Blackstone Mortgage REIT Cuts Dividend As Commercial Property Stress Mounts
The $3.4B Blackstone REIT, which trades under the stock symbol BXMT, is reducing ...
Jul 24, 2024
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Nontraded REIT Redemptions Fall After Starwood Spooked Investors
... all requests. Investors requested to withdraw around $806M from Blackstone Real Estate Income Trust in June, the largest nontraded ... that month, a reference many assumed was to Starwood. “Blackstone basically, not naming Starwood by name, blamed Starwood for ...
Jul 22, 2024
News
Blackstone, Rialto Push To Foreclose On McGraw-Hill Building After Signature Bank Loan Default
... to find the best resolutions possible.” In December, the Blackstone and Rialto joint venture acquired a 20% equity stake in ... Rialto acts as the loan servicer and operating partner, while Blackstone is the lead asset manager of the portfolio. Canada Pension ...
Jul 19, 2024
News
Brookfield Tees Up 36-Year-Old Connor Teskey As Next CEO
... it the world’s second-largest alternative asset manager after Blackstone. Flatt aims for Brookfield to have $2T of assets under ...
Jul 19, 2024
News
Blackstone Leaders Predict 'New Cycle' Of Higher Real Estate Values On The Way After Slow Quarter
... construction or interest rates remaining high. Fee-related earnings in Blackstone's real estate business were $481M, an 18% decline ... capital and generate returns from its real estate portfolio, Blackstone CEO Stephen Schwarzman said on the Thursday call. He ...
Jul 18, 2024
News
Ultrasafe CRE Bonds Face Rising Default Levels, Spooking Investors
... and retail landlords. Owners of a bond backed by a Blackstone-owned office building at 1740 Broadway in New York took ...
Jul 17, 2024
News
Starwood Sells 1 Hotel Central Park For $265M
... . Host also bought Turtle Bay Resort on Oahu, Hawaii, from Blackstone Real Estate for $725M. The sale price is double what ... Blackstone paid for it. Host, which also owns the 1,971- ...
Jul 16, 2024
News
Multifamily Distress Leaps 185% As Delinquencies Pile Up
... Strategies and former head of U.S. originations at The Blackstone Group, described the impending wall of maturities as a “hydrogen ... own equity to the table to offset limited debt availability. Blackstone, for example, has been working on a $550M CMBS ...
Jul 15, 2024
News
'Hold On For Dear Life': Majority Of Bisnow Survey Respondents Expect Little Relief In 2024
... $773M, according to Nareit. Zero IPOs were finalized in 2023. Blackstone investors announced deals to acquire Apartment Income REIT for $9 ...
Jul 02, 2024
News
Why Origin Investments’ Co-CEO Foresees A Rising Tide Of Multifamily Deals
... ,000 apartments from Quarterra. Also last week, Blackstone closed on a $10B deal to purchase ... KKR, like, hard for them, hard for Blackstone when they bought AIR,” he said. “It ... market and get it moving again. “The Blackstone deal, the KKR deal and just deals ...
Jul 02, 2024
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