Exceptionally High Standards for the Benefit of Our Residents
~$14B
invested to create and improve our residential properties globally since 2014
6,900+
residential portfolio company employees globally
100M+
global pensioners who benefit from our investment results
Focusing on Resident Experience
~3X
increase in StuyTown’s Net Promoter Score since our investment
~20%
increase in reported resident satisfaction rates across our US multifamily investments compared to the prior ownership1
39K+
repairs completed at our San Diego housing portfolio since acquisition in August 20212
Case Study: Improving Communities in San Diego
We are leaders in protecting tenants, preserving affordability and improving properties.
In the News
January 8, 2024
April Housing and Dominium Team on Colorado Development
April 13, 2023
Blackstone Provides $31M for Phoenix Seniors Affordable Housing Development
November 14, 2022
Blackstone Backed For-profit Tops List on New Affordable Home Delivery
Principles in Action
Portfolio Spotlights
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
Created in 2017 by Blackstone and Regis, Sage Homes is the largest provider of newly built affordable homes in England and has been for three years running—in 2021, 2022 and 2023—contributing to much needed supply. Blackstone has committed over £3.7 billion to enable Sage to deliver more than 14,500 new affordable homes, with another 8,000 in the pipeline to be delivered by 2030.
StuyTown
At StuyTown in New York City, we voluntarily preserved 5,000 units as affordable housing while investing more than $425M into the property.
The NEC Group
The NEC Group is a leading UK live events business with over 45 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
Blackstone Core+ perpetual capital vehicles acquired American Campus Communities, the largest owner of student housing in the United States.
Resources
Note: All figures as of December 31, 2023, unless otherwise noted.
- Based on Google Reviews at LivCor properties and calculated using a weighted average of reviews through January 31, 2024; includes properties with at least 5 Google Reviews before and after acquisition.
- As of February 29, 2024.
- Blackstone US eviction rate as of 2019 compared to 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.