Blackstone related stories
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Turtle Bay Resort: Hawaii making waves over decadesBlackstone recently sold the hotel, a project of casino developer Delbert Eugene Webb, for $725m.
Blueprint: Goldman's record fundraise, the Maple 8's uncertain future, KKR's multifamily assaultIt is a new era for Canada’s Maple 8 investors as they face tumult and a decline in overseas investments; Goldman Sachs has reached a record for a fund dedicated to real estate secondaries; KKR has snapped up a massive multifamily portfolio, marking the largest real estate purchase by a private equity manager so far this year; and more in today's briefing, exclusively for our valued subscribers.
Blackstone doubles down on UK hotelsThe manager is set to expand the Village Hotels brand it acquired for €800m to other European markets and the US.
Faropoint looks to fly ‘under the institutional radar’ with third fundThe firm is looking to deploy most of the $915m raised for the vehicle into deals averaging $10m in size.
Investors are still taking chances on new manager relationshipsEven during a fundraising slump, one of the world’s largest capital allocators just demonstrated institutions will make bets for the right firm and strategy.
Blueprint: The ECB's rate cut, BGO's data center investment, Blackstone's residential pushPrivate real estate executives expect the impact of the European Central Bank's rate cut last week to be felt in different ways across the continent; BGO returns for a third investment in the Nordic data center developer Bulk Infrastructure after realizing its original ambitions needed to be bigger; the private real estate industry mulls the impact of the upcoming UK election; mega-manager Blackstone signals it is doubling down on the UK housing sector with a blockbuster single-family rental deal; and more in today's briefing, exclusively for our valued subscribers.
Four key takeaways from the 2024 PERE 100 and PERE 200Crunching the numbers on PERE’s flagship manager rankings reveals the uneven impact of ongoing fundraising headwinds.
- Blueprint: PERE 100 and 200 manager rankings, Town Lane's $1.25bn raise, NPS’s dedicated real estate platform investment plans
PERE's definitive manager ranking for 2024 is here, with a different set of firms impacting the top level; Tyler Henritze’s Town Lane closed its first fund at $1.25 billion, with the former Blackstone real estate veteran doing it all in just nine months; National Pension Service of Korea is getting into platform level investing with a dedicated strategy; and more in today's briefing, exclusively for our valued subscribers.
Private real estate’s M&A takeoverConsolidation in the industry has transformed the manager landscape – but to whose benefit?
Roundtable: UK real estate’s rocky road to recoveryAfter a period of political and economic turbulence, not to mention real estate market paralysis, participants in PERE’s UK roundtable anticipate calmer waters ahead.