The Blackstone Real Estate Income Trust (BREIT) has reported its latest results as of Jan. 31, 2024, showing that BREIT Class I has generated a 10.5 percent annualized return since its inception in 2017, as well as a 0.6 percent year-to-date return.
The current holdings of BREIT consist of approximately 85 percent concentration in rental housing, industrial & data centers, as well as 5 percent in net-lease assets, 3 percent in office, 3 percent in hospitality, 2 percent in retail and 1 percent in self-storage.
Roughly 70 percent of BREIT’s assets are in the South and Western United States, while 19 percent are in the East, 9 percent are in the Midwest and 4 percent are outside of the United States.
The current NAV of BREIT is $60 billion, with $114 billion of total asset value and a 95 percent occupancy rate.