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BLACKSTONE PREPARES A RECORD $50 BILLION TO SNAP UP REAL ESTATE DURING THE COMING CRASH

 
The Future Hegemon
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User ID: 83544866
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07/27/2022 08:45 AM

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BLACKSTONE PREPARES A RECORD $50 BILLION TO SNAP UP REAL ESTATE DURING THE COMING CRASH
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.

Read full article here:
[link to www.zerohedge.com (secure)]
I thought commanders could order anything.”
"They can order the moon to turn blue, too, but it doesn't happen. Listen, Ender, commanders have just as much authority as you let them have. The more you obey them, the more power they have over you.
The Future Hegemon  (OP)

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07/27/2022 08:45 AM

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Re: BLACKSTONE PREPARES A RECORD $50 BILLION TO SNAP UP REAL ESTATE DURING THE COMING CRASH
Be ready for the housing crash it's coming they don't want private citizens to own their homes.
I thought commanders could order anything.”
"They can order the moon to turn blue, too, but it doesn't happen. Listen, Ender, commanders have just as much authority as you let them have. The more you obey them, the more power they have over you.
Anonymous Coward
User ID: 12762317
United States
07/27/2022 09:00 AM
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Re: BLACKSTONE PREPARES A RECORD $50 BILLION TO SNAP UP REAL ESTATE DURING THE COMING CRASH
Last time this happened I snapped up a nice boat and a lake house for dirt cheap. Paid $200k and sold it a few years later for over $400k. Will do it again this time. Remember "cash is king".
The Future Hegemon  (OP)

User ID: 83544866
United States
07/27/2022 09:08 AM

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Re: BLACKSTONE PREPARES A RECORD $50 BILLION TO SNAP UP REAL ESTATE DURING THE COMING CRASH
Last time this happened I snapped up a nice boat and a lake house for dirt cheap. Paid $200k and sold it a few years later for over $400k. Will do it again this time. Remember "cash is king".
 Quoting: Anonymous Coward 12762317


hesright
I thought commanders could order anything.”
"They can order the moon to turn blue, too, but it doesn't happen. Listen, Ender, commanders have just as much authority as you let them have. The more you obey them, the more power they have over you.
AWG
User ID: 78895054
Italy
07/27/2022 09:35 AM
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Re: BLACKSTONE PREPARES A RECORD $50 BILLION TO SNAP UP REAL ESTATE DURING THE COMING CRASH
These maggots must be terminated before the sun sets.

WHAT THE FUCK IS WRONG WITH YOU LEOS

FUCKIN SIMPS
Anonymous Coward
User ID: 78895054
Italy
07/27/2022 09:37 AM
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Re: BLACKSTONE PREPARES A RECORD $50 BILLION TO SNAP UP REAL ESTATE DURING THE COMING CRASH
The thin blue line became a fat blue line

fattened on the things of the people on the road

BANDIT SEVEN LAYER BURRITO OF LEO KILLED

LAVOY FINICUM OUR MAN

You think you will be respected in the future? What the fuck would make you think that? You think we all will be your braceletted dogs in the future gulag? Communism = cops





GLP