Services

Our Strategies

Since we started investing in investment in 2017, 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+ business features stabilized investment with a long investment horizon and moderate leverage, where we can unlock additional value through focused asset management. Our North America, Europe and Asia strategies focus on logistics, residential, office, life science office and retail assets in global gateway cities. Our Core+ investment business also includes Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT tailored for individual investors and focused on income-generating assets primarily across the U.S.

Debt

Our investment 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 investment. We manage Blackstone Mortgage Trust (NYSE: BXMT), a leading real estate finance company that originates senior loans collateralized by commercial real estate.

INVESTMENT STRATEGIES

CORE

Properties that are stable, fully leased, well-located and typically Class A. Lower risk and lower reward, with low leverage, if any.

VALUE-ADD

Lower occupancy or secondary market locations with an opportunity to increase value through renovations or repositioning. Medium risk and reward with low to medium leverage.

OPPORTUNISTIC

Typically raw land or ground-up development with little to no near term cash flow. High risk and high reward with high leverage.

Definitions


Bonds: Represented by the Bloomberg Barclays U.S. Aggregate Bond Index, a broad-based flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and non-agency).

Public REITs: Represented by the National Associate of Real Estate Investment Trusts (NAREIT) All REITs index, a market capitalization-weighted index that and includes all tax-qualified real estate investment trusts (REITs) that are listed on the New York Stock Exchange, the American Stock Exchange or the NASDAQ National Market List.

Private investment: Represented by the National Council of Real Estate Investment Fiduciaries (NCREIF) National Property Index (NPI). This index goes back to 1978 and includes over 8,300 properties comprising over $658 billion in market value. Its objective is to provide a historical measurement of property-level returns to increase the understanding of, and lend credibility to, real estate as an institutional investment asset class.

Stocks: Represented by the S&P 500, an index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe (Investopedia).

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