Exceptionally High Standards for Our Residents
Invested to create and improve our residential properties globally since 2014
$17B+
Owner and expected preserver of affordable housing in the US [ 1 ]
#1
Global pensioners who benefit from our investment results
100M+
Our Approach to Rental Housing
Blackstone is incredibly proud of our investments in housing. We have spent billions of dollars through both our equity investments and lending activities to make existing communities better places to live, add to the supply of housing and create thousands of jobs in local communities around the world.
We add to the supply of housing, preserve affordability, and improve properties.
Addressing the Housing Supply Shortage
Addressing the Housing Supply Shortage
Blackstone aims to be part of the solution to the imbalance between supply and demand for housing. We add to the supply of high-quality, professionally managed rental housing with single-family, multifamily and student housing, and are working to develop new housing stock in the communities where people want to live.
Creating Community Where We Invest
Creating Community Where We Invest
Our property managers proactively engage with residents to improve their living experience. Hear directly from tenants about their communities.
Focusing on Resident Experience
Preserving Affordable Housing
Zero Evictions for Non-Payment Across US Housing Portfolio for 2+ Years
April 3, 2025
Tricon Residential Opens Two New Communities in Texas, Expanding Housing Supply
February 14, 2025
CoStar: Blackstone’s Tricon hits milestone in helping people through challenging times
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Our Approach in Action
Housing Supply
Affordable Housing
Workforce Housing
Student Housing
Housing Supply
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Adding to the Supply of Housing in the US
Blackstone is addressing the nation’s housing shortage by adding permanent housing supply through Tricon’s development platform. This scalable solution brings housing to families at a more affordable cost than homeownership.
~58k
Single-family rental homes and home sites delivered / being developed
50%
More expensive to own than rent
$1B
Pipeline of new single-family homes in the US
$1B
Additional capital projects to improve quality of existing homes
-
April Housing
April Housing provides affordable housing solutions to create great resident experiences. A key pillar of April’s mission is to preserve the affordability of their existing portfolio.
#1
Owner and expected preserver of affordable LIHTC housing in the US [ 5 ]
1,500
Affordable housing units preserved in 2024
80%+
Share of units serving residents who earn less than 60% of area median income
$500M+
Committed to improving and maintaining asset quality
StuyTown
We have completely transformed StuyTown by preserving 5,000 units as affordable housing and investing $425M+ in improvements across the property.
9,600+
Solar panels installed
~65%
Reduction in average work order completion time since 2015
#2
Largest park setting in Manhattan
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Improving Workforce Housing in San Diego
We have placed an extraordinary focus on property management and the resident experience for working families in apartments across San Diego.
In accordance with California’s rent stabilization law, AB 1482, we provide residents with transparency around rent increases. -
Investing in Student Housing
In 2022, we made a $12.8 billion strategic acquisition of American Campus Communities, the largest US student housing owner / operator. American Campus Communities delivered six unique on-campus student housing communities with over 3,800 beds in 2024. [ 9 ]
April Housing
April Housing is a leading provider of solutions and capital for the creation and preservation of high-quality affordable housing throughout the United States.
Sage Homes
Created in 2017 by Blackstone and Regis, Sage Homes is the largest provider of newly built affordable homes in England and has been for four years running contributing to much needed supply. [ 12 ] Blackstone has committed over £3.7 billion in Sage to help deliver over 19,000 new affordable homes, with 3,000 more in the pipeline. [ 13 ]
StuyTown
At StuyTown in New York City, we voluntarily preserved 5,000 units as affordable housing while investing more than $425 million into the property.
American Campus Communities
American Campus Communities is the largest owner of student housing in the United States. Their communities are purpose-built to provide the environment, amenities and resources students need to succeed, both academically and personally.
Tricon
Tricon is committed to developing new housing, including a $1 billion pipeline of new single-family homes in the US and a $2 billion pipeline of new apartments in Canada,[ 14 ] with plans to improve the quality of existing US single-family homes through an additional $1 billion of capital projects.
AIR Communities
AIR Communities’ (Apartment Income REIT Corp) portfolio comprises 70+ communities totaling 27,000+ apartment homes located in 10 states and the District of Columbia. AIR Communities’ mission is to consistently provide quality apartment homes in a respectful environment delivered by a team of people who care.
Resources
Note: All figures as of December 31, 2024, unless otherwise noted.