Blackstone launches $18B distressed real estate fund

Blackstone Group is looking to raise $18 billion for its largest real estate fund to date. New York-based Blackstone will invest the money in distressed properties globally, according to Bloomberg, which first reported the news. Its previous real estate fund raised $15.8 billion when it closed in 2015, part of $40 billion raised from its three most recent real estate funds. Blackstone is launching the fund at a time when institutional investors are turning toward […]

Source: Real Estate

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