BREIT

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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. [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]

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A real estate investment trust is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, studios, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. REITs act as a bridge between the worlds of housing and urban development on one hand, and institutional investors and financial markets on the other. They are typically categorized into commercial REITs (C-REITs) and residential REITs (R-REITs), with the latter focusing on housing assets such as apartments and single-family homes.

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