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Blackstone headquarters in New York City Blackstone headquarters; commercial real estate is now its first segment to top $100 billion in assets under management.

NEW YORK CITY—Given the Blackstone Group’s extensive global activity in commercial real estate, it was only a matter of time before its assets under management in the sector exceeded $100 billion. In the first quarter of this year, the company’s real estate AUM reached $101.1 billion worldwide, making it Blackstone’s first segment to surpass the $100-billion threshold.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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