Blackstone Real Estate Income Trust (BREIT), the largest fund administered by Blackstone Group, has surpassed $50 billion since it started five years ago, according to Private Equity News.
The perpetual-life, institutional-quality real estate investment platform invests primarily in stabilized, income-generating U.S. commercial real estate across key property types, such as multifamily, industrial, hotel, retail and office.
Private Equity News reports that BREIT experienced a decline in fundraising in the early months of the pandemic, however by 2021 the REIT had raised an average of more than $2 billion per month — nearly 70 percent of all the money invested in 2021 in nontraded REITs.
Blackstone expects the fund to maintain its strong growth by expanding into new property types such as data centers, storage and student housing. Blackstone executives also expect the BREIT to perform well in an inflationary environment.
As of Dec. 31,
