Housing

Exceptionally High Standards for the Benefit of Our Residents

$10B+

invested to create and improve our residential properties globally since 2013

6,200+

residential portfolio company employees globally

100M+

global pensioners who benefit from our investment results

Focusing on Resident Experience

Heart in hand icon

20%

increase in reported resident satisfaction rates across our US multifamily investments compared to the prior ownership1

upward bar graph icon

252%

increase in StuyTown’s Net Promoter Score since our investment

Buildings icon

26K+

repairs completed at our San Diego housing portfolio since acquisition in August 20212

Case Study: Impacting Residents in San Diego

We are leaders in protecting tenants, preserving affordability and improving properties.

Zero Evictions for Non-Payment Across US Housing Portfolio for 2+ Years

We aim to be leaders in protecting residents. During the pandemic, Blackstone recognized that many were experiencing extreme hardship and chose not to make a single eviction for non-payment across our US rental housing portfolio for more than two years.  Even prior to the pandemic, we had an eviction rate in the US that was less than half the historical national average.3

Preserving Affordable Housing

We are a leading owner of affordable housing in the US. In our US Low-Income Housing Tax Credit (LIHTC) portfolio, we intend to extend affordability beyond when government programs expire, ensuring thousands of homes across the country remain affordable.

Adding to the Supply of Housing

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.

In the News

January 8, 2024 

April Housing and Dominium Team on Colorado Development

April Housing Casa Azure Renderings

April 13, 2023 

Blackstone Provides $31M for Phoenix Seniors Affordable Housing Development 

Sage renderings

November 14, 2022

Blackstone Backed For-profit Tops List on New Affordable Home Delivery

Load More News

October 24, 2022

Blackstone Partners With Dominium on Phoenix Affordable Housing Development


January 31, 2022

Blackstone to Spend $1 Billion Offering Tenants Reduced Rents through new Home Partners of America Program


September 7, 2022

Affordable Housing Finance: April Housing Takes Key Steps in its First Months


May 14, 2022

Martin Luther King III: Keep building affordable housing to bring American Dream closer for all


February 23, 2022

Bloomberg: Blackstone Forms New Company for Push into Affordable Apartments


March 11, 2021

Inside Housing: For-profit Sage Raises £280M through First ESG Bond


June 18, 2020

NY1: Former Grocery Store is Now a Headquarters for Effort to Feed the Hungry

Principles in Action

Portfolio Spotlights

Affordable housing Colorado

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.

Choice Lease by Home Partners

The Choice Lease program intends to deploy at least $1 billion to offer low-to-moderate-income families and historically under-represented communities rental rates that are ~10% below market and a customized path to home ownership.

Sage Homes example

Sage Homes

Sage Homes grew to become the largest provider of newly built affordable homes in England for two years running—in 2021 and 2022—and is contributing to much needed supply. Blackstone has committed over £3.4 billion and Sage has delivered more than 10,000 new affordable homes, with another 9,000 in the pipeline to be delivered by 2026.

StuyTown, New York

StuyTown

At StuyTown in New York City, we voluntarily preserved 5,000 units as affordable housing while investing more than $375M into the property.

NEC Group

The NEC Group

The NEC Group is a leading UK live events business with over forty-five years of world-class expertise in venue and destination management. Working with Blackstone, the NEC group is set to provide 5,000 homes, transforming over 27 hectares of surface level car parking and surplus land.

American Campus Communities, Tooker House Exterior

American Campus Communities

Blackstone Core+ perpetual capital vehicles acquired American Campus Communities, the largest owner, operator and developer of purpose-built student housing communities in the United States.

Resources

Our Approach to Rental Housing
Blackstone Rental Housing in Context
Blackstone Housing Principles

Note: All figures as of December 31, 2022, unless otherwise noted.

  1. Based on Google Reviews at LivCor properties and calculated using a weighted average of reviews as of January 31, 2022 compared to January 31, 2023.
  2. As of April 30, 2023.
  3. Historical national average as of 2016.

While Blackstone believes ESG factors can enhance long-term value, Blackstone does not pursue an ESG-based investment strategy or limit its investments to those that meet specific ESG 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.