How Blackstone became the world’s biggest corporate landlord

Feb 17, 2020 - Fortune

The Cosmopolitan and Bellagio hotels on the Las Vegas Strip. Stuyvesant Town, the largest apartment complex in Manhattan. Embassy Office Parks in Bangalore, one of India’s biggest destinations for IT tenants. Except for their prominence and enormous size, these properties don’t much resemble one another. They have something crucial in common, however: They’re all owned by investment funds controlled by Blackstone Group, the private equity giant. 

Over the past decade, Blackstone has...