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REPORT ABUSIVE REPLY
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Message Subject
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POLL: BLACKSTONE is preparing a record $50 BILLION vehicle to scoop up real estate bargains DURING THE DOWNTURN
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Poster Handle
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Anonymous Coward |
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Post Content
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Have to wonder if the housing carsh will hit foreign real estate, too. Thoughts? BLACKSTONE is preparing a record $50 BILLION vehicle to scoop up real estate bargains DURING THE DOWNTURN Blackstone said that it has secured $24.1 billion of commitments for its latest real estate fund called Blackstone Real Estate Partners X. Combined with Blackstone’s real estate funds in Asia and Europe, the company will have over $50 billion available for opportunistic investments. In the event of a market downturn, Blackstone will have plenty of capital to scoop up some attractive real estate bargains. MORE: [ link to finance.yahoo.com (secure)] Quoting: Butch DeFeo |
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