Executives were critical of the negative media attention on the pause on BREIT redemptions.
Sluggish CRE investment volumes have kept Blackstone from selling assets at the same premium they may have commanded a year ago.
Blackstone exec said investors can't paint all of CRE with a single brush stroke.
State lawmakers have advocated for the railway for several years, but previous efforts were sidelined due to political and financial issues.
Nontraded REITs reported increases in June fundraising efforts, but the outlook for the funds through the end of the year remains in question.
Blackstone's 2023 fourth quarter real estate performance is an improvement compared to the same period in 2022.
Blackstone's real estate investment fund clocked a 0.5% loss in 2023.
The firm made big investments in multifamily in Q1 and committed another $15B to pending deals.
Blackstone said it reached a deal to sell the 450-room Turtle Bay Resort on O'ahu to Host Hotels for $725M, six years after purchasing the property.
President Jon Gray says investor sentiment is turning positive after a period of outflows.
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