For those not paying attention: Blackstone $70 billion REIT mostly holding commercial real estate debt paying low yields has halted redemptions going on 4 months now. Large investors tried to redeem, and Blackstone said "sorry, no". There is no buyer. …
Now that soaring rates have burst the commercial real estate bubble, the carnage is coming fast and furious. This morning Bloomberg reports that Wall Street’s largest commercial real estate landlord, private equity giant Blackstone, has defaulted on a €531 million …
from reuters: Blackstone Inc (BX.N) has defaulted on a 531 million euro ($562.5 million) bond backed by a portfolio of offices and stores owned by Sponda Oy, Bloomberg News reported on Thursday. “This debt relates to a small portion of the …
by silvertomars Closing the gates and leaving investors with illiquid positions they can’t redeem. Investors fear Blackstone has been slow to mark down valuations. Asset panic leading to liquidity problems, hmm. I do believe I have seen this before. https://www.reuters.com/business/finance/blackstone-limits-redemptions-69-billion-reit-2022-12-01/ …
by Boo_Randy Looks like the vulture funds, flush with oligarch cash and with access to unlimited Yellen Bux “stimulus” free money, are set to swoop down and once again hoover up millions of distressed houses after the Wall Street-Federal Reserve …
by Michael Snyder We are facing an unprecedented global energy crunch. Demand for energy is continually rising, and the production of energy is not keeping pace. One of the biggest reasons for this is that large financial institutions have become …
https://www.youtube.com/watch?v=oOf7wZnsaWI If there is one warning to take to heart, it is this one! Blackstone inc. Co-founder Stephen Schwarzman and Larry Fink are among the dozens of high profile investors and organizations warning that we are about to enter an …
(Reuters) – Blackstone Group Inc BX.N said on Wednesday it agreed to acquire genealogy provider Ancestry.com Inc from private equity rivals for $4.7 billion, including debt, placing a big bet on family-tree chasing as well as personalized medicine. Ancestry.com is the world’s …
https://www.zerohedge.com/markets/americas-largest-landlord-just-got-bigger-blackstone-buys-17000-houses-6-billion Wall Street won’t rest until it become the biggest – and perhaps only – landlord in the US. At least that’s the impression one gets by observing the behavior of the two Wall Street “black” giants, Blackrock and …
The PE firm as global landlord. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Private equity firm Blackstone, the undisputed king of property funds, continues to bet big on global real estate. In the last week it raised $9.4 billion for Asian …
