Blackstone Inc. is a publicly owned company headquartered in New York City, United States, founded in 1985 with approximately 3,170 employees. The company reported $13.8B in revenue as of 2025. It specializes in alternative investment management.
On August 13, 2026, a consortium comprising Blackstone, PSP Investments, Crestpoint, and entities linked to H&R Chief Executive Officer Tom Hofstedter agreed to acquire the remaining assets of Canada’s H&R Real Estate Investment Trust. This C$6.7 billion (USD 4.81 billion) breakup transaction will separate H&R’s U.S. residential portfolio, which GO Residential REIT will acquire, from its other assets. Earlier on the same day, Blackstone agreed to purchase a 49,000 square-foot retail and office building on Worth Avenue in Palm Beach for $86 million. Billionaire hedge funder Ken Griffin, through an entity tracing to Citadel, sold the commercial property, located on one of South Florida's wealthiest retail corridors.
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