16 Real Estate Acquisitions Blackstone Made in 201516 Real Estate Acquisitions Blackstone Made in 2015
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Jonathan Gray and Blackstone’s real estate division are certainly keeping busy in 2015, purchasing entire property portfolios with the same ease ordinary people pick up take-out. Their latest investment in commercial real estate involves interests in 42 real estate funds belonging to pension fund CalPERS for $3 billion. But against the backdrop of Blackstone’s overall activity that’s actually a modest buy—when we look at real estate acquisitions involving properties in the U.S. the firm spent (very roughly) $57 billion so far this year. Below we outline Blackstone’s activity since January 2015. For the sake of simplicity, we counted only deals that to some extent included domestic properties and excluded those valued at less than $300 million (because who has that kind of time?). Here’s our timeline.
