The fund paid out more than $2.8 billion in distributions during 2023, exceeding cash flows.
“When sentiment gets really negative, prices decouple from fundamental value,” she said.
Culprit number-one is the cost of borrowing.
Blackstone reaped billions because it figured out early that scruffy urban warehouses were a gold mine in the internet age.
The notes are backed by a portfolio of Finnish offices and stores.
People are shunning urban real estate on both sides of the Atlantic.
The sale is the first “mega deal” to take place in London since the nationwide shutdown.
The world’s biggest real estate investors are sitting on piles of cash, preparing for once-in-a-lifetime opportunities.
Buildings that bustled with diners, drinkers and shoppers just weeks ago have gone quiet.
Investors are fleeing commercial real estate funds as digital takes a larger bite out of brick-and-mortar stores.
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