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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.
Investor Capital Under Management
$315B
Value of Global Real Estate Portfolio
$602B
Note: All figures as of December 31, 2024, unless otherwise indicated.
1. As of September 30, 2024.
1. As of September 30, 2024.
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 900 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 Strategies
We have invested successfully through all market cycles and across the entire risk spectrum.
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.
Our Opportunistic strategy focuses on investments where we can create significant value through active management, such as development, redevelopment, or operational improvements. These investments typically have higher risk/return profiles. We target properties requiring significant repositioning or re-leasing, ground-up development assets, operating companies, debt investments with equity upside, and opportunities with complexity that might deter other investors.
Our Core+ strategy focuses on high-quality, substantially stabilized assets with strong, long-term cash flow potential. These investments typically aim to provide stable income with moderate appreciation potential. Our Core+ investments target well-leased, premium properties in major global markets, typically with credit-worthy tenants in place. The strategy emphasizes sectors benefiting from long-term structural tailwinds, including logistics, rental housing, life sciences, and alternatives.
Our Debt strategy provides financing solutions across the commercial real estate debt market, including senior loans, mezzanine loans, and preferred equity investments, aiming to deliver attractive risk-adjusted returns through active management. We leverage Blackstone's extensive real estate expertise to evaluate credit opportunities and structure solutions that meet the unique needs of borrowers while managing risk. Our debt portfolios include transitional and stabilized assets across property types in North America and Europe.
News & Insights
Updates from Real Estate
Jon Gray's Outlook for Real Estate
Blackstone President Jon Gray discusses the real estate recovery and the benefits of investing before the all-clear sign.
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 on Blackstone's Top Real Estate Bets
Global Co-Head of Real Estate Nadeem Meghji discusses the ongoing recovery in commercial real estate, Blackstone's investment approach and the opportunity in data centers.
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.
What Do New Shoes Have to Do With Warehouse Space?
With more people ordering shoes online, we connected the e-commerce revolution with warehouse demand to become the world's largest private investor in logistics. For nearly 40 years, we've been investing across market cycles using our scale and data to deliver results.
The Opportunity in Student Housing
Growing enrollment in top markets, a shortage of purpose-built student housing and a history of performing through market cycles make this a high conviction theme here at Blackstone.
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.
Cross Asset Real Estate is authorized and recognized by the Financial Conduct Authority. Reference Number 644449. Clients will engage with services offered by Cross Asset Real Estate, unless otherwise stated, please see the legal documents, including the
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