Mark Heschmeyer <news@costar.com>
Blackstone held final close this past week on its latest global real estate fund, Blackstone Real Estate Partners VIII, and said that only 20% of the $15.8 billion it raised is already committed. And that raises the question. What is the world’s largest real estate investor going to do with the other $12.6 billion?
Based on an assumed blended 65% leverage across its investments for its latest global real estate fund, BREP VIII’s uncommitted capital...
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