Global money manager and investment firm BlackRock Inc. (BLK) saw its third-quarter profit jump 7.9% from last year as the number of assets under its management expanded, according to MarketWatch.

The company's 3Q-profit hit $642 million, or $3.65 a share. That compares to earnings of $595 million, or $3.23 a share, a year earlier.

BlackRock just this year formed a new team to handle global real estate investments.

MarketWatch reports that the company's total portfolio of managed assets hit $3.673 trillion in the third quarter, up from $3.345 trillion a year ago and $3.559 trillion in 2Q.

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