Shareholders asked to redeem $4.5 billion last month from Blackstone Real Estate Income Trust “in a month of tremendous market volatility and broad-based financial stress,” the company said Monday in a letter. BREIT allowed about $666 million to...
Recent surveys indicate a high demand over the next two years from family offices for illiquid assets, including real estate.
Monday’s deal will increase the size of Extra Space’s portfolio by more than 50% by store count.
In uncertain economic environments, institutional and foreign commercial real estate investors often revert to the safety of the biggest American cities.
Schwarzman pointed to the banking crisis as an "interim issue" caused by high interest rates and deposit issues caused by technology.
