Senior Managing Director, Blackstone
New York City, NY
A.J. Agarwal is a Senior Managing Director in Blackstone’s Real Estate Group, where he launched Blackstone’s U.S. Core+ real estate investing business, with over $125 billion of equity under management today. He joined Blackstone in 1992 and is a member of the firm’s Real Estate Investment Committee. Most recently, he served as President and Director of Blackstone Real Estate Income Trust, Blackstone’s largest investment vehicle with over $65 billion of market capitalization and over $125 billion of real estate assets. Prior to launching Blackstone’s Core+ real estate investing business in 2014, A.J. was Co-Head of U.S. Acquisitions for Blackstone’s opportunistic equity investing business and he oversaw more than $50 billion of real estate investments across all real estate classes.
A.J. graduated from Princeton University, where he studied Politics and graduated magna cum laude and Phi Beta Kappa, and received his MBA from Stanford University Graduate School of Business. He is a member of the Council on Foreign Relations as well as the Stanford Alumni Real Estate Council.
He is married to Roswitha Mueller-Agarwal and has two children, a daughter (Stanford ’26) and son who lives in New York City. A.J. is an avid tennis player and cyclist.
DCI Partner: Roswitha Mueller Agarwal