Blackstone has raised $1.6bn (€1.25bn) for real estate in the third quarter.
The New-York based investor said $402m was raised for its core-plus strategy, alongside $430m for debt strategies.
The company also raised $209m for its Asia fund.
Over the last 12 months, Blackstone has now raised $12.3bn for real estate strategies.
The investor said it has enjoyed “sustained strong operating fundamentals” across all sub-sectors of its global real estate portfolio.
Its opportunistic real estate funds’ carrying value appreciated by 6.2% for the quarter and by 28.1% over the last 12 months, while demand for hospitality, office and logistics remained robust.
Assets under management now total $80.1bn.
Blackstone said it invested $3.1bn in the third quarter and $12.3bn since the same point last year.
An additional $2.8bn of capital was committed but not yet deployed.
More than half of capital deployed by Blackstone over the last 12 months was outside North America.
Traditionally known as an opportunistic investor, Blackstone is using scale to acquire large core-plus assets with a view to selling stakes to third-party investors.
Blackstone has already begun selling off interests to other investors, in July selling an 18% stake in Alban Gate, a London City office building it wholly acquired this year, to the Virginia Retirement System for €67m.