Blackstone’s real estate AUM is about 10x as big as BlackRock’s and according to themselves, 42% of it is rental homes (be they single family or apartments, both short and long term). BlackRock states they do not buy single-family homes in the US, but do invest in new constructions as well as mortgages.
Blackrock is one of the 3 funds that controls the entire world. Them, Vanguard, and State Street own nearly 90% of the S&P 500 as well as eachother.
I mean that’s just AUM, same as for Blackstone. They don’t directly own it all. I myself have a 5 figure sum in BlackRock’s ETFs that will be transferred out at the beginning of May (it’s through my country’s national pension system so it took several months to get that done, but I’m going all in on Europe and Asia on non-US-managed ETFs now). If you’re in the US and have a 401k, you’re probably also one of those people whose assets are part of that nearly 90%.
Blackstone’s real estate AUM is about 10x as big as BlackRock’s and according to themselves, 42% of it is rental homes (be they single family or apartments, both short and long term). BlackRock states they do not buy single-family homes in the US, but do invest in new constructions as well as mortgages.
I mean that’s just AUM, same as for Blackstone. They don’t directly own it all. I myself have a 5 figure sum in BlackRock’s ETFs that will be transferred out at the beginning of May (it’s through my country’s national pension system so it took several months to get that done, but I’m going all in on Europe and Asia on non-US-managed ETFs now). If you’re in the US and have a 401k, you’re probably also one of those people whose assets are part of that nearly 90%.