r71"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 2.0,
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.",
        "label": "Net Cash Provided by (Used in) Investing Activities",
        "totalLabel": "Net cash used in investing activities"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInInvestingActivities",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Net Cash Provided by (Used in) Investing Activities [Abstract]",
        "terseLabel": "Cash flows from investing activities"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_NetCashProvidedByUsedInOperatingActivities": {
     "auth_ref": [
      "r71",
      "r73",
      "r76"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 1.0,
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect",
       "weight": 1.0
      }
     },
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.",
        "label": "Net Cash Provided by (Used in) Operating Activities",
        "totalLabel": "Net cash provided by (used in) operating activities"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInOperatingActivities",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Net Cash Provided by (Used in) Operating Activities [Abstract]",
        "terseLabel": "Cash flows from operating activities:"
       }
      }
     },
     "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_NetIncomeLoss": {
     "auth_ref": [
      "r3",
      "r39",
      "r40",
      "r44",
      "r48",
      "r76",
      "r88",
      "r96",
      "r98",
      "r99",
      "r101",
      "r102",
      "r105",
      "r106",
      "r112",
      "r145",
      "r151",
      "r155",
      "r158",
      "r161",
      "r181",
      "r222",
      "r223",
      "r224",
      "r227",
      "r228",
      "r229",
      "r231",
      "r233",
      "r235",
      "r236",
      "r363",
      "r365",
      "r462",
      "r489"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.",
        "label": "Net Income (Loss) Attributable to Parent",
        "terseLabel": "Net Income (Loss) Attributable to Parent",
        "totalLabel": "Net income (loss) attributable to Brookfield REIT stockholders"
       }
      }
     },
     "localname": "NetIncomeLoss",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NetIncomeLossAttributableToNoncontrollingInterest": {
     "auth_ref": [
      "r39",
      "r40",
      "r44",
      "r105",
      "r106",
      "r334",
      "r340"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 2.0,
       "parentTag": "us-gaap_NetIncomeLoss",
       "weight": -1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of Net Income (Loss) attributable to noncontrolling interest.",
        "label": "Net Income (Loss) Attributable to Noncontrolling Interest",
        "negatedTerseLabel": "Net loss attributable to non-controlling interests in third party joint ventures",
        "terseLabel": "Net Income (Loss) Attributable to Noncontrolling Interest"
       }
      }
     },
     "localname": "NetIncomeLossAttributableToNoncontrollingInterest",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.",
        "label": "New Accounting Pronouncements, Policy [Policy Text Block]",
        "terseLabel": "Recent Accounting Pronouncements"
       }
      }
     },
     "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1": {
     "auth_ref": [
      "r80",
      "r81",
      "r82"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The amount of debt that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. \"Part noncash\" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.",
        "label": "Noncash or Part Noncash Acquisition, Debt Assumed",
        "terseLabel": "Assumed debt(2)"
       }
      }
     },
     "localname": "NoncashOrPartNoncashAcquisitionDebtAssumed1",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NoncontrollingInterestMember": {
     "auth_ref": [
      "r93",
      "r94",
      "r95",
      "r292",
      "r328"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This element represents that portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to the parent. A noncontrolling interest is sometimes called a minority interest.",
        "label": "Noncontrolling Interest [Member]",
        "terseLabel": "Non-controlling Interests Attributable to Third Party Joint Ventures"
       }
      }
     },
     "localname": "NoncontrollingInterestMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_NoninterestExpenseRelatedToPerformanceFees": {
     "auth_ref": [
      "r465"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Incentive fees which are compensation paid to a trading advisor or to any practitioner who achieves investment results above a specified contractual level.",
        "label": "Noninterest Expense Related to Performance Fees",
        "terseLabel": "Noninterest Expense Related to Performance Fees"
       }
      }
     },
     "localname": "NoninterestExpenseRelatedToPerformanceFees",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NonoperatingIncomeExpense": {
     "auth_ref": [
      "r55"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 2.0,
       "parentTag": "us-gaap_ProfitLoss",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).",
        "label": "Nonoperating Income (Expense)",
        "totalLabel": "Total other income (expense)"
       }
      }
     },
     "localname": "NonoperatingIncomeExpense",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_NumberOfRealEstateProperties": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The number of real estate properties owned as of the balance sheet date.",
        "label": "Number of Real Estate Properties",
        "terseLabel": "Number of Real Estate Properties"
       }
      }
     },
     "localname": "NumberOfRealEstateProperties",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "integerItemType"
    },
    "us-gaap_NumberOfReportableSegments": {
     "auth_ref": [
      "r133"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements.",
        "label": "Number of Reportable Segments",
        "terseLabel": "Number of reportable segments"
       }
      }
     },
     "localname": "NumberOfReportableSegments",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "integerItemType"
    },
    "us-gaap_NumberOfUnitsInRealEstateProperty": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The number of units in a real estate property owned as of the balance sheet date.",
        "label": "Number of Units in Real Estate Property",
        "terseLabel": "Number of Units in Real Estate Property"
       }
      }
     },
     "localname": "NumberOfUnitsInRealEstateProperty",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "integerItemType"
    },
    "us-gaap_OperatingExpenseMember": {
     "auth_ref": [
      "r354"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary financial statement caption encompassing expenses associated with normal operations.",
        "label": "Operating Expense [Member]",
        "terseLabel": "Operating Expense [Member]"
       }
      }
     },
     "localname": "OperatingExpenseMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_OperatingIncomeLoss": {
     "auth_ref": [
      "r145",
      "r151",
      "r155",
      "r158",
      "r161"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net result for the period of deducting operating expenses from operating revenues.",
        "label": "Operating Income (Loss)",
        "terseLabel": "Segment net operating income"
       }
      }
     },
     "localname": "OperatingIncomeLoss",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeasesFutureMinimumPaymentsDue": {
     "auth_ref": [
      "r380",
      "r382"
     ],
     "calculation": {
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.",
        "label": "Operating Leases, Future Minimum Payments Due",
        "totalLabel": "Total"
       }
      }
     },
     "localname": "OperatingLeasesFutureMinimumPaymentsDue",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent": {
     "auth_ref": [
      "r380",
      "r382"
     ],
     "calculation": {
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.",
        "label": "Operating Leases, Future Minimum Payments Due, Next Twelve Months",
        "terseLabel": "2020"
       }
      }
     },
     "localname": "OperatingLeasesFutureMinimumPaymentsDueCurrent",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears": {
     "auth_ref": [
      "r380",
      "r382"
     ],
     "calculation": {
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails": {
       "order": 5.0,
       "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.",
        "label": "Operating Leases, Future Minimum Payments, Due in Five Years",
        "terseLabel": "2024"
       }
      }
     },
     "localname": "OperatingLeasesFutureMinimumPaymentsDueInFiveYears",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears": {
     "auth_ref": [
      "r380",
      "r382"
     ],
     "calculation": {
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails": {
       "order": 4.0,
       "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.",
        "label": "Operating Leases, Future Minimum Payments, Due in Four Years",
        "terseLabel": "2023"
       }
      }
     },
     "localname": "OperatingLeasesFutureMinimumPaymentsDueInFourYears",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears": {
     "auth_ref": [
      "r380",
      "r382"
     ],
     "calculation": {
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.",
        "label": "Operating Leases, Future Minimum Payments, Due in Three Years",
        "terseLabel": "2022"
       }
      }
     },
     "localname": "OperatingLeasesFutureMinimumPaymentsDueInThreeYears",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears": {
     "auth_ref": [
      "r380",
      "r382"
     ],
     "calculation": {
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.",
        "label": "Operating Leases, Future Minimum Payments, Due in Two Years",
        "terseLabel": "2021"
       }
      }
     },
     "localname": "OperatingLeasesFutureMinimumPaymentsDueInTwoYears",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter": {
     "auth_ref": [
      "r380",
      "r382"
     ],
     "calculation": {
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails": {
       "order": 6.0,
       "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.",
        "label": "Operating Leases, Future Minimum Payments, Due Thereafter",
        "terseLabel": "Thereafter"
       }
      }
     },
     "localname": "OperatingLeasesFutureMinimumPaymentsDueThereafter",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLeasesIncomeStatementLeaseRevenue": {
     "auth_ref": [
      "r381"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 1.0,
       "parentTag": "us-gaap_Revenues",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue.",
        "label": "Operating Leases, Income Statement, Lease Revenue",
        "terseLabel": "Rental revenues"
       }
      }
     },
     "localname": "OperatingLeasesIncomeStatementLeaseRevenue",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingLossCarryforwards": {
     "auth_ref": [
      "r322"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.",
        "label": "Operating Loss Carryforwards",
        "terseLabel": "Net operating loss"
       }
      }
     },
     "localname": "OperatingLossCarryforwards",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OperatingSegmentsMember": {
     "auth_ref": [
      "r150",
      "r151",
      "r152",
      "r153",
      "r155",
      "r161"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Identifies components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity.",
        "label": "Operating Segments [Member]",
        "terseLabel": "Operating Segments"
       }
      }
     },
     "localname": "OperatingSegmentsMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Organization, Consolidation and Presentation of Financial Statements [Abstract]",
        "terseLabel": "Organization, Consolidation and Presentation of Financial Statements [Abstract]"
       }
      }
     },
     "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_OtherAssets": {
     "auth_ref": [
      "r8",
      "r449",
      "r472"
     ],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      },
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 2.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of assets classified as other.",
        "label": "Other Assets",
        "terseLabel": "Other assets",
        "totalLabel": "Total other assets"
       }
      }
     },
     "localname": "OtherAssets",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherAssetsDisclosureTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets.",
        "label": "Other Assets Disclosure [Text Block]",
        "terseLabel": "Accounts and Other Receivables and Other Assets"
       }
      }
     },
     "localname": "OtherAssetsDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssets"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_OtherIncome": {
     "auth_ref": [
      "r494"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 2.0,
       "parentTag": "us-gaap_Revenues",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of revenue and income classified as other.",
        "label": "Other Income",
        "terseLabel": "Other revenues"
       }
      }
     },
     "localname": "OtherIncome",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_OtherIncomeAndExpensesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Income and Expenses [Abstract]",
        "terseLabel": "Other Income and Expenses [Abstract]"
       }
      }
     },
     "localname": "OtherIncomeAndExpensesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_OtherLiabilitiesDisclosureAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Liabilities Disclosure [Abstract]",
        "terseLabel": "Other Liabilities Disclosure [Abstract]"
       }
      }
     },
     "localname": "OtherLiabilitiesDisclosureAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_OtherNoncashInvestingAndFinancingItemsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Noncash Investing and Financing Items [Abstract]",
        "terseLabel": "Non-cash investing and financing activities:"
       }
      }
     },
     "localname": "OtherNoncashInvestingAndFinancingItemsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_PaidInKindInterest": {
     "auth_ref": [
      "r75"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 1.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest paid other than in cash for example by issuing additional debt securities. As a noncash item, it is added to net income when calculating cash provided by or used in operations using the indirect method.",
        "label": "Paid-in-Kind Interest",
        "terseLabel": "Paid-in-kind interest"
       }
      }
     },
     "localname": "PaidInKindInterest",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ParentMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Portion of equity, or net assets, in the consolidated entity attributable, directly or indirectly, to the parent. Excludes noncontrolling interests.",
        "label": "Parent [Member]",
        "terseLabel": "Total Stockholders' Equity (Deficit)"
       }
      }
     },
     "localname": "ParentMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_PartnersCapitalAccountDistributions": {
     "auth_ref": [
      "r292",
      "r294"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Total distributions to each class of partners (i.e., general, limited and preferred partners).",
        "label": "Partners' Capital Account, Distributions",
        "negatedTerseLabel": "Partners' Capital Account, Distributions"
       }
      }
     },
     "localname": "PartnersCapitalAccountDistributions",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsForOtherDeposits": {
     "auth_ref": [
      "r62"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 2.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash outflow for deposits classified as other.",
        "label": "Payments for Other Deposits",
        "negatedTerseLabel": "Payments for Deposits"
       }
      }
     },
     "localname": "PaymentsForOtherDeposits",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsForRepurchaseOfCommonStock": {
     "auth_ref": [
      "r66"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 2.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow to reacquire common stock during the period.",
        "label": "Payments for Repurchase of Common Stock",
        "negatedTerseLabel": "Repurchase of common stock"
       }
      }
     },
     "localname": "PaymentsForRepurchaseOfCommonStock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest": {
     "auth_ref": [
      "r66"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow during the period for redemption of redeemable noncontrolling interests.",
        "label": "Payments for Repurchase of Redeemable Noncontrolling Interest",
        "terseLabel": "Payments for Repurchase of Redeemable Noncontrolling Interest"
       }
      }
     },
     "localname": "PaymentsForRepurchaseOfRedeemableNoncontrollingInterest",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsForTenantImprovements": {
     "auth_ref": [],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 6.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash outflow for the allowance granted to lessee and/or direct costs incurred by lessor used to prepare the leased premises for tenant's occupancy.",
        "label": "Payments for Tenant Improvements",
        "negatedTerseLabel": "Payments for Tenant Improvements"
       }
      }
     },
     "localname": "PaymentsForTenantImprovements",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsOfCapitalDistribution": {
     "auth_ref": [
      "r66"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 7.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash outflow to owners or shareholders, excluding ordinary dividends. Includes special dividends.",
        "label": "Payments of Capital Distribution",
        "negatedTerseLabel": "Distributions"
       }
      }
     },
     "localname": "PaymentsOfCapitalDistribution",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsOfDividendsMinorityInterest": {
     "auth_ref": [
      "r66"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 13.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests.",
        "label": "Payments of Ordinary Dividends, Noncontrolling Interest",
        "negatedTerseLabel": "Distributions to non-controlling interests"
       }
      }
     },
     "localname": "PaymentsOfDividendsMinorityInterest",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsOfFinancingCosts": {
     "auth_ref": [
      "r68"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 3.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow for loan and debt issuance costs.",
        "label": "Payments of Financing Costs",
        "negatedTerseLabel": "Payment of deferred financing costs"
       }
      }
     },
     "localname": "PaymentsOfFinancingCosts",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsToAcquireLoansHeldForInvestment": {
     "auth_ref": [
      "r61"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow associated with purchasing loans held for investment purposes during the period.",
        "label": "Payments to Acquire Loans Held-for-investment",
        "terseLabel": "Payments to Acquire Loans Held-for-investment"
       }
      }
     },
     "localname": "PaymentsToAcquireLoansHeldForInvestment",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PaymentsToAcquireRealEstate": {
     "auth_ref": [
      "r62"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 5.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner.",
        "label": "Payments to Acquire Real Estate",
        "negatedTerseLabel": "Acquisition of real estate",
        "terseLabel": "Payments to acquire real estate"
       }
      }
     },
     "localname": "PaymentsToAcquireRealEstate",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PreferredStockMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Preferred shares may provide a preferential dividend to the dividend on common stock and may take precedence over common stock in the event of a liquidation. Preferred shares typically represent an ownership interest in the company.",
        "label": "Preferred Stock [Member]",
        "terseLabel": "Preferred stock"
       }
      }
     },
     "localname": "PreferredStockMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_PreferredStockParOrStatedValuePerShare": {
     "auth_ref": [
      "r13",
      "r269"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.",
        "label": "Preferred Stock, Par or Stated Value Per Share",
        "terseLabel": "Preferred stock, par value (in dollars per share)"
       }
      }
     },
     "localname": "PreferredStockParOrStatedValuePerShare",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails"
     ],
     "xbrltype": "perShareItemType"
    },
    "us-gaap_PreferredStockSharesAuthorized": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.",
        "label": "Preferred Stock, Shares Authorized",
        "terseLabel": "Preferred stock, shares authorized (in shares)"
       }
      }
     },
     "localname": "PreferredStockSharesAuthorized",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_PreferredStockSharesIssued": {
     "auth_ref": [
      "r13",
      "r269"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.",
        "label": "Preferred Stock, Shares Issued",
        "terseLabel": "Preferred stock, shares issued (in shares)"
       }
      }
     },
     "localname": "PreferredStockSharesIssued",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_PreferredStockSharesOutstanding": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.",
        "label": "Preferred Stock, Shares Outstanding",
        "terseLabel": "Preferred stock, outstanding (in shares)"
       }
      }
     },
     "localname": "PreferredStockSharesOutstanding",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_PreferredStockValue": {
     "auth_ref": [
      "r13",
      "r397"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 3.0,
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.",
        "label": "Preferred Stock, Value, Issued",
        "terseLabel": "Preferred Stock, Value, Issued"
       }
      }
     },
     "localname": "PreferredStockValue",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PrepaidExpenseCurrentAndNoncurrent": {
     "auth_ref": [
      "r456",
      "r485"
     ],
     "calculation": {
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails": {
       "order": 3.0,
       "parentTag": "us-gaap_OtherAssets",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount as of the balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs.",
        "label": "Prepaid Expense",
        "terseLabel": "Prepaid expenses"
       }
      }
     },
     "localname": "PrepaidExpenseCurrentAndNoncurrent",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsandOtherReceivablesandOtherAssetsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromContributedCapital": {
     "auth_ref": [
      "r63"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow associated with the amount received by a corporation from a shareholder during the period.",
        "label": "Proceeds from Contributed Capital",
        "terseLabel": "Capitalized investment by affiliate"
       }
      }
     },
     "localname": "ProceedsFromContributedCapital",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromIssuanceInitialPublicOffering": {
     "auth_ref": [
      "r63"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow associated with the amount received from entity's first offering of stock to the public.",
        "label": "Proceeds from Issuance Initial Public Offering",
        "terseLabel": "Proceeds from issuance"
       }
      }
     },
     "localname": "ProceedsFromIssuanceInitialPublicOffering",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits": {
     "auth_ref": [
      "r63"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 4.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from the issuance of common limited partners units during the period.",
        "label": "Proceeds from Issuance of Common Limited Partners Units",
        "terseLabel": "Proceeds from issuance of OP units"
       }
      }
     },
     "localname": "ProceedsFromIssuanceOfCommonLimitedPartnersUnits",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromIssuanceOfCommonStock": {
     "auth_ref": [
      "r63"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 9.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from the additional capital contribution to the entity.",
        "label": "Proceeds from Issuance of Common Stock",
        "terseLabel": "Proceeds from issuance of common stock"
       }
      }
     },
     "localname": "ProceedsFromIssuanceOfCommonStock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromIssuanceOfDebt": {
     "auth_ref": [
      "r64"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt.",
        "label": "Proceeds from Issuance of Debt",
        "terseLabel": "Proceeds from borrowings"
       }
      }
     },
     "localname": "ProceedsFromIssuanceOfDebt",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock": {
     "auth_ref": [
      "r63"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 14.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation.",
        "label": "Proceeds from Issuance of Preferred Stock and Preference Stock",
        "terseLabel": "Proceeds from issuance of preferred stock"
       }
      }
     },
     "localname": "ProceedsFromIssuanceOfPreferredStockAndPreferenceStock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromIssuanceOfSecuredDebt": {
     "auth_ref": [
      "r64"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 1.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt.",
        "label": "Proceeds from Issuance of Secured Debt",
        "terseLabel": "Proceeds from Issuance of Secured Debt"
       }
      }
     },
     "localname": "ProceedsFromIssuanceOfSecuredDebt",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromLinesOfCredit": {
     "auth_ref": [
      "r64",
      "r87"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 5.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.",
        "label": "Proceeds from Lines of Credit",
        "terseLabel": "Proceeds from affiliate line of credit"
       }
      }
     },
     "localname": "ProceedsFromLinesOfCredit",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromLongTermLinesOfCredit": {
     "auth_ref": [
      "r64"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.",
        "label": "Proceeds from Long-term Lines of Credit",
        "terseLabel": "Proceeds from Long-term Lines of Credit"
       }
      }
     },
     "localname": "ProceedsFromLongTermLinesOfCredit",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromMinorityShareholders": {
     "auth_ref": [
      "r65"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 8.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership.",
        "label": "Proceeds from Noncontrolling Interests",
        "terseLabel": "Contributions from non-controlling interests"
       }
      }
     },
     "localname": "ProceedsFromMinorityShareholders",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment": {
     "auth_ref": [
      "r57"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 7.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from repayments of the balance excluding interest (principal) on loans receivable and leases held for investment purposes.",
        "label": "Proceeds from Principal Repayments on Loans and Leases Held-for-investment",
        "terseLabel": "Proceeds from Principal Repayments on Loans and Leases Held-for-investment"
       }
      }
     },
     "localname": "ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromRepaymentsOfLinesOfCredit": {
     "auth_ref": [],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).",
        "label": "Proceeds from (Repayments of) Lines of Credit",
        "terseLabel": "Line of credit repayment through issuance of Class I shares"
       }
      }
     },
     "localname": "ProceedsFromRepaymentsOfLinesOfCredit",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfEquityMethodInvestments": {
     "auth_ref": [
      "r58"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow associated with the sale of equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.",
        "label": "Proceeds from Sale of Equity Method Investments",
        "terseLabel": "Proceeds from sale of investment"
       }
      }
     },
     "localname": "ProceedsFromSaleOfEquityMethodInvestments",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfOtherInvestments": {
     "auth_ref": [
      "r60"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash inflow from the sale of investments classified as other.",
        "label": "Proceeds from Sale of Other Investments",
        "terseLabel": "Proceeds from Sale of Other Investments"
       }
      }
     },
     "localname": "ProceedsFromSaleOfOtherInvestments",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfRealEstate": {
     "auth_ref": [
      "r59"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash received for the sale of real estate that is not part of an investing activity during the current period.",
        "label": "Proceeds from Sale of Real Estate",
        "terseLabel": "Proceeds from Sale of Real Estate"
       }
      }
     },
     "localname": "ProceedsFromSaleOfRealEstate",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment": {
     "auth_ref": [
      "r59"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 4.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period.",
        "label": "Proceeds from Sale of Real Estate Held-for-investment",
        "terseLabel": "Proceeds from Sale of Real Estate Held-for-investment"
       }
      }
     },
     "localname": "ProceedsFromSaleOfRealEstateHeldforinvestment",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfTreasuryStock": {
     "auth_ref": [
      "r63"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from the issuance of an equity stock that has been previously reacquired by the entity.",
        "label": "Proceeds from Sale of Treasury Stock",
        "terseLabel": "Proceeds from Sale of Treasury Stock"
       }
      }
     },
     "localname": "ProceedsFromSaleOfTreasuryStock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans": {
     "auth_ref": [
      "r60"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 3.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash inflow from proceeds From Sales of Wholly Owned Real Estate and Real Estate Acquired in Settlement of Loans.",
        "label": "Proceeds from Sale of Wholly Owned Real Estate and Real Estate Acquired in Settlement of Loans",
        "terseLabel": "Proceeds from sale of real estate-related loans and securities"
       }
      }
     },
     "localname": "ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ProfitLoss": {
     "auth_ref": [
      "r3",
      "r39",
      "r40",
      "r44",
      "r70",
      "r88",
      "r96",
      "r105",
      "r106",
      "r145",
      "r151",
      "r155",
      "r158",
      "r161",
      "r181",
      "r222",
      "r223",
      "r224",
      "r227",
      "r228",
      "r229",
      "r231",
      "r233",
      "r235",
      "r236",
      "r330",
      "r333",
      "r335",
      "r340",
      "r341",
      "r363",
      "r365",
      "r467"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 1.0,
       "parentTag": "us-gaap_NetIncomeLoss",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 5.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.",
        "label": "Net Income (Loss), Including Portion Attributable to Noncontrolling Interest",
        "terseLabel": "Net Income (Loss), Including Portion Attributable to Noncontrolling Interest",
        "totalLabel": "Net income (loss)"
       }
      }
     },
     "localname": "ProfitLoss",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_PropertyPlantAndEquipmentByTypeAxis": {
     "auth_ref": [
      "r23",
      "r208"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of long-lived, physical assets used to produce goods and services and not intended for resale.",
        "label": "Long-Lived Tangible Asset [Axis]",
        "terseLabel": "Property, Plant and Equipment, Type [Axis]"
       }
      }
     },
     "localname": "PropertyPlantAndEquipmentByTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_PropertyPlantAndEquipmentLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Property, Plant and Equipment [Line Items]",
        "terseLabel": "Property, Plant and Equipment [Line Items]"
       }
      }
     },
     "localname": "PropertyPlantAndEquipmentLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_PropertyPlantAndEquipmentTypeDomain": {
     "auth_ref": [
      "r7",
      "r207"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.",
        "label": "Long-Lived Tangible Asset [Domain]",
        "terseLabel": "Property, Plant and Equipment, Type [Domain]"
       }
      }
     },
     "localname": "PropertyPlantAndEquipmentTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_PropertyPlantAndEquipmentUsefulLife": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.",
        "label": "Property, Plant and Equipment, Useful Life",
        "terseLabel": "Property, Plant and Equipment, Useful Life"
       }
      }
     },
     "localname": "PropertyPlantAndEquipmentUsefulLife",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "durationItemType"
    },
    "us-gaap_RealEstateAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Real Estate [Abstract]",
        "terseLabel": "Real Estate [Abstract]"
       }
      }
     },
     "localname": "RealEstateAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_RealEstateAccumulatedDepreciation": {
     "auth_ref": [
      "r531"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation",
        "negatedPeriodEndLabel": "Balance at the end of the year",
        "negatedPeriodStartLabel": "Balance at the beginning of the year",
        "negatedTerseLabel": "Accumulated Depreciation"
       }
      }
     },
     "localname": "RealEstateAccumulatedDepreciation",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateAccumulatedDepreciationOtherDeductions": {
     "auth_ref": [
      "r536"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of other deductions to accumulated depreciation, excluding sales, for entities with a substantial portion of business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Other Deduction",
        "terseLabel": "Dispositions"
       }
      }
     },
     "localname": "RealEstateAccumulatedDepreciationOtherDeductions",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements": {
     "auth_ref": [
      "r530"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails": {
       "order": 1.0,
       "parentTag": "us-gaap_RealEstateGrossAtCarryingValue",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount before accumulated depreciation of buildings and improvements for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount",
        "terseLabel": "Gross Amounts at which Carried at the Close of Period, Building and Building Improvements"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand": {
     "auth_ref": [
      "r530"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_RealEstateGrossAtCarryingValue",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of land for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Land, Amount",
        "terseLabel": "Gross Amounts at which Carried at the Close of Period, Land and Land Improvements"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationCarryingAmountOfLand",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements": {
     "auth_ref": [
      "r528"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Initial cost of buildings and improvements for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Building and Improvements",
        "terseLabel": "Initial Cost of Building and Building Improvements"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand": {
     "auth_ref": [
      "r528"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Initial cost of land for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land",
        "terseLabel": "Initial Cost of Land and Land Improvements"
       }
      }
     },
     "localname": "RealEstateAndAccumulatedDepreciationInitialCostOfLand",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateDisclosureTextBlock": {
     "auth_ref": [
      "r539",
      "r540",
      "r541",
      "r543",
      "r545"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.",
        "label": "Real Estate Disclosure [Text Block]",
        "terseLabel": "Investments in Real Estate"
       }
      }
     },
     "localname": "RealEstateDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstate"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_RealEstateGrossAtCarryingValue": {
     "auth_ref": [
      "r530"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount, before accumulated depreciation, of real estate investment by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Excludes real estate not held as investment or interest.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross",
        "periodEndLabel": "Balance at the end of the year",
        "periodStartLabel": "Balance at the beginning of the year",
        "totalLabel": "Total"
       }
      }
     },
     "localname": "RealEstateGrossAtCarryingValue",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails",
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation": {
     "auth_ref": [
      "r481"
     ],
     "calculation": {
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails": {
       "order": 2.0,
       "parentTag": "us-gaap_RealEstateInvestments",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cumulative amount of depreciation for real estate property held for investment purposes.",
        "label": "Real Estate Investment Property, Accumulated Depreciation",
        "negatedTerseLabel": "Real Estate Investment Property, Accumulated Depreciation"
       }
      }
     },
     "localname": "RealEstateInvestmentPropertyAccumulatedDepreciation",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateInvestmentPropertyAtCost": {
     "auth_ref": [
      "r482"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.",
        "label": "Real Estate Investment Property, at Cost",
        "terseLabel": "Real Estate Investment Property, at Cost"
       }
      }
     },
     "localname": "RealEstateInvestmentPropertyAtCost",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateInvestments": {
     "auth_ref": [
      "r482"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 6.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails": {
       "order": null,
       "parentTag": null,
       "root": true,
       "weight": null
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of real estate investments, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; (7) other real estate investments; (8) real estate joint ventures; and (9) unconsolidated real estate and other joint ventures not separately presented.",
        "label": "Real Estate Investments, Net",
        "terseLabel": "Real Estate Investments, Net",
        "totalLabel": "Real Estate Investments, Net"
       }
      }
     },
     "localname": "RealEstateInvestments",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateInvestmentsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Real Estate Investments, Net [Abstract]",
        "terseLabel": "Real Estate Investments, Net [Abstract]"
       }
      }
     },
     "localname": "RealEstateInvestmentsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_RealEstateInvestmentsJointVentures": {
     "auth_ref": [
      "r482"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The book value of investments in real estate joint ventures including direct and indirect investments.",
        "label": "Real Estate Investments, Joint Ventures",
        "terseLabel": "Real Estate Investments, Joint Ventures"
       }
      }
     },
     "localname": "RealEstateInvestmentsJointVentures",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Real Estate [Line Items]",
        "terseLabel": "Real Estate [Line Items]"
       }
      }
     },
     "localname": "RealEstateLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_RealEstateOtherAdditions": {
     "auth_ref": [
      "r536"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of other additions excluding acquisition or improvement to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Addition",
        "terseLabel": "Additions during the year:"
       }
      }
     },
     "localname": "RealEstateOtherAdditions",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateOtherDeductions": {
     "auth_ref": [
      "r536"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of other deductions to real estate investments, excluding sales, for entities with a substantial portion of business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Deduction",
        "negatedTerseLabel": "Dispositions during the year:"
       }
      }
     },
     "localname": "RealEstateOtherDeductions",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateOwnedAccumulatedDepreciation": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of accumulated depreciation for real estate owned (REO).",
        "label": "Real Estate Owned, Accumulated Depreciation",
        "terseLabel": "Real Estate Owned, Accumulated Depreciation"
       }
      }
     },
     "localname": "RealEstateOwnedAccumulatedDepreciation",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RealEstateTable": {
     "auth_ref": [
      "r542"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about real estate investment companies including, but not limited to, real estate investment trusts, real estate owned, retail land sales, and time share transactions.",
        "label": "Real Estate [Table]",
        "terseLabel": "Real Estate [Table]"
       }
      }
     },
     "localname": "RealEstateTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_RealizedInvestmentGainsLosses": {
     "auth_ref": [
      "r493"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 3.0,
       "parentTag": "us-gaap_NonoperatingIncomeExpense",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 19.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of realized gain (loss) on investment.",
        "label": "Realized Investment Gains (Losses)",
        "negatedTerseLabel": "Realized gain on investments",
        "terseLabel": "Realized gain on real estate investments, net"
       }
      }
     },
     "localname": "RealizedInvestmentGainsLosses",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]",
        "terseLabel": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]"
       }
      }
     },
     "localname": "ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]",
        "terseLabel": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]"
       }
      }
     },
     "localname": "ReconciliationOfRealEstateAccumulatedDepreciationRollForward",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount": {
     "auth_ref": [
      "r263",
      "r264",
      "r265",
      "r266"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 4.0,
       "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity.",
        "label": "Redeemable Noncontrolling Interest, Equity, Carrying Amount",
        "periodEndLabel": "Redeemable Noncontrolling Interest, Equity, Carrying Amount",
        "periodStartLabel": "Redeemable Noncontrolling Interest, Equity, Carrying Amount",
        "terseLabel": "Redeemable non-controlling interests attributable to OP unitholders"
       }
      }
     },
     "localname": "RedeemableNoncontrollingInterestEquityCarryingAmount",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/StockholdersEquityDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RedeemableNoncontrollingInterestTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.",
        "label": "Redeemable Noncontrolling Interest [Table Text Block]",
        "terseLabel": "Redeemable Noncontrolling Interest"
       }
      }
     },
     "localname": "RedeemableNoncontrollingInterestTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_RelatedPartyDomain": {
     "auth_ref": [
      "r303",
      "r387",
      "r388"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Related parties include affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.",
        "label": "Related Party [Domain]",
        "terseLabel": "Related Party [Domain]"
       }
      }
     },
     "localname": "RelatedPartyDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RelatedPartyTransactionAxis": {
     "auth_ref": [
      "r303",
      "r387",
      "r388",
      "r390"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of related party transaction.",
        "label": "Related Party Transaction [Axis]",
        "terseLabel": "Related Party Transaction [Axis]"
       }
      }
     },
     "localname": "RelatedPartyTransactionAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_RelatedPartyTransactionDomain": {
     "auth_ref": [
      "r303"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Transaction between related party.",
        "label": "Related Party Transaction [Domain]",
        "terseLabel": "Related Party Transaction [Domain]"
       }
      }
     },
     "localname": "RelatedPartyTransactionDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RelatedPartyTransactionLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Related Party Transaction [Line Items]",
        "terseLabel": "Related Party Transaction [Line Items]"
       }
      }
     },
     "localname": "RelatedPartyTransactionLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_RelatedPartyTransactionsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Related Party Transactions [Abstract]",
        "terseLabel": "Related Party Transactions [Abstract]"
       }
      }
     },
     "localname": "RelatedPartyTransactionsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_RelatedPartyTransactionsByRelatedPartyAxis": {
     "auth_ref": [
      "r303",
      "r387",
      "r390",
      "r436",
      "r437",
      "r438",
      "r439",
      "r440",
      "r441",
      "r442",
      "r443",
      "r444",
      "r445",
      "r446",
      "r447"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of related party. Related parties include, but not limited to, affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.",
        "label": "Related Party [Axis]",
        "terseLabel": "Related Party [Axis]"
       }
      }
     },
     "localname": "RelatedPartyTransactionsByRelatedPartyAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_RelatedPartyTransactionsDisclosureTextBlock": {
     "auth_ref": [
      "r385",
      "r386",
      "r388",
      "r391",
      "r392"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.",
        "label": "Related Party Transactions Disclosure [Text Block]",
        "terseLabel": "Related Party Transactions"
       }
      }
     },
     "localname": "RelatedPartyTransactionsDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactions"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_RepaymentsOfDebt": {
     "auth_ref": [
      "r67"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations.",
        "label": "Repayments of Debt",
        "negatedTerseLabel": "Transfer of mortgage loan associated with disposition",
        "verboseLabel": "Repayments of debt"
       }
      }
     },
     "localname": "RepaymentsOfDebt",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RepaymentsOfLinesOfCredit": {
     "auth_ref": [
      "r67",
      "r87"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 12.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.",
        "label": "Repayments of Lines of Credit",
        "negatedTerseLabel": "Repayments of affiliate line of credit"
       }
      }
     },
     "localname": "RepaymentsOfLinesOfCredit",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RepaymentsOfSecuredDebt": {
     "auth_ref": [
      "r67"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.",
        "label": "Repayments of Secured Debt",
        "terseLabel": "Repayments of Secured Debt"
       }
      }
     },
     "localname": "RepaymentsOfSecuredDebt",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RestrictedCash": {
     "auth_ref": [
      "r83",
      "r448",
      "r476"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 8.0,
       "parentTag": "us-gaap_Assets",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 2.0,
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.",
        "label": "Restricted Cash",
        "terseLabel": "Restricted cash"
       }
      }
     },
     "localname": "RestrictedCash",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis": {
     "auth_ref": [
      "r21"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by category of cash or cash equivalent items which are restricted as to withdrawal or usage.",
        "label": "Restricted Cash and Cash Equivalents [Axis]",
        "terseLabel": "Restricted Cash and Cash Equivalents [Axis]"
       }
      }
     },
     "localname": "RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Type of cash and cash equivalent. Cash is currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.",
        "label": "Cash and Cash Equivalents [Domain]",
        "terseLabel": "Cash and Cash Equivalents [Domain]"
       }
      }
     },
     "localname": "RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RestrictedStockMember": {
     "auth_ref": [
      "r116"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Stock including a provision that prohibits sale or substantive sale of an equity instrument for a specified period of time or until specified performance conditions are met.",
        "label": "Restricted Stock [Member]",
        "terseLabel": "Restricted Stock"
       }
      }
     },
     "localname": "RestrictedStockMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_RetainedEarningsAccumulatedDeficit": {
     "auth_ref": [
      "r17",
      "r292",
      "r316",
      "r397",
      "r477",
      "r505",
      "r506"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 4.0,
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.",
        "label": "Retained Earnings (Accumulated Deficit)",
        "terseLabel": "Accumulated deficit"
       }
      }
     },
     "localname": "RetainedEarningsAccumulatedDeficit",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RetainedEarningsMember": {
     "auth_ref": [
      "r0",
      "r93",
      "r94",
      "r95",
      "r97",
      "r104",
      "r106",
      "r184",
      "r313",
      "r314",
      "r315",
      "r324",
      "r325",
      "r361",
      "r502",
      "r504"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.",
        "label": "Retained Earnings [Member]",
        "terseLabel": "Accumulated Deficit"
       }
      }
     },
     "localname": "RetainedEarningsMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_Revenues": {
     "auth_ref": [
      "r46",
      "r88",
      "r136",
      "r137",
      "r150",
      "r156",
      "r157",
      "r164",
      "r165",
      "r168",
      "r181",
      "r222",
      "r223",
      "r224",
      "r227",
      "r228",
      "r229",
      "r231",
      "r233",
      "r235",
      "r236",
      "r365",
      "r467"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 1.0,
       "parentTag": "us-gaap_ProfitLoss",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).",
        "label": "Revenues",
        "terseLabel": "Revenues",
        "totalLabel": "Total revenues",
        "verboseLabel": "Total Revenues"
       }
      }
     },
     "localname": "Revenues",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_RevenuesAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Revenues [Abstract]",
        "terseLabel": "Revenues [Abstract]"
       }
      }
     },
     "localname": "RevenuesAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_RevolvingCreditFacilityMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount.",
        "label": "Revolving Credit Facility [Member]",
        "terseLabel": "Revolving Credit Facility"
       }
      }
     },
     "localname": "RevolvingCreditFacilityMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense": {
     "auth_ref": [
      "r536"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of depreciation expense of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense",
        "negatedTerseLabel": "Accumulated depreciation"
       }
      }
     },
     "localname": "SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationRollforwardDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements": {
     "auth_ref": [
      "r529"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of building and improvement costs capitalized since acquisition for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements",
        "terseLabel": "Cost Capitalized Subsequent to Acquisition, Building and Building Improvements"
       }
      }
     },
     "localname": "SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand": {
     "auth_ref": [
      "r529"
     ],
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of land costs capitalized since acquisition for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.",
        "label": "SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land",
        "terseLabel": "Costs Capitalized Subsequent to Acquisition, Land and Land Improvements"
       }
      }
     },
     "localname": "SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ScheduleIIIRealEstateandAccumulatedDepreciationDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SaleOfStockNameOfTransactionDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Sale of the entity's stock, including, but not limited to, initial public offering (IPO) and private placement.",
        "label": "Sale of Stock [Domain]",
        "terseLabel": "Sale of Stock [Domain]"
       }
      }
     },
     "localname": "SaleOfStockNameOfTransactionDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The number of shares issued or sold by the subsidiary or equity method investee per stock transaction.",
        "label": "Sale of Stock, Number of Shares Issued in Transaction",
        "terseLabel": "Shares sold"
       }
      }
     },
     "localname": "SaleOfStockNumberOfSharesIssuedInTransaction",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable": {
     "auth_ref": [
      "r31"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule itemizing specific types of trade accounts and notes receivable, and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.",
        "label": "Schedule of Accounts, Notes, Loans and Financing Receivable [Table]",
        "terseLabel": "Schedule of Accounts, Notes, Loans and Financing Receivable [Table]"
       }
      }
     },
     "localname": "ScheduleOfAccountsNotesLoansAndFinancingReceivableTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansSecuritiesDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.",
        "label": "Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]",
        "terseLabel": "Schedule of Accounts Payable and Accrued Liabilities"
       }
      }
     },
     "localname": "ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock": {
     "auth_ref": [
      "r199"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.",
        "label": "Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]",
        "terseLabel": "Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets"
       }
      }
     },
     "localname": "ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfCapitalizationEquityLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Schedule of Capitalization, Equity [Line Items]",
        "terseLabel": "Schedule of Capitalization, Equity [Line Items]"
       }
      }
     },
     "localname": "ScheduleOfCapitalizationEquityLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfCapitalizationEquityTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Summarization of information required and determined to be disclosed concerning the equity component of the capitalization of the entity. The table may be detailed by subsidiary (legal entity) (if applicable) and include information by component of equity as may be included in the Statement of Changes in Shareholders' Equity.",
        "label": "Schedule of Capitalization, Equity [Table]",
        "terseLabel": "Schedule of Capitalization, Equity [Table]"
       }
      }
     },
     "localname": "ScheduleOfCapitalizationEquityTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfCapitalizationTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the capitalization of the entity comprised of its long-term debt and equity instruments. The table may be detailed by subsidiary (legal entity) and include information by type of debt or equity detailed by instrument.",
        "label": "Schedule of Capitalization [Table Text Block]",
        "terseLabel": "Summary of Classes of Common Stock Authorized"
       }
      }
     },
     "localname": "ScheduleOfCapitalizationTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the change in common stock outstanding.",
        "label": "Schedule of Common Stock Outstanding Roll Forward [Table Text Block]",
        "terseLabel": "Schedule of Common Stock Outstanding Roll Forward"
       }
      }
     },
     "localname": "ScheduleOfCommonStockOutstandingRollForwardTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfDebtInstrumentsTextBlock": {
     "auth_ref": [
      "r27",
      "r91",
      "r257",
      "r259",
      "r286",
      "r289",
      "r290",
      "r291",
      "r375",
      "r376",
      "r379",
      "r469"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.",
        "label": "Schedule of Long-term Debt Instruments [Table Text Block]",
        "terseLabel": "Schedule of Long-term Debt Instruments [Table Text Block]"
       }
      }
     },
     "localname": "ScheduleOfDebtInstrumentsTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfEquityMethodInvestmentsLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Schedule of Equity Method Investments [Line Items]",
        "terseLabel": "Schedule of Equity Method Investments [Line Items]"
       }
      }
     },
     "localname": "ScheduleOfEquityMethodInvestmentsLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfEquityMethodInvestmentsTable": {
     "auth_ref": [
      "r3",
      "r88",
      "r180",
      "r181",
      "r365"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Summarization of information required and determined to be disclosed concerning equity method investments in common stock. The summarized information includes: (a) the name of each investee or group of investees for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.",
        "label": "Schedule of Equity Method Investments [Table]",
        "terseLabel": "Schedule of Equity Method Investments [Table]"
       }
      }
     },
     "localname": "ScheduleOfEquityMethodInvestmentsTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable": {
     "auth_ref": [
      "r199",
      "r202",
      "r434"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.",
        "label": "Schedule of Finite-Lived Intangible Assets [Table]",
        "terseLabel": "Schedule of Finite-Lived Intangible Assets [Table]"
       }
      }
     },
     "localname": "ScheduleOfFiniteLivedIntangibleAssetsTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesGrossCarryingAmountandAccumulatedAmortizationofIntangibleAssetsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock": {
     "auth_ref": [
      "r383"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.",
        "label": "Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]",
        "terseLabel": "Schedule of Future Minimum Rental Payments for Operating Leases"
       }
      }
     },
     "localname": "ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/FiveYearMinimumRentalPaymentsTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock": {
     "auth_ref": [
      "r220"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of maturity and sinking fund requirement for long-term debt.",
        "label": "Schedule of Maturities of Long-term Debt [Table Text Block]",
        "terseLabel": "Schedule of Maturities of Long-term Debt [Table Text Block]"
       }
      }
     },
     "localname": "ScheduleOfMaturitiesOfLongTermDebtTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfPropertyPlantAndEquipmentTable": {
     "auth_ref": [
      "r23",
      "r208"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of information about physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.",
        "label": "Property, Plant and Equipment [Table]",
        "terseLabel": "Property, Plant and Equipment [Table]"
       }
      }
     },
     "localname": "ScheduleOfPropertyPlantAndEquipmentTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.",
        "label": "Schedule of Real Estate Properties [Table Text Block]",
        "terseLabel": "Schedule of Real Estate Properties [Table Text Block]"
       }
      }
     },
     "localname": "ScheduleOfRealEstatePropertiesTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable": {
     "auth_ref": [
      "r389",
      "r390"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule of quantitative and qualitative information pertaining to related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.",
        "label": "Schedule of Related Party Transactions, by Related Party [Table]",
        "terseLabel": "Schedule of Related Party Transactions, by Related Party [Table]"
       }
      }
     },
     "localname": "ScheduleOfRelatedPartyTransactionsByRelatedPartyTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/RelatedPartyTransactionsDuetoAffiliateDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable": {
     "auth_ref": [
      "r145",
      "r148",
      "r154",
      "r197"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A table disclosing the profit or loss and total assets for each reportable segment of the entity. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.",
        "label": "Schedule of Segment Reporting Information, by Segment [Table]",
        "terseLabel": "Schedule of Segment Reporting Information, by Segment [Table]"
       }
      }
     },
     "localname": "ScheduleOfSegmentReportingInformationBySegmentTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock": {
     "auth_ref": [
      "r145",
      "r148",
      "r154",
      "r197"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.",
        "label": "Schedule of Segment Reporting Information, by Segment [Table Text Block]",
        "terseLabel": "Schedule of Segment Reporting Information, by Segment"
       }
      }
     },
     "localname": "ScheduleOfSegmentReportingInformationBySegmentTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleOfStockByClassTable": {
     "auth_ref": [
      "r29",
      "r85",
      "r120",
      "r121",
      "r261",
      "r267",
      "r268",
      "r269",
      "r270",
      "r271",
      "r272",
      "r274",
      "r278",
      "r283",
      "r286",
      "r287",
      "r288",
      "r289",
      "r290",
      "r291",
      "r292"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule detailing information related to equity by class of stock. Class of stock includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. It also includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity.",
        "label": "Schedule of Stock by Class [Table]",
        "terseLabel": "Schedule of Stock by Class [Table]"
       }
      }
     },
     "localname": "ScheduleOfStockByClassTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_ScheduleOfStockByClassTextBlock": {
     "auth_ref": [
      "r12",
      "r13",
      "r14",
      "r262",
      "r267",
      "r268",
      "r286",
      "r287",
      "r288",
      "r289",
      "r290",
      "r291",
      "r292"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information.  Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.",
        "label": "Schedule of Stock by Class [Table Text Block]",
        "terseLabel": "Schedule of Stock by Class"
       }
      }
     },
     "localname": "ScheduleOfStockByClassTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock": {
     "auth_ref": [
      "r202"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.",
        "label": "Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]",
        "terseLabel": "Schedule of Finite-Lived Intangible Assets, Future Amortization Expense"
       }
      }
     },
     "localname": "ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/IntangiblesTables"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_SecuredDebtMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Collateralized debt obligation backed by, for example, but not limited to, pledge, mortgage or other lien on the entity's assets.",
        "label": "Secured Debt [Member]",
        "terseLabel": "Secured Debt"
       }
      }
     },
     "localname": "SecuredDebtMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember": {
     "auth_ref": [
      "r358"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fixed rate on U.S. dollar, constant-notional interest rate swap that has its variable-rate leg referenced to Secured Overnight Financing Rate (SOFR) with no additional spread over SOFR on variable-rate leg.",
        "label": "Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]",
        "terseLabel": "Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate"
       }
      }
     },
     "localname": "SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SecurityDepositLiability": {
     "auth_ref": [
      "r486"
     ],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 4.0,
       "parentTag": "oak_AccountsPayableAccruedExpensesAndOtherLiabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This element represents money paid in advance to protect the provider of a product or service, such as a lessor, against damage or nonpayment by the buyer or tenant (lessee) during the term of the agreement. Such damages may include physical damage to the property, theft of property, and other contractual breaches. Security deposits held may be interest or noninterest bearing.",
        "label": "Security Deposit Liability",
        "terseLabel": "Tenant security deposits"
       }
      }
     },
     "localname": "SecurityDepositLiability",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_SegmentDomain": {
     "auth_ref": [
      "r132",
      "r136",
      "r137",
      "r138",
      "r139",
      "r140",
      "r141",
      "r142",
      "r143",
      "r144",
      "r145",
      "r146",
      "r147",
      "r150",
      "r151",
      "r152",
      "r153",
      "r155",
      "r156",
      "r157",
      "r158",
      "r159",
      "r161",
      "r168",
      "r213",
      "r214",
      "r498"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity.",
        "label": "Segments [Domain]",
        "terseLabel": "Segments [Domain]"
       }
      }
     },
     "localname": "SegmentDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SegmentOperatingActivitiesDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Operations of an entity including continuing and discontinued operations.",
        "label": "Operating Activities [Domain]",
        "terseLabel": "Operating Activities [Domain]"
       }
      }
     },
     "localname": "SegmentOperatingActivitiesDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SegmentReportingAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Segment Reporting [Abstract]",
        "terseLabel": "Segment Reporting [Abstract]"
       }
      }
     },
     "localname": "SegmentReportingAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_SegmentReportingDisclosureTextBlock": {
     "auth_ref": [
      "r132",
      "r134",
      "r135",
      "r145",
      "r149",
      "r155",
      "r159",
      "r160",
      "r161",
      "r162",
      "r164",
      "r167",
      "r168",
      "r169"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.",
        "label": "Segment Reporting Disclosure [Text Block]",
        "terseLabel": "Segment Reporting"
       }
      }
     },
     "localname": "SegmentReportingDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReporting"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_SegmentReportingInformationLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Segment Reporting Information [Line Items]",
        "terseLabel": "Segment Reporting Information [Line Items]"
       }
      }
     },
     "localname": "SegmentReportingInformationLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_SeniorNotes": {
     "auth_ref": [
      "r459",
      "r487"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders.",
        "label": "Senior Notes",
        "terseLabel": "Senior Notes"
       }
      }
     },
     "localname": "SeniorNotes",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": {
     "auth_ref": [
      "r306",
      "r309"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Award under share-based payment arrangement.",
        "label": "Award Type [Domain]",
        "terseLabel": "Award Type [Domain]"
       }
      }
     },
     "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy": {
     "auth_ref": [
      "r308",
      "r310"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy for award under share-based payment arrangement. Includes, but is not limited to, methodology and assumption used in measuring cost.",
        "label": "Share-based Payment Arrangement [Policy Text Block]",
        "terseLabel": "Share-based Compensation"
       }
      }
     },
     "localname": "ShareBasedCompensationOptionAndIncentivePlansPolicy",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_SharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of shares issued which are neither cancelled nor held in the treasury.",
        "label": "Shares, Outstanding",
        "periodEndLabel": "Ending Balance (in shares)",
        "periodStartLabel": "Beginning Balance (in shares)"
       }
      }
     },
     "localname": "SharesOutstanding",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_SignificantAccountingPoliciesTextBlock": {
     "auth_ref": [
      "r84",
      "r92"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for all significant accounting policies of the reporting entity.",
        "label": "Significant Accounting Policies [Text Block]",
        "terseLabel": "Summary of Significant Accounting Policies"
       }
      }
     },
     "localname": "SignificantAccountingPoliciesTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_StatementBusinessSegmentsAxis": {
     "auth_ref": [
      "r2",
      "r132",
      "r136",
      "r137",
      "r138",
      "r139",
      "r140",
      "r141",
      "r142",
      "r143",
      "r144",
      "r145",
      "r146",
      "r147",
      "r150",
      "r151",
      "r152",
      "r153",
      "r155",
      "r156",
      "r157",
      "r158",
      "r159",
      "r161",
      "r168",
      "r197",
      "r211",
      "r213",
      "r214",
      "r498"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by business segments.",
        "label": "Segments [Axis]",
        "terseLabel": "Segments [Axis]"
       }
      }
     },
     "localname": "StatementBusinessSegmentsAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementClassOfStockAxis": {
     "auth_ref": [
      "r12",
      "r13",
      "r14",
      "r85",
      "r88",
      "r109",
      "r110",
      "r111",
      "r113",
      "r115",
      "r120",
      "r121",
      "r122",
      "r181",
      "r222",
      "r227",
      "r228",
      "r229",
      "r235",
      "r236",
      "r269",
      "r270",
      "r274",
      "r278",
      "r285",
      "r365",
      "r552"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by the different classes of stock of the entity.",
        "label": "Class of Stock [Axis]",
        "terseLabel": "Class of Stock [Axis]"
       }
      }
     },
     "localname": "StatementClassOfStockAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/CapitalizationSummaryofClassesofCommonStockAuthorizedDetail",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/DocumentandEntityInformation",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityDividendsDetails",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails",
      "http://www.oaktree.com/role/StockholdersEquityStockbyClassDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementEquityComponentsAxis": {
     "auth_ref": [
      "r0",
      "r30",
      "r42",
      "r43",
      "r44",
      "r93",
      "r94",
      "r95",
      "r97",
      "r104",
      "r106",
      "r119",
      "r184",
      "r285",
      "r292",
      "r313",
      "r314",
      "r315",
      "r324",
      "r325",
      "r361",
      "r367",
      "r368",
      "r369",
      "r370",
      "r371",
      "r372",
      "r502",
      "r503",
      "r504",
      "r589"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by component of equity.",
        "label": "Equity Components [Axis]",
        "terseLabel": "Equity Components [Axis]"
       }
      }
     },
     "localname": "StatementEquityComponentsAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Statement [Line Items]",
        "terseLabel": "Statement [Line Items]"
       }
      }
     },
     "localname": "StatementLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementOfCashFlowsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement of Cash Flows [Abstract]",
        "terseLabel": "Statement of Cash Flows [Abstract]"
       }
      }
     },
     "localname": "StatementOfCashFlowsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementOfFinancialPositionAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement of Financial Position [Abstract]",
        "terseLabel": "Statement of Financial Position [Abstract]"
       }
      }
     },
     "localname": "StatementOfFinancialPositionAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementOperatingActivitiesSegmentAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by continuing and discontinuing operations.",
        "label": "Operating Activities [Axis]",
        "terseLabel": "Operating Activities [Axis]"
       }
      }
     },
     "localname": "StatementOperatingActivitiesSegmentAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementTable": {
     "auth_ref": [
      "r93",
      "r94",
      "r95",
      "r119",
      "r433"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed.",
        "label": "Statement [Table]",
        "terseLabel": "Statement [Table]"
       }
      }
     },
     "localname": "StatementTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StockIssuedDuringPeriodSharesIssuedForServices": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.",
        "label": "Stock Issued During Period, Shares, Issued for Services",
        "terseLabel": "Stock Issued During Period, Shares, Issued for Services"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodSharesIssuedForServices",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_StockIssuedDuringPeriodSharesNewIssues": {
     "auth_ref": [
      "r13",
      "r14",
      "r285",
      "r292"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of new stock issued during the period.",
        "label": "Stock Issued During Period, Shares, New Issues",
        "terseLabel": "Common stock issued (in shares)"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodSharesNewIssues",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures": {
     "auth_ref": [
      "r13",
      "r14",
      "r285",
      "r292"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited.",
        "label": "Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures",
        "terseLabel": "Independent directors' restricted stock vested (in shares)"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquityOutstandingStockRollforwardDetails"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation": {
     "auth_ref": [
      "r13",
      "r14",
      "r285",
      "r292"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number, after forfeiture, of shares or units issued under share-based payment arrangement. Excludes shares or units issued under employee stock ownership plan (ESOP).",
        "label": "Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture",
        "terseLabel": "Share-based compensation (in shares)"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodSharesShareBasedCompensation",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_StockIssuedDuringPeriodValueNewIssues": {
     "auth_ref": [
      "r13",
      "r14",
      "r285",
      "r292"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.",
        "label": "Stock Issued During Period, Value, New Issues",
        "terseLabel": "Offering of common stock",
        "verboseLabel": "Common stock issued, value"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodValueNewIssues",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation": {
     "auth_ref": [
      "r13",
      "r14",
      "r292",
      "r307",
      "r311"
     ],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Value, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP).",
        "label": "Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture",
        "terseLabel": "Stock-based compensation"
       }
      }
     },
     "localname": "StockIssuedDuringPeriodValueShareBasedCompensation",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockRepurchasedDuringPeriodShares": {
     "auth_ref": [
      "r13",
      "r14",
      "r285",
      "r292"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.",
        "label": "Stock Repurchased During Period, Shares",
        "terseLabel": "Stock Repurchased During Period, Shares"
       }
      }
     },
     "localname": "StockRepurchasedDuringPeriodShares",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/StockholdersEquityAdditionalInformationDetail"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_StockholdersEquity": {
     "auth_ref": [
      "r14",
      "r18",
      "r19",
      "r88",
      "r171",
      "r181",
      "r365",
      "r397"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 3.0,
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.",
        "label": "Stockholders' Equity Attributable to Parent",
        "totalLabel": "Total Stockholders\u2019 Equity"
       }
      }
     },
     "localname": "StockholdersEquity",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockholdersEquityAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Stockholders' Equity Attributable to Parent [Abstract]",
        "terseLabel": "Stockholders' Equity Attributable to Parent [Abstract]"
       }
      }
     },
     "localname": "StockholdersEquityAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest": {
     "auth_ref": [
      "r0",
      "r1",
      "r43",
      "r88",
      "r93",
      "r94",
      "r95",
      "r97",
      "r104",
      "r181",
      "r184",
      "r292",
      "r313",
      "r314",
      "r315",
      "r324",
      "r325",
      "r328",
      "r329",
      "r339",
      "r361",
      "r365",
      "r367",
      "r368",
      "r372",
      "r503",
      "r504",
      "r589"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets": {
       "order": 1.0,
       "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.",
        "label": "Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest",
        "periodEndLabel": "Ending Balance",
        "periodStartLabel": "Beginning Balance",
        "terseLabel": "Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest",
        "totalLabel": "Total Equity",
        "verboseLabel": "Total Equity"
       }
      }
     },
     "localname": "StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedStatementsofChangesinStockholdersEquityDeficit",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesSummarizedFinancialInformationofUnconsolidatedJointVentureDetails",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_StockholdersEquityNoteDisclosureTextBlock": {
     "auth_ref": [
      "r86",
      "r270",
      "r273",
      "r274",
      "r275",
      "r276",
      "r277",
      "r278",
      "r279",
      "r280",
      "r281",
      "r282",
      "r284",
      "r292",
      "r295"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.",
        "label": "Stockholders' Equity Note Disclosure [Text Block]",
        "terseLabel": "Stockholder's Equity"
       }
      }
     },
     "localname": "StockholdersEquityNoteDisclosureTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/StockholdersEquity"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_SubsequentEventLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.",
        "label": "Subsequent Event [Line Items]",
        "terseLabel": "Subsequent Event [Line Items]"
       }
      }
     },
     "localname": "SubsequentEventLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_SubsequentEventMember": {
     "auth_ref": [
      "r373",
      "r399"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Identifies event that occurred after the balance sheet date but before financial statements are issued or available to be issued.",
        "label": "Subsequent Event [Member]",
        "terseLabel": "Subsequent Event"
       }
      }
     },
     "localname": "SubsequentEventMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SubsequentEventTable": {
     "auth_ref": [
      "r373",
      "r399"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Discloses pertinent information about one or more significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued.",
        "label": "Subsequent Event [Table]",
        "terseLabel": "Subsequent Event [Table]"
       }
      }
     },
     "localname": "SubsequentEventTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_SubsequentEventTypeAxis": {
     "auth_ref": [
      "r373",
      "r399"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by event that occurred after the balance sheet date but before financial statements are issued or available to be issued.",
        "label": "Subsequent Event Type [Axis]",
        "terseLabel": "Subsequent Event Type [Axis]"
       }
      }
     },
     "localname": "SubsequentEventTypeAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_SubsequentEventTypeDomain": {
     "auth_ref": [
      "r373",
      "r399"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Event that occurred after the balance sheet date but before financial statements are issued or available to be issued.",
        "label": "Subsequent Event Type [Domain]",
        "terseLabel": "Subsequent Event Type [Domain]"
       }
      }
     },
     "localname": "SubsequentEventTypeDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstateNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinUnconsolidatedEntitiesDetails",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_SubsequentEventsAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Subsequent Events [Abstract]",
        "terseLabel": "Subsequent Events [Abstract]"
       }
      }
     },
     "localname": "SubsequentEventsAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "xbrltype": "stringItemType"
    },
    "us-gaap_SubsequentEventsTextBlock": {
     "auth_ref": [
      "r398",
      "r400"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.",
        "label": "Subsequent Events [Text Block]",
        "terseLabel": "Subsequent Events"
       }
      }
     },
     "localname": "SubsequentEventsTextBlock",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SubsequentEvents"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_SubsidiarySaleOfStockAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of sale of the entity's stock.",
        "label": "Sale of Stock [Axis]",
        "terseLabel": "Sale of Stock [Axis]"
       }
      }
     },
     "localname": "SubsidiarySaleOfStockAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_SupplementalCashFlowInformationAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Supplemental Cash Flow Information [Abstract]",
        "terseLabel": "Non-cash investing and financing activities:"
       }
      }
     },
     "localname": "SupplementalCashFlowInformationAbstract",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_TaxesPayableCurrentAndNoncurrent": {
     "auth_ref": [
      "r10",
      "r452",
      "r474"
     ],
     "calculation": {
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": {
       "order": 8.0,
       "parentTag": "oak_AccountsPayableAccruedExpensesAndOtherLiabilities",
       "weight": 1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes.",
        "label": "Taxes Payable",
        "terseLabel": "Real estate taxes payable"
       }
      }
     },
     "localname": "TaxesPayableCurrentAndNoncurrent",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_TenantImprovements": {
     "auth_ref": [
      "r483"
     ],
     "calculation": {
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails": {
       "order": 4.0,
       "parentTag": "oak_RealEstateInvestmentsGross",
       "weight": 1.0
      }
     },
     "crdr": "debit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Carrying amount as of the balance sheet date of improvements having a life longer than one year that were made for the benefit of one or more tenants.",
        "label": "Tenant Improvements",
        "terseLabel": "Tenant Improvements"
       }
      }
     },
     "localname": "TenantImprovements",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentsinRealEstatePurchasePriceAllocationDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRealEstateInvestmentsDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": {
     "auth_ref": [
      "r173",
      "r174",
      "r175",
      "r176",
      "r177",
      "r254",
      "r283",
      "r360",
      "r401",
      "r402",
      "r403",
      "r404",
      "r405",
      "r406",
      "r407",
      "r408",
      "r409",
      "r410",
      "r411",
      "r412",
      "r413",
      "r414",
      "r415",
      "r416",
      "r417",
      "r418",
      "r419",
      "r420",
      "r421",
      "r422",
      "r423",
      "r424",
      "r425",
      "r426",
      "r427",
      "r428",
      "r429",
      "r430",
      "r552",
      "r553",
      "r554",
      "r555",
      "r556",
      "r557",
      "r558"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms.",
        "label": "Financial Instruments [Domain]",
        "terseLabel": "Financial Instruments [Domain]"
       }
      }
     },
     "localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/OrganizationandBusinessPurposeAdditionalInformationDetail",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_UnrealizedGainLossOnInvestments": {
     "auth_ref": [
      "r75"
     ],
     "calculation": {
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations": {
       "order": 4.0,
       "parentTag": "us-gaap_NonoperatingIncomeExpense",
       "weight": 1.0
      },
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows": {
       "order": 15.0,
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0
      }
     },
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Amount of unrealized gain (loss) on investment.",
        "label": "Unrealized Gain (Loss) on Investments",
        "negatedTerseLabel": "Unrealized gain on investments",
        "terseLabel": "Unrealized gain on investments, net"
       }
      }
     },
     "localname": "UnrealizedGainLossOnInvestments",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/SegmentReportingDetails"
     ],
     "xbrltype": "monetaryItemType"
    },
    "us-gaap_UseOfEstimates": {
     "auth_ref": [
      "r124",
      "r125",
      "r126",
      "r127",
      "r128",
      "r129",
      "r130"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.",
        "label": "Use of Estimates, Policy [Policy Text Block]",
        "terseLabel": "Use of Estimates"
       }
      }
     },
     "localname": "UseOfEstimates",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "xbrltype": "textBlockItemType"
    },
    "us-gaap_VariableInterestEntityPrimaryBeneficiaryMember": {
     "auth_ref": [
      "r331",
      "r332",
      "r336",
      "r337",
      "r338"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Variable Interest Entities (VIE) in which the entity has a controlling financial interest (as defined) and of which it is therefore the primary beneficiary. A controlling financial interest is determined based on both: (a) the entity's power to direct activities of the VIE that most significantly impact the VIE's economic performance and (b) the entity's obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. VIEs of which the entity is the primary beneficiary are included in the consolidated financial statements of the entity.",
        "label": "Variable Interest Entity, Primary Beneficiary [Member]",
        "terseLabel": "Variable Interest Entity, Primary Beneficiary"
       }
      }
     },
     "localname": "VariableInterestEntityPrimaryBeneficiaryMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConsolidatedBalanceSheets",
      "http://www.oaktree.com/role/ConsolidatedStatementsofCashFlows",
      "http://www.oaktree.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetail"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_VariableRateAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Information by type of variable rate.",
        "label": "Variable Rate [Axis]",
        "terseLabel": "Variable Rate [Axis]"
       }
      }
     },
     "localname": "VariableRateAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_VariableRateDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Interest rate that fluctuates over time as a result of an underlying benchmark interest rate or index.",
        "label": "Variable Rate [Domain]",
        "terseLabel": "Variable Rate [Domain]"
       }
      }
     },
     "localname": "VariableRateDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/InvestmentinRealEstateRelatedLoanandSecuritiesFloatingRateCMBSDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansNarrativeDetails",
      "http://www.oaktree.com/role/InvestmentsinRealEstateRelatedLoansScheduleOfRealEstateRelatedNotesDetails",
      "http://www.oaktree.com/role/MortgageLoansDetails",
      "http://www.oaktree.com/role/MortgageLoansScheduleofMortgageLoansDetails",
      "http://www.oaktree.com/role/RelatedPartyTransactionsAdditionalInformationDetail",
      "http://www.oaktree.com/role/SubsequentEventsDetails"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": {
     "auth_ref": [
      "r108",
      "r115"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.",
        "label": "Weighted Average Number of Shares Outstanding, Diluted",
        "terseLabel": "Weighted average number of shares outstanding, diluted (in shares)"
       }
      }
     },
     "localname": "WeightedAverageNumberOfDilutedSharesOutstanding",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "sharesItemType"
    },
    "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": {
     "auth_ref": [
      "r107",
      "r115"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.",
        "label": "Weighted Average Number of Shares Outstanding, Basic",
        "terseLabel": "Weighted average number of shares outstanding, basic (in shares)"
       }
      }
     },
     "localname": "WeightedAverageNumberOfSharesOutstandingBasic",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://www.oaktree.com/role/ConolidatedStatementsofOperations"
     ],
     "xbrltype": "sharesItemType"
    }
   },
   "unitCount": 12
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "105",
   "URI": "http://asc.fasb.org/extlink&oid=124434974&loc=SL124442142-165695"
  },
  "r1": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "105",
   "URI": "http://asc.fasb.org/extlink&oid=124434974&loc=SL124442142-165695"
  },
  "r10": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(20))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r100": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=SL124452830-107794"
  },
  "r101": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794"
  },
  "r102": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794"
  },
  "r103": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794"
  },
  "r104": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794"
  },
  "r105": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794"
  },
  "r106": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794"
  },
  "r107": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1448-109256"
  },
  "r108": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "16",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1505-109256"
  },
  "r109": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256"
  },
  "r11": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(22))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r110": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1278-109256"
  },
  "r111": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "55",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e2626-109256"
  },
  "r112": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "60B",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256"
  },
  "r113": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "60B",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256"
  },
  "r114": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256"
  },
  "r115": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257"
  },
  "r116": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257"
  },
  "r117": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258"
  },
  "r118": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "52",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "260",
   "URI": "http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258"
  },
  "r119": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "272",
   "URI": "http://asc.fasb.org/extlink&oid=125520817&loc=d3e70191-108054"
  },
  "r12": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(27))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r120": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "272",
   "URI": "http://asc.fasb.org/extlink&oid=125520817&loc=d3e70229-108054"
  },
  "r121": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "272",
   "URI": "http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055"
  },
  "r122": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "272",
   "URI": "http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055"
  },
  "r123": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592"
  },
  "r124": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592"
  },
  "r125": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592"
  },
  "r126": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592"
  },
  "r127": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592"
  },
  "r128": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592"
  },
  "r129": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592"
  },
  "r13": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(28))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r130": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "275",
   "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592"
  },
  "r131": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "275",
   "URI": "http://asc.fasb.org/topic&trid=2134479"
  },
  "r132": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599"
  },
  "r133": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "18",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8672-108599"
  },
  "r134": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "21",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599"
  },
  "r135": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "21",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599"
  },
  "r136": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r137": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r138": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r139": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r14": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(29))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r140": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r141": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r142": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(g)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r143": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(h)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r144": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(j)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r145": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599"
  },
  "r146": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599"
  },
  "r147": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599"
  },
  "r148": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599"
  },
  "r149": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "26",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599"
  },
  "r15": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(3))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r150": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599"
  },
  "r151": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599"
  },
  "r152": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599"
  },
  "r153": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599"
  },
  "r154": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "30",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599"
  },
  "r155": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "31",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599"
  },
  "r156": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599"
  },
  "r157": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599"
  },
  "r158": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599"
  },
  "r159": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599"
  },
  "r16": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(30)(a)(1))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r160": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599"
  },
  "r161": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "32",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599"
  },
  "r162": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "34",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599"
  },
  "r163": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8475-108599"
  },
  "r164": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "40",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599"
  },
  "r165": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "41",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599"
  },
  "r166": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "41",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599"
  },
  "r167": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "41",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599"
  },
  "r168": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "42",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "280",
   "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599"
  },
  "r169": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "280",
   "URI": "http://asc.fasb.org/topic&trid=2134510"
  },
  "r17": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(30)(a)(3))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r170": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=123577603&loc=d3e5074-111524"
  },
  "r171": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 4.E)",
   "Topic": "310",
   "URI": "http://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707"
  },
  "r172": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=123581744&loc=d3e27198-111563"
  },
  "r173": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=123581744&loc=d3e27232-111563"
  },
  "r174": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "320",
   "URI": "http://asc.fasb.org/extlink&oid=123581744&loc=SL120269820-111563"
  },
  "r175": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "321",
   "URI": "http://asc.fasb.org/extlink&oid=123583765&loc=SL75117539-209714"
  },
  "r176": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "321",
   "URI": "http://asc.fasb.org/extlink&oid=123583765&loc=SL75117539-209714"
  },
  "r177": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "321",
   "URI": "http://asc.fasb.org/extlink&oid=123583765&loc=SL75117539-209714"
  },
  "r178": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "321",
   "URI": "http://asc.fasb.org/extlink&oid=123583765&loc=SL75117546-209714"
  },
  "r179": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)(1)",
   "Topic": "323",
   "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571"
  },
  "r18": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(30))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r180": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)(b)",
   "Topic": "323",
   "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571"
  },
  "r181": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "323",
   "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571"
  },
  "r182": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "323",
   "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571"
  },
  "r183": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "323",
   "URI": "http://asc.fasb.org/topic&trid=2196965"
  },
  "r184": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=122640432&loc=SL121648383-210437"
  },
  "r185": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124255206&loc=SL82895884-210446"
  },
  "r186": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124255953&loc=SL82919244-210447"
  },
  "r187": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447"
  },
  "r188": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(f)",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447"
  },
  "r189": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447"
  },
  "r19": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(31))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r190": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447"
  },
  "r191": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "16",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124255953&loc=SL82919258-210447"
  },
  "r192": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447"
  },
  "r193": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455"
  },
  "r194": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124269663&loc=SL82922895-210455"
  },
  "r195": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=124269663&loc=SL82922900-210455"
  },
  "r196": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "30",
   "Topic": "326",
   "URI": "http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456"
  },
  "r197": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267"
  },
  "r198": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16212-109274"
  },
  "r199": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275"
  },
  "r2": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)",
   "Topic": "205",
   "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760"
  },
  "r20": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(32))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r200": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(d)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275"
  },
  "r201": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "((a)(1),(b))",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r202": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r203": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)(1)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r204": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)(3)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r205": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(d)",
   "Topic": "350",
   "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275"
  },
  "r206": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "350",
   "URI": "http://asc.fasb.org/topic&trid=2144416"
  },
  "r207": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229"
  },
  "r208": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229"
  },
  "r209": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230"
  },
  "r21": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.1)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r210": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230"
  },
  "r211": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "360",
   "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230"
  },
  "r212": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "420",
   "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869"
  },
  "r213": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "420",
   "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869"
  },
  "r214": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 5.P.4(d))",
   "Topic": "420",
   "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747"
  },
  "r215": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "440",
   "URI": "http://asc.fasb.org/extlink&oid=123406679&loc=d3e25336-109308"
  },
  "r216": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "440",
   "URI": "http://asc.fasb.org/extlink&oid=123406679&loc=d3e25336-109308"
  },
  "r217": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "440",
   "URI": "http://asc.fasb.org/topic&trid=2144648"
  },
  "r218": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "450",
   "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14326-108349"
  },
  "r219": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "450",
   "URI": "http://asc.fasb.org/topic&trid=2127136"
  },
  "r22": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.13)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r220": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601"
  },
  "r221": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123465755&loc=SL6230698-112601"
  },
  "r222": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-01(a)(4)(i))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756"
  },
  "r223": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-01(a)(4)(ii))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756"
  },
  "r224": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-01(a)(4)(iii)(A))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756"
  },
  "r225": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-01(a)(4)(iii)(B))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756"
  },
  "r226": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-01(a)(4)(iii))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756"
  },
  "r227": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-01(a)(4)(iv))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756"
  },
  "r228": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-01(a)(5))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756"
  },
  "r229": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-02(a)(4)(i))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756"
  },
  "r23": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.14)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r230": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(A)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756"
  },
  "r231": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(A))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756"
  },
  "r232": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(B)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756"
  },
  "r233": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(B))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756"
  },
  "r234": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(C))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756"
  },
  "r235": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-02(a)(4)(iv))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756"
  },
  "r236": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.13-02(a)(5))",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756"
  },
  "r237": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611"
  },
  "r238": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611"
  },
  "r239": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611"
  },
  "r24": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.19(b),22(b))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r240": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611"
  },
  "r241": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(e)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611"
  },
  "r242": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(f)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611"
  },
  "r243": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(h)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611"
  },
  "r244": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611"
  },
  "r245": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611"
  },
  "r246": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611"
  },
  "r247": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1E",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611"
  },
  "r248": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1E",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611"
  },
  "r249": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1E",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611"
  },
  "r25": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.19-26)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r250": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1F",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611"
  },
  "r251": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1F",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611"
  },
  "r252": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1F",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(1)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611"
  },
  "r253": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1F",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(2)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611"
  },
  "r254": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1I",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611"
  },
  "r255": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(1)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870"
  },
  "r256": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(3)",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870"
  },
  "r257": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "69B",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612"
  },
  "r258": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "69C",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612"
  },
  "r259": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "69E",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612"
  },
  "r26": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.22(a)(1))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r260": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "69F",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "470",
   "URI": "http://asc.fasb.org/extlink&oid=123466577&loc=SL123495745-112612"
  },
  "r261": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(CFRR 211.02)",
   "Topic": "480",
   "URI": "http://asc.fasb.org/extlink&oid=122040564&loc=d3e177068-122764"
  },
  "r262": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Topic": "480",
   "URI": "http://asc.fasb.org/extlink&oid=122040564&loc=d3e177068-122764"
  },
  "r263": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(12)(c)",
   "Topic": "480",
   "URI": "http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764"
  },
  "r264": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(16)(c)",
   "Topic": "480",
   "URI": "http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764"
  },
  "r265": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "14",
   "Topic": "480",
   "URI": "http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764"
  },
  "r266": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3A",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "15",
   "Topic": "480",
   "URI": "http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764"
  },
  "r267": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643"
  },
  "r268": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21553-112644"
  },
  "r269": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644"
  },
  "r27": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.22)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r270": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644"
  },
  "r271": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644"
  },
  "r272": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644"
  },
  "r273": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(g)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644"
  },
  "r274": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(h)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644"
  },
  "r275": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(i)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644"
  },
  "r276": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644"
  },
  "r277": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644"
  },
  "r278": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644"
  },
  "r279": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644"
  },
  "r28": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.25)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r280": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "16",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644"
  },
  "r281": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "18",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644"
  },
  "r282": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "18",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644"
  },
  "r283": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "18",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644"
  },
  "r284": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "18",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644"
  },
  "r285": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644"
  },
  "r286": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644"
  },
  "r287": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21484-112644"
  },
  "r288": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21488-112644"
  },
  "r289": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644"
  },
  "r29": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.28,29)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r290": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644"
  },
  "r291": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644"
  },
  "r292": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.3-04)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770"
  },
  "r293": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB TOPIC 4.F)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770"
  },
  "r294": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 4.F)",
   "Topic": "505",
   "URI": "http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770"
  },
  "r295": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "505",
   "URI": "http://asc.fasb.org/topic&trid=2208762"
  },
  "r296": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "606",
   "URI": "http://asc.fasb.org/extlink&oid=123360276&loc=SL49130531-203044"
  },
  "r297": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "606",
   "URI": "http://asc.fasb.org/extlink&oid=123360276&loc=SL49130532-203044"
  },
  "r298": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "606",
   "URI": "http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045"
  },
  "r299": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "606",
   "URI": "http://asc.fasb.org/extlink&oid=123351226&loc=SL49130549-203045"
  },
  "r3": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "205",
   "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760"
  },
  "r30": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.29-31)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r300": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "91",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "606",
   "URI": "http://asc.fasb.org/extlink&oid=123410239&loc=SL49130690-203046-203046"
  },
  "r301": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(i)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920"
  },
  "r302": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(d)(ii)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920"
  },
  "r303": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(n)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920"
  },
  "r304": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "80",
   "Subparagraph": "(d)",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947"
  },
  "r305": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "80",
   "Topic": "715",
   "URI": "http://asc.fasb.org/extlink&oid=35742348&loc=SL14450788-114948"
  },
  "r306": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901"
  },
  "r307": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901"
  },
  "r308": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901"
  },
  "r309": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a),(g)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r31": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.3,4)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r310": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b),(f)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r311": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)(1)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r312": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901"
  },
  "r313": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333"
  },
  "r314": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(f)(1)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333"
  },
  "r315": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(f)(2)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333"
  },
  "r316": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(g)(2)",
   "Topic": "718",
   "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333"
  },
  "r317": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=123427490&loc=d3e32247-109318"
  },
  "r318": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=123427490&loc=d3e32280-109318"
  },
  "r319": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "17",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319"
  },
  "r32": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.31)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r320": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "19",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319"
  },
  "r321": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32847-109319"
  },
  "r322": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319"
  },
  "r323": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319"
  },
  "r324": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(d)(2)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277"
  },
  "r325": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(d)(3)",
   "Topic": "740",
   "URI": "http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277"
  },
  "r326": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "30",
   "SubTopic": "30",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477"
  },
  "r327": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "30",
   "SubTopic": "30",
   "Topic": "805",
   "URI": "http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477"
  },
  "r328": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=123454820&loc=SL4568447-111683"
  },
  "r329": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "16",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=123454820&loc=SL4568740-111683"
  },
  "r33": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02.8)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r330": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "19",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=123454820&loc=SL4569616-111683"
  },
  "r331": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988"
  },
  "r332": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988"
  },
  "r333": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)(1)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684"
  },
  "r334": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)(2)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684"
  },
  "r335": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(1)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684"
  },
  "r336": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(bb)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685"
  },
  "r337": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685"
  },
  "r338": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685"
  },
  "r339": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4I",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=120409616&loc=SL4590271-111686"
  },
  "r34": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312"
  },
  "r340": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4J",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686"
  },
  "r341": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4K",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "810",
   "URI": "http://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686"
  },
  "r342": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959"
  },
  "r343": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959"
  },
  "r344": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959"
  },
  "r345": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959"
  },
  "r346": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959"
  },
  "r347": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959"
  },
  "r348": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959"
  },
  "r349": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959"
  },
  "r35": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313"
  },
  "r350": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)(1)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959"
  },
  "r351": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4B",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959"
  },
  "r352": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4C",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959"
  },
  "r353": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)(1)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5624177-113959"
  },
  "r354": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5624177-113959"
  },
  "r355": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4D",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=SL5624177-113959"
  },
  "r356": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959"
  },
  "r357": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959"
  },
  "r358": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6A",
   "Publisher": "FASB",
   "Section": "25",
   "SubTopic": "20",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=124256753&loc=SL5864739-113975"
  },
  "r359": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "25",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=121577467&loc=d3e76258-113986"
  },
  "r36": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "16",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226024-175313"
  },
  "r360": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "40",
   "Subparagraph": "(f)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=123477628&loc=d3e90205-114008"
  },
  "r361": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(e)(3)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011"
  },
  "r362": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(e)(4)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011"
  },
  "r363": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(f)",
   "Topic": "815",
   "URI": "http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011"
  },
  "r364": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "825",
   "URI": "http://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611"
  },
  "r365": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(f)",
   "Topic": "825",
   "URI": "http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612"
  },
  "r366": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "230",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=123444420&loc=d3e33268-110906"
  },
  "r367": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "17",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900"
  },
  "r368": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900"
  },
  "r369": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Subparagraph": "(b)",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900"
  },
  "r37": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "21",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226049-175313"
  },
  "r370": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Subparagraph": "(c)",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900"
  },
  "r371": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Subparagraph": "(d)",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900"
  },
  "r372": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901"
  },
  "r373": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "830",
   "URI": "http://asc.fasb.org/extlink&oid=6450520&loc=d3e32618-110901"
  },
  "r374": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391"
  },
  "r375": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399"
  },
  "r376": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399"
  },
  "r377": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399"
  },
  "r378": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629"
  },
  "r379": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "30",
   "Topic": "835",
   "URI": "http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400"
  },
  "r38": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "22",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "20",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313"
  },
  "r380": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "40",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Subparagraph": "(Note 3)",
   "Topic": "840",
   "URI": "http://asc.fasb.org/extlink&oid=123403562&loc=d3e38371-112697"
  },
  "r381": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "25",
   "SubTopic": "20",
   "Topic": "840",
   "URI": "http://asc.fasb.org/extlink&oid=123415192&loc=d3e39896-112707"
  },
  "r382": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(a)",
   "Topic": "840",
   "URI": "http://asc.fasb.org/extlink&oid=123406913&loc=d3e41502-112717"
  },
  "r383": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "840",
   "URI": "http://asc.fasb.org/extlink&oid=123406913&loc=d3e41502-112717"
  },
  "r384": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "840",
   "URI": "http://asc.fasb.org/topic&trid=2208923"
  },
  "r385": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864"
  },
  "r386": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864"
  },
  "r387": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864"
  },
  "r388": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864"
  },
  "r389": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864"
  },
  "r39": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580"
  },
  "r390": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864"
  },
  "r391": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "850",
   "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864"
  },
  "r392": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "850",
   "URI": "http://asc.fasb.org/topic&trid=2122745"
  },
  "r393": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "852",
   "URI": "http://asc.fasb.org/extlink&oid=124437977&loc=d3e55792-112764"
  },
  "r394": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "852",
   "URI": "http://asc.fasb.org/extlink&oid=124433192&loc=d3e56071-112765"
  },
  "r395": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "852",
   "URI": "http://asc.fasb.org/extlink&oid=124433192&loc=SL2890621-112765"
  },
  "r396": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "852",
   "URI": "http://asc.fasb.org/extlink&oid=124433192&loc=SL2890621-112765"
  },
  "r397": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "10",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "10",
   "Topic": "852",
   "URI": "http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766"
  },
  "r398": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "855",
   "URI": "http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662"
  },
  "r399": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "855",
   "URI": "http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662"
  },
  "r4": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765"
  },
  "r40": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580"
  },
  "r400": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "855",
   "URI": "http://asc.fasb.org/topic&trid=2122774"
  },
  "r401": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(2)(i)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r402": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(2)(ii)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r403": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r404": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(bb)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r405": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(bb)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r406": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(bb)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r407": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r408": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r409": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719"
  },
  "r41": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL116659661-227067"
  },
  "r410": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r411": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r412": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(b)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r413": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Subparagraph": "(c)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719"
  },
  "r414": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "30",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728"
  },
  "r415": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "30",
   "Subparagraph": "(a)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729"
  },
  "r416": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122625-111746"
  },
  "r417": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122625-111746"
  },
  "r418": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122625-111746"
  },
  "r419": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(4)(i)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122625-111746"
  },
  "r42": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL124442407-227067"
  },
  "r420": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r421": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r422": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r423": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(4)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r424": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(5)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r425": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(6)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r426": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(a)(7)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r427": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(b)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r428": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(e)(1)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r429": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(e)(2)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r43": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067"
  },
  "r430": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "50",
   "Subparagraph": "(e)(3)",
   "Topic": "860",
   "URI": "http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746"
  },
  "r431": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "910",
   "URI": "http://asc.fasb.org/extlink&oid=123353855&loc=SL119991595-234733"
  },
  "r432": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "310",
   "Subparagraph": "(b)",
   "Topic": "912",
   "URI": "http://asc.fasb.org/extlink&oid=123371682&loc=d3e55415-109406"
  },
  "r433": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SAB Topic 11.L)",
   "Topic": "924",
   "URI": "http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856"
  },
  "r434": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "20",
   "Topic": "926",
   "URI": "http://asc.fasb.org/extlink&oid=120154696&loc=d3e54445-107959"
  },
  "r435": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "340",
   "Topic": "928",
   "URI": "http://asc.fasb.org/extlink&oid=6473545&loc=d3e61844-108004"
  },
  "r436": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e61929-109447"
  },
  "r437": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e61929-109447"
  },
  "r438": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62059-109447"
  },
  "r439": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "20",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62059-109447"
  },
  "r44": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "6",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067"
  },
  "r440": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62395-109447"
  },
  "r441": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62395-109447"
  },
  "r442": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "33",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62479-109447"
  },
  "r443": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "33",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e62479-109447"
  },
  "r444": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "35A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(a)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=SL6807758-109447"
  },
  "r445": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "35A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(b)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=SL6807758-109447"
  },
  "r446": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(c)(1)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e61872-109447"
  },
  "r447": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "235",
   "Subparagraph": "(c)(2)",
   "Topic": "932",
   "URI": "http://asc.fasb.org/extlink&oid=123377692&loc=d3e61872-109447"
  },
  "r448": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(1)(a))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r449": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(10))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r45": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(210.5-03(11))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r450": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(11))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r451": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(13))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r452": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(15)(1))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r453": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(16))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r454": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(22))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r455": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03(23))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r456": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.10)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r457": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.15(3))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r458": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.15(5))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r459": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.16)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r46": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(1))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r460": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.9-03.17)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878"
  },
  "r461": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04(14)(d))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r462": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04(22))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r463": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04(27))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r464": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.14(d))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r465": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.14)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r466": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.9-04.9)",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260"
  },
  "r467": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "235",
   "Subparagraph": "(SX 210.9-05(b)(2))",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884"
  },
  "r468": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "470",
   "Subparagraph": "e",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823"
  },
  "r469": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "470",
   "Topic": "942",
   "URI": "http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823"
  },
  "r47": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(2)(c))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r470": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(16))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r471": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(5))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r472": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(10))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r473": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(12))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r474": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(15))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r475": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(16))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r476": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(2))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r477": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r478": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(24))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r479": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03(a)(25))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r48": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(20))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r480": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.(a),19)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r481": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.1(3))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r482": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.1(d))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r483": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.1(f))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r484": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.1(h))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r485": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.10)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r486": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.15(a))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r487": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.16(a))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r488": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.7-03.17)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910"
  },
  "r489": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(18))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r49": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(25))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r490": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(23))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r491": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(3)(a))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r492": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04(3)(d))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r493": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04.3(a))",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r494": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "220",
   "Subparagraph": "(SX 210.7-04.4)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263"
  },
  "r495": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "360",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=123605564&loc=d3e23415-158514"
  },
  "r496": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "360",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=123605564&loc=d3e23439-158514"
  },
  "r497": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "360",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=123605587&loc=d3e23528-158515"
  },
  "r498": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4H",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "40",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=116884468&loc=SL65671331-158438"
  },
  "r499": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7A",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "40",
   "Subparagraph": "(d)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=124506351&loc=SL117782755-158439"
  },
  "r5": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6812-107765"
  },
  "r50": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(8))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r500": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13H",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "40",
   "Subparagraph": "(b)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=124504033&loc=SL117783719-158441"
  },
  "r501": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "29F",
   "Publisher": "FASB",
   "Section": "55",
   "SubTopic": "40",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=124504033&loc=SL117819544-158441"
  },
  "r502": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(e)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641"
  },
  "r503": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(f)(1)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641"
  },
  "r504": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(f)(2)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641"
  },
  "r505": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(g)(2)(i)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641"
  },
  "r506": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "40",
   "Subparagraph": "(h)(2)",
   "Topic": "944",
   "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641"
  },
  "r507": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "210",
   "Subparagraph": "(SX 210.6-04.12(3))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=120401414&loc=d3e603758-122996"
  },
  "r508": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column B)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010"
  },
  "r509": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column B)(Footnote 6))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010"
  },
  "r51": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(b)(7)(c))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r510": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column B)(Footnote 7))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010"
  },
  "r511": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010"
  },
  "r512": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 6))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010"
  },
  "r513": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 7))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010"
  },
  "r514": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column D)(Footnote 1))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010"
  },
  "r515": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column D)(Footnote 6))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010"
  },
  "r516": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-12B(Column D)(Footnote 7))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010"
  },
  "r517": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5D",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13D(Column B)(Footnote 2))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=SL120429264-123010"
  },
  "r518": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5D",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-13D(Column C)(Footnote 2))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=SL120429264-123010"
  },
  "r519": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-15(Column A))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611379-123010"
  },
  "r52": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03(b)(9)(a))",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r520": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-15(Column B))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611379-123010"
  },
  "r521": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-15(Column C))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611379-123010"
  },
  "r522": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "7",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "320",
   "Subparagraph": "(SX 210.12-15(Column D))",
   "Topic": "946",
   "URI": "http://asc.fasb.org/extlink&oid=122147990&loc=d3e611379-123010"
  },
  "r523": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "310",
   "Subparagraph": "(SX 210.12-29(Footnote 4))",
   "Topic": "948",
   "URI": "http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014"
  },
  "r524": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "310",
   "Subparagraph": "(SX 210.12-29)",
   "Topic": "948",
   "URI": "http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014"
  },
  "r525": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "310",
   "Topic": "954",
   "URI": "http://asc.fasb.org/extlink&oid=123366838&loc=d3e3073-115593"
  },
  "r526": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "440",
   "Subparagraph": "(a)",
   "Topic": "954",
   "URI": "http://asc.fasb.org/extlink&oid=6491277&loc=d3e6429-115629"
  },
  "r527": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Column B))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r528": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Column C))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r529": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Column D))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r53": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r530": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Column E))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r531": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Column F))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r532": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Column G))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r533": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Column H))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r534": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Column I))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r535": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Footnote 2))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r536": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Footnote 4))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r537": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28(Footnote 5))",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r538": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "360",
   "Subparagraph": "(SX 210.12-28)",
   "Topic": "970",
   "URI": "http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024"
  },
  "r539": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "970",
   "URI": "http://asc.fasb.org/topic&trid=2156125"
  },
  "r54": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.4)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r540": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "972",
   "URI": "http://asc.fasb.org/topic&trid=2134617"
  },
  "r541": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "974",
   "URI": "http://asc.fasb.org/topic&trid=2156429"
  },
  "r542": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "310",
   "Subparagraph": "(c)",
   "Topic": "976",
   "URI": "http://asc.fasb.org/extlink&oid=6497875&loc=d3e22274-108663"
  },
  "r543": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "976",
   "URI": "http://asc.fasb.org/topic&trid=2134846"
  },
  "r544": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "310",
   "Subparagraph": "(b)",
   "Topic": "978",
   "URI": "http://asc.fasb.org/extlink&oid=123360121&loc=d3e27327-108691"
  },
  "r545": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "978",
   "URI": "http://asc.fasb.org/topic&trid=2134977"
  },
  "r546": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r547": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-23"
  },
  "r548": {
   "Name": "Form 10-K",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "310"
  },
  "r549": {
   "Name": "Form 20-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "220",
   "Subsection": "f"
  },
  "r55": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.7)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r550": {
   "Name": "Form 40-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "240",
   "Subsection": "f"
  },
  "r551": {
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r552": {
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "1402"
  },
  "r553": {
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Paragraph": "(b)",
   "Publisher": "SEC",
   "Section": "1402",
   "Subparagraph": "(1)"
  },
  "r554": {
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Paragraph": "(b)",
   "Publisher": "SEC",
   "Section": "1402",
   "Subparagraph": "(2)"
  },
  "r555": {
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Paragraph": "(b)",
   "Publisher": "SEC",
   "Section": "1402",
   "Subparagraph": "(3)"
  },
  "r556": {
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Paragraph": "(c)",
   "Publisher": "SEC",
   "Section": "1402",
   "Subparagraph": "(2)(i)"
  },
  "r557": {
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Paragraph": "(c)",
   "Publisher": "SEC",
   "Section": "1402",
   "Subparagraph": "(2)(ii)"
  },
  "r558": {
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Paragraph": "(c)",
   "Publisher": "SEC",
   "Section": "1402",
   "Subparagraph": "(2)(iii)"
  },
  "r559": {
   "Name": "Regulation S-T",
   "Number": "232",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r56": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-03.8)",
   "Topic": "220",
   "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227"
  },
  "r560": {
   "Footnote": "2",
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r561": {
   "Footnote": "4",
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r562": {
   "Footnote": "4",
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "29"
  },
  "r563": {
   "Footnote": "5",
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r564": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "Column B",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r565": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "Column C",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r566": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "Column D",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r567": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "Column E",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r568": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "Column F",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r569": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "Column G",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r57": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3179-108585"
  },
  "r570": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "Column H",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r571": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "Column I",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r572": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "28"
  },
  "r573": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "29"
  },
  "r574": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(i)",
   "Subsection": "01"
  },
  "r575": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(i)",
   "Subsection": "02"
  },
  "r576": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(ii)",
   "Subsection": "01"
  },
  "r577": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(iii)",
   "Subsection": "01"
  },
  "r578": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(iii)(A)",
   "Subsection": "01"
  },
  "r579": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(iii)(A)",
   "Subsection": "02"
  },
  "r58": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3179-108585"
  },
  "r580": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(iii)(B)",
   "Subsection": "01"
  },
  "r581": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(iii)(B)",
   "Subsection": "02"
  },
  "r582": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(iii)(C)",
   "Subsection": "02"
  },
  "r583": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(iv)",
   "Subsection": "01"
  },
  "r584": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(a)",
   "Publisher": "SEC",
   "Section": "13",
   "Subparagraph": "(4)(iv)",
   "Subsection": "02"
  },
  "r585": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "(m)",
   "Publisher": "SEC",
   "Section": "4",
   "Subparagraph": "(1)(iii)",
   "Subsection": "08"
  },
  "r586": {
   "Name": "Regulation S-X (SX)",
   "Number": "210",
   "Paragraph": "c",
   "Publisher": "SEC",
   "Section": "5",
   "Subparagraph": "Schedule III",
   "Subsection": "04"
  },
  "r587": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r588": {
   "Name": "Securities Act",
   "Number": "7A",
   "Publisher": "SEC",
   "Section": "B",
   "Subsection": "2"
  },
  "r589": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "65",
   "SubTopic": "10",
   "Subparagraph": "(a)(3)(iii)(03)",
   "Topic": "848"
  },
  "r59": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3179-108585"
  },
  "r6": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(1))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r60": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3179-108585"
  },
  "r61": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3213-108585"
  },
  "r62": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "13",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(c)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3213-108585"
  },
  "r63": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585"
  },
  "r64": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585"
  },
  "r65": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "14",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585"
  },
  "r66": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585"
  },
  "r67": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585"
  },
  "r68": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "15",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585"
  },
  "r69": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "17",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(d)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3367-108585"
  },
  "r7": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(13))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r70": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3000-108585"
  },
  "r71": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "24",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3521-108585"
  },
  "r72": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(e)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3536-108585"
  },
  "r73": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "25",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3536-108585"
  },
  "r74": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585"
  },
  "r75": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585"
  },
  "r76": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "28",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585"
  },
  "r77": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3044-108585"
  },
  "r78": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123431023&loc=d3e4273-108586"
  },
  "r79": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123431023&loc=d3e4297-108586"
  },
  "r8": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(17))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r80": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123431023&loc=d3e4304-108586"
  },
  "r81": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "4",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123431023&loc=d3e4313-108586"
  },
  "r82": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123431023&loc=d3e4332-108586"
  },
  "r83": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "8",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "230",
   "URI": "http://asc.fasb.org/extlink&oid=123431023&loc=SL98516268-108586"
  },
  "r84": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=123372394&loc=d3e18726-107790"
  },
  "r85": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(d))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r86": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(e)(1))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r87": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(f))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r88": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(g)(1)(ii))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r89": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(m)(1)(iii))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r9": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.5-02(19))",
   "Topic": "210",
   "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682"
  },
  "r90": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.4-08(m)(2)(ii))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690"
  },
  "r91": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "3",
   "Publisher": "FASB",
   "Section": "S99",
   "SubTopic": "10",
   "Subparagraph": "(SX 210.12-04(a))",
   "Topic": "235",
   "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690"
  },
  "r92": {
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "Topic": "235",
   "URI": "http://asc.fasb.org/topic&trid=2122369"
  },
  "r93": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "23",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124436220&loc=d3e21914-107793"
  },
  "r94": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "24",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124436220&loc=d3e21930-107793"
  },
  "r95": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "5",
   "Publisher": "FASB",
   "Section": "45",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124436220&loc=d3e21711-107793"
  },
  "r96": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)(2)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794"
  },
  "r97": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "1",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)(3)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794"
  },
  "r98": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(a)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794"
  },
  "r99": {
   "Name": "Accounting Standards Codification",
   "Paragraph": "11",
   "Publisher": "FASB",
   "Section": "50",
   "SubTopic": "10",
   "Subparagraph": "(b)",
   "Topic": "250",
   "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794"
  }
 },
 "version": "2.1"
}

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2021	Mar. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	333-255557
Entity Registrant Name	Brookfield Real Estate Income Trust Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	82-2365593
Entity Address, Address Line One	250 Vesey Street
Entity Address, Address Line Two	15th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10281
City Area Code	212
Local Phone Number	417-7000
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Documents Incorporated by Reference	Part III of this annual report on Form 10-K incorporates information by reference from the registrant’s definitive proxy statement with respect to its 2022 annual meeting of stockholders to be filed with the Securities and Exchange Commission within 120 days after the close of the registrant’s fiscal year.
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0001713407
Entity Public Float	$ 0
Amendment Flag	false
Class I common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,916,110
Common Stock Class S
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		24,708,294
Class C common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,479,275
Class E common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,521,357

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	New York, New York
Auditor Firm ID	34

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Assets [Abstract]
Real Estate Investments, Net	$ 1,065,758,310	$ 315,308,436
Investments in unconsolidated entities	129,671,086	0
Intangible assets, net	49,151,909	10,901,176
Cash and cash equivalents	29,988,565	32,740,150
Restricted cash	30,795,049
Accounts and other receivables, net	3,756,111	3,074,459
Other assets	10,518,031	1,105,747
Total Assets	1,374,713,439	440,873,609
Liabilities and Equity [Abstract]
Mortgage loans and secured credit facility, net	733,793,220	229,186,956
Unsecured revolving credit facility	105,000,000	0
Due to affiliates	35,890,147	12,123,459
Intangible liabilities, net	28,384,385	69,864
Accounts payable, accrued expenses and other liabilities	16,223,191	6,309,381
Subscriptions received in advance	24,380,740	0
Total Liabilities	943,671,683	247,689,660
Commitments and Contingencies	0	0
Redeemable non-controlling interests attributable to OP unitholders	200,085,855	0
Stockholders' Equity Attributable to Parent [Abstract]
Preferred Stock, Value, Issued	0	0
Additional paid-in capital	249,426,060	200,440,567
Accumulated deficit	(23,608,973)	(15,179,566)
Total Stockholders’ Equity	226,062,240	185,466,100
Non-controlling interests attributable to third party joint ventures	4,518,661	7,717,849
Non-controlling interests attributable to preferred stockholders	375,000	0
Total Equity	230,955,901	193,183,949
Total Liabilities and Stockholders' Equity	1,374,713,439	440,873,609
Common Stock Class S
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	200,457	130,326
Class I common stock
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	28,253	74,773
Class T common stock
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	0	0
Class D common stock
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	0	0
Class C common stock
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	16,443	0
Class E common stock
Stockholders' Equity Attributable to Parent [Abstract]
Common Stock, Value, Issued	0	0
Operating Segments \| Real estate-related loans and securities
Assets [Abstract]
Investments in real estate-related loans and securities, net	55,074,378	74,464,566
Total Assets	55,074,378	74,464,566
Variable Interest Entity, Primary Beneficiary
Assets [Abstract]
Real Estate Investments, Net	230,635,634	315,308,436
Intangible assets, net	7,311,796	10,901,176
Cash and cash equivalents	2,940,040	3,060,611
Restricted cash	5,413,888	3,279,075
Accounts and other receivables, net	597,673	2,778,108
Other assets	2,866,289	1,010,972
Total Assets	249,765,320	336,338,378
Liabilities and Equity [Abstract]
Mortgage loans and secured credit facility, net	177,150,209
Intangible liabilities, net	45,019
Accounts payable, accrued expenses and other liabilities	4,317,033	4,761,810
Total Liabilities	$ 181,512,261	$ 234,018,630

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common Stock, Shares, Outstanding (in shares)	26,613,257	20,510,001
Common Stock Class S
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	225,000,000	225,000,000
Common stock, shares issued (in shares)	20,045,775	13,032,650
Common Stock, Shares, Outstanding (in shares)	20,045,775	13,032,650
Class I common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	2,825,208	7,477,351
Common Stock, Shares, Outstanding (in shares)	2,825,208	7,477,351
Class T common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	225,000,000	225,000,000
Common stock, shares issued (in shares)	0	0
Common Stock, Shares, Outstanding (in shares)	0	0
Class D common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000
Common stock, shares issued (in shares)	0	0
Common Stock, Shares, Outstanding (in shares)	0	0
Class C common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000
Common stock, shares issued (in shares)	1,644,303	0
Common Stock, Shares, Outstanding (in shares)	1,644,303	0
Class E common stock
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	100,000,000
Common stock, shares issued (in shares)	2,097,971	0
Common Stock, Shares, Outstanding (in shares)	2,097,971	0

Conolidated Statements of Operations - USD ($)	12 Months Ended
Conolidated Statements of Operations - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues [Abstract]
Rental revenues	$ 34,787,101	$ 24,145,212	$ 7,128,209
Other revenues	2,590,843	1,141,058	411,698
Total revenues	37,377,944	25,286,270	7,539,907
Costs and Expenses [Abstract]
Rental property operating	15,464,896	10,211,237	3,071,766
General and administrative	7,057,292	3,473,954	1,616,252
Organizational expenses	3,459,158	0	885,061
Management fee	2,650,543	1,170,717	0
Performance fee	5,143,197	2,215,134	200,649
Performance participation allocation	2,345,920	0	0
Depreciation and amortization	18,369,770	13,481,013	5,012,259
Total expenses	54,490,776	30,552,055	10,785,987
Other Income and Expenses [Abstract]
Income from real estate-related loans and securities	5,442,640	4,908,074	2,305,721
Interest expense	(6,758,138)	(4,948,496)	(4,048,089)
Realized gain on real estate investments, net	21,492,660	144,484	0
Unrealized gain on investments, net	1,837,051	2,416,703	0
Total other income (expense)	22,014,213	2,520,765	(1,742,368)
Net income (loss)	4,901,381	(2,745,020)	(4,988,448)
Net loss attributable to non-controlling interests in third party joint ventures	(182,666)	(307,169)	(265,570)
Net income attributable to redeemable non-controlling interests	(2,577,946)	0	0
Net income (loss) attributable to Brookfield REIT stockholders	$ 2,506,101	$ (2,437,851)	$ (4,722,878)
Basic (in dollars per share)	$ 0.11	$ (0.13)	$ (4.49)
Diluted (in dollars per share)	$ 0.11	$ (0.13)	$ (4.49)
Weighted average number of shares outstanding, basic (in shares)	23,038,165	18,895,893	1,050,861
Weighted average number of shares outstanding, diluted (in shares)	23,038,165	18,895,893	1,050,861

Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($)	Total	Class I common stock	Common Stock Class S	Total Stockholders' Equity (Deficit)	Total Stockholders' Equity (Deficit) Class I common stock	Common Stock Class I common stock	Common Stock Common Stock Class S	Common Stock Class T common stock	Common Stock Class D common stock	Additional Paid-In Capital	Additional Paid-In Capital Class I common stock	Accumulated Deficit	Non-controlling Interests Attributable to Third Party Joint Ventures	Non-controlling Interests Attributable to Preferred Shareholders
Beginning Balance at Dec. 31, 2018	$ (117,657)			$ (117,657)		$ 200	$ 0	$ 0	$ 0	$ 250,038		$ (367,895)	$ 0	$ 0
Stock-based compensation	$ 74,876			74,876		$ 70				74,806
Common stock issued (in shares)	14,970,217	9,118,617	5,851,600			91,186	58,516
Common stock issued, value	$ 150,050,000				$ 150,050,000						$ 149,900,298
Contributions from non-controlling interests	5,744,728
Distributions	(470,483)			(339,337)								(339,337)	(131,146)
Offering costs	(4,875,078)			(4,875,078)						(4,875,078)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(4,988,448)			(4,722,878)								(4,722,878)	(265,570)
Ending Balance at Dec. 31, 2019	145,417,938			140,069,926		$ 91,456	$ 58,516	0	0	145,350,064		(5,430,110)	5,348,012	0
Distributions reinvested	0
Stock-based compensation	$ 72,447			72,447		$ 57				72,390
Common stock issued (in shares)	7,800,716	759,820	7,040,896			8,378	70,408
Common stock issued, value	$ 80,969,989				80,969,989						80,891,203
Contributions from non-controlling interests	3,122,858												3,122,858
Distributions	(7,757,457)			(7,311,605)								(7,311,605)	(445,852)
Offering costs	(2,255,940)			(2,255,940)						(2,255,940)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(2,745,020)			(2,437,851)								(2,437,851)	(307,169)
Ending Balance at Dec. 31, 2020	193,183,949			185,466,100		$ 74,773	$ 130,326	$ 0	0	200,440,567		(15,179,566)	7,717,849	0
Distributions reinvested	2,214,021			2,214,021		98	2,058			2,211,865
Decrease From Redemptions	(25,854,887)			(25,854,887)		(25,216)	$ (656)			(25,829,015)
Stock-based compensation	$ 151,596			151,596		$ 134				151,462
Common stock issued (in shares)	12,458,770	1,579,963	7,145,670			22,262	71,457	16,443
Common stock issued, value	$ 144,402,376				$ 144,402,376						$ 144,292,214
Preferred stock issued, value	375,000													375,000
Contributions from non-controlling interests	569,053												569,053	0
Distributions	(11,621,083)			(10,935,508)								(10,935,508)	(685,575)
Offering costs	(18,636,181)			(18,636,181)						(18,636,181)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	4,901,381			4,901,381									0
Allocation to non-controlling interests in third party joint ventures	0			182,666									(182,666)
Allocation to redeemable non-controlling interests	(5,205,195)			(5,205,195)
Ending Balance at Dec. 31, 2021	230,955,901			226,062,240		$ 28,253	$ 200,457	$ 16,443	$ 0	249,426,060		$ (23,608,973)	$ 4,518,661	$ 375,000
Distributions reinvested	5,238,319			5,238,319		346	4,324			5,233,649
Decrease From Redemptions	$ (76,925,368)			$ (76,925,368)		$ (69,262)	$ (5,650)			$ (76,850,456)

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 4,901,381	$ (2,745,020)	$ (4,988,448)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	18,369,770	13,481,013	5,012,259
Management fees	2,627,150	1,170,717	0
Performance fees	5,143,197	2,215,134	200,649
Performance participation allocation	2,345,920	0	0
Amortization of above and below market leases	105,711	(102,839)	70,028
Amortization of restricted stock grants	87,500	72,447	74,876
Amortization of deferred financing costs	308,911	211,615	50,313
Amortization of discount	(175,854)	(453,172)	(416,639)
Paid-in-kind interest	(1,022,065)	0	0
Net gain on disposition of real estate	(19,495,644)	0	0
Realized gain on investments	(21,492,660)	(144,484)	0
Equity Securities, FV-NI, Unrealized Gain (Loss)	1,270,570
Unrealized gain on investments	(1,837,051)	(2,416,703)	0
Changes in assets and liabilities:
Increase (Decrease) in Other Operating Assets	(1,685,398)	(794,273)	(570,625)
Increase (Decrease) in Accounts and Other Receivables	(694,129)	(1,305,011)	(1,769,446)
Increase (decrease) in accounts payable, accrued expenses and other liabilities	5,890,147	(163,025)	2,937,813
Subscriptions received in advance	24,380,740	0	0
(Decrease) increase in due to affiliates	(1,100,933)	295,771	880,053
Net cash provided by (used in) operating activities	15,720,800	9,322,170	(176,569)
Cash flows from investing activities
Acquisition of real estate	(649,660,722)	(105,136,975)	(233,193,194)
Purchase of real estate-related loans and securities	(29,947,085)	(33,297,470)	(48,881,160)
Proceeds from sale of real estate-related loans and securities	42,718,237	11,771,286	0
Proceeds from Principal Repayments on Loans and Leases Held-for-investment	8,978,491	0	0
Proceeds from Sale of Real Estate Held-for-investment	8,600,000	0	0
Payments for Deposits	(6,321,450)	0	0
Payments for Tenant Improvements	(2,166,688)	(1,980,484)	(972,450)
Net cash used in investing activities	(622,799,217)	(128,643,643)	(283,046,804)
Cash flows from financing activities:
Borrowings from mortgage loans	315,215,639	71,152,380	159,411,000
Proceeds from Issuance of Secured Debt	244,401,821	0	0
Proceeds from affiliate line of credit	105,000,000	0	106,391,162
Proceeds from sale of preferred membership interests	5,000,000
Proceeds from issuance of OP units	45,000,000	0	0
Proceeds from issuance of preferred stock	375,000	0	0
Repayments of affiliate line of credit	0	0	(19,510,997)
Payment of deferred financing costs	(2,550,097)	(653,893)	(984,459)
Proceeds from issuance of common stock	111,782,710	80,159,885	68,009,105
Repurchase of common stock	(71,298,270)	(23,217,389)	0
Payment of offering costs	(2,624,989)	(1,498,429)	(4,839,270)
Distributions to non-controlling interests	(685,575)	(445,852)	(131,146)
Contributions from non-controlling interests	569,053	3,122,858	5,744,728
Distributions	(5,173,226)	(4,329,066)	0
Net cash provided by financing activities	631,842,806	124,290,494	314,090,123
Net change in cash and cash-equivalents and restricted cash		4,969,021	30,866,750
Cash and cash-equivalents and restricted cash, beginning of period	36,019,225	31,050,204	183,454
Cash and cash-equivalents and restricted cash, end of period	60,783,614	36,019,225	31,050,204
Cash and cash equivalents	29,988,565	32,740,150	30,308,600
Restricted cash	30,795,049		741,604
Cash and cash-equivalents and restricted cash, beginning of period	60,783,614	36,019,225	31,050,204
Non-cash investing and financing activities:
Interest paid	6,273,044	4,709,835	1,819,688
Non-cash investing and financing activities:
Issuance of Brookfield REIT OP units as consideration for acquisitions of real estate	148,175,420	0	0
Issuance of Class E common stock as consideration for acquisitions of real estate	25,000,000	0	0
Disposition of real estate	77,071,415	0	0
Preferred membership interest acquired from disposition of real estate	33,831,269	0	0
Transfer of mortgage loan associated with disposition	52,806,791	0	0
Line of credit repayment through issuance of Class I shares	0	0	(86,880,165)
Accrued distributions	1,301,541	768,519	339,337
Accrued stockholder servicing fee	14,219,258	96,381	35,809
Distributions reinvested	5,238,319	2,214,021	0
Accrued management fee in due to affiliates	620,706	360,617	0
Management fees paid in shares	2,390,456	810,098	0
Accrued capital expenditures	1,192,134	980,018	0
Accrued repurchases in accounts payable	1,593,971	0	0
Accrued repurchases in due to affiliates	6,682,115	2,637,500	0
Accrued offering costs	5,216,729	661,127	0
Additions of furniture, fixtures and equipment in lieu of rent	0	420,533	$ 0
Variable Interest Entity, Primary Beneficiary
Cash flows from financing activities:
Cash and cash equivalents	2,940,040	3,060,611
Restricted cash	$ 5,413,888	$ 3,279,075

Organization and Business Purpose	12 Months Ended
Organization and Business Purpose	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business Purpose	Organization and Business Purpose Brookfield Real Estate Income Trust Inc. (formerly Oaktree Real Estate Income Trust, Inc.) (the “Company”) was formed on July 27, 2017 as a Maryland corporation and has elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with the taxable year ended December 31, 2019. The Company seeks to invest primarily in well-located, high quality commercial real estate assets that generate strong current cash flow and could further appreciate in value through moderate leasing and repositioning strategies. To a lesser extent, the Company invests in real estate-related investments, including real estate-related debt and real estate-related securities. The Company is the sole general partner of Brookfield REIT Operating Partnership L.P. (the “Operating Partnership”). Substantially all of the Company's business is conducted through the Operating Partnership. The Company and the Operating Partnership are externally managed by Brookfield REIT Adviser LLC (the “Adviser”), an affiliate of Brookfield Asset Management Inc. (together with its affiliates, “Brookfield”). Prior to the Adviser Transition (as defined below) that occurred on November 2, 2021, the Company was externally managed by Oaktree Fund Advisors, LLC (the “Oaktree Adviser”), an affiliate of Oaktree Capital Management, L.P. (“Oaktree”). On July 15, 2021, the Company entered into an adviser transition agreement (the “Adviser Transition Agreement”) with the Adviser and the Oaktree Adviser. On November 2, 2021, pursuant to the terms of the Adviser Transition Agreement, among other things, the Company (i) accepted the resignation of the Oaktree Adviser as its external adviser under the previous advisory agreement between the Company and the Oaktree Adviser, and (ii) entered into a new advisory agreement (the “Advisory Agreement”) with the Adviser (together, with the related transactions authorized by the Company’s board of directors or otherwise contemplated in connection with the Company’s entry into the Adviser Transition Agreement, referred to collectively as the “Adviser Transition”). In addition, on November 2, 2021, the Company, the Adviser and the Operating Partnership entered into sub-advisory agreements with the Oaktree Adviser in connection, pursuant to which the Oaktree Adviser (i) manages certain of the Company’s real estate properties and real estate-related debt investments that were acquired by the Company prior to the Adviser Transition and (ii) selects and manages the Company’s liquid assets. The Company had previously registered with the Securities and Exchange Commission (the “SEC”) an offering of up to $2,000,000,000 in shares of common stock (the "Previous Offering"). The Company subsequently registered a follow-on offering with the SEC of up to $7,500,000,000 in shares of common stock, consisting of up to $6,000,000,000 in shares in its primary offering and up to $1,500,000,000 in shares pursuant to its distribution reinvestment plan, which the Company began using to offer shares of its common stock in November 2021 (the “Current Offering” and with the Previous Offering, the "Offering"). The Company is offering to the public any combination of four classes of shares of its common stock, Class T shares, Class S shares, Class D shares and Class I shares, with a dollar value up to the maximum offering amount. The publicly offered share classes have different upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees. The purchase price per share for each class of common stock varies and generally equals the Company’s prior month’s net asset value (“NAV”) per share, as determined monthly, plus applicable upfront selling commissions and dealer manager fees. The Company intends to continue selling shares on a monthly basis. As of December 31, 2021, the Company owned 14 investments in real estate, four investments in real estate-related loans, four investments in floating-rate commercial mortgage backed securities ("CMBS"), and two interests in unconsolidated investments.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesFrom time to time, the Company may be involved in various claims and legal actions arising in the ordinary course of business. As of December 31, 2021, the Company is not subject to any material litigation nor is the Company aware of any material litigation threatened against it.

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated events from December 31, 2021 through the date the financial statements were issued. Acquisitions •The Company acquired two multifamily and two logistics properties for $264.2 million, exclusive of closing costs. Financings •The Company borrowed $105.3 million on the Secured Credit Facility in connection with acquisitions. •The Company closed on a term loan secured by five multifamily properties for $372.8 million. The term loan has a term of five years and incurs interest at a rate of SOFR + 1.70%. In connection with the financing, the Company repaid $256.9 million of borrowings on the Secured Credit Facility. •The Company closed on a $212.2 million mortgage loan secured by DreamWorks Animation Studios. The mortgage loan has a term of seven years and incurs interest at a fixed rate of 3.20%. In connection with the financing, the Company repaid the existing $214.8 million mortgage loan secured by the property. •The Company increased the capacity of the Secured Credit Facility to $500.0 million. Changes to Performance Fee •The Company amended the Advisory Agreement and the Operating Partnership agreement to provide for the payment of a performance fee to the Advisor and eliminate the Performance Participation Allocation. The changes are effective January 1, 2022. The Company also amended the Oaktree Assets Sub-Advisory Agreement and the Brookfield Repurchase Arrangement to reflect such change. Amendment to Our Charter On January 7, 2022, we filed a Third Articles of Amendment with the State Department of Assessments and Taxation of Maryland to change the par value of our shares of Class E common stock from $0.01 par value per share to no par value per share. Status of the Offering As of March 31, 2022, the Company has sold an aggregate of 34,625,036 shares of its common stock (consisting of 24,708,294 Class S shares, 3,916,110 Class I shares, 3,479,275 Class C shares and 2,521,357 Class E shares) in the Offering resulting in net proceeds of $379,629,994 to the Company as payment for such shares.

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation and Principles of Consolidation The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include the accounts of the Company, the Company's subsidiaries and joint ventures in which the Company has a controlling financial interest. All significant intercompany balances and transactions have been eliminated in consolidation. Certain comparative figures have been reclassified to conform to the current year presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2020, the FASB issued guidance which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offer Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance is effective upon issuance and generally may be elected over time through December 31, 2022. The Company has not adopted any of the optional expedients or exceptions through December 31, 2021, but will continue to evaluate the possible adoption (including potential impact) of any such expedients or exceptions during the effective period as circumstances evolve. In February 2016, the FASB issued a new leasing standard which requires lessees to clarify leases as either finance or operating leases based on certain criteria and record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The standard also eliminates current real estate-specific provisions and changes initial direct costs and lease executory costs for all entities. The new guidance will require lessees and lessors to capitalize, as initial direct costs, only those costs that are incurred due to the execution of a lease, with any other costs incurred, including allocated indirect costs, expensed as incurred. In addition, the new standard requires that lease and non-lease components of a contract be bifurcated, with non-lease components (including reimbursements for real estate taxes, utilities, insurance and other common area maintenance and other executory costs) subject to the new revenue recognition standard effective upon adoption of the new leasing standard. In July 2018, the FASB issued an amendment to the leasing standard that allows lessors to elect, as a practical expedient, not to allocate the total consideration in a contract to lease and non-lease components based on their relative standalone selling prices. Rather, this practical expedient allows lessors to elect to account for the combined component as an operating lease if (i) the timing and pattern of transfer of the lease component and non-lease component(s) are the same; (ii) the lease component would be classified as an operating lease if accounted for separately; and (iii) the lease component is the predominant component of the arrangement. If we elect this practical expedient subsequent to adoption, tenant recoveries and other components that would otherwise qualify as non-lease components would be accounted for as lease components and recognized in rental revenues. The amendment also provided an optional transition method to make the initial application date of the new lease standard the date of adoption, with a cumulative-effect adjustment recognized to the opening balance of retained earnings. Consequently, for an entity that elects the optional transition method, the entity’s reporting and disclosures for comparative historical periods presented in the financial statements will continue to be in accordance with current GAAP. In December 2018, the FASB made a narrow-scope amendment that would preclude a lessor from having to recognize lessor costs paid by a lessee directly to a third-party when the lessor cannot reasonably estimate such costs. The Company expects to elect the package of practical expedients to not reassess (i) whether existing arrangements are or contain a lease, (ii) the classification of an operating or financing lease in a period prior to adoption, and (iii) any initial direct costs for existing leases. Additionally, the Company expects to elect to not use hindsight and carry forward its lease term assumptions when adopting this standard and not recognize lease liabilities and lease assets for leases with a term of 12 months or less. The Company will adopt the new leasing standard effective January 1, 2022. The Company is currently evaluating the impact of adopting this standard on its Consolidated Financial Statements. In June 2016, the FASB issued guidance on the measurement of credit losses on financial instruments. The standard will replace the incurred loss impairment methodology pursuant to GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The guidance is effective for the Company beginning after December 15, 2022, including interim periods within that reporting period, with early adoption permitted after December 15, 2018, including interim periods within that reporting period. The Company is currently evaluating the impact of adopting this ASU on its Consolidated Financial Statements. In March 2020, the FASB issued guidance which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates. The guidance is effective upon issuance and generally may be elected over time through December 31, 2022. The Company has not adopted any of the optional expedients or exceptions through December 31, 2021, but will continue to evaluate the possible adoption (including potential impact) of any such expedients or exceptions during the effective period as circumstances evolve. In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments simplify the accounting for income taxes by removing certain exceptions to the general principles of Topic 740, Income Taxes and also improve consistent application by clarifying and amending existing guidance. The new standard became effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption was permitted, with the amendments to be applied on a retrospective, modified retrospective or prospective basis, depending on the specific amendment. The Company adopted the new guidance under ASU 2019-12 in the first quarter of 2021 and it had no material impact on the Company's Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU 2020-04 provides optional expedients and exceptions to GAAP requirements for modifications on debt instruments, leases, derivatives, and other contracts, related to the expected market transition from LIBOR, and certain other floating rate benchmark indices (collectively, “IBORs”) to alternative reference rates. ASU 2020-04 generally considers contract modifications related to reference rate reform to be an event that does not require contract remeasurement at the modification date nor a reassessment of a previous accounting determination. In January 2021, the FASB issued ASU 2021-01 “Reference Rate Reform (Topic 848): Scope,” or ASU 2021-01. ASU 2021-01 clarifies that the practical expedients in ASU 2020-04 apply to derivatives impacted by changes in the interest rate used for margining, discounting, or contract price alignment. The guidance in ASU 2020-04 is optional and may be elected over time, through December 31, 2022, as reference rate reform activities occur. Once ASU 2020-04 is elected, the guidance must be applied prospectively for all eligible contract modifications. The Company has not adopted any of the optional expedients or exceptions as of December 31, 2021, but will continue to evaluate the possible adoption of any such expedients or exceptions during the effective period as circumstances evolve

Organization and Business Purpose - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021 USD ($) class investment investment_in_real_estate position_in_real_estate_loan	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Class of Stock [Line Items]
Offering of common stock	$ 144,402,376	$ 80,969,989	$ 150,050,000
Number of Classes Of Common Shares \| class	4
Number of Real Estate Properties \| investment_in_real_estate	14
Number Of Positions In Real Estate-Related Loans \| position_in_real_estate_loan	4
Number Of Investments In Floating-Rate Commercial Mortgage Backed Securities \| investment	4
Primary Offering [Member] \| Maximum [Member]
Class of Stock [Line Items]
Offering of common stock	$ 2,000,000,000
Distribution Reinvestment Plan [Member] \| Maximum [Member]
Class of Stock [Line Items]
Offering of common stock	7,500,000,000
Follow-On Primary Offering \| Maximum [Member]
Class of Stock [Line Items]
Offering of common stock	6,000,000,000
Follow-On Distribution Reinvestment Plan Offering \| Maximum [Member]
Class of Stock [Line Items]
Offering of common stock	$ 1,500,000,000

Capitalization - Summary of Classes of Common Stock Authorized (Detail) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Schedule of Capitalization, Equity [Line Items]
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock
Schedule of Capitalization, Equity [Line Items]
Preferred stock, shares authorized (in shares)	50,000,000
Preferred stock, par value (in dollars per share)	$ 0.01
Class T common stock
Schedule of Capitalization, Equity [Line Items]
Common stock, shares authorized (in shares)	225,000,000	225,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock Class S
Schedule of Capitalization, Equity [Line Items]
Common stock, shares authorized (in shares)	225,000,000	225,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Class D common stock
Schedule of Capitalization, Equity [Line Items]
Common stock, shares authorized (in shares)	100,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Class I common stock
Schedule of Capitalization, Equity [Line Items]
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Property, Plant and Equipment [Line Items]
Number of reportable segments \| segment	6
Restricted cash	$ 30,795,049		$ 741,604
Current Fiscal Year End Date	--12-31
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 230,955,901	$ 193,183,949	145,417,938	$ (117,657)
Unrecorded Organizational And Offering Expenses Incurred By Advisor and Its Affiliates	8,400,000	5,700,000
Total assets	1,374,713,439	440,873,609
Liabilities	943,671,683	247,689,660
Impairment of real estate	0
Net operating loss	4,000,000	3,200,000	400,000
Accounts payable, accrued expenses and other liabilities	16,223,191	6,309,381
Adjustment Of Prior Period Misstatements Member
Property, Plant and Equipment [Line Items]
Accounts payable, accrued expenses and other liabilities	$ 9,900,000
Class S And Class T Member
Property, Plant and Equipment [Line Items]
Payment Of Stock Issuance Costs Commission And Dealer Manager Fees Percentage Of Gross Proceeds	0.035
Payment of Stock Issuance Costs, Annual Servicing Fees, Percentage of Gross Proceeds	0.0085
Payment Of Stock Issuance Costs, Maximum Aggregate Fees, Percentage of Gross Proceeds	0.0875
Class D common stock
Property, Plant and Equipment [Line Items]
Payment Of Stock Issuance Costs Commission And Dealer Manager Fees Percentage Of Gross Proceeds	0.015
Payment of Stock Issuance Costs, Annual Servicing Fees, Percentage of Gross Proceeds	0.0025
Payment Of Stock Issuance Costs, Maximum Aggregate Fees, Percentage of Gross Proceeds	0.0875
Class I common stock
Property, Plant and Equipment [Line Items]
Payment Of Stock Issuance Costs Commission And Dealer Manager Fees Percentage Of Gross Proceeds	0
Commercial Mortgage Backed Securities
Property, Plant and Equipment [Line Items]
Investments	$ 19,500,000	24,700,000
Variable Interest Entity, Primary Beneficiary
Property, Plant and Equipment [Line Items]
Restricted cash	5,413,888	3,279,075
Total assets	249,765,320	336,338,378
Liabilities	181,512,261	234,018,630
Accounts payable, accrued expenses and other liabilities	$ 4,317,033	4,761,810
Building [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Building [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Building and building improvements \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building and building improvements \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	21 years
Furniture, Fixtures, and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Furniture, Fixtures, and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	9 years
Non-controlling Interests Attributable to Third Party Joint Ventures
Property, Plant and Equipment [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 4,518,661	$ 7,717,849	$ 5,348,012	$ 0

Investments in Real Estate - Real Estate Investments (Details)	1 Months Ended					12 Months Ended
	Dec. 31, 2021 USD ($) ft²	Nov. 30, 2021 USD ($) ft²	Sep. 30, 2021 USD ($) ft²	Dec. 31, 2020 USD ($) ft²	Feb. 29, 2020 USD ($) ft²	Dec. 31, 2021 USD ($) ft²	Dec. 31, 2020 USD ($) ft²	Dec. 31, 2019 USD ($)
Real Estate [Line Items]
Real Estate Notes Receivable. Carrying Amount	$ 35,563,370			$ 49,750,971		$ 35,563,370	$ 49,750,971
Payments to acquire real estate						649,660,722	105,136,975	$ 233,193,194
Investment Building and Building Improvements	874,834,206			272,602,885		874,834,206	272,602,885
Land	164,901,074			40,397,114		164,901,074	40,397,114
Tenant Improvements	35,591,724			9,551,645		35,591,724	9,551,645
Furniture, Fixtures, And Equipment	11,061,146			4,822,680		11,061,146	4,822,680
Real Estate Investment Property, Accumulated Depreciation	(20,629,840)			(12,065,888)		(20,629,840)	(12,065,888)
Real Estate Investments, Net	1,065,758,310			315,308,436		1,065,758,310	315,308,436
Investment In Real Estate, Purchase Price	958,011,752					852,900,000	105,100,000
Operating Segments \| Real estate-related loans and securities
Real Estate [Line Items]
Investments in real estate-related loans and securities, net	$ 55,074,378			$ 74,464,566		$ 55,074,378	$ 74,464,566
Lakes Joint Venture
Real Estate [Line Items]
Joint Venture Ownership Interest					95.00%
Investment In Real Estate, Purchase Price					$ 41,024,719
Area of Real Estate Property \| ft²					177,000
Arbors
Real Estate [Line Items]
Joint Venture Ownership Interest				90.00%
Investment In Real Estate, Purchase Price				$ 64,112,256
Area of Real Estate Property \| ft²				408			408
1110 Key Federal Hill
Real Estate [Line Items]
Joint Venture Ownership Interest			100.00%
Investment In Real Estate, Purchase Price			$ 75,152,886
Area of Real Estate Property \| ft²			224
Domain
Real Estate [Line Items]
Joint Venture Ownership Interest		100.00%
Investment In Real Estate, Purchase Price		$ 74,157,027
Area of Real Estate Property \| ft²		324
The Burnham
Real Estate [Line Items]
Joint Venture Ownership Interest		100.00%
Investment In Real Estate, Purchase Price		$ 129,057,027
Area of Real Estate Property \| ft²		328
6123-6227 Monroe Ct
Real Estate [Line Items]
Joint Venture Ownership Interest		100.00%
Investment In Real Estate, Purchase Price		$ 17,264,728
Area of Real Estate Property \| ft²		208,000
8400 Westphalia Road
Real Estate [Line Items]
Joint Venture Ownership Interest		100.00%
Investment In Real Estate, Purchase Price		$ 27,960,931
Area of Real Estate Property \| ft²		100,000
McLane Distribution Center
Real Estate [Line Items]
Joint Venture Ownership Interest		100.00%
Investment In Real Estate, Purchase Price		$ 26,754,957
Area of Real Estate Property \| ft²		211,000
Flats on Front
Real Estate [Line Items]
Joint Venture Ownership Interest	100.00%
Investment In Real Estate, Purchase Price	$ 97,728,205
Area of Real Estate Property \| ft²	273					273
Verso Apartments
Real Estate [Line Items]
Joint Venture Ownership Interest	100.00%
Investment In Real Estate, Purchase Price	$ 74,215,860
Area of Real Estate Property \| ft²	172					172
DreamWorks Animation Studios
Real Estate [Line Items]
Joint Venture Ownership Interest	100.00%
Investment In Real Estate, Purchase Price	$ 326,743,229
Area of Real Estate Property \| ft²	497,000					497,000
Single Family Rental Portfolio
Real Estate [Line Items]
Joint Venture Ownership Interest						100.00%
Investment In Real Estate, Purchase Price						$ 3,839,927
Area of Real Estate Property \| ft²	14					14

Investments in Real Estate - Narrative (Details) - USD ($)			1 Months Ended	12 Months Ended
	Jan. 18, 2022	Nov. 02, 2021	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate [Line Items]
Investment In Real Estate, Purchase Price			$ 958,011,752	$ 852,900,000	$ 105,100,000
Preferred Stock, Value, Issued			0	0	0
Proceeds from issuance of preferred stock				375,000	$ 0	$ 0
Oaktree [Member]
Real Estate [Line Items]
Preferred Stock, Value, Issued			$ 5,000,000	5,000,000
Proceeds from issuance of preferred stock				$ 5,000,000
Subsequent Event \| Oaktree [Member]
Real Estate [Line Items]
Preferred Stock, Value, Issued	$ 28,800,000
Proceeds from issuance of preferred stock	$ 28,800,000
Ezlyn [Member]
Real Estate [Line Items]
Equity from Sale of Real Estate		$ 33,800,000
Ezlyn [Member]
Real Estate [Line Items]
Proceeds from Sale of Real Estate, Gross		42,400,000
Proceeds from Sale of Real Estate		8,600,000
Gains (Losses) on Sales of Investment Real Estate		$ 19,500,000

Intangibles - Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	$ 58,766,814	$ 17,295,750
Intangible assets, accumulated amortization	(9,614,905)	(6,394,574)
Intangible assets, net	49,151,909	10,901,176
Below Market Lease, Net [Abstract]
Intangible liabilities, gross	(28,520,699)	(94,501)
Intangible liabilities, accumulated amortization	136,314	24,637
Intangible liabilities, net	$ (28,384,385)	(69,864)
Finite-Lived Intangible Assets, Remaining Amortization Period	76 months
In-place lease intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	$ 41,209,749	11,635,323
Intangible assets, accumulated amortization	(8,082,379)	(5,586,764)
Lease origination costs
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	12,610,735	3,946,636
Intangible assets, accumulated amortization	(972,556)	(521,929)
Lease inducements
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	1,708,038	1,708,038
Intangible assets, accumulated amortization	(533,673)	(280,128)
Tax intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	3,054,438	0
Intangible assets, accumulated amortization	(20,544)	0
Above-market lease intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	183,854	5,753
Intangible assets, accumulated amortization	$ (5,753)	$ (5,753)

Intangibles - Intangible Assets, Future Amortization Expense (Details)	Dec. 31, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 8,703,021
2023	4,270,057
2024	3,812,958
2025	3,292,453
2026	3,038,078
Thereafter	26,035,342
Total	$ 49,151,909

Intangibles - Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense (Details)	Dec. 31, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ (1,333,347)
2023	(1,320,427)
2024	(1,320,427)
2025	(1,308,300)
2026	(1,501,879)
Thereafter	(21,600,005)
Total	$ (28,384,385)

Investments in Real Estate-Related Loans - Narrative (Details)				12 Months Ended
	Nov. 24, 2021 USD ($)	Feb. 21, 2021 USD ($) unit	Feb. 02, 2021 USD ($) unit	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Notes Receivable, Face Amount				$ 35,898,169	$ 50,000,000
Proceeds from Sale of Other Investments	$ 24,900,000
Gain (Loss) on Sale of Investments	$ 62,500
Unrealized gain (loss) on real estate related securities				1,700,000	3,000,000
Realized gain (loss) on real estate related securities				2,000,000	100,000
Atlantis Mezzanine Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Notes Receivable, Face Amount					25,000,000
IMC/AMC Bond Investment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Notes Receivable, Face Amount				25,000,000	$ 25,000,000
The Avery Senior Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Notes Receivable, Face Amount				7,655,908
Payments to Acquire Loans Held-for-investment		$ 10,300,000
Number of Units in Real Estate Property \| unit		548
Montgomery Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payments to Acquire Loans Held-for-investment			$ 4,100,000
Number of Units in Real Estate Property \| unit			156
The Avery Mezzanine Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Notes Receivable, Face Amount				$ 1,802,408
Payments to Acquire Loans Held-for-investment		$ 2,300,000
Number of Units in Real Estate Property \| unit		548
London Interbank Offered Rate (LIBOR) [Member] \| Atlantis Mezzanine Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Basis Spread on Variable Rate				6.67%	6.67%
London Interbank Offered Rate (LIBOR) [Member] \| IMC/AMC Bond Investment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Basis Spread on Variable Rate				6.15%	6.15%
London Interbank Offered Rate (LIBOR) [Member] \| The Avery Senior Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Basis Spread on Variable Rate		7.30%
London Interbank Offered Rate (LIBOR) [Member] \| Montgomery Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Basis Spread on Variable Rate			7.00%
London Interbank Offered Rate (LIBOR) [Member] \| The Avery Mezzanine Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Basis Spread on Variable Rate		12.50%

Investment in Real Estate-Related Loan and Securities- Floating Rate CMBS (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Face Amount	$ 19,760,000	$ 25,841,000
Fair Value	$ 19,511,008	$ 24,713,595

Accounts and Other Receivables and Other Assets (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Accounts receivable	$ 1,258,307	$ 949,714
Straight-line rent receivable	2,252,699	1,954,662
Interest receivable	293,873	325,602
Allowance for doubtful accounts	(48,768)	(155,519)
Total accounts and other receivables, net	3,756,111	3,074,459
Deposits	6,808,716	474,306
Prepaid expenses	2,181,765	545,441
Capitalized fees	13,292	0
Derivative Asset	1,430,697	0
Derivative	0	626,224
Interest rate cap	83,561	86,000
Total other assets	$ 10,518,031	$ 1,105,747

Accounts Payable, Accrued Expenses and Other Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Real estate taxes payable	$ 2,350,065	$ 624,961
Accounts payable and accrued expenses	6,615,746	2,322,523
Prepaid rent	1,044,844	1,007,729
Accrued interest expense	509,213	326,586
Tenant security deposits	1,286,365	632,837
Derivative	0	626,224
Distribution payable	2,822,987	768,521
Investor redemptions	1,593,971	0
Total accounts payable, accrued expenses and other liabilities	16,223,191	$ 6,309,381
Long-term Debt, Gross	842,410,831
Interest Rate Swap
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 33,800,000
Derivative, Basis Spread on Variable Rate	0.7225%

Mortgage Loans (Details) - USD ($)	1 Months Ended	12 Months Ended
Mortgage Loans (Details) - USD ($)	Nov. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Proceeds from Issuance of Secured Debt		$ 244,401,821	$ 0	$ 0
Unsecured revolving credit facility		105,000,000	0
Line of Credit [Member] \| Secured Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 250,000,000	400,000,000
Unsecured revolving credit facility		244,400,000
Line of Credit [Member] \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 125,000,000
Unsecured revolving credit facility		$ 105,000,000
London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit [Member] \| Secured Debt
Debt Instrument [Line Items]
Basis spread on variable rate	1.95%
London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit [Member] \| Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
Anzio Apartment Mortgage [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.59%
Two Liberty Center Mortgage [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Ezlyn Mortgage [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		3.38%
Lakes Mortgage \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.55%
Mortgage Loans
Debt Instrument [Line Items]
Proceeds from Issuance of Secured Debt		$ 315,000,000.0	71,200,000
Repayments of Secured Debt		53,000,000	$ 0
Mortgage Loans \| Ezlyn [Member]
Debt Instrument [Line Items]
Repayments of Secured Debt		$ 53,000,000

Mortgage Loans - Maturity of Mortgage Loans (Details)	Dec. 31, 2021 USD ($)
Debt Disclosure [Abstract]
2022	$ 564,151,821
2023	0
2024	62,085,155
2025	25,603,855
2026	48,700,000
Thereafter	141,870,000
Total	$ 838,793,220

Related Party Transactions - Due to Affiliate (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Due to affiliates	$ 35,890,147	$ 12,123,459
Accrued stockholder servicing fee
Related Party Transaction [Line Items]
Due to affiliates	14,219,258	0
Stock repurchase payable to Oaktree Adviser for management and performance fees
Related Party Transaction [Line Items]
Due to affiliates	6,682,115	2,648,988
Advanced organization and offering costs
Related Party Transaction [Line Items]
Due to affiliates	12,022,148	6,674,675
Accrued performance fee
Related Party Transaction [Line Items]
Due to affiliates	0	2,415,783
Accrued performance participation allocation
Related Party Transaction [Line Items]
Due to affiliates	2,345,920	0
Accrued management fee
Related Party Transaction [Line Items]
Due to affiliates	$ 620,706	$ 384,013

Stockholder's Equity - Dividends (Details) - USD ($)																										12 Months Ended
Stockholder's Equity - Dividends (Details) - USD ($)	Dec. 29, 2021	Nov. 29, 2021	Oct. 08, 2021	Sep. 29, 2021	Aug. 30, 2021	Jul. 29, 2021	Jun. 29, 2021	May 27, 2021	Apr. 29, 2021	Mar. 30, 2021	Feb. 25, 2021	Jan. 28, 2021	Dec. 30, 2020	Nov. 25, 2020	Oct. 29, 2020	Sep. 29, 2020	Aug. 28, 2020	Jul. 30, 2020	Jun. 30, 2020	May 29, 2020	Apr. 30, 2020	Mar. 30, 2020	Feb. 27, 2020	Jan. 30, 2020	Dec. 31, 2019	Dec. 31, 2021
Common Stock Class S
Class of Stock [Line Items]
Dividends, Common Stock, Cash	$ 0.0454	$ 0.0443	$ 0.0391	$ 0.0367	$ 0.0358	$ 0.0355	$ 0.0355	$ 0.0350	$ 0.0348	$ 0.0346	$ 0.0352	$ 0.0344	$ 0.0342	$ 0.0320	$ 0.0294	$ 0.0295	$ 0.0293	$ 0.0291	$ 0.0293	$ 0.0288	$ 0.0272	$ 0.0267	$ 0.0272	$ 0.0222	$ 0.0189	$ 0.8101
Class I common stock
Class of Stock [Line Items]
Dividends, Common Stock, Cash	0.0539	0.0524	0.0474	0.0443	0.0435	0.0433	0.0430	0.0427	0.0422	0.0422	0.0420	0.0420	0.0417	0.0392	0.0369	0.0367	0.0367	0.0365	0.0365	0.0361	0.0344	0.0341	0.0341	0.0294	0.0250	0.9962
Class T common stock
Class of Stock [Line Items]
Dividends, Common Stock, Cash	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Class D common stock
Class of Stock [Line Items]
Dividends, Common Stock, Cash	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Class C common stock
Class of Stock [Line Items]
Dividends, Common Stock, Cash	0.0539	0.0524	0.0474	0.0443	0.0435	0.0433	0.0430	0.0427	0.0422	0.0422	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.4549
Class E common stock
Class of Stock [Line Items]
Dividends, Common Stock, Cash	$ 0.0539	$ 0.0524	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0.1063

Stockholder's Equity (Details)	12 Months Ended
Stockholder's Equity (Details)	Dec. 31, 2021 USD ($)
Redeemable Noncontrolling Interest [Roll Forward]
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$ 0
Limited Partner Asset Contributions	148,175,420
Limited Partner Cash Contribution	45,000,000
Payments for Repurchase of Redeemable Noncontrolling Interest	0
Redeemable Noncontrolling Interest, Income Allocation	2,577,946
Partners' Capital Account, Distributions	(1,521,446)
Distributions reinvested	648,741
Fair Value Allocation	5,205,194
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$ 200,085,855

Five Year Minimum Rental Payments (Details)	Dec. 31, 2021 USD ($)
Leases [Abstract]
2020	$ 29,458,056
2021	29,539,552
2022	26,399,968
2023	25,268,495
2024	22,583,615
Thereafter	153,156,778
Total	$ 286,406,464

Segment Reporting (Details)	12 Months Ended
Segment Reporting (Details)	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment	6
Segment Reporting Information [Line Items]
Total assets	$ 1,374,713,439	$ 440,873,609
Rental revenues	34,787,101	24,145,212	$ 7,128,209
Other revenues	2,590,843	1,141,058	411,698
Revenues	37,377,944	25,286,270	7,539,907
Rental property operating	15,464,896	10,211,237	3,071,766
Income from real estate-related loans and securities	5,442,640	4,908,074	2,305,721
Realized gain on real estate investments, net	21,492,660	144,484	0
Unrealized gain on investments, net	1,837,051	2,416,703	0
Segment net operating income	21,913,048	15,075,033	4,468,141
Depreciation and amortization	18,369,770	13,481,013	5,012,259
General and administrative	7,057,292	3,473,954	1,616,252
Organizational costs	3,459,158
Management fee	2,650,543	1,170,717	0
Performance fee	5,143,197	2,215,134	200,649
Performance participation allocation	2,345,920	0	0
Interest Expense	6,758,138	4,948,496	4,048,089
Net Income (Loss) Attributable to Parent	2,506,101	(2,437,851)	(4,722,878)
Net Income (Loss) Attributable to Noncontrolling Interest	182,666	307,169	265,570
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	4,901,381	(2,745,020)	(4,988,448)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest and Interests In Joint Ventures	2,395,280
Multifamily
Segment Reporting Information [Line Items]
Rental revenues			4,245,057
Other revenues			164,948
Revenues			4,410,005
Rental property operating			2,009,938
Segment net operating income			2,400,067
Depreciation and amortization			3,381,811
Multifamily \| Operating Segments
Segment Reporting Information [Line Items]
Total assets	583,308,458	204,408,015
Rental revenues	21,179,913	11,681,669
Other revenues	1,983,134	496,052
Revenues	23,163,047	12,177,721
Rental property operating	9,707,493	4,859,445
Income from real estate-related loans and securities	0	0
Realized gain on real estate investments, net	19,590,194	0
Unrealized gain on investments, net	0	0
Segment net operating income	13,455,554	7,318,276
Depreciation and amortization	10,258,624	6,372,127
Office
Segment Reporting Information [Line Items]
Rental revenues			2,883,152
Other revenues			246,750
Revenues			3,129,902
Rental property operating			1,061,828
Segment net operating income			2,068,074
Depreciation and amortization			1,630,448
Office \| Operating Segments
Segment Reporting Information [Line Items]
Total assets	126,966,165	134,521,921
Rental revenues	12,470,952	12,463,543
Other revenues	607,709	645,006
Revenues	13,078,661	13,108,549
Rental property operating	5,494,996	5,351,792
Income from real estate-related loans and securities	0	0
Realized gain on real estate investments, net	0	0
Unrealized gain on investments, net	0	(626,224)
Segment net operating income	7,583,665	7,756,757
Depreciation and amortization	7,231,085	7,108,886
Logistics \| Operating Segments
Segment Reporting Information [Line Items]
Total assets	74,038,737	0
Rental revenues	418,694
Other revenues	0
Revenues	418,694
Rental property operating	147,828
Income from real estate-related loans and securities	0
Realized gain on real estate investments, net	0
Unrealized gain on investments, net	0
Segment net operating income	270,866
Depreciation and amortization	479,640
Alternatives \| Operating Segments
Segment Reporting Information [Line Items]
Total assets	332,796,506	0
Rental revenues	717,542
Other revenues	0
Revenues	717,542
Rental property operating	114,579
Income from real estate-related loans and securities	0
Realized gain on real estate investments, net	0
Unrealized gain on investments, net	0
Segment net operating income	602,963
Depreciation and amortization	400,421
Investments in unconsolidated entities \| Operating Segments
Segment Reporting Information [Line Items]
Total assets	129,671,086	0
Rental revenues	0
Other revenues	0
Revenues	0
Rental property operating	0
Income from real estate-related loans and securities	0
Realized gain on real estate investments, net	0
Unrealized gain on investments, net	1,658,118
Segment net operating income	0
Depreciation and amortization	0
Real estate-related loans and securities
Segment Reporting Information [Line Items]
Rental revenues			0
Other revenues			0
Revenues			0
Income from real estate-related loans and securities			2,305,721
Segment net operating income			0
Real estate-related loans and securities \| Operating Segments
Segment Reporting Information [Line Items]
Total assets	55,074,378	74,464,566
Rental revenues	0	0
Other revenues	0	0
Revenues	0	0
Rental property operating	0	0
Income from real estate-related loans and securities	5,442,640	4,908,074	$ 2,305,721
Realized gain on real estate investments, net	1,902,466	144,484
Unrealized gain on investments, net	178,933	3,042,927
Segment net operating income	0	0
Depreciation and amortization	0	0
Corporate and Other \| Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total assets	$ 72,858,109	$ 27,479,107