this post was submitted on 15 Jun 2024
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Blackrock has $10T of assets managed vs. Blackstone's $1T, so definitely not smaller. They just have different focuses (real estate and private equity for Blackstone, and traditional stocks for Blackrock), and have been separate companies for a while.
You're right. Thank you for the correction, I worded that poorly. I meant to indicate that they own a much smaller amount of commercial properties.