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Fuck BlackRock
(lemmy.dbzer0.com)
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this post was submitted on 25 Apr 2026
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Does BlackRock own a lot of real estate?
Yes, BlackRock is one of the largest real estate investors in the world, with over $60 billion in total real estate assets under management.
https://bestrealestatemarket.com/real-estate-does-blackrock-own/
🤔
That figure itself is likely wrong, because this is a 3rd party website with very weird grammar, other sources (including Blackrock's website) point towards more like 30 billion or less. It's also tiny compared to Blackstone.
Blackstone has 300 billion in AUM in their real estate funds and 600 billion as their global real estate portfolio and according to themselves, 42% of it is homes they rent out
BlackRock's public statement is also that they do not buy single family homes in the US. They finance construction and mortgages, though, so they still profit off it, but not from rent.
Also, BlackRock's CEO has been advocating for the importance of ESG (Environmental, Sustainability, Governance) in investment funds to the point that multiple red states refused to do business with BlackRock. Fink was on good terms with Obama and was going to be Clinton's treasury secretary if she'd won.
Meanwhile, Blackstone's CEO is a longtime friend of Donald Trump and compared Obama's carried interest tax hike plans Hitler invading Poland.
They're both gigantic corporations and no billionaire is your friend, but there's one that's trying to be about as good as you can be while still being a bloodsucking billionaire running a trillion dollar megacorp, whereas the other also actively wants to make the world a worse place. And the former always gets the attention for what the latter is doing, because the name is more famous.
Maybe not directly but they buy REIT shares. They also own iShares that have number of REIT ETFs. Blackrock is one of the biggest Blackstone shareholder https://finance.yahoo.com/quote/BX/holders/