During the review period, Blackstone concentrated its North American real estate strategy on high-demand asset classes, with a particular emphasis on multi-family residential rentals, industrial properties, and data centres. Through its Blackstone Real Estate Income Trust (BREIT), Blackstone’s portfolio has grown significantly and has maintained a high occupancy rate, at approximately 94%, and steady returns, underlining its successful strategy of focusing on stabilized, income-generating assets.
The investment manager concluded significant high-profile transactions during the review period, which included its acquisition of Apartment Income REIT Corp in April 2024 for approximately $10 billion, one of its largest multi-family property investments.
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