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Secondary Marketplaces Offer New Liquidity Options As Nontraded REITs Limit Redemptions
News

Secondary Marketplaces Offer New Liquidity Options As Nontraded REITs Limit Redemptions

... than to prevent them from being able to find liquidity.” Blackstone told Bisnow in a statement that LODAS trading BREIT on ... . ET: This story has been updated with a comment from Blackstone.

Mar 22, 2023
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Keys Trading Hands Return To Lenders
News

Office Landlords Increasing Pace Of Handing Properties Back To Lenders

... CMBS loan in 2021 to refinance the 25-story property. Blackstone and Boston Properties also entered a deed-in-lieu-of ... 20% ownership stake in the building, while Artemis took on Blackstone's 80% stake rather than foreclosing.  “We effectively wrote this ...

Nov 27, 2023
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buildings
News

MacKenzie Capital Announces Tender Offer To BREIT Investors At 38% Discount

MacKenzie Capital Management is offering shareholders of Blackstone Real Estate Income Trust $9.27 per share, which the ... shares completely,” MacKenzie said in a statement detailing the offer. Blackstone told Bisnow by email the move by MacKenzie is an ...

Oct 25, 2023
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Soaring Investor Withdrawals May Force Real Estate Funds To Sell Buildings
News

Soaring Investor Withdrawals May Force Real Estate Funds To Sell Buildings

... the industry. Nontraded REITs, like those run by Blackstone and Starwood that have capped investor redemptions in ... considering withdrawing money from real estate funds. Blackstone's nontraded REIT, Blackstone Real Estate Income Trust Inc., started limiting ...

Dec 06, 2022
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dollar bills
News

Investments In Nontraded REITs Up 39%, But Still Far Outpaced By Withdrawals

... nontraded REITs, raising $5.6B. But requests for redemptions for Blackstone Real Estate Income Trust, or BREIT, reached $3.8B in ... , which invest in credit, raised $1.3B in June, with Blackstone’s BCRED accounting for the lion’s share of new ...

Jul 28, 2023
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Breakthrough Properties torrey view project in san diego rendering
News

Funds That Raised Billions For Life Sciences Real Estate Recalibrate In Rocky Market

... that will target life sciences assets, and a $1.6B Blackstone fund aimed at life sciences firms with approved therapies, Breakthrough ... until they can truly cash in on commercialization.   The Blackstone fund is filling a funding gap for companies that in ...

May 10, 2022
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BlackRock Defers Withdrawals From Its UK Property Fund
News

BlackRock Defers Withdrawals From Its UK Property Fund

... the first week of December 2022, reports emerged that both Blackstone and Starwood were limiting withdrawals from their nontraded REITs. ... valued monthly by fund sponsors and appraisers. This week, Blackstone's BREIT got a hefty boost from the University of ...

Jan 04, 2023
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CMBS Debt Issuance Shoots Up To Start 2024
News

CMBS Debt Issuance Shoots Up To Start 2024

... property, 16.6M SF industrial portfolio acquired by Blackstone Real Estate Partners in 2019. The original ... securitization was approaching maturity, Trepp reported. Blackstone-owned properties dominated the first quarter of CMBS lending ...

Apr 11, 2024
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Commercial Real Estate's ESG Push Has Industry Fighting Over Talent
News

Commercial Real Estate's ESG Push Has Industry Fighting Over Talent

... ESG efforts. In 2021, KKR lured Blackstone's global head of ESG to its ranks ... , and Blackstone itself was busy scaling up ESG staffing ... the ESG backlash being felt by firms like Blackstone, and the push by some conservative legislators ...

Sep 27, 2022
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office towers
News

Nontraded REIT Fundraising Plunged By Two-Thirds In 2023 While Investors Asked For Their Money Back

... limits remained in place throughout 2023. In December, Blackstone Real Estate Income Trust, the largest nontraded REIT, ... 2022, when proration began while maintaining resilient performance,” Blackstone said in a statement on Tuesday. “Shareholders who ...

Jan 02, 2024
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