Who Owns BREIT?

BREIT (Blackstone Real Estate Income Trust) was launched by Blackstone in 2017 as a real estate investment trust focused on acquiring and managing premium commercial real estate properties. The platform was designed to provide investors with access to a diversified portfolio of real assets curated by Blackstone's experienced real estate team, combining income generation with long-term value creation across cycles.

From inception, BREIT began acquiring properties across multiple sectors including rental housing, industrial warehouses, last‑mile logistics, hospitality, office, and select retail centers. The strategy emphasized thematic exposure to sectors with durable demand drivers such as e‑commerce logistics, data infrastructure, and housing undersupply, while maintaining disciplined underwriting and asset management.

In March 2018, BREIT acquired a 22‑million‑square‑foot portfolio of industrial properties from Cabot Properties for $1.8 billion, significantly expanding its industrial footprint and demonstrating the platform's ability to transact at scale. Subsequent transactions added stabilized multifamily portfolios in growth markets, single‑family rental communities, and mission‑critical logistics hubs near major population centers and ports.

During 2020–2022, BREIT actively rebalanced toward sectors that showed resilience amid shifting consumer and workplace behavior, increasing allocations to rental housing and industrial while selectively exiting non‑core office assets. Asset management initiatives included lease‑up programs, capex to modernize facilities, energy efficiency upgrades, and operational technology to enhance tenant experience and reduce operating costs.

By 2024, BREIT had surpassed $100 billion in assets under management, accounting for a meaningful share of Blackstone's overall real estate platform. The vehicle broadened its investor base through multiple share classes designed for different distribution and liquidity preferences, while continuing to prioritize prudent leverage and diversified financing sources.

Today, BREIT's portfolio has significant weight in rental housing, industrial warehouses, and data centers, complemented by hospitality and necessity‑based retail. The platform continues to expand its holdings and diversify across geographies, with a focus on high‑growth U.S. Sun Belt markets and select international gateways where demographic and supply‑demand fundamentals support cash flow durability.