With $191B To Spend, Blackstone Thinks Real Estate Has Hit Bottom and deployed $25B in Q1’24 with an additional $15B in pending deals

Blackstone executives told investors Thursday that in Q1 it acted on its continued belief that commercial real estate values were bottoming. This created conditions ripe for an increase in transactions, like the private equity firm’s $10B all-cash acquisition and taking private of publicly traded Apartment Income REIT Corp. earlier this month or its $3.5B deal to do the same with Tricon Residential earlier this year. 

Blackstone Group (NYSE: BX)
Rich Reyes | Managing Director, MF Real Estate Group

Additional Filters

Subcategory
Tags