CalPERS Invests $1.9B Into Blackstone, Mesa West Debt Funds
The public pension fund will invest $1.5B in Blackstone Real Estate Debt Strategies V and $350M into Mesa West Real Estate Income V.
The public pension fund will invest $1.5B in Blackstone Real Estate Debt Strategies V and $350M into Mesa West Real Estate Income V.
BXMT is the third commercial mortgage REIT to pare dividends this year.
Ken Caplan and Lionel Assant have assumed leadership of all Blackstone investing. Nadeem Meghji was promoted to replace Caplan as co-head of global real estate.
Chad Pike is launching Makarora to capitalize on a "major cyclical investment opportunity" after a 25-year career at Blackstone that ended in 2020.
Blackstone-backed QTS plans to build four data centers on a pair of sites in New Albany, Ohio, as the investment giant goes all-in on data centers.
The new owners of Signature's commercial loans also seek a money judgment for a $25M construction loan Signature Bank gave in February 2022.
Blackstone has secured new debt from a host of investment banks.
Blackstone's REIT and latest fund will pay $11.25 per share to acquire the firm that owns 38,000 single-family rentals across the Sun Belt.
A rapid drop in new apartment starts is expected to constrain supply in the coming years, making existing properties a more appealing investment.
Blackstone's real estate investment fund clocked a 0.5% loss in 2023.
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