Fund manager · Investment manager
Blackstone
Assets (AUM)US$319.3bnReported 2025-12-31 (Blackstone Real Estate segment)
Deals recorded66 in the last 12 months
Bought and soldEven3 bought, 3 sold
Funds tracked58Vintages 2003–2023
Median net IRR9.0%Across 17 verified funds
Counterparties7Firms named on its deals
About
Blackstone is an investment manager headquartered in New York, United States. We track its Opportunistic, Value-Add and Core-Plus strategies.
Summary written by GREI. See sources
Deal activity by year
BoughtSold
Year of the deal where it is on record, otherwise the year the source reported it. Count of deals in the GREI record, any size.
Recent deals
Latest news
Blackstone Sells Fort Lauderdale Industrial For $57M: The South Florida Deal SheetBisnow · 6 Oct 2026April Housing Underway on $21.5M Renovation of Arlington Affordable Housing ComplexREBusiness Online · 5 Oct 2026
April Housing Obtains $366.1M Refi for 13-Property Florida PortfolioConnect CRE · 5 Oct 2026
Blackstone-backed Proxity names George Fraser-Harding head of transactionsCRE Herald · 5 Oct 2026Published by Blackstone
Fund performance dossier
Full dossier
Fund managerInvestment manager
Blackstone.
HQ: New York, United States
US$319.3bn real estate AUM, as reported by Blackstone at 2025-12-31 (Blackstone Real Estate segment). Source
Key facts
- Headquarters
- New York, United States
- Real estate AUM
- US$319.3bnas of 2025-12-31 (Blackstone Real Estate segment) Source
- Strategies
- Core/Core-Plus, core, Real Estate, Real Estate - Equity, Real Estate Equity
- Sectors
- financing-cmbs, alternatives, industrial, office, multifamily, hospitality
- Regions
- United States, Asia-Pacific, Global, Europe
- Linked on GREI
- 58 funds · 6 deals · 20 news
Strategies:Core/Core-PluscoreReal EstateReal Estate - EquityReal Estate Equity
Sectors:financing-cmbsalternativesindustrialofficemultifamilyhospitalitylife-sciencesdata-centers
Markets: United States, Asia-Pacific, Global, Europe
Connections
See every connection GREI holds for Blackstone: deals, funds, people and co-investors.
Open ConnectionsRecent activity
- Oct 2026MentionedBlackstone Sells Fort Lauderdale Industrial For $57M: The South Florida Deal SheetBisnow
- Oct 2026MentionedApril Housing Underway on $21.5M Renovation of Arlington Affordable Housing ComplexREBusiness Online
- Oct 2026MentionedApril Housing Obtains $366.1M Refi for 13-Property Florida PortfolioConnect CRE
- Oct 2026MentionedBlackstone-backed Proxity names George Fraser-Harding head of transactionsCRE Herald
- Oct 2026MentionedVoltaGrid Completes $775 Million Primary Equity Investment and Upsized $800 Million Secondary Equity InvestmentFinancial Post
- Oct 2026MentionedBlackstone Sells Fort Lauderdale Industrial Campus for $57MCommercial Observer
Funds managed
Key people
- Nadeem MeghjiGlobal Head of Blackstone Real Estate
- David LevineHead of Blackstone Real Estate Americas
Names and titles as published by Blackstone on its own website, read at the linked page. Global Real Estate Intelligence does not verify appointments or track departures, so a title here may be out of date.
Where these numbers come from
- 1.New York State Teachers' Retirement System board materials· verifies 12 funds · p.98, p.101 · checked Aug 2026nystrs.org
- 2.Pennsylvania Public School Employees' Retirement System (PSERS) board materials· verifies 10 funds · p.25, p.26 · checked Jul 2026pa.gov
- 3.New York State Teachers' Retirement System board materials· verifies 10 funds · p.94 · checked Sep 2026nystrs.org
All 95 sources
- 4.New Jersey Division of Investment board materials· verifies 9 funds · p.14, p.15 · checked Jul 2026nj.gov
- 5.New York City Employees' Retirement System (NYCERS) board materials· verifies 9 funds · p.60 · checked Jul 2026comptroller.nyc.gov
- 6.North Carolina Retirement Systems (NCRS) board materials· verifies 8 funds · p.6 · checked Jul 2026nctreasurer.gov
- 7.North Carolina (NCRS) board materials· verifies 8 funds · p.5 · checked Sep 2026nctreasurer.com
- 8.New York State Teachers' Retirement System board materials· verifies 8 funds · p.95 · checked Aug 2026nystrs.org
- 9.Pennsylvania State Employees' Retirement System (PA SERS) board materials· verifies 6 funds · p.18 · checked Aug 2026sers.pa.gov
- 10.Teachers' Retirement System of the State of Illinois board materials· verifies 6 funds · p.76 · checked Sep 2026trsil.org
- 11.State of Connecticut board materials· verifies 6 funds · p.133, p.137 · checked Sep 2026portal.ct.gov
- 12.Pennsylvania State Employees' Retirement System board materials· verifies 5 funds · p.46 · checked Sep 2026sers.pa.gov
- 13.Pennsylvania State Employees' Retirement System board materials· verifies 5 funds · p.19 · checked Jul 2026sers.pa.gov
- 14.State of Michigan Retirement System board materials· verifies 5 funds · p.44 · checked Aug 2026michigan.gov
- 15.NY State Teachers NYSTRS board materials· verifies 5 funds · p.115, p.118 · checked Aug 2026nystrs.org
- 16.North Carolina Department of State Treasurer board materials· verifies 5 funds · p.9, p.10, p.15 · checked Jul 2026nctreasurer.gov
- 17.Maine Public Employees Retirement System (MainePERS) board materials· verifies 4 funds · p.39 · checked Aug 2026mainepers.org
- 18.Maine Public Employees Retirement System (MainePERS) board materials· verifies 4 funds · p.263 · checked Aug 2026mainepers.org
- 19.Missouri State Employees' Retirement System (MOSERS) board materials· verifies 4 funds · p.77 · checked Jul 2026mosers.org
- 20.Maine Public Employees Retirement System (MainePERS) board materials· verifies 4 funds · p.195 · checked Aug 2026mainepers.org
- 21.MainePERS board materials· verifies 4 funds · p.8 · checked Aug 2026mainepers.org
- 22.MainePERS board materials· verifies 4 funds · p.14 · checked Jul 2026mainepers.org
- 23.Missouri State Employees' Retirement System (MOSERS) board materials· verifies 4 funds · p.79 · checked Jul 2026mosers.org
- 24.MainePERS board materials· verifies 4 funds · p.11, p.12 · checked Aug 2026mainepers.org
- 25.MainePERS board materials· verifies 4 funds · p.13 · checked Aug 2026mainepers.org
- 26.North Carolina (NCRS) board materials· verifies 4 funds · p.5 · checked Sep 2026nctreasurer.com
- 27.MainePERS board materials· verifies 4 funds · p.14 · checked Aug 2026mainepers.org
- 28.Missouri State Employees' Retirement System (MOSERS) board materials· verifies 4 funds · p.78 · checked Jul 2026mosers.org
- 29.Pennsylvania State Employees' Retirement System (PA SERS) board materials· verifies 4 funds · p.19 · checked Jul 2026sers.pa.gov
- 30.MainePERS board materials· verifies 4 funds · p.13 · checked Aug 2026mainepers.org
- 31.Santa Barbara County Employees' Retirement System board materials· verifies 3 funds · p.19 · checked Jul 2026sbcers.org
- 32.NY State Teachers NYSTRS board materials· verifies 3 funds · p.112 · checked Oct 2026nystrs.org
- 33.CalPERS board materials· verifies 3 funds · p.13 · checked Sep 2026calpers.ca.gov
- 34.Maine PERS board materials· verifies 3 funds · p.54 · checked Sep 2026mainepers.org
- 35.Santa Barbara County Employees' Retirement System board materials· verifies 3 funds · p.16, p.16 (SBCERS Real Estate report, Dec 31 2023, fund-level cashflow summary) · checked Jul 2026sbcers.org
- 36.Pennsylvania State Employees' Retirement System (PA SERS) board materials· verifies 3 funds · p.18 · checked Sep 2026sers.pa.gov
- 37.Santa Barbara County Employees' Retirement System board materials· verifies 3 funds · p.18 · checked Jul 2026sbcers.org
- 38.Santa Barbara County Employees' Retirement System board materials· verifies 3 funds · p.31 · checked Aug 2026sbcers.org
- 39.Oklahoma Police Pension & Retirement System board materials· verifies 3 funds · p.87, p.90 · checked Aug 2026opprs.ok.gov
- 40.Employees' Retirement System of the State of Hawaii board materials· verifies 3 funds · p.26 · checked Aug 2026ers.ehawaii.gov
- 41.Employees' Retirement System of the State of Hawaii board materials· verifies 3 funds · p.1 · checked Aug 2026ers.ehawaii.gov
- 42.Pennsylvania State Employees' Retirement System (PA SERS) board materials· verifies 3 funds · p.24, p.25 · checked Sep 2026sers.pa.gov
- 43.Maine Public Employees Retirement System (MainePERS) board materials· verifies 3 funds · p.34 · checked Jul 2026mainepers.org
- 44.New Jersey Division of Investment board materials· verifies 3 funds · p.18, p.45 · checked Sep 2026nj.gov
- 45.Public Employees' Retirement Fund (PERF) board materials· verifies 3 funds · p.1 · checked Jul 2026calpers.ca.gov
- 46.Contra Costa County Employees' Retirement Association board materials· verifies 2 funds · p.16 · checked Aug 2026cccera.gov
- 47.Pennsylvania State Employees' Retirement System board materials· verifies 2 funds · p.18 · checked Aug 2026sers.pa.gov
- 48.Pennsylvania State Employees' Retirement System (PA SERS) board materials· verifies 2 funds · p.19 · checked Aug 2026sers.pa.gov
- 49.CalPERS board materials· verifies 2 funds · p.11 · checked Jul 2026calpers.ca.gov
- 50.Pennsylvania State Employees Retirement System board materials· verifies 2 funds · p.17, p.18 · checked Aug 2026sers.pa.gov
- 51.Contra Costa County Employees' Retirement Association board materials· verifies 2 funds · p.67 · checked Aug 2026cccera.gov
- 52.Oregon Public Employees' Retirement Fund board materials· verifies 2 funds · p.1 · checked Jul 2026oregon.gov
- 53.Oregon Public Employees' Retirement Fund board materials· verifies 2 funds · p.1 · checked Jul 2026oregon.gov
- 54.Pennsylvania State Employees' Retirement System (PA SERS) board materials· verifies 2 funds · p.18 · checked Sep 2026sers.pa.gov
- 55.CalPERS board materials· verifies 2 funds · p.11, p.13 · checked Sep 2026calpers.ca.gov
- 56.Local Pensions Partnership board materials· verifies 2 funds · p.10 · checked Sep 2026lppi.co.uk
- 57.Pennsylvania SERS board materials· verifies 2 funds · p.18 · checked Oct 2026sers.pa.gov
- 58.Oregon Public Employees' Retirement Fund board materials· verifies 2 funds · p.1, p.2 · checked Jul 2026oregon.gov
- 59.Oregon Public Employees' Retirement Fund board materials· verifies 2 funds · p.1 · checked Jul 2026oregon.gov
- 60.Oregon Public Employees' Retirement Fund board materials· verifies 2 funds · p.1 · checked Jul 2026oregon.gov
- 61.Oregon Public Employees' Retirement Fund board materials· verifies 2 funds · p.1 · checked Jul 2026oregon.gov
- 62.State of New Mexico - State Investment Council board materials· verifies 2 funds · p.36 · checked Aug 2026sic.state.nm.us
- 63.New York State Common Retirement Fund board materials· verifies 1 fund · p.2 · checked Aug 2026osc.ny.gov
- 64.City of San Jose Police and Fire Department Retirement Plan board materials· verifies 1 fund · p.17 · checked Jul 2026sjretirement.com
- 65.City of San Jose Police and Fire Department Retirement Plan board materials· verifies 1 fund · p.18 · checked Aug 2026sjretirement.com
- 66.Illinois Municipal Retirement Fund (IMRF) board materials· verifies 1 fund · p.47 · checked Jul 2026imrf.org
- 67.Massachusetts Pension Reserves Investment Trust (PRIM) board materials· verifies 1 fund · p.39 · checked Aug 2026mapension.com
- 68.City of San Jose Police and Fire Department Retirement Plan board materials· verifies 1 fund · p.17 · checked Jul 2026sjretirement.com
- 69.LACERA board materials· verifies 1 fund · p.453 · checked Oct 2026lacera.com
- 70.Illinois State Board of Investment board materials· verifies 1 fund · p.87 · checked Jul 2026isbinvestment.com
- 71.Virginia Retirement System board materials· verifies 1 fund · p.162 · checked Aug 2026employers.varetire.org
- 72.City of San Jose Police and Fire Department Retirement Plan board materials· verifies 1 fund · p.17 · checked Aug 2026sjretirement.com
- 73.Chicago Teachers' Pension Fund (CTPF) board materials· verifies 1 fund · p.1 · checked Jul 2026ctpf.community.diligentoneplatform.com
- 74.Santa Barbara County Employees' Retirement System board materials· verifies 1 fund · p.28 · checked Sep 2026sbcers.org
- 75.Santa Barbara County Employees' Retirement System board materials· verifies 1 fund · p.32 · checked Sep 2026sbcers.org
- 76.Oregon State Treasury board materials· verifies 1 fund · p.14 · checked Aug 2026oregon.gov
- 77.Virginia Retirement System board materials· verifies 1 fund · p.183 · checked Sep 2026varetire.org
- 78.MainePERS board materials· verifies 1 fund · p.14 · checked Jul 2026mainepers.org
- 79.Indiana Public Retirement System (INPRS) board materials· verifies 1 fund · p.120 · checked Jul 2026in.gov
- 80.CPP Investments board materials· verifies 1 fund · p.6 · checked Sep 2026cppinvestments.com
- 81.State Universities Retirement System (SURS) board materials· verifies 1 fund · p.8 · checked Aug 2026surs.org
- 82.Teachers' Retirement System of Oklahoma board materials· verifies 1 fund · p.33-40 · checked Aug 2026oklahoma.gov
- 83.City of San Jose Police and Fire Department Retirement Plan board materials· verifies 1 fund · p.14 · checked Sep 2026sjretirement.com
- 84.Pennsylvania State Employees' Retirement System Defined Benefit Plan board materials· verifies 1 fund · p.28 · checked Jul 2026sers.pa.gov
- 85.City of San Jose Police and Fire Department Retirement Plan board materials· verifies 1 fund · p.18 · checked Aug 2026sjretirement.com
- 86.CalPERS board materials· verifies 1 fund · p.2 · checked Aug 2026calpers.ca.gov
- 87.Oregon Public Employees' Retirement Fund board materials· verifies 1 fund · p.1 · checked Jul 2026oregon.gov
- 88.Los Angeles County Employees Retirement Association board materials· verifies 1 fund · p.6 · checked Aug 2026lacera.gov
- 89.Chicago Teachers' Pension Fund (CTPF) board materials· verifies 1 fund · p.1 · checked Jul 2026ctpf.org
- 90.Contra Costa County Employees' Retirement Association board materials· verifies 1 fund · p.17 · checked Sep 2026cccera.gov
- 91.City of San Jose Police and Fire Department Retirement Plan board materials· verifies 1 fund · p.8 · checked Aug 2026sjretirement.com
- 92.Maine Public Employees Retirement System board materials· verifies 1 fund · p.69 · checked Aug 2026mainepers.org
- 93.State of New Mexico - State Investment Council board materials· verifies 1 fund · p.36 · checked Aug 2026sic.state.nm.us
- 94.City of San Jose Police and Fire Department Retirement Plan board materials· verifies 1 fund · p.18 · checked Jul 2026sjretirement.com
- 95.City of San Jose Police and Fire Department Retirement Plan board materials· verifies 1 fund · p.16 · checked Jul 2026sjretirement.com
Every verified Blackstone figure above traces to one of these public documents, at the page shown. Figures we could not verify against a source are excluded from the medians.
Fund performance dossier
Full dossier
Published by Blackstone
- Blackstone 2024 Sustainability ReportManager-authored
These documents are published by Blackstone about itself. Global Real Estate Intelligence indexes and links them; we do not verify, benchmark or endorse their contents, and the figures inside them are not comparable between managers.
Figures are extracted from public limited-partner and consultant disclosures, not GP marketing, and reconciled to one fund per row. Global Real Estate Intelligence is a neutral index; all rights in the underlying disclosures remain with their publishers.