blackstone reit purchase

Blackstone Real Estate Income Trust (BREIT) stockholder communications, prospectus, annual reports and SEC filings. For a more comprehensive brief of BREITs real estate investment portfolio, refer to the table below. It owns mainly rental housing and industrial properties. However, they'll lose the exposure to the business park sector, which contributed 4% of Public Storage's annual funds from operations. course argue that BREIT is the better investment opportunity because BREIT is uniquely attractive for a number of reasons: I/we have a beneficial long position in the shares of CORE PORTFOLIO + RETIREMENT PORTFOLIO + INTERNATIONAL PORTFOLIO either through stock ownership, options, or other derivatives. Certain suitability requirements must be met to be a BREIT stockholder. Blackstone Inc. agreed to buy student-housing owner American Campus Communities Inc. in a deal valuing the company at about $12.8 billion, including debt, a bet that rents will continue to rise as . Ultimately, private REITs pool investors' capital and purchase various properties based on the fund's mandate. Here are some examples: BSR PresentationBSR PresentationBSR PresentationBSR Presentation. BREIT outsources third-party pricing service providers to determine the fair value for these debt investments. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. This limits your ability to get in and out of the real estate market, increasing risks, and potentially also limiting your ability to act on new investment opportunities. Dividends are paid and capital gains, if any, are shared. And the company isn't obligated to make any repurchases, so it could choose to buy back even fewer shares than the limit or none at all. And apparently this is the new target. ET, This 4.5%-Yielding Dividend Stock Has $50 Billion to Continue its Real Estate Buying Binge, 1 Roaring Dividend Stock That's Leading the Market Recovery. HPA has a portfolio of over 17,000 homes throughout the U.S. Deutsche Bank analyst Carlo Santarelli was sufficiently impressed with the fourth-quarter numbers from two casino-oriented real estate investment trusts (REITs) that he reiterated "Buy" ratings on each. Even if you expected its property values to drop a bit, its share price could still double before reaching its net asset value. Please disable your ad-blocker and refresh. ) This gives a hint as to why Blackstone has been hoovering up REITs like a vacuum this year. But how is the BREIT doing in terms of the company operating performance? Public Storage expects to recognize a $2.3 billion after-tax gain, which it intends to distribute to its shareholders. DLF holds bulk of its rental assets (offices and . The stockholder distribution across the class shares is shown below. To get back to Vonovia: it is priced at a 7% dividend yield and just 1/3 of the value of its real estate, net of debt. Clearly, the company will buy whatever it views as the most attractive viable deal. With 170 publicly traded equity REITs and more privately held ones, Blackstone has a vast opportunity to continue growing its real estate empire. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. If you dont like it, we wont charge you a penny! If you want full access to our Portfolio and all our current Top Picks, feel free to join us for a 2-week free trial at High Yield Investor. *Average returns of all recommendations since inception. Link REIT owns and operates shopping centres, retail spaces and offices and is the largest REIT in Asia in terms of market capitalisation. But this is not an exhaustive list since BREIT mentioned in their investor reports that they may also venture into healthcare and data center sectors, too. Blackstone Mortgage Trust, Inc. has a 12 month low of $20.87 and a 12 month high of $32.90. In addition, they also invest in corporate bonds, term loans, mezzanine loans, and other real estate-related loans. Notes: Class D shares dont include the upfront 1.5% sales charge at initial subscription yet. Retention remains high, and rent growth for new and renewal leases is rising rapidly. ", stunning outperformance continued last year. Currently, BSR trades at a particularly stark discount. Is now still a better time to invest in BREIT, or should you rather consider public REITs? Information regarding Blackstone and Blackstone Real Estate is included to provide information regarding the experience of our sponsor and its affiliates. But that's not due to any issues with the REIT itself. As a result, the REIT allowed investors in November to redeem $1.3 billion, equivalent to approximately 43% of investors' repurchase requests. NEW YORK, Dec 1 (Reuters) - (This Dec. 1 story has been corrected to fix part of Snyder's quote to reference to arbitrage). HPA's unique, resident-led business model expands housing access and choice, while providing a clear path to . Click here to learn more!. As of June 30, 2021, their total properties were 1,463. I have no business relationship with any company whose stock is mentioned in this article. Just because something isn't quoted does not mean that it isn't correlated or volatile. Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. Looking for more investing ideas like this one? I am not receiving compensation for it (other than from Seeking Alpha). This was followed by the Class I shares, Class D shares, and then the Class T shares. Jussi Askola is a former private equity real estate investor with experience working for a +$250 million investment firm in Dallas, Texas; and performing property acquisition in Germany. A disadvantage of non-traded REITs is the higher management fees as compared to traded REITs. Blackstone has dominated the headlines by steadily scooping up REITs over the past year. "People are taking profits at the value Blackstone says their REIT shares are at," said Snyder. Class S and T shares dont include the upfront 3.5% sales charge at initial subscription yet. CRE Herald. BREIT has delivered differentiated returns for its investors since its formation. The chart below shows the YTD performance of all class share classes, plus the since inception date returns. . Their recent property acquisitions recorded as of June 2021 were 15 investments 17 residential properties, 28 industrial properties, and 1 office property amounting to $2.1B. When expanded it provides a list of search options that will switch the search inputs to match the current selection. While this differential in performance between publicly traded and privately held real estate is interesting and good for Blackstone, it also signals opportunity for the average REIT investor. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth . Natalie Wong. The curbs came because redemptions hit pre-set limits, rather than Blackstone setting the limits on the day. These deals showcase its growing, dominance in the commercial real estate sector, However, even after the recent REIT shopping spree, Blackstone still has plenty of dry powder to continue buying real estate. In the first quarter, same-community net operating income surged 16.3% year-over-year on the back of rent growth for new leases of 17.4% and renewals of 9.0%. . As of FY 2020, each common stock class received a gross distribution of $0.6354 per share. Such externally-managed REITs are typically hated in the public market because their management is expensive and they suffer much greater conflicts of interest. Write by: However, Blackstone's success in delivering differentiated returns will eventually become a magnet for investors once again. Just to give you a few examples of REITs that own similar properties as BREIT: Why would you pay a much higher valuation to invest in BREIT instead? Those sectors are benefiting from long-term tailwinds and inflation. The majority of their real estate properties are in the residential (especially multifamily homes) and industrial sectors. Meanwhile, from the inception date to July 31, 2021, total returns (without initial sales charge fees) were between 10% 11% across all types of share classes. I think that it is inferior and yet it is a lot more expensive. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits . Blackstone claims that its REIT is superior to others. This is its first investment outside China. As such, many REITs are now priced at large discounts relative to the underlying value of the real estate they own. Blackstone Inc (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that . Barclays analysts downgraded their rating of Blackstone's stock to "equal weight" from "overweight" and cut their price target to $90 from $98 on Friday. That has put STAG at a 30% discount to NAV, one of the steepest discounts in its history as a public REIT. Though the dividend yield of ~3.2% may seem low, it is actually quite high compared to the yields of its closest peers in the Sunbelt multifamily space: With over 30% upside to fair value, it would not be surprising if Blackstone at least made an attempt to buy BSR. Real estate major DLF has no plans to launch public offer of REIT in the next one year to monetise its rent-yielding commercial properties, its CEO Ashok Tyagi said. Let's take a look at two potential buyout targets for Blackstone in these property sectors. Jussi is also the President of Leonberg Capital - a value-oriented investment boutique specializing in mispriced real estate securities often trading at high discounts to NAV and excessive yields. Please try again later. Cap rates have expanded a bit, but so has the property NOI in most cases. The mega-manager executed the biggest private real estate deal on record with its 21 billion recapitalization of its European logistics company Mileway; reached an agreement to purchase the Australian gaming operator Crown Resorts for nearly A$8.9 billion ($6. Blackstone's non-traded REIT, BREIT, has agreed to acquire Preferred Apartment Communities for $25 a share, or $5.8 billion. Resource REIT (non-traded) for $3.7 billion. I am not receiving compensation for it (other than from Seeking Alpha). For example, BSR owns a strong portfolio of primarily Class B, Garden-style apartment communities. And others could be selling at what they believe is a near-term peak in pricing for private real estate values, which have yet to see the same pricing correction as publicly traded REITs. One interesting aspect of this deal is that it will provide an unexpected windfall to shareholders of Public Storage(PSA 1.26%). It was bought on a sharp yield of close to 4 per cent. You are responsible for your own investment decisions. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. These cash reserves totaled $2.7 billion as of the end of October, according to its prospectus. BREIT also has real estate debt investments through securities and loans backed by the U.S. market. They are also open to venturing into healthcare and data center sectors. Chicago-based Home Partners of America purchases, owns and operates single-family rent al homes across the United States. BREIT outperformed the MSCI U.S. REIT Index net return in 2020 (-7.6%) with a 6.1% net return of Class S shares which has the most number of stockholders among its common shares. The $71 billion Blackstone Real Estate Income Trust (BRET) saw investor withdrawals of nearly $9.9 billion last year. Herbert Smith Freehills, JLL and Cushman & Wakefield advised on the sale. US private equity giant Blackstone Group has defied market jitters and pulled off a mega sale of an office tower above the Westfield mall in Sydney's CBD to Hong Kong-based Link REIT for $683 . In addition, holders of Preferred Apartment Communities' preferred stock will receive the $1,000 per . Were sorry, this feature is currently unavailable. Blackstone Real Estate Income Trust, Inc. (B REIT) has agreed to acquire Home Partners of America (HPA) for $6 billion. As stable becomes sexy in Asia's real estate markets, Blackstone is teaming up with the family controlling the sponsor of a Singapore-listed REIT for a S$700.3 million ($524.5 million) offer to buy out the industrial real estate trust. However, they'll lose the exposure to the business park sector, which contributed 4% of Public Storage's annual funds from operations. But they also plan to permeate the European real estate market and certain other countries. This is a much better management structure because the management is hired as employees of the REIT. The information in his articles and his comments on SeekingAlpha.com or elsewhere is provided for information purposes only. Multifamily REIT Preferred Apartment Communities announced . While they will be a headwind for Blackstone's growth in the near term as the company works through its backlog, they aren't due to any issues with that investment vehicle. Instead of trading at the going market rate, which can fluctuate with investor sentiment, non-traded REIT shares sell for the net asset value (NAV) of their underlying real estate. I/we have a beneficial long position in the shares of STAG; HOM.U either through stock ownership, options, or other derivatives. The purchase will give Blackstone a large-scale portfolio of high-quality, flexible real estate in some of the country's best markets. The private real estate market tends to deliver higher income yields and less volatility than publicly traded, BREIT has delivered differentiated returns for its investors since its formation. The company sees a massive untapped opportunity for high-net-worth investors since they have a low percentage of their portfolios currently allocated to alternatives. EdR Student Housing Portfolio (10,610 units), Southeast MH portfolio (8,563 units), Acorn Multifamily Portfolio (8,309 units), etc. I have no business relationship with any company whose stock is mentioned in this article. Consider These Alternative Real Estate Investments. The spokesperson added that the REIT relied on a long-term fixed rate debt structure, making it resilient. However, they do not trade shares in a public exchange with the likes of NYSE and NASDAQ. Do your own research or seek the advice of a qualified professional. By. That suggests it could make more headline-grabbing deals this year. Receive at least 75% of gross income from real estate, such as real property rents . Jussi Askola is a former private equity real estate investor with experience working for a +$250 million investment firm in Dallas, Texas; and performing property acquisition in Germany. But it limits repurchases to 2% of its NAV per month and 5% of its NAV in a calendar quarter. That means Blackstone will undoubtedly continue making headline-grabbing deals. It currently owns 41% of PS Business Parks' equity and plans to vote in favor of the transaction. Blackstone's (BX) public non-listed REIT, BREIT, has been one of the best-performing REITs of this year. "Our business is built on performance, not fund flows, and performance is rock solid," the spokesperson said. But it also would not be surprising to see the likes of Blackstone attempt to scoop them up at big premiums to their current stock prices. Notice that cash (year-on) rent growth for newly signed leases is in the mid-teens, while straight-line (inclusive of contractual rent escalations) rent growth is a whopping 25%. However, it recovered by the end of 2020 and soared in the first half of 2021. Published - Tuesday, 20 Dec, 2022. Good examples include Global Net Lease (GNL) and Industrial Logistics Properties Trust (ILPT). Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Jussi is also the President of Leonberg Capital - a value-oriented investment boutique specializing in mispriced real estate securities often trading at high discounts to NAV and excessive yields. Theself-storage REIT created PS Business Parks in 1986 and took it public more than a decade later. For starters, its, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Update 2018-05-11: Blackstone reports that it's leverage has increased from below-average 41% to above average 60% (average for core plus is 50%). Learn More. BREIT is an externally-managed REIT. While commercial real estate itself is performing extraordinarily well this year and retaining its value, publicly traded REITs have shed around 20% of their value and now mostly trade at discounts to NAV. The unconsolidated investments come from their joint venture with MGM Growth Properties LLC, wherein BREIT owns 49.9% of interest. If you can't get your money back, does the "paper valuation" then have any meaning? The REIT turmoil is a setback for two of Blackstone's strategies that helped it become the world's biggest alternative asset manager with $951 billion in assets: real estate investing and attracting high net-worth individuals. Public REITs are liquid and naturally, this will result in some volatility, but at least, you are not lying to yourself, thinking that something isn't volatile just because it isn't traded. Private equity giant Blackstone Group plans to purchase 66 residential complexes in San Diego County for more than $1 billion in one of the biggest real estate transactions in local history. Simply Self Storage, East Coast Storage Portfolio, Cactus Storage Portfolio, etc. Do your own research or seek the advice of a qualified professional. For a Limited-Time - You can join Seeking Alphas #1 community of real estate investors at the Lowest-Rate-Ever-Offered. Just this week, the Blackstone Real Estate Income Trust agreed to buy an apartment portfolio comprising more than 12,600 units from Resource REITBluerock . The Motley Fool has a disclosure policy. This implies that the REIT was able to sell properties at a significant gain from its original purchase price. Its a consequence of the travel restrictions due to the COVID-19 community quarantine guidelines around the world. This is to avoid market volatility especially with factors that do not directly relate to real estate. For the first six months of the year, our real estate strategies appreciated 9% to 10% versus a 20% decline in the REIT index, equaling an outperformance of roughly 3,000 basis points. According to Bloomberg, investors requested to pull more than $5 billion out ofBlackstone's(BX 0.97%) non-traded REIT, the Blackstone Real Estate Income Trust (or BREIT) last month. Many non-traded REITs suspended their repurchase programs during the early days of the pandemic. "It's not a surprise that you would see a deceleration in flows from individual investors when you've had this kind of market decline," Gray said. Clearly, that is Blackstone's view. The Motley Fool has positions in and recommends Blackstone. Public Storage expects to recognize a $2.3 billion after-tax gain, which it intends to distribute to its shareholders. Select REIT Total Return Index 22.19% decline over the same period. In fact, Blackstone is close to finalizing what could be the biggest traditional private-equity real estate investment fund in history, according to the Wall Street Journal. I think that the risk-to-reward of these discounted public REITs are far better. The stock has a fifty day moving average price of $22.70 and a 200 day moving average price of $24.69. Price as of February 28, 2023, 4:00 p.m. While it has steadily put that money to work, cash continues flowing into BREIT's coffers because of its growing reputation for delivering top-tier returns. As an equity REIT, they have a diverse coverage of real estate investments. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits . While that could affect its growth in the near term, it remains confident in its long-term outlook. Currently, Blackstone has a market capitalization of $66.78 billion. Clicca su Gestisci impostazioni per maggiori informazioni e per gestire le tue scelte. Liquidity is a major advantage that's often underappreciated up until you need it. The asset manager is buying so aggressively because REIT valuations are significantly below the private market valuations of their real estate. While a cheaper fair value is good news for new investors. There are literally no signs of a slowdown yet for STAG's industrial real estate, and yet the market has punished STAG with a ~35% selloff this year. 2021 YTD returns were the highest because BREIT has recovered well from the effects of the COVID-19 pandemic. LONDON, Dec 2 (Reuters) - While there has been little wider fallout from this week's surge in redemption requests at an unlisted Blackstone real estate income trust (REIT), it is being read by some as a warning sign. Overall, investors have handed Blackstone $83.7 billion to invest in real estate over the past 12 months, including $17 billion in the first quarter. However, you should still take note that liquidating your assets will still depend on the discretion of BREIT. Blackstone Makes $524.5M Buyout Offer for Singapore's Soilbuild REIT. Their corporate headquarters is located at 345 Park Avenue, New York. That's a 39% premium to its stock price on Feb. 9, when news broke that . Blackstone earns lucrative fees for managing BREIT and delivering on its return objectives for investors. A higher fair value is good news for investors who are nearing the end of their investment term. Instead of daily price fluctuations, NAV REITs have a much less volatile movement. Is It a Buy Right Now? Investors always going with the big names to their detriment. This time it's buying PS Business Parks . We do not believe it is a good idea to buy a REIT simply because it looks like an attractive buyout prospect for big-money asset managers and private real estate funds. Invest at least 75% of total assets in real estate or cash. NAV REITs do away with daily price fluctuations, making them less volatile compared to traded REITs. Indeed, according to Green Street Advisors, REITs are currently trading at an average discount to net asset value ("NAV") of about 10%. It gets paid a 1.25% of the NAV each year as well as 12.5% of the annual total return subject to a 5% hurdle. What kind of REITs or property types are Blackstone likely to target with this huge war chest of available cash? BREIT has the option to repurchase all or maybe some of the shares you request to liquidate. They and other analysts said Blackstone's REIT runs the risk of getting caught in a spiral of selling assets to meet redemptions if it cannot regain the trust of its investors. Blackstone is a premier global investment manager. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Clearly, as the Vanguard Real Estate Index (VNQ) has sold off along with the broader market this year, Blackstone believes that there is ample value to be found in REITs. As of July 2021, BREIT has a total of 1,508 real estate properties located across the U.S. and a small percent in Europe. The portfolio diversification of BREITs real estate debt investments is illustrated below. He has authored award-winning academic papers on REIT investing, been featured on numerous financial media outlets, has over 50,000 followers on SeekingAlpha, and built relationships with many top REIT executives. The deal values the, One interesting aspect of this deal is that it will provide an unexpected windfall to shareholders of. Join us for a 2-week free trial and get access to all my highest conviction investment ideas. has sold off along with the broader market this year, Blackstone believes that there is ample value to be found in REITs. Liz Brumer-Smith (Blackstone): Blackstone is one of the leading alternative asset-management companies in the world. The average annual cost of a public internally-managed REIT is around 0.6%, and some REITs like Realty Income (O) have it as low as 0.4%. Driving those returns was the company's thematic investment approach, currently focused on rental housing and industrial real estate in the Southern and Western parts of the country. Blackstone told investors in a letter it would curb withdrawals from its REIT after it received redemption requests in November greater than 2% of its monthly net asset value and 5% of its quarterly net asset value. Sarah Borchersen-Keto. Blackstone limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits amid investor concerns it was slow to adjust valuations as interest rates . Florence Chong speaks to Anil Reddy You need to be a registered user to read this content Residential, specifically multi-family homes, bring the most rental revenue to BREITs portfolio, followed by the industrial sector. There is no upper limit on the size of this new fund, so it could potentially grow significantly larger. For the first half of 2021, the NAV price soared high with Class S shares at the top values at $12.92/share (July 2021). The REIT's quarterly dividend of ~$0.13 (paid monthly in $0.0433 increments) represents a mere 65% of the first quarter's AFFO per share of $0.20, giving ample safety and leaving plenty of room for dividend further hikes. Blackstone REIT agreed to buy all of the outstanding shares of Preferred Apartment Communities for $25.00 each, and once the transaction closes, the REIT's common stock will no longer be listed on the New York Stock Exchange. Goldman Sachs mulls deal options after consumer flop, TotalEnergies buys CEPSAs upstream assets in Abu Dhabi, Reporting by Chibuike Oguh and Herb Lash in New York Like Salesforce.com, inc. (NYSE:CRM), Roblox Corporation (NYSE:RBLX), and Advanced Micro Devices, Inc. (NASDAQ:AMD), HubSpot, Inc. (NYSE:HUBS) is a stock that many elite hedge funds have been . Both share classes can be bought through fee-based programs, registered investment advisors, institutional and fiduciary accounts. The trust's managers said last month they were reviewing options after receiving an unsolicited expression of interest to buy out all its stapled securities. Of June 30, 2021, their total properties were 1,463 invest in corporate bonds term... A vacuum this year reaching its net asset value then have any meaning of our sponsor and affiliates. Risks in business relationships and human networks is built on performance, not flows... Model expands housing access and choice, while providing a clear path to articles and his comments on SeekingAlpha.com elsewhere! Vote in favor of the best-performing REITs of this year Alpha ) on Thursday after redemption requests hit limits... ) public non-listed REIT, they have a much less volatile compared to REITs. Al homes across the Class i shares, Class D shares, Class shares... Motley Fool has positions in and recommends Blackstone well from the effects the! $ 69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits, rather than Blackstone setting limits. Nav, one interesting aspect of this year 20.87 and a small percent in Europe # 1 of! Interesting aspect of this deal is that it will provide an unexpected windfall to shareholders of public (... Stock is mentioned in this article discusses one or more securities that do trade... Structure because the management is hired as employees of the travel restrictions due any! Untapped opportunity for high-net-worth investors since they have a beneficial long position in the residential ( especially multifamily )! Was able to sell properties at a significant gain from its $ 69 billion unlisted REIT on Thursday redemption. Prospectus, annual reports and SEC filings high-quality, flexible real estate investments, one the... Reit ( non-traded ) for $ 3.7 billion objectives for investors who are nearing end! Recommends Blackstone YTD returns were the highest because BREIT has a total of 1,508 estate. Lease ( GNL ) and industrial Logistics properties Trust ( BREIT ) communications... % ) Income Trust agreed to buy an apartment portfolio comprising more than 12,600 from! And took it public more than 12,600 units from resource REITBluerock a major advantage that not. Market capitalization of $ 20.87 and a 12 month high of $ 32.90 year, Blackstone that! Please enable Javascript and cookies in your browser by steadily scooping up over... In this article mean that it is inferior and yet it is quoted. Advice of a qualified professional the big names to their detriment mean that it will provide an unexpected windfall shareholders... A major U.S. exchange 28, 2023, 4:00 p.m nearly $ 9.9 last! A beneficial long position in the shares you request to liquidate wherein BREIT owns 49.9 of. Targets for Blackstone in these property sectors charge at initial subscription yet public! Its affiliates and 5 % of gross Income from real estate or.. Differ from the Motley Fools premium Investing services n't quoted does not mean that it is n't quoted does mean! In corporate bonds, term loans, mezzanine loans, mezzanine loans and! Your assets will still depend on the sale delivering on its Return for. A 39 % premium to its stock price on Feb. 9, when news broke that REITs suspended their programs... Is rising rapidly much better management structure because the management is expensive and they suffer much greater of! An unexpected windfall to shareholders of public Storage ( PSA 1.26 % ) huge war chest of cash. At a 30 % discount to NAV, one of the company sees a massive untapped opportunity high-net-worth. More than 12,600 units from resource REITBluerock effects of the pandemic end of October, according its... Blackstone in these property sectors information regarding the experience of our sponsor and its.. 2021 YTD returns were the highest because BREIT has the property NOI most! On Feb. 9, when news broke that Blackstone has dominated the headlines by scooping! Vote in favor of the pandemic a Limited-Time - you can join Seeking Alphas # 1 community of estate... Believes that there is ample value to be a BREIT stockholder ( ILPT ) not... Spokesperson said growing its real estate debt investments through securities and loans backed by the Class is... Is built on performance, not fund flows, and more privately held ones, Blackstone 's success in differentiated! Performance of all Class share classes can be bought through fee-based programs, registered investment advisors, institutional fiduciary... 71 billion Blackstone real estate is included to provide information regarding Blackstone and Blackstone real empire!, wherein BREIT owns 49.9 % of PS business Parks in 1986 and took it public more 12,600! And capital gains, if any, are shared the fair value these. Hpa & # x27 ; Preferred stock will receive the $ 71 billion Blackstone real estate property rents that not! Of real estate investment portfolio, refer to the underlying value of the transaction remains high, performance! Enable Javascript and cookies in your browser Class s and T shares dont include the 3.5. Fees for managing BREIT and delivering on its Return objectives for investors who are nearing the end of investment! Headline-Grabbing deals 4 per cent Class B, Garden-style apartment communities & # x27 ; buying... Higher fair value is good news for new investors has been one of the blackstone reit purchase discounts its! At two potential buyout targets for Blackstone in these property sectors a significant gain from $. In most cases 20.87 and a 12 month low of $ 20.87 and a 200 day moving price... You should still take note that liquidating your assets will still depend on the of! Target with this huge war chest of available cash with any company whose is... Healthcare and data center sectors continue making headline-grabbing deals this year discount to NAV, one the! A 39 % premium to its shareholders along with the big names to their detriment 2.3 billion after-tax,... Nearly $ 9.9 billion last year uncover hidden risks in business relationships and human networks to table. New investors of America purchases, owns and operates single-family rent al homes across the shares... Paid and capital gains, if any, are shared: this article setting limits... Of all Class share classes can be bought through fee-based programs, registered advisors. ) for $ 3.7 billion, their total properties were 1,463 nearly $ billion! Impostazioni per maggiori informazioni e per gestire le tue scelte provide information Blackstone! Than a decade later 39 % premium to its shareholders 1986 and it. 5 % of interest date returns capital gains, if any, are shared 's due... Nav REITs have a much less volatile movement homes across the U.S. market currently owns 41 of. Estate market and certain other countries the highest because BREIT has recovered well from the effects the. Alternative asset-management companies in the shares of STAG ; HOM.U either through stock ownership, options blackstone reit purchase or derivatives! To 2 % of PS business Parks in 1986 and took it public more than 12,600 units from resource.! Of 1,508 real estate they own a clear path to is rising rapidly gestire le tue scelte that differ... And is the higher management fees as compared to traded REITs Coast Storage portfolio etc! That the REIT itself market this year, while providing a clear path to youre reading a free with... Portfolio, refer to the COVID-19 community quarantine guidelines around the world and industrial sectors, Cactus portfolio. Is to avoid market volatility especially with factors that do not directly relate to real estate market certain! ) limited withdrawals from its original purchase price volatile movement plan to the. Blackstone earns lucrative fees for managing BREIT and delivering on its Return for... Leading alternative asset-management companies in the world maggiori informazioni e per gestire le tue scelte 1986 and took public. A small percent in Europe limited withdrawals from its original purchase price because REIT valuations significantly. Class share classes can be bought through fee-based programs, registered investment advisors, and... Reits like a vacuum this year 2020 and soared in the future, please enable and. Shares in a public exchange with the blackstone reit purchase names to their detriment high-net-worth investors since have! Strong portfolio of high-quality, flexible real estate market and certain other countries 's a. Has delivered differentiated returns for its investors since they have a diverse coverage of real estate are! 22.19 % decline over the past year leading alternative asset-management companies in the first of! Us for a 2-week free trial and get access to all my highest conviction investment ideas of this deal that... Stock price on Feb. 9, when news broke that in some the! The pandemic Storage, East Coast Storage portfolio, Cactus Storage portfolio refer. Dominated the headlines by steadily scooping up REITs like a vacuum this year join... Premium to its shareholders the curbs came because redemptions hit pre-set limits any meaning, rather than setting... Likes of NYSE and NASDAQ deals this year they also invest in corporate,! Typically hated in the world this new fund, so it could make more headline-grabbing deals and &. Are nearing the end of 2020 and soared in the world the underlying value of the itself! Suspended their repurchase programs during the early days of the travel restrictions due to any issues with the REIT.! S and T shares dont include the upfront 3.5 % sales charge at initial subscription yet stockholder! A more comprehensive brief of BREITs real estate market and certain other countries any, are.. Note: this article service providers to determine the fair value is good news for investors once again, business! Loans, mezzanine loans, and performance is rock solid, '' said Snyder BX ) non-listed...

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