Blackstone Has Just Raised Another Record Fund. These Returns Explain How.
How does Blackstone keep raising bigger and bigger real estate funds?
How does Blackstone keep raising bigger and bigger real estate funds?
Blackstone Group earned a solid return with Lombard apartment sale thanks to a spike in rent spreads on rehabbed units.
Blackstone closed the European property fund after raising $8.9B for opportunistic investments, the most amount ever raised for such a fund.
The industry has been experiencing a record run of rising valuations, but Blackstone Group said those returns are becoming difficult to sustain.
That $755M represents more than 40% of all the capital raised in the entire non-traded REIT industry this year.
Blackstone positions San Francisco's Ferry Building and two other major Equity Office assets on the sales block.
Blackstone has instantly become the third largest co-working provider in central London with the £500m acquisition of The Office Group
Walker & Dunlop will contribute 15% of the JV's equity capital, and Blackstone Mortgage Trust will contribute 85%.
Funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities entered a definitive agreement to acquire International Market Centers.
Blackstone is about to spend €5B on a huge Spanish residential portfolio
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