Why Blackstone is buying homes again

Private equity giant Blackstone owns over 274,000 rental homes through BREIT, a narrow slice of its real estate division. The company was formed in 1985 and diversified early, creating its real estate division in 1991. Today, Blackstone's real estate portfolio is weighted toward rentals concentrated in the U.S. Sun Belt and coastal cities. The company is now pursuing build-to-rent and affordable housing projects as many U.S. regions remain supply-constrained.

Note: This video has been corrected to reflect that Home Partners of America shuttered in 2025. Additionally, the video now contains a comment from Blackstone regarding its management of Stuyvesant Town-Peter Cooper Village.