The Blackstone Group Inc.’s Property AUM Up
June 4, 2020 | Jim Sprow | Blue Vault
Property assets under management by The Blackstone Group Inc. increased 23% to €248.5 billion ($313.1 billion at $1.26 per pound) in 2019, making the private equity giant world’s largest real estate manager for a fourth consecutive year, London’s Financial Times reported, citing an annual ranking by Inrev, the European association that represents investors in non-listed real estate vehicles. As of March 31, 2020, Blackstone Real Estate Income Trust, Inc., Blackstone’s continuously offered nontraded REIT, reported total assets of $37.1 billion, up from $14.7 billion as of March 31, 2019.
Sources: S&P Global Market Intelligence, Blue Vault
