Blackstone’s BREIT Sells Storage Business for $2.2B as Withdrawals Abate
Private equity firm reports that redemptions for the REIT are down 29% from their peak in January.
Private equity firm reports that redemptions for the REIT are down 29% from their peak in January.
The April scrapping of a 2017 ban cleared the way for the likes of Blackstone to join the S&P 500.
The private equity giant has shifted from offices and malls to logistics, rentals and hospitality assets.
How reduced office occupancies and other obstacles slam the CMBS market.
Investment from $152 billion manager comes one month after BREIT had a run on withdrawals.
Venture capital and private equity boosted their valuations mightily in the past 20 years.
They are worried about the pandemic, GDP, inflation and Ukraine, he finds.
The $280 billion retirement fund allocates the majority of its $4 billion in total monthly investments to real estate funds.
KKR sells seven college lodging projects for $725 million.
The Common Retirement Fund allocates nearly half of the month’s commitments to real estate investments.
Its purchase of a stake in a swanky NYC tower shows there’s demand for the new stuff. But older buildings are struggling.