Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Blackstone headquarters in New York City Blackstone’s Midtown Manhattan headquarters; the company is the world’s largest real estate investor, with real estate AUM now exceeding $111 billion.

NEW YORK CITY—The Blackstone Group’s largest segment globally by assets under management has grown even larger. The investment giant said Thursday its real estate AUM increased 9% over the past 12 months to $111.3 billion, a faster year-over-year growth rate than that of the company’s portfolio as a whole, with fee-earning AUM growing 14% from the year-ago period. Overall, Blackstone’s AUM reached $387.4 billion in the third quarter, a new record for the company.

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.

More from this author


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.