Blackstone

Blackstone is the world's largest alternative asset manager, with roughly $1.3 trillion in total AUM and a real estate platform commanding about $319 billion of investor capital as of year-end 2025—an order of magnitude…

Overview

Blackstone is the world's largest alternative asset manager, with roughly $1.3 trillion in total AUM and a real estate platform commanding about $319 billion of investor capital as of year-end 2025—an order of magnitude beyond any dedicated DST sponsor. Its retail real estate flagship, the Blackstone Real Estate Income Trust (BREIT), is a perpetual-life non-traded REIT carrying roughly $53 billion in NAV and concentrated in the secular winners of data centers, logistics and rental housing. With perpetual capital approaching 40% of the firm and a long-run track record on its largest BREIT share class near a 9.4% annualized return since inception, Blackstone offers institutional scale and sector positioning that define the high end of the market—though its 1031/DST activity is a small adjunct to a vast machine.

Key strategies & advantages

• Commands roughly $319 billion of real estate investor capital, the largest such platform globally.
• Operates BREIT, a perpetual-life non-traded REIT (~$53 billion NAV), its primary 1031/DST conduit.
• Concentrates the portfolio in data centers, logistics and rental housing, the secular winners.
• Derives ~40% of firm AUM from perpetual capital, insulating it from redemption and vintage pressures.
• Has delivered ~9.4% annualized on its largest BREIT share class since inception, a verifiable record.

Track record

Baker 1031 does not yet have full-cycle, deal-by-deal results for Blackstone in its dataset. Aggregate figures above, where shown, are sponsor-reported and not independently verified. Past performance does not guarantee future results.

Current offerings from this sponsor

Baker 1031 tracks this sponsor’s active DST and 1031-eligible offerings. Verified investors can review what’s currently available. Browse current offerings →

Sponsor figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. This profile is educational and is not investment advice or an offer to sell or a solicitation to buy any security. Offerings are available only to accredited investors and are made solely through the sponsor’s Private Placement Memorandum. Securities offered through Aurora Securities, member FINRA/SIPC. Real estate investments involve risk, including possible loss of principal.