|
REPLY TO THREAD
|
|
Subject
|
Blackstone Prepares A Record $50 Billion To Snap Up Real Estate During The Coming Crash
|
|
User Name
|
|
|
|
|
|
|
| Font color:
Font:
|
|
|
|
|
|
Original Message
|
The biggest is just waiting for the opportunity to get even bigger, with the help of the coming Biden/Powell housing crash.
The past two months have seen a barrage of negative news coverage focusing on the US housing market...
Is The Housing Crash Starting?
Why The Housing Bubble Bust Is Baked-In
The One Housing Chart That Shows A 'Buyer's Market' Has Returned
As Mortgage Rates Explode Price Cuts Soar And Buyer Demand Collapses
Housing Market Peaks: Home Prices Finally Drop From All-Time Highs
... which is predictable: after all, with mortgage rates soaring at the fastest pace on record to decade highs, and sending US housing affordability to the lowest in history...
... only a handful of the "1%" can afford the American Dream.
Alas, it also means that just like in 2007, a housing crash is now just a matter of time.
That much is known. What is also know, is that once housing craters, the largest US residential and commercial landlord - private equity giant Blackstone - is about to get even bigger. That's when it will deploy some (or all) of the record $50 billion in dry powder it has raised to prepare for just the coming housing crash.
According to the WSJ, Blackstone is the final stages of raising a new real-estate fund that would set a record as the biggest vehicle of its kind, defying market volatility and a crowded landscape for fundraising.
The private-equity giant said in a regulatory filing Wednesday it has closed on commitments totaling $24.1 billion for Blackstone Real Estate Partners X, the latest iteration of its main real-estate fund.
According to the WSJ, Blackstone is committing about $300 million of its own capital and has allocated an additional $5.9 billion to investors, which will bring the fund to $30.3 billion when it is finalized. The firm raised the fund, expected to be the largest traditional private-equity vehicle in history, in just three month. It was also Blackstone that set the prior record, with the $26 billion buyout fund it raised in 2019. The new real-estate fund will be 50% larger than its predecessor, a $20.5 billion pool raised in 2019.
[link to www.zerohedge.com (secure)]
|
|
Pictures (click to insert)
|
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | | | Next Page >> |
|
