The numbers behind a big fund
On Wall Street, one mystery has been whispered about for months: How accurate is the valuation of Blackstone’s flagship real estate fund?
The speculation has arisen because the fund, the $59 billion Blackstone Real
On Wall Street, one mystery has been whispered about for months: How accurate is the valuation of Blackstone’s flagship real estate fund?
The speculation has arisen because the fund, the $59 billion Blackstone Real
Co-produced by Austin Rogers
Right now, the prevailing consensus in the market seems to be that commercial real estate (“CRE”) and the publicly traded real estate investment trusts (“REITs”) (VNQ) that own it are permanently impaired. Property values are