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Real Estate

Blackstone Real Estate Income Trust

Formation2016
CategoryREIT
Net Assets

$20.0B

NAV YoY

−28%

Deeper Analysis

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Reported as of September 2025

Principal Portfolio Holdings

HoldingValueAllocation
Unconsolidated Joint Ventures, At Fair Value
$3.9B19.65%
Industrial Investments At Fair Value
$3.1B15.60%
Unconsolidated Joint Ventures, At Historical Cost
$2.2B11.03%
Proprietary Exposure
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Proprietary Exposure
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About This Fund

Blackstone Real Estate Income Trust is a non-listed, perpetual-life REIT that invests primarily in stabilized commercial real estate across asset classes in the United States. The fund focuses on high conviction, thematic investing concentrated in rental housing, industrial, and data centers, with 66% of investments in Sunbelt markets. BREIT emphasizes income-generating properties with 93% occupancy and targets current income through monthly distributions.