Blackstone Real Estate Investment Trust (BREIT) is a REIT (real estate investment trust) launched by Blackstone Inc. in 2017. As of 2024 it had over $100 billion in assets under management (AUM), accounting for approxomately 8% of Blackstone' AUM. 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.
References
- https://www.businessinsider.com/blackstone-breit-commercial-real-estate-fund-misled-investors-private-equity-2024-5
- https://www.nytimes.com/2024/05/07/business/dealbook/blackstone-breit-fund-debate.html