The following table sets forth the total assets by segment ($ in thousands): December 31, 2019 December 31, 2018 Industrial $ 10,564,172 $ 3,966,796 Multifamily 9,695,916 5,396,457 Net Lease 4,271,196  Hotel 2,427,554 1,268,992 Retail 419,198 136,273 Office 138,912  Other Properties 145,411  Real estate debt 4,565,385 2,281,033 Other (Corporate) 812,079 187,607 Total assets $ 33,039,823 $ 13,237,158 The following table sets forth the financial results by segment for the year ended December 31, 2019 ($ in thousands): Industrial Multifamily Net Lease Hotel Retail Office Other Properties Real Estate Debt Total Revenues: Rental revenue $ 461,939 $ 673,173 $ 42,317 $  $ 15,869 $ 2,124 $ 6,191 $  $ 1,201,613 Hotel revenue    432,892     432,892 Other revenue 2,312 39,340  8,858 398 81 778  51,767 Total revenues 464,251 712,513 42,317 441,750 16,267 2,205 6,969  1,686,272 Expenses: Rental property operating 137,401 322,773   5,539 799 3,454  469,966 Hotel operating    304,710     304,710 Total expenses 137,401 322,773  304,710 5,539 799 3,454  774,676 Income from real estate debt        213,062 213,062 Segment net operating income $ 326,850 $ 389,740 $ 42,317 $ 137,040 $ 10,728 $ 1,406 $ 3,515 $ 213,062 $ 1,124,658 Depreciation and amortization $ (291,940 ) $ (427,209 ) $ (14,858 ) $ (72,765 ) $ (8,640 ) $ (1,253 ) $ (7,374 ) $  $ (824,039 ) Other income (expense): General and administrative (18,170 ) Management fee (108,115 ) Performance participation allocation (141,396 ) Net gain on dispositions of real estate 35,035 Interest income 3,041 Interest expense (487,517 ) Other income (expense) 2,260 Net loss $ (414,243 ) Net loss attributable to non-controlling interests in third party joint ventures $ 5,671 Net loss attributable to non-controlling interests in BREIT OP 6,801 Net loss attributable to BREIT stockholders $ (401,771 ) The following table sets forth the financial results by segment for the year ended December 31, 2018 ($ in thousands): Industrial Multifamily Hotel Retail Real Estate Debt Total Revenues: Rental revenue $ 203,084 $ 345,619 $  $ 9,961 $  $ 558,664 Hotel revenue   138,433   138,433 Other revenue 578 22,945 2,485 153  26,161 Total revenues 203,662 368,564 140,918 10,114  723,258 Expenses: Rental property operating 62,824 176,800  3,469  243,093 Hotel operating   97,248   97,248 Total expenses 62,824 176,800 97,248 3,469  340,341 Income from real estate debt     55,323 55,323 Segment net operating income $ 140,838 $ 191,764 $ 43,670 $ 6,645 $ 55,323 $ 438,240 Depreciation and amortization $ (116,206 ) $ (257,201 ) $ (27,944 ) $ (4,944 ) $  $ (406,295 ) Other income (expense): General and administrative (10,982 ) Management fee (42,659 ) Performance participation allocation (37,484 ) Interest income 410 Interest expense (233,184 ) Other income (expense) 489 Net loss $ (291,465 ) Net loss attributable to non-controlling interests in third party joint ventures $ 6,188 Net loss attributable to non-controlling interests in BREIT OP 4,221 Net loss attributable to BREIT stockholders $ (281,056 ) The following table sets forth the financial results by segment for the year ended December 31, 2017 ($ in thousands): Industrial Multifamily Hotel Retail Real Estate Debt Total Revenues: Rental revenue $ 30,846 $ 86,322 $  $ 4,213 $  $ 121,381 Hotel revenue   29,916   29,916 Other revenue 12 6,589  34  6,635 Total revenues 30,858 92,911 29,916 4,247  157,932 Expenses: Rental property operating 9,265 40,831  1,019  51,115 Hotel operating   20,417   20,417 Total expenses 9,265 40,831 20,417 1,019  71,532 Income from real estate debt     17,749 17,749 Segment net operating income $ 21,593 $ 52,080 $ 9,499 $ 3,228 $ 17,749 $ 104,149 Depreciation and amortization $ (17,063 ) $ (96,732 ) $ (6,071 ) $ (1,927 ) $  $ (121,793 ) Other income (expense): General and administrative (7,692 ) Management fee (8,867 ) Performance participation allocation (16,974 ) Interest income 454 Interest expense (36,884 ) Other income (expense) 57 Net loss $ (87,550 ) Net loss attributable to non-controlling interests in third party joint ventures $ 1,292 Net loss attributable to non-controlling interests in BREIT OP  Net loss attributable to BREIT stockholders $ (86,258 )