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...or a return of investor capital that would “result in us having less funds available to acquire properties or other real estate-related investments”....
...It does not invest in real estate development projects because they do not deliver cash flow from day one....
...Blackstone owes the University of California twice as much as it did last quarter as part of a complex transaction to shore up its flagship real estate fund....
...But being the lender to real estate folks is better in this rate environment and you get the property as collateral.”...
...The milestone signals that pressure is falling on the fund, called Blackstone Real Estate Income Trust (Breit), after a dash for redemptions over fears about real estate valuations caused Blackstone to limit...
...That is particularly the case for real estate funds, but it is also seen in private debt and private equity portfolios....
...Blackstone has attracted more than $100bn in investment to its retail property and credit funds it sold to individual investors and built a staff of hundreds of sales and marketing employees to handle their...
...Meanwhile, Germany’s real estate market faces a reckoning of its own....
...McCarthy said the firm has $40bn of “dry powder” — funds raised but not yet invested — and is targeting its investment in parts of the real estate market with “the strongest cash flow growth and favourable...
...The posted bond has prevented New York state from seizing his assets — particularly his prized real estate — while he appeals a $464mn fraud judgment....
...Furthermore, infrastructure loans, commercial real estate and mortgages each offer potential rich pickings, expanding the potential market to $26tn in the US....
...Credit agencies recently downgraded the German lenders Deutsche Pfandbriefbank and Aareal Bank. US exposure accounts for about 15 per cent of their real estate lending books....
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
...In his comments to the FT, Gray predicted real estate values would begin to rise again soon as interest rates fell. “We really see real estate bottoming from a valuation standpoint,” he said....
...Blackstone’s previous retail hits in real estate and corporate loans collected either rent or interest payments. As such, they paid healthy distributions that compensated for their limited liquidity....
...Job moves Kirkland & Ellis has hired Alex Amos as a partner in the investment funds group focused on credit funds. Amos previously worked at Macfarlanes....
...BPY’s income from real estate in the first half of the year was less than it paid out in interest costs, prompting S&P Ratings to warn this month that it may cut the entity’s credit rating to junk....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...The Hankey Group is not public but is a large issuer of asset-backed securities to fund its lending. It had $23.4bn in assets at the end of last year, up from $12bn at the end of 2019....
...Commercial real estate (CRE) prices have declined since the onset of COVID-19....
...The unlikely corporate raider In December 2020, veteran property executive Paul Weightman retired from the Australian real estate business he had founded more than two decades before....
...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
...It is also the biggest fund ever raised by Brookfield, which manages $850bn across sectors spanning real estate, credit and insurance, renewable energy and corporate buyouts....
...Barings added that Corinthia, which was founded by former real estate executive Paul Weightman in 2022, continued to contact other employees within its private credit business in the days that followed....
...In September last year real estate veteran Paul Weightman started hiring for a new fund manager designed, in the 62-year-old’s own words, to “redefine the private credit landscape”....
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