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Flamingo South Beach 1504 Bay Road Miami Beach AIR Communities Blackstone SM
News

Blackstone To Buy Apartment REIT For $10B

... built will be improved and expanded by collaboration with Blackstone.”  A spokesperson for AIR Communities declined to comment ... Communities, its largest apartment portfolio acquisition ever. A Blackstone spokesperson said that the firm is going on offense ...

Apr 08, 2024
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A Tropical Smoothie Cafe in Valdosta, Georgia.
News

Blackstone To Buy Tropical Smoothie Cafe For Almost $2B

... acquire Tropical Smoothie Cafe from Levine Leichtman Capital Partners. Blackstone is shelling out nearly $2B for the company, ... businesses as one of our highest-conviction investment areas.” Blackstone has had success with franchise businesses, having sold ...

Apr 25, 2024
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Blackstone In Talks With Lenders After Write-Down Of Office Asset Once Valued At $583M
News

Blackstone In Talks With Lenders After Write-Down Of Office Asset Once Valued At $583M

... was previously valued as high as $583M, Bloomberg reported. Blackstone is in talks with its lenders to determine the fate ... net internal rate of return in its third-quarter earnings.  Blackstone has largely divested itself of office properties, with its real ...

Oct 25, 2023
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Blackstone Earnings Take A Dive In Q1 Because Of Real Estate
News

Blackstone Earnings Take A Dive In Q1 Because Of Real Estate

... housing, data centers, life sciences and especially hotels, Blackstone Global co-Head of Real Estate Kathleen McCarthy told Bisnow ... of having $1T in assets under management by 2026. Blackstone also secured new investment funds. “Our successful fundraising ...

Apr 20, 2023
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Blackstone Closes On $30B Real Estate Fund, Its Biggest Ever
News

Blackstone Closes On $30B Real Estate Fund, Its Biggest Ever

... . Now is the time to invest worldwide, according to Blackstone, despite the downward pressure on real estate valuations. “We ... Joan Solotar, the global head of private wealth solutions at Blackstone, said during a Bloomberg Invest conference in March. In ...

Apr 11, 2023
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bellagio
News

Blackstone Sells Stake In Bellagio, Valuing The Vegas Icon At $5.1B

... at $5.1B. The investment giant's private REIT, Blackstone Real Estate Income Trust, acquired its interest in the Bellagio ... of its $5.8B acquisition of Preferred Apartment Communities.  Blackstone has long been an investor in Las Vegas properties, buying ...

Aug 25, 2023
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Blackstone Bags $700M In Sale Of Stake In MGM Grand, Mandalay Bay
News

Blackstone Bags $700M In Sale Of Stake In MGM Grand, Mandalay Bay

... highest growth sectors, including logistics and rental housing,” Blackstone Real Estate Senior Managing Director Scott Trebilco said in ... a statement. Blackstone has recently exited other Vegas properties at a profit ...

Dec 01, 2022
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Blackstone Pushing Further Into Low-Income Housing Tax Credit Market
News

Blackstone Pushing Further Into Low-Income Housing Tax Credit Market

... investment giant into the housing and multifamily sector. Blackstone announced Thursday that it is establishing April Housing, ... , Orlando, Denver and Austin. Just last week, Blackstone announced an agreement to acquire Atlanta-based Preferred Apartment ...

Feb 24, 2022
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345 Park Ave.
News

Blackstone Limiting Withdrawals From Real Estate Fund To Avoid 'Liquidity Mismatch'

... late Monday morning in New York, Bloomberg said.  Blackstone Real Estate Income Trust announced Thursday that it was  ... highest growth sectors, including logistics and rental housing,” Blackstone Real Estate Senior Managing Director Scott Trebilco said in ...

Dec 01, 2022
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Cash money U.S. currency funds for distressed investing
News

Blackstone Closes On Crown Resorts, Preferred Apartment Communities For Combined $12B

... after board approvals.  Beyond its full-company purchases, Blackstone just launched a $25B fund to target inflation-resistant ... largest real estate vehicle in history if Blackstone meets its fundraising targets. Blackstone reported $154.8B of inflows to ...

Jun 24, 2022
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