The deal builds on two initiatives by Blackstone: to build permanent capital through an expansion into insurance, and to pursue lower-cost rentals for its CRE business.

Acquisitions of retail property rose in recent months. But the sector continues to face uncertainty and a bid/ask divide.

High steel prices are causing problems for data center developers, reports Bisnow. New York City has yet to distribute any rent relief despite more than 100,000 applications for aid, according to The City. These are among today’s must reads from...

VineBrook Homes Trust, which operates more than 13,500 SFRs, has held discussions with advisers about going public.