World's Largest Landlord Breaks $100B In Real Estate Assets
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Blackstone’s real estate holdings broke $100B in Q1, a bright spot in an otherwise rough quarter for the world’s largest landlord.
The firm’s real estate assets rose 9% year-over-year, hitting $101.1B—the firm’s total assets under management were $343.7B, up 11% compared with the same quarter last year.
The company signed two huge real estate deals during the quarter, selling Strategic Hotels & Resorts to Anbang Insurance for $6.5B and closing the $8B buyout and privatization of BioMed Realty in January, PERE News reports.