Sunday, April 12, 2015 10:22:17 PM
Blackstone’s Deal With G.E. Highlights Its Real Estate Holdings
When it comes to real estate, Blackstone owns a lot more as well. The private equity firm, while better known for its huge buyouts in the deal boom before the financial crisis, is the largest private sector landlord in the United States. And that was the case even before General Electric announced on Friday that it would sell a $14 billion chunk of its real estate assets to Blackstone’s fast-growing property division as part of the conglomerate’s retreat from finance.
Blackstone’s bold bet on real estate is worldwide: skyscrapers in New York and Chicago (Sears Tower), sprawling malls and luxury hotels in Europe, Asia and the Middle East and, recently, close to 50,000 rental homes across the United States.
http://www.nytimes.com/2015/04/13/business/dealbook/blackstones-deal-with-ge-highlights-its-real-estate-holdings.html?_r=0
The biggest winner, though, might be the small-cap receiving a $4.6 billion mortgage portfolio from GE: Blackstone Mortgage Trust Inc (NYSE: BXMT). More on that in a bit.
http://finance.yahoo.com/news/small-cap-mortgage-reit-might-220200464.html
When it comes to real estate, Blackstone owns a lot more as well. The private equity firm, while better known for its huge buyouts in the deal boom before the financial crisis, is the largest private sector landlord in the United States. And that was the case even before General Electric announced on Friday that it would sell a $14 billion chunk of its real estate assets to Blackstone’s fast-growing property division as part of the conglomerate’s retreat from finance.
Blackstone’s bold bet on real estate is worldwide: skyscrapers in New York and Chicago (Sears Tower), sprawling malls and luxury hotels in Europe, Asia and the Middle East and, recently, close to 50,000 rental homes across the United States.
http://www.nytimes.com/2015/04/13/business/dealbook/blackstones-deal-with-ge-highlights-its-real-estate-holdings.html?_r=0
The biggest winner, though, might be the small-cap receiving a $4.6 billion mortgage portfolio from GE: Blackstone Mortgage Trust Inc (NYSE: BXMT). More on that in a bit.
http://finance.yahoo.com/news/small-cap-mortgage-reit-might-220200464.html
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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