Blackstone raised a record $26.5bn (€24.5bn) for real estate last year.
The investment manager said it had $93.9bn of assets under management at the end of 2015.
Total assets under management for the firm’s core plus strategy reached $11bn, two years after launching the business.
Blackstone said that over the past two years, real estate has returned over $40bn of capital to investors.
The firm invested $21.5bn in 2015, also a record.
Appreciation in opportunistic and core-plus funds rose 9.7% and 19.1% for the year, respectively.
Blackstone said the final quarter of last year saw it raise $1.3bn in an initial closing of its third mezzanine debt fund, as well as $2.4bn for core-plus funds.
Blackstone’s Real Estate Partners arm recently invested $2bn in the US multifamily sector.
At the time, the investment manager’s eighth fund bought a 32-asset portfolio from Greystar Real Estate’s Equity Partners VII vehicle.
Greystar will continue to manage the 10,399-unit portfolio, which includes mid-rise, high-rise and garden-style apartment buildings in Seattle, San Francisco, Los Angeles, South Florida, New York and Boston.
Late last year, the firm bought US medical REIT BioMed Realty Trust in an $8bn deal. The company said has now closed the deal, which was carried out for its Real Estate Partners VIII fund.