The real estate trust for wealthy investors notched a 0.5% loss in 2023.
Blackstone Inc.’s $66 billion real estate trust limited investor redemptions for a 12th straight month in October. Blackstone Real Estate Income Trust’s investors sought to pull $2...
Blackstone Real Estate Income Trust's investors sought to pull $2.2 billion last month, compared with $2.1 billion in September.
BREIT's growth streak has come under pressure in recent months.
Buyers in the state need $208,000 income to qualify for a 30-year loan.
Leasing gains have been a hopeful sign for a sector that's been battered in recent years.
Higher borrowing costs have pummeled the commercial real estate industry, causing some owners to choose to default.
It's the latest blow to a city reeling from the high-profile exit of Ken Griffin's Citadel.
The real estate industry has come under pressure as investors seek to reduce their exposure.
With at least $92 billion of office mortgages maturing this year, landlords are under increasing pressure.