As Blackstone Grows, Real Risk Expands


From humble beginnings in the 1980s, The Blackstone Group has gradually transformed itself into an alternatives powerhouse. Unlike other listed private equity companies, Blackstone has expanded significantly after its initial public offering (IPO). Blackstone is not only well known for being a major private equity player, but also an influential real estate buyer. Recent transactions include buying BioMed Realty Trust, purchasing Japan Residential Investment Company and acquiring a US$ 3 billion portfolio of real estate fund interests from CalPERS. With its main office off Park Avenue, Blackstone is one of the largest residential landlords in Manhattan; one of the biggest landlords in the United States. When Blackstone’s CEO Stephen Schwarzman took the firm public it had around US$ 17.7 billion in real estate, today that amount is almost US$ 100 billion. Depending on one’s calculation methodology, Blackstone could be the largest owner of real estate in the world.

Blackstone’s Main Lines – Billions USD

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