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News

Blackstone Has More Than Doubled Its Real Estate Spending. Next Year It Could Start Selling

... middle of a broad-based recovery in real estate.” Blackstone beat expectations for its third-quarter performance. Its ... 3B, roughly 10% above analyst projections, Bloomberg reported. Blackstone increased its assets under management from $1.08T in Q2 ...

Oct 17, 2024
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‘Time To Put Strategies Into Action’: Sophisticated Capital Makes Its Move Into Multifamily
News

‘Time To Put Strategies Into Action’: Sophisticated Capital Makes Its Move Into Multifamily

... Residential agreed to acquire 11 Sun Belt multifamily properties from Blackstone totaling 3,600 apartments for $964M. That same month ... , Blackstone announced it would acquire Apartment Income REIT for $10B in ...

Oct 11, 2024
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An LL Flooring showroom in Dedham, Massachusetts.
News

LL Flooring Gets Lifeline, Sells Distribution Center To Blackstone's Data Center Arm

... , to QTS Realty Trust, a data center developer owned by Blackstone, for $104.8M.  The stores Sullivan isn't buying will ...

Oct 04, 2024
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Blackstone To Invest $13B In Northern England Data Center Campus
News

Blackstone To Invest $13B In Northern England Data Center Campus

... and innovation along with a highly transparent legal system,” Blackstone President Jon Gray said in a statement. “We are ... and developing critical infrastructure needed to fuel the digital economy.” Blackstone, which manages more than $1T in assets, has made ...

Sep 26, 2024
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Oyo Buys Motel 6 From Blackstone, Ramping Up U.S. Expansion
News

Oyo Buys Motel 6 From Blackstone, Ramping Up U.S. Expansion

... brand represents an unusually late exit from the investment for Blackstone, as it was delayed by the pandemic, the WSJ ... $1.7B annually, generating a strong cash flow for G6, Blackstone said. “This acquisition is a significant milestone for a startup ...

Sep 23, 2024
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BioMed Realty's Caution May Position It For A Turnaround
News

BioMed Realty's Caution May Position It For A Turnaround

... can’t speak to their exact capital structure, but obviously Blackstone is the parent, and they’re not generally ones to ...

Sep 17, 2024
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US flag, US economy, VISAS, visa, EB5, H1B
News

Sovereign Wealth Funds Love Real Estate — Would A U.S. Version Pile Into The Sector?

... deals. In 2017, CIC bought European logistics firm Logicor from Blackstone for $13B, one of the largest-ever private real estate ...

Sep 09, 2024
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Money, investment, capital markets, cash, investors
News

CRE Investors Want Out Of Funds. The Secondaries Market Is Lining Up Billions To Help Them

... ever. Ares closed a $3.3B fund in December, and Blackstone's $2.6B fund closed in November.  Real estate secondary ...

Sep 03, 2024
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Blackstone sign
News

BREIT Names New Leader Ahead Of CEO's Retirement

... leader is set to take the helm at Blackstone's $56B nontraded REIT.  Blackstone Real Estate Income Trust named Chief Operating Officer ... my deepest gratitude to Steve, Jon and the entire Blackstone team for creating the culture of excellence that has made ...

Aug 23, 2024
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Wells Fargo Woolbridge
News

Trimont Set To Become Largest U.S. Commercial Loan Servicer After Buying Wells Fargo Debt Portfolio

... , which collapsed in March 2023, that had been serviced by Blackstone, Rialto Capital and others.

Aug 20, 2024
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