Hints and tips:
...Its adjusted funds from operations, which Green Street uses to analyse public property trusts, was $2.1bn, or 74 per cent of dividends, while Breit’s “funds available for distribution” were $1.7bn, or 61...
...Breit allows for 2 per cent of total assets to be redeemed by clients each month, with a maximum of 5 per cent allowed in a calendar quarter....
...In November, UK housebuilder Vistry announced a £819mn deal with two Blackstone-backed residential landlords to sell 2,915 private and affordable rental and shared ownership properties....
...The Rothko’s on until April 2, and is well worth a visit. Marvellous building, too....
...But he said he did not expect property markets to snap back after years of turmoil, particularly among older office buildings hit by remote working....
...Block argued that the losses on the book of loans in the trust could be between about $2.5bn and $4.5bn, close to its market capitalisation....
...For BXPE, Blackstone is taking 12.5 per cent of the profits along with a management fee of 1.25 per cent — somewhat less than the traditional “2 and 20” structure....
...Mitsotakis will raise the question of the 2,500-year-old sculptures during a visit to London next week....
...The year before, the sovereign wealth fund bought a majority stake in Mediterranean luxury resort operator Sani/Ikos Group in a €2.3bn deal, one of the largest for a European hotel group since the Covid-...
...Disposals in recent months, like the $800mn sale of a resort in Texas and a $2.2bn sale of a portfolio of self-storage properties announced earlier this month, come as Blackstone is raising cash to prepare...
...The UK’s AI summit, scheduled for November 1-2, will focus on so-called “frontier AI”, a sophisticated form of the technology that includes large language models that can process and generate vast amounts...
...Blackstone shelved the fund launch last year after the property fund, called Breit, was forced to limit redemptions....
...Mark Allan, chief executive of FTSE 100 property group Landsec, told the Financial Times: “It’s less about the specifics of what HS2 will or won’t bring [to the economy]....
...One scoop to start: Indian billionaire Ravi Ruia has bought a £113mn mansion in London’s Regent’s Park linked to Russian property investor Andrey Goncharenko, in an off-market deal that underlines the continuing...
...The fund’s terms allow clients to redeem 2 per cent of their net assets each month, with a maximum of 5 per cent each calendar quarter....
...Asked whether Sunak was confident that inflation would halve by the end of the year to 5.4 per cent — one of five pre-election pledges the PM has made — his spokesman said: “We have set out that commitment...
...The private funds generally offer the ability for investors to redeem just 2 per cent of their aggregate holdings a month, or 5 per cent a quarter....
...BPP is comprised of dozens of funds Blackstone uses to invest in property....
...“But I do have other properties around the world.”...
...But given the illiquid nature of property, BREIT stipulates that investors can only withdraw up to 2 per cent of its net asset value in any given month, and max 5 per cent in any quarter (and even that can...
...Job moves Ex-DWS boss Asoka Wöhrmann will take over as chief executive of struggling German property investment group Patrizia less than a year after he was ousted as head of Deutsche Bank’s asset manager...
...The BREIT fund allows for 2 per cent of assets to be redeemed by clients each month, with a maximum of 5 per cent allowed in a calendar quarter....
...The fund allows for 2 per cent of total assets to be redeemed by clients each month, with a maximum of 5 per cent allowed in a calendar quarter....
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