BREIT 2017 Annual Report

68 Portfolio Summary of Portfolio The following chart outlines the allocation of our investments in real properties and real estate-related securities based on fair value as of December 31, 2017: Asset Allocation The following charts further describe the diversification of our investments in real properties based on fair value as of December 31, 2017: By Property Type Geography Real Estate 80% Debt Securities 20% Multifamily 71% Industrial 18% Hotel 8% Retail 3% South 53% West 33% East 8% Midwest 6%