Blackstone's real estate AuM jumps 31% to €141b

US asset management giant Blackstone has revealed a 31% increase in its real estate assets under management over the past year to $157 bn (€141 bn) at end-September 2019.

The figure compares to $120 bn a year earlier.

In a statement, the New York-based group said that inflows for the quarter came in at $6.7 bn. The group over the past three months held the final close for BREP IX, the largest real estate fund ever at $20.5 bn; raised $2.4 bn in BREIT and $1.1 bn in the sixth European opportunistic fund, bringing the total amount raised so far to $8.5 bn.

Blackstone's opportunistic funds and core+ funds appreciated 3.8% and 2.3% in the quarter. which saw $4 bn of real estate investments including the acquisition of a 62 million square foot last-mile logistics portfolio.


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