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Blackstone Prepares A Record $50 Billion To Snap Up Real Estate During The Coming Crash
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[quote:Anonymous Coward 20467870:MV81MTkwMTIyXzk1NDI5NzU2XzUwRTVDRDM0] Keep on squattin in the clown world. [/quote]
Original Message
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 capita
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