BREIT
Blackstone Inc. REIT
From Wikipedia, the free encyclopedia
Blackstone Real Estate Investment Trust (BREIT) is a REIT (real estate investment trust) launched by Blackstone Inc. in 2017.
| Company type | Subsidiary |
|---|---|
| Industry | Real estate investment trust |
| Founded | 2017 |
| Headquarters | New York City, New York, U.S. |
| AUM | $100 billion (2024) |
| Parent | Blackstone Inc. |
As of 2024 it had over $100 billion in assets under management (AUM), accounting for approximately 8% of Blackstone' assets under management.[1] It is a private (non-listed) REIT, and one of the largest REITs in the world.
Blackstone appraises the value of its assets every month; this approach has been questioned.[2]
History
In February 2022 BREIT offered to buy Preferred Apartment Communities Inc, which owned about 12,000 housing units, for $5.8 billion.[3][4]
In January 2023 the company put caps on withdrawal requests after receiving over $5 billion in redemption requests.[5]
In 2023, the University of California announced an investment of $4 billion in the trust.[6] The investment was quickly met with backlash from tenants, unions, and faculty.[7]
On July 28, 2025, Wesley LePatner, the CEO of BREIT, was killed along with three other victims when a gunman targeted 345 Park Avenue, apparently in an attempt to reach the National Football League headquarters in the building.[8][9] Authorities stated that the shooter had no known direct connection to Blackstone, BREIT, or the victims.[10]
In early September 2025, Katie Keenan was appointed CEO of Blackstone’s BREIT. She also is now global head of Blackstone’s Core+ real estate business.[11]
