Real Estate
We are a global leader in real estate investing. We seek to utilize our global expertise and presence to generate attractive returns for our investors in any environment.
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Investor Capital Under Management
$320B
Value of Global Real Estate Portfolio1
$611B
Note: All figures as of September 30, 2025, unless otherwise indicated.
1. As of June 30, 2025.
WHAT WE DO
We invest thematically in high-quality assets, focusing where we see outsized growth potential driven by global economic and demographic trends.
Conviction
Our vast portfolio provides us with proprietary information across every major real estate asset class in virtually every major market around the world, allowing us to identify themes and invest capital with conviction.
Connectivity
Our people are our advantage. Our team of nearly 850 real estate professionals across 12 offices operates as one globally integrated business, allowing us to identify the opportunities and limits of each potential transaction through one investment review process.
Scale
Scale is one of our greatest strengths. The breadth of our existing portfolio gives us differentiated perspectives across sectors and geographies, while our significant discretionary capital base enables us to execute large and complex transactions.
OUR Real Estate Investment STRATEGIES
Since we started investing in real estate in 1991, the growth of our business across both products and geographies has expanded our ability to provide practical and diverse solutions to our limited partners.
Opportunistic
Our opportunistic business seeks to acquire undermanaged, well-located assets across the world. In connection with these acquisitions, we build businesses that are set up to manage the underlying properties and ultimately maximize their value by instituting best-in-class management. Post-acquisition, we also invest in the properties to improve them before selling the assets and returning capital to our limited partners.
Core+
Our Core+ business features stabilized real estate with a long investment horizon and moderate leverage, where we can unlock additional value through focused asset management. Our institutional North America, Europe and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities. The Core+ Real Estate business also comprises strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstone’s European yield-oriented strategy.
Debt
Our real estate debt business provides creative and comprehensive financing solutions across the capital structure and risk spectrum. We originate loans and invest in debt securities underpinned by high-quality real estate. We manage Blackstone Mortgage Trust (NYSE: BXMT), a leading real estate finance company that originates senior loans collateralized by commercial real estate.
OUR Real Estate Investment STRATEGIES
Since we started investing in real estate in 1991, the growth of our business across both products and geographies has expanded our ability to provide practical and diverse solutions to our limited partners.
Opportunistic
Our opportunistic real estate strategy targets undermanaged, high-quality assets in attractive markets globally. We seek to invest thematically, focusing where we see outsized growth potential driven by economic and demographic trends.
Core+
Our Core+ business features stabilized real estate with a long investment horizon and moderate leverage, where we can unlock additional value through focused asset management. Our institutional North America, Europe and Asia Core+ strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities.
Debt
Our real estate debt business provides creative and comprehensive financing solutions across the capital structure and risk spectrum. We originate loans and invest in debt securities underpinned by high-quality real estate.
Spotlight Investment Areas: Data Centers & WAREHOUSES
Blackstone is the largest data center provider in the world.
Interviewing AI on Blackstone’s Investments in Data Centers
Interviewing AI on Blackstone’s Investments in Data Centers
Head of Digital Infrastructure for Blackstone Real Estate Mike Forman and Chief Executive Officer of Blackstone Infrastructure Strategies Greg Blank discuss our global data center strategy with a special guest — AI.
Blackstone is the largest private owner of warehouses in the world.
What Does Pickleball Have to Do With Warehouse Demand?
What Does Pickleball Have to Do With Warehouse Demand?
Trends move fast. To keep up, cities need warehouses closer to home. That’s why Blackstone invested early in the e-commerce revolution and is now the largest private investor in logistics globally. For 40 years, we’ve been investing across market cycles using our scale and data to deliver results.
CAREER OPPORTUNITIES
Take the next step in your real estate career by exploring opportunities at Blackstone and our portfolio companies.
Note: Information in “Our RE Portfolio Companies” under “Career Opportunities” is being provided by Blackstone for informational purposes only. All hiring decisions are made by each applicable portfolio company.
LEARN MORE ABOUT PRIVATE REAL ESTATE Investing
Essentials of Private Real Estate
Essentials of Private Real Estate
Gain an understanding of the potential benefits and considerations of private real estate, including inflation hedging and lower volatility relative to public REITS.
News & Insights
Nadeem Meghji on Evolving to Outperform
Global Co-Head of Real Estate Nadeem Meghji discusses the asset types, geographies, and capital sources driving performance and growth across the industry.
Kathleen McCarthy on the Real Estate Recovery
Global Co-Head of Real Estate Kathleen McCarthy explains why we believe commercial real estate is on the path to recovery and shares the signs giving Blackstone confidence in the sector.
Nadeem Meghji: One Year on the Job
Global Co-Head of Real Estate Nadeem Meghji reflects on one year in his new role and what’s ahead for the business.
While Blackstone believes sustainability factors can enhance long-term value, Blackstone does not pursue a sustainability-based investment strategy or limit its investments to those that meet specific sustainability criteria or standards, except with respect to products or strategies that are explicitly designated as doing so in their offering documents or other applicable governing documents. Any such considerations do not qualify Blackstone’s objectives to maximize risk-adjusted returns.