Al Barbarino
The open-ended fund will invest in senior loans on income-producing commercial property across the primary US property sectors.
.jpg?id=12885365783 "Blackstone raises $4.5bn for BREDS III")
Blackstone has hired or plans to hire investment professionals across the world for this latest fund.
The Dallas-based private equity real estate firm has acquired the majority of 2,879 deeply delinquent non-performing loans being sold by the US government-sponsored enterprise.
Bridge Investment Group Partners has the same target and hard cap for its latest fund as it did for the predecessor vehicle.
.jpg "Blackstone’s BREDS III raises more than $2bn")
The New York-based investment giant is seeking $4 billion for its latest debt fund.
.jpg?id=12885344055 "Oaktree plans second CRE debt fund")
The Los Angeles-based firm's last real estate debt fund raised more than $1 billion.
The New York State Teachers Retirement System allocated $500 million in its first real estate debt mandate with The Blackstone Group.
The Los Angeles-based real estate debt fund manager has collected $390 million to date.
.jpg?id=12885372396 "Fed rate hike to have ‘no impact’ on CRE, experts say")
The much anticipated Fed rate increase is upon us, ending a seven-year period of short-term rates held near zero.
Wells Fargo is originating the 10-year, fixed-rate loan for the $5.3 billion acquisition.