Blackstone’s opportunistic real estate funds declined 3.2 percent during third quarter 2026, while its core-plus real estate funds gained 1.6 percent, highlighting diverging performance across the firm’s property investment strategies, according to the company’s quarterly earnings results.
“It was a challenging quarter with markets, energy prices up 30 percent, the 10-year Treasury up 80 basis points. But the key for us is we delivered for our clients across the board. Our flagship strategies beat comparable public market indices, and that’s what we care most about,” said Jon Gray, president of Blackstone, during an Oct. 22 interview with CNBC.
The decline in opportunistic real estate reflected valuation markdowns on certain holdings, including European properties and U.S. multifamily assets, amid higher interest rates and
