Firefighters Make Progress On Maui Blazes, But Damage Is Done To Island's Tourism Industry
... Westin Maui Resort & Spa from Marriott for $317M. In 2018, Blackstone dropped $1.1B for the Grand Wailea, a Waldorf Astoria ...
Aug 10, 2023
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Blackstone, KKR Mortgage REITs Have Stopped Writing New Loans As Default Risk Rises
... to the difficult climate for the real estate industry, with Blackstone Mortgage Trust and KKR Real Estate Financial Trust originating no ...
Aug 08, 2023
News
Multifamily Market Approaches ‘Hydrogen-Bomb Scenario’ As CMBS Loans Come Due
... Strategies and former head of U.S. originations at The Blackstone Group, per his LinkedIn profile, told The Wall Street Journal ... between August 2021 and April 2022. In February, a $271M Blackstone loan backed by 11 apartment buildings in Manhattan was sent ...
Aug 07, 2023
News
Blackstone Aims To Cash In On AI With $8B Data Center Push
... of this investment will come from the firm’s $68B Blackstone Real Estate Income Trust, even as the nontraded REIT sells ... footprint since it was acquired by BREIT and two other Blackstone funds for $10B in 2021. The firm has tripled its ...
Jul 31, 2023
News
Investments In Nontraded REITs Up 39%, But Still Far Outpaced By Withdrawals
... nontraded REITs, raising $5.6B. But requests for redemptions for Blackstone Real Estate Income Trust, or BREIT, reached $3.8B in ... , which invest in credit, raised $1.3B in June, with Blackstone’s BCRED accounting for the lion’s share of new ...
Jul 28, 2023
News
Affirmative Action’s End Is Already Testing CRE’s Resolve To Diversify Its Ranks
... response is, that’s nonsense,” said G. Lamont Blackstone, of G.L. Blackstone and chairman of the board of Project REAP, and ... the point that they’re more performative than effective. Both Blackstone and Bowman also reiterated how important it is to continue ...
Jul 27, 2023
News
BREIT Selling Simply Self Storage To Public Storage For $2.2B
... REIT. Demand for redemptions among investors is so brisk that Blackstone has limited withdrawals each of the last eight months. ... 3.1B worth of industrial property from Blackstone. But even with some large sales, Blackstone reported a 96% drop in net ...
Jul 24, 2023
News
Blackstone Reports Income From Real Estate Sales Down 96% In Q2
... valued at $585B. With sectors like office struggling, Blackstone has shifted its focus in property markets to other asset ... such a strong clip that the firm limited withdrawals. Blackstone Real Estate Income Trust has capped withdrawals since November ...
Jul 20, 2023
News
Prologis CEO Moghadam: Industrial Is Returning To Normal After 'Ridiculous' Few Years
... and the acquisition of over $3B of real estate from Blackstone, which deepened Prologis' presence in key markets, Chief Financial Officer ...
Jul 18, 2023
News
BREIT Still Restricting Withdrawals, Although Receiving Fewer Requests At $3.8B
... years. Despite the seemingly positive news for the REIT, Blackstone is parting with some of those high-performing assets, ... sector have created opportunities for investors with deep pockets, Blackstone Inc. Global co-Head of Real Estate Kathleen McCarthy ...
Jul 05, 2023
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