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...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...
...It expects a further net loss of 57,000 properties by 2030....
...Blackstone shelved the launch late last year after its flagship $67bn property fund, called Breit, was forced to limit redemptions....
...The fund is pushing for the railway company to reduce its stake in Oriental Land and use the proceeds from the sale to focus on the core business of running and modernising its railway, according to people...
...Blackstone Group’s $60bn property fund met all of its investors’ redemption requests in February, marking the first time it did not limit such withdrawals in more than a year....
...The world’s largest alternative asset manager promised UC an 11.25 per cent annual return from the property fund, called Blackstone Real Estate Income Trust, or Breit, as part of a deal to draw $4.5bn in...
...Deep inside the nested layers of funds, companies, insurers and partnerships of Canada’s Brookfield Corporation lies a real estate business that no longer covers the cost of its debt: Brookfield Property...
...It plans to raise $300bn in new assets by 2026 among dozens of funds....
...Elsewhere, however, the group has acquired property from funds under liquidity pressure, part of a run of more than 100 deals in Europe so far this year....
...The inflows came even after Blackstone was forced to limit withdrawals from a similar $67bn property fund just over a year ago....
...AllianceBernstein has launched five new exchange traded funds, including a buffered ETF, bringing the company’s year-old line-up to 12 ETFs....
...As part of the deal, CWG agreed to fund an extensive refurbishment of the 547,000 sq ft building, completed in 2003, including upgrading the building’s energy efficiency....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...BREIT, Blackstone’s hyped retail property fund, had to restrict investors from cashing out shares for several quarters, per the limits of its investment agreement....
...Blackstone marked down its property funds by more than 3 per cent during the fourth quarter, causing the group to miss out on some valuable fees it usually collects from the funds....
...At the core of the issue is exits,” said Kaidi Gao, a venture capital analyst at PitchBook....
...They face the same problem in their core private equity businesses, as higher rates knock valuations of businesses they already own....
...KKR is building its investment operations in infrastructure and property and is preparing to launch new flagship corporate buyout funds in the US and Asia....
...Morfit described Disney as “the world’s leading entertainment company”, adding it had “the best intellectual property, sports brand and parks and experiences assets in the industry”....
...But in principle, when money market fund (MMF) rates are noticeably above IORB, it indicates that MMFs have to pay up to attract cash — liquidity is too scarce....
...The business was purchased in 2018 by Blackstone Core Equity Partners, a long-hold buyout fund whose investors included Canada Pension Plan, NY State Common Retirement Fund, North Carolina Retirement Systems...
...They received a roughly €400mn payout in 2021 linked to the sale of the company’s car classified business as they have focused the company around its core assets....
...As one of the largest listed industrial real estate funds, Segro underperformed the sector, as fund managers reduced their exposure....
...Last week, Canary Wharf raised £300mn in new money to help fund its expansion....
...Without fresh funds, insolvency became inevitable....
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