Blackstone (real estate) vs Brookfield (real estate)
Not investment advice. This section describes what companies disclose in their filings. It does not recommend buying, selling or holding any security or fund. Past performance does not predict future results. Read the offering documents and consider talking to a licensed financial adviser before investing.
Last verified: 2026-10-20
Both are huge, but they report differently. Blackstone gives a real estate–only AUM figure. Brookfield gives firm-wide fee-bearing capital and owns a property company outright.
Blackstone (real estate)
UnscoredWins when: you want a pure-play real estate manager with a big individual-investor product.
Brookfield (real estate)
UnscoredWins when: you want a manager that also owns and operates property on its own balance sheet.
Side by side
| Item | Blackstone (real estate) | Brookfield (real estate) |
|---|---|---|
| Headline figure | $319.3B real estate Total AUM | $603B fee-bearing capital (all strategies) |
| Retail product | BREIT (non-listed REIT) | Not covered in the passages we read |
| Owns property directly | Through funds | Yes, via 100%-owned Brookfield Property Group |
| Source | 10-K | 40-F annual information form |
Figures are from each company’s 2025 annual filing (Dec 31, 2025 unless noted) or, where marked, its own site. Read 2026-10-20. Neither is scored.
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Comparison published.
Sources
- Blackstone Inc. Form 10-K for 2025 · accessed 2026-10-20
- Brookfield Corporation 2025 Annual Information Form (40-F exhibit 99.1) · accessed 2026-10-20