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, and to make a positive impact on the communities in which we invest.
$187B
Investor Capital Under Management
$368B
Value of Global Real Estate Portfolio
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 approximately 550 real estate professionals in 11 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 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. We have invested successfully through all market cycles and across the entire risk spectrum.
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+ strategy features stabilized real estate with a long investment horizon and moderate leverage, where we can unlock additional value through focused asset management. Our BPP funds focus on industrial, residential, office and retail assets in global gateway cities. Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT, focuses on income-generating assets primarily in the top 50 U.S. markets.
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.
“One of the most exciting things about our business is the scope of what we’re able to do given our people, scale, experience and differentiated strategies.”
KENNETH CAPLANGLOBAL CO-HEAD OF REAL ESTATE
“We are high-conviction, thematic investors. We outperform by concentrating our capital in our best ideas.”
KATHLEEN MCCARTHYGLOBAL CO-HEAD OF REAL ESTATE
Our Portfolio
Our real estate portfolio includes logistics, rental housing, office, hospitality and retail properties around the world.
CORE+
Stuyvesant Town
Stuyvesant Town-Peter Cooper Village is a high-quality apartment community totaling over 11,200 units in 56 buildings on 80 acres in Manhattan. In collaboration with the City of New York, we preserved 5,000 affordable apartments for 20 years through our acquisition. In 2019, we completed our installation of the largest private multifamily residential rooftop solar project in the U.S. at the property, and became the first multifamily community in New York State to receive a LEED Platinum certification.
CORE+
European Logistics Portfolio
We have capitalized on continued e‑commerce tailwinds and strong logistics fundamentals in Europe by assembling a large logistics portfolio along key strategic distribution corridors. Our portfolio is comprised of high-quality assets located in major logistics hubs in countries such as Germany, France, the U.K. and Spain. The portfolio benefits from robust tenant demand as continued e-commerce growth has driven an increased need for well‑located warehouses across Europe.
CORE+
The Arch Company
In 2019 we acquired The Arch Company (formerly known as Network Rail), a high-quality portfolio of primarily infill railway arches concentrated in Central London around key transport hubs. The portfolio is unique in its character and function, comprised of over 5,200 rental units with diverse uses including last mile logistics and storage, retail, food and beverage, office and leisure. We are committed to improving tenant experiences and providing attractive spaces for local businesses to grow, thus contributing to the long-term growth and revitalization of their communities.
OPPORTUNISTIC
The Cosmopolitan
The Cosmopolitan of Las Vegas is an iconic, luxury resort hotel and casino located in the heart of the Las Vegas Strip. Since acquiring the property, we have focused on improving operating performance and providing an excellent customer experience. We converted underutilized space into new rooms, introduced fresh restaurant concepts and upgraded the high-end gaming experience. The resort was named in the Condé Nast Traveler Gold List 2018 as one of the “Top Hotels in the World,” pointing to the success of our “fix it” technique.
CORE+
BioMed
We recognized the opportunity to acquire BioMed Realty Trust, a publicly traded life science office REIT, in 2016, based on our belief in the long-term fundamentals of the life sciences sector, particularly in locations with top-tier educational and research institutions. BioMed provides purpose-built facilities to support mission-critical research by leading scientists and institutions and provides companies with campuses that help them attract and retain top talent. BioMed owns and operates high-quality life science real estate comprising 11-million-square feet located in the leading innovation markets throughout the U.S. and U.K.
OPPORTUNISTIC
India Office
We are the largest owner of Class A office space in India, with a portfolio spanning over 70 million square feet across key office markets and IT hubs. Since our first investment in 2011, we have built a portfolio that provides high-quality facilities and infrastructure to ensure a comfortable and enriching environment for our largely multinational tenants. Given employers’ increasing demand for highly-skilled workers, we believe this sector is especially poised for growth in the coming years.
Note: All figures as of December 31, 2020, unless otherwise indicated. Investor capital under management includes co-investments and Blackstone’s GP and side-by-side commitments, as applicable.