Blackstone<\/a> had its best quarter ever for assets under management in Q4 2021. In fact, fourth-quarter assets under management inflows were greater than for any previous full year, The Wall Street Journal reports.<\/p>\nBlackstone reported $154.8B of inflows to assets under management during Q4. Inflows include capital raised and other increases in available capital, purchases and acquisitions. Overall, the behemoth reported that its income nearly doubled year-over-year in the fourth quarter, a surge helped in great part by the company’s real estate holdings. Its earnings rose to $1.4B in Q4 2021 from $748.9M during the same quarter a year earlier.<\/p>\n
A flood of new holdings pushed Blackstone\u2019s total assets under management to $880.9B at the end of 2021, up from $618.6B at the end of 2020. <\/p>\n
In the real estate sector, Blackstone enjoyed an inflow of $41.8B in assets under management for the fourth quarter and $75.3B for the year, bringing the total at the end of 2021 to $279.5B.<\/p>\n
BREIT, Blackstone’s nontraded REIT, provided a net return of about 30% for the year, as assets under management swelled by $9.9B for BREIT during the fourth quarter.<\/p>\n
Just this week, BREIT announced it was buying apartment owner Resource REIT for $3.7B in cash, the latest in the company’s streak of acquisitions. BREIT has also acquired affordable housing assets from American International Group and Home Partners of America within the past year.<\/p>\n
Blackstone also reports that its returns for opportunistic real estate in the fourth quarter were 12%, and total 2021 returns came in at a whopping 43.8%. Returns for core-plus real estate assets were a more modest 7.2% for the quarter but a more sizable 25% for the year.<\/p>\n
\u2261 Read Article<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"
Investment giant Blackstone had\u00a0its best quarter ever for assets under management in Q4 2021. In fact,\u00a0fourth-quarter assets…<\/p>\n","protected":false},"author":3464,"featured_media":167591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-article.php","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2827,2710,2737,2965],"tags":[],"class_list":["post-167686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-asset-managers","category-blackstone","category-offering-type","category-performance"],"acf":[],"yoast_head":"\n
Blackstone Had Its Best Year Ever Last Quarter - Blue Vault<\/title>\n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n