There's more trouble in financial paradise #Blackstone #REIT #redemptions
#redemptions #REIT #blackstone
"Blackstone’s flagship property fund got a boost that bosses hope will deter investors from asking for their money back.... The New York private-equity firm said on Tuesday that the University of California will buy shares worth $4 billion in BREIT."
https://www.wsj.com/articles/blackstones-leaky-property-fund-pays-for-a-thumbs-up-11672835886
#Realestate #REIT #CRE #blackstone #breit #wsj
The U.S. multifamily sector expanded at a more modest pace during Q3 2022. Rent growth remained high, although lower than the levels seen over the past year. Investment activity also remained strong, as cap rates continued to compress. Overall, the sector remains a favored asset class going forward.
See my latest snapshot for the market's key indicators: https://arbor.com/blog/u-s-multifamily-market-snapshot-q3-2022/.
#REIT #CRE #multifamily #RealEstateInvestment