{"id":20195,"date":"2019-01-09T16:30:24","date_gmt":"2019-01-09T14:30:24","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=20195"},"modified":"2026-04-07T14:34:51","modified_gmt":"2026-04-07T11:34:51","slug":"company-spotlight-blackstone-group","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/company-spotlight-blackstone-group\/","title":{"rendered":"Company Spotlight: The Blackstone Group"},"content":{"rendered":"

By creating a positive economic impact and value for its investors Blackstone has become one of the world\u2019s leading investment firms<\/a>. The exceptional people at Blackstone strategically invest capital to help companies grow and prosper, and the communities in which they work become better places in which to live.<\/p>\n

From $400,000 to $457 Billion In Just Over 30 Years<\/h4>\n
\"office<\/a>

Blackstone has been a major tenant at 345 Park Avenue<\/a> since 1988. In December 2018, the firm expanded its lease to include an additional four floors in the building.\u00a0<\/em><\/p><\/div>\n

Blackstone was founded 33 years ago by Stephen A. Schwarzman \u2013 the firm\u2019s Chairman and Chief Executive Officer \u2013 and Peter G. Peterson, who retired in 2008 as Senior Chairman.<\/p>\n

Starting in 1985 with only $400,000 in capital and a staff of four \u2013 including the two founders \u2013 in just over three decades Blackstone has grown to employ nearly 2,500 people in 24 offices worldwide with $457 billion in assets under management, as of September 30, 2018.<\/p>\n

Blackstone has achieved such phenomenal success in a short period of time by adhering to five core beliefs that continue to guide the firm to this day:<\/p>\n

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  1. Attract the most gifted people to Blackstone with the firm\u2019s personal setting and unique opportunities to create exciting new businesses<\/li>\n
  2. Provide the highest levels of professionalism and integrity and senior-level attention to clients and relationships<\/li>\n
  3. Invest significant amounts of the firm\u2019s money alongside clients<\/li>\n
  4. Always strive to achieve superior performance through excellence, uniqueness, and innovation<\/li>\n
  5. People \u2013 with their creativity, imagination, dedication, teamwork, and integrity \u2013 will always be the\u00a0key asset at Blackstone<\/li>\n<\/ol>\n

    Blackstone Is The World\u2019s Largest Real Estate Private Equity Firm<\/h4>\n

    Blackstone manages $120 billion in real estate assets in North and South America, Europe, and Asia. The firm\u2019s investments encompass all parts of the risk-and-reward spectrum, from core+ real estate investments to opportunistic investments, and debt.<\/p>\n

    By identifying and acquiring high-quality investments at a discount to replacement cost, Blackstone is able to generate attractive risk-adjusted returns for the firm\u2019s investors throughout all phases of the real estate cycle, and over the long term. Blackstone operates one of the leading real estate finance platforms and manages the publicly traded Blackstone Mortgage Trust, listed as BXMT on the New York Stock Exchange.<\/p>\n

    Twelve Offices, 500 Real Estate Professionals, And $250 Billion In Gross Real Estate Assets<\/h4>\n
    \"Willis<\/a>

    In 2015, Blackstone purchased the Sears Tower (currently named Willis) in Chicago for $1.3B, the highest<\/a> price ever paid for a U.S. office property outside NYC<\/em><\/p><\/div>\n

    From 12 Blackstone offices around the world, over 500 real estate professionals oversee nearly $250 billion in gross real estate assets. The commercial real estate portfolio at Blackstone includes investments in office, retail, hotel, logistics and industrial, and residential property:<\/p>\n