We are having some technical difficulties. “The investment manager, part of Blackstone Real Estate Debt Strategies, strives to be a long-term trusted partner to its valued clients and believes that an orderly wind down would provide shareholders with the best path to maximize portfolio recovery while also providing shareholders with liquidity,” stated the Blackstone filing. These cookies will be stored in your browser only with your consent. Blackstone. Fund’sProspectus Supplement dated July 13, 2020, Blackstone Real Estate Income Advisors L.L.C., the investment manager (the “InvestmentManager”) of the Fund, recommended to the Board of Trustees of the Fund (the “Board”) that an orderly liquidation of the Fund would be in the best interest of the Fund’s shareholders (“Shareholders”). Blackstone bought the fund’s assets in part with $400 million borrowed through reverse repurchase agreements, filings cited by Bloomberg show. BLACKSTONE REAL ESTATE INCOME FUND Supplement No. Blackstone Real Estate Income Fund II (BREIF II) Scroll left. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types including, multifamily, industrial, hotel, retail and office. Blackstone Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by The Blackstone Group (NYSE: BX), has agreed to purchase the EdR Student Housing Portfolio for $1.2 billion in a joint venture with Greystar Real Estate Partners. BlackstoneShareholderRelations@Blackstone.com. Investor Documents; Distribution … Automaker lets 30K workers stay home post-pandemic. Blackstone is planning a liquidation of its Real Estate Income Master Fund, according to a filing dated July 13. Address “The investment manager, part of Blackstone Real Estate Debt Strategies, strives to be a long-term trusted partner to its valued clients and believes that an orderly wind down would provide shareholders with the best path to maximize portfolio recovery while also providing shareholders with liquidity,” stated the Blackstone … After 2-year drought, 425 Park Ave snags new tenant, Cerberus Capital, Stonemont Financial form $1B domestic industrial venture, Lower East Side home of Mercury Lounge for sale, Newmark’s acquisition of Knotel is approved, Bars, restaurants stuck with curfew as others get green light, Et tu, Ford? The Fund invests substantially all of its assets in Blackstone Real Estate Income Master Fund (the “Master Fund”). Shareholders who owned shares of BX prior to July 1, 2019 can view their annual K-1 tax forms with respect to those shares at Partner Datalink’s website here, and can also find contact information for additional K-1 related questions.. IRS Form 8937 related to the conversion is now available here. It is mandatory to procure user consent prior to running these cookies on your website. Blackstone Real Estate Income Trust Completes Acquisition Of Bellagio Real Estate From MGM Resorts International For $4.25 Billion In … These cookies do not store any personal information. For full functionality of this site it is necessary to enable JavaScript. Please note by checking this box you represent that you are properly licensed with FINRA to offer shares of Blackstone Real Estate Income Trust and are properly registered in the designated jurisdiction where the materials are being sent. The closure of the fund comes as CMBS delinquencies soar, particularly in the hospitality sector. Manufactured home real estate investment trust Sun Communities Inc. reportedly was among the bidders for the portfolio, which is being sold by Summit Communities. Bluerock Total Income+ Real Estate Fund (“TI+” or “Fund”) is a public fund utilizing a multi-manager, multi-strategy, and multi-sector approach. Supplement dated July 13, 2020, Blackstone Real Estate Income Advisors L.L.C., the investment manager (the “InvestmentManager”)of the Fund, recommended to the Board of Trustees of the Fund (the “Board”)that an orderly liquidation of the Fund would be in the best interest of the Fund’s shareholders (“Shareholders”). Blackstone is planning a liquidation of its Real Estate Income Master Fund, according to a filing dated July 13. The alternative asset management giant plans to make the acquisition through Blackstone Real Estate Income Trust Inc. and to invest in property upgrades such as swimming pools and other shared facilities, one of the people … To read this full article you need to be subscribed to Newsline. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. Die Blackstone Group besitzt Niederlassungen in New York (345 Park Avenue), Atlanta, Boston, Chicago, Dallas, Düsseldorf, Hongkong, Houston, London, Los Angeles, Menlo Park, Mumbai, Paris, San Francisco und Tokio.. Das Unternehmen ist in die vier Geschäftsfelder Corporate Private Equity, Real Estate, Marketable Alternative Asset Management und Financial Advisory aufgeteilt. Blackstone said in its filling that the Master Fund’s assets “have begun to see a recovery in pricing since the recent trough related to the outbreak of COVID-19.” CEO Stephen Schwarzman forecasted a V-shaped recovery last month. The company is winding down the Blackstone Real Estate Income Master Fund… New York, NY 10154. Order Now. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. (an affiliate of Blackstone Real Estate Debt Strategies) has called for repayment of its mezzanine loans. We also use third-party cookies that help us analyze and understand how you use this website. [Bloomberg] — Erin Hudson. National Cheat Sheet: Sears avoids liquidation, warehouse vacancies hit 18-year low, Blackstone plans massive real estate fund … & more National / Jan. January 18, 2019 08:00 AM MGM Growth Properties And Blackstone Real Estate Income Trust To Form Joint Venture To Acquire The Las Vegas Real Estate Of The MGM Grand And Mandalay Bay For $4.6 Billion And Simultaneously Execute Long-Term Lease With MGM Resorts . Blackstone converted from a publicly traded partnership to a corporation on July 1, 2019. The Board has approved the Investment By May 31, the fund’s net assets had fallen to $553 million from $773 million at year-end. Dear BREIF Shareholder, We are pleased to present this semi-annual shareholder report for Blackstone Real Estate Income Fund (“Feeder Fund I”) and Blackstone Real Estate Income Master Fund and Subsidiary (the “Consolidated Master Fund”). You should read the prospectus carefully for a description of the risks associated with an investment in BREIT. REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. Blackstone Group is throwing in the towel on a mortgage-backed securities fund. Round-up of top news and topics for each of the following cities: Editorially-curated headlines and news to know for the following areas: The numbers behind office leases, retail, sales and financing. In a filing, Blackstone said closing the fund would provide its shareholders with cash and the “best path to maximize portfolio recovery.”. The Blackstone Real Estate Income Master Fund, with about $1.1 billion of total investments at year-end, including those purchased with leverage, will sell the … Our leverage ratio is measured by dividing (i) consolidated property-level and entity-level debt net of cash and loan-related restricted cash, by (ii) the asset value of real estate investments (measured using the greater of fair market value and cost) plus the equity in our settled real estate debt investments. publication offers and more. Blackstone Real Estate Income Trust Inc (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. The Board has approved the Investment Manager’s READ MORE. Blackstone Real Estate Income Trust, Inc. (“BREIT”) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income-focused investors. This investment involves a high degree of risk. Blackstone Real Estate Income Fund (BREIF) Scroll left. Tom Barrack’s Colony Capital is at risk of losing control of two hotel portfolios financed by CMBS, and consensus is emerging in Congress for the federal government to prop up the market. Necessary cookies are absolutely essential for the website to function properly. In March 2018, Blackstone's Strategic Capital Holdings Fund invested in Rockpoint Group. (HOUSTON) - Hines Real Estate Investment Trust, Inc. (“Hines REIT" or the “Company”), one of three public non-listed REITs sponsored by Hines, announced today that its board of directors unanimously voted to approve a plan for liquidation and dissolution of the Company. This website uses cookies to improve your experience while you navigate through the website. In connection with the liquidations of the Fund, Blackstone Real Estate Income Fund II and Blackstone Real Estate Income Master Fund, the Fund will make periodic distributions to its shareholders consisting of liquidation proceeds in exchange for the redemption of a corresponding number of shares. You also have the option to opt-out of these cookies. These risks … Blackstone Real Estate Income Trust (NYSE:BX) to acquire Simply Self Storage from a Brookfield Asset Management (NYSE:BAM) real estate fund for ~$1.2B. Blackstone REIT holds a 95 percent interest in the joint venture, while Greystar holds the remaining 5 percent. Blackstone is planning a liquidation of its Real Estate Income Master Fund, according to a filing dated July 13. But opting out of some of these cookies may have an effect on your browsing experience. Sign up to receive emails from IREI. The company later registered a $12 billion follow-on offering, and as of March 20, 2020, had received $7.1 billion in investor proceeds. The securities the fund held were reportedly packaged by both government entities and private issuers. We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. Last year, Blackstone raised Europe’s largest ever real estate fund at €7.8bn off the back of its record-breaking $15.8bn (£11.7bn) 2015 global fund. Blackstone’s Jonathan Gray (iStock, Getty). US: +1 (888) 756-8443. International: +1 (646) 313-6590. BLACKSTONE REAL ESTATE INCOME FUND . Unternehmensprofil. You’ll receive updates on upcoming events, special Investor Documents ; Distribution … Please Allow Javascript and reload this page. Try again later. The enforcement has followed a … Why Real Estate with Blackstone. Shareholder Relations. By clicking on “I accept”, you consent to our Privacy Policy. Blackstone seeks to utilize their global expertise and presence to generate attractive returns for investors in any environment, and to make a positive impact on the communities in which they invest. This category only includes cookies that ensures basic functionalities and security features of the website. At the start of the year, the fund had $687 million in commercial mortgage-backed securities, and $227 million in residential mortgage-backed securities. The Fund is a “feeder” fund in a “master-feeder” structure. By clicking Subscribe you agree to our Privacy Policy. In the past five years, the fund had an average annual return of 5.52 percent. BREIT is a non-listed REIT that invests in primarily stabilized commercial real estate properties with a focus on providing current income. Politicians want Feds to rescue CMBS market, Colony Capital may lose control of 2 largest CMBS hotel portfolios, Submerged in securities: Many CMBS hospitality loans may be underwater soon. Blackstone Group is throwing in the towel on a mortgage-backed securities fund. Last year, in a record industrial real estate deal, Blackstone spent $18.7 billion to acquire warehouses across the U.S. from Singapore-based GLP. It has now raised €2.3bn for its debut core-plus European fund that sees it expand over and above its traditional domain of opportunistic investing. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Blackstone Real Estate Income Trust originally registered $5 billion in shares and accepted gross offering proceeds of $4.9 billion from January 1, 2017 to January 1, 2019. Indebtedness incurred (i) in connection with funding a deposit in advance of the closing of an … Accordin, Glossary, videos, podcasts, research in the Resource Center. 2, dated March 25, 2020, to the Prospectus, dated May 1, 2019 (the “Prospectus”), for Common Shares of Beneficial Interest Update on Market Events and Fund Liquidity You also represent that the investor meets all suitability standards set forth in the prospectus. 1, dated July 13, 2020, to the Prospectus, dated May 1, 2020 (the “Prospectus”), for Common Shares of Beneficial Interest After careful consideration, the Investment Manager has recommended, and the Board of Trustees of the Fund (the “Board”) has approved, subject Invista European Real Estate has announced that its mezzanine lender, Islay Investment S.à r.l. Feeder Fund I, Blackstone Real Estate Income Fund II (“Feeder Fund II”) and the Consolidated Master Fund are collectively referred to as the “Funds… The fund will continue to be actively managed until it is liquidated. All rights reserved © 2021 The Real Deal is a registered Trademark of Korangy Publishing Inc. In March 2018, Blackstone Real Estate Income Trust, Inc. acquired a 22 million square foot portfolio of industrial properties from Cabot Properties for $1.8 billion. The Fund allows individuals to invest in private, institutional real estate securities alongside some of the nation’s largest endowment and pension plans. Javascript is disabled in your web browser. Performance charts for Blackstone Real Estate Income Trust Inc Fund (BREITII) including intraday, historical and comparison charts, technical analysis and trend lines. BLACKSTONE REAL ESTATE INCOME FUND Supplement No. It went on to say: “The funds continue to be actively managed, have recently built a strong cash position and as of the date of this supplement, the master fund’s assets have begun to see a recovery in pricing since the recent trough related to the outbreak of COVID-19.”, With some $1.1 billion of total investments at year-end, the fund is planning to sell the assets and distribute the proceeds to shareholders. Blackstone is a global leader in real estate investing. The Fund . 345 Park Avenue. The company is winding down the Blackstone Real Estate Income Master Fund, which realized a 24 percent decline when the coronavirus struck in March, according to Bloomberg. You should purchase these securities only if you can afford the complete loss of your investment. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Blackstone Real Estate Income Fund is a Delaware statutory trust that is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a closed-end, non-diversified management investment company. As Invista is unable to repay the loans, the lender has enforced its security over the entire interests of Invista. These cookies on your website blackstone Real Estate Income Master fund ” ) offers and more and! To function properly fund ” ) Real Estate Income Master fund ” ) has called for repayment of its in! European Real Estate has announced that its mezzanine loans stabilized commercial Real Estate Master... Investment Manager ’ s net assets had fallen to $ 553 million from $ 773 at... News, Real DEALS DELIVERED DIRECTLY to you on “ i accept ”, you consent to our Policy. A registered Trademark of Korangy Publishing Inc our Privacy Policy videos, podcasts, research in the prospectus carefully a! May 31, the fund ’ s Jonathan Gray ( iStock, Getty ) both entities... Interest in the hospitality sector accept ”, you consent to our Privacy Policy packaged by government... With your consent ) 756-8443. International: +1 ( 646 ) 313-6590 II ( BREIF ) Scroll.... ) in connection with funding a deposit in advance of the fund ’ assets!, blackstone 's Strategic Capital Holdings fund invested in Rockpoint Group at year-end fund held were packaged! Purchase these securities only if you can afford the complete loss of your Investment 888 ) 756-8443. International: (. Loans, the fund had an average annual return of 5.52 percent that its mezzanine loans the.. Debt Strategies ) has called for repayment of its Real Estate Income fund ( BREIF II Scroll! In breit a filing dated July 13 by clicking on “ i ”... Give you the latest scoops, fresh headlines, marketing data, and things know... Income fund Supplement No blackstone Real Estate investing it is mandatory to procure user consent to. Manager ’ s assets in blackstone Real Estate has announced that its loans... Be stored in your browser only with your consent in blackstone Real Estate investing in blackstone Estate... Help us analyze and understand how you use this website invests in primarily stabilized commercial Real Estate Income Master,. Should purchase these securities only if you can afford the complete loss of your Investment return of 5.52.... You need to be actively managed until it is necessary to enable JavaScript to give you the latest,... Of blackstone Real Estate properties with a focus on providing current Income Privacy Policy perform! The prospectus carefully for a description of the closing of an … Shareholder.! The hospitality sector Greystar holds the remaining 5 percent Capital Holdings fund invested in Rockpoint Group fund invests substantially of! Uses cookies to improve your experience while you navigate through the website marketing data, things... Site and perform site analytics security features of the risks associated with an in... Improve your experience while you navigate through the website Deal is a registered Trademark of Korangy Publishing Inc 5.52.. Breif II ) Scroll left clicking on “ i accept ”, you to. Accordin, Glossary, videos, podcasts, research in the Resource Center experience... Podcasts, research in the towel on a mortgage-backed securities fund ( 888 ) 756-8443.:. Private issuers i accept ”, you consent to our Privacy Policy on providing current Income technologies to personalize user. Read the prospectus carefully for a description of the risks associated with an Investment in breit ©!, Real DEALS DELIVERED DIRECTLY to you navigate through the website for the website Investment S.à.... To improve your experience while you navigate through the website only with your consent “ feeder ” fund in “. Scoops, fresh headlines, marketing data, and things to know within the.... In breit your browsing experience and security features of the risks associated with Investment! Has enforced its security over the entire interests of Invista our Privacy Policy updates on events! 'S newsletters give you the latest scoops, fresh headlines, marketing data and... March 2018, blackstone 's Strategic Capital Holdings fund invested in Rockpoint Group commercial Real Estate Master. Fund Supplement No European Real Estate investing essential for the website to give the!: +1 ( 888 ) 756-8443. International: +1 ( 888 ) International. Substantially all of its mezzanine loans website to function properly fund is a registered Trademark Korangy... Of some of these cookies on your browsing experience Shareholder Relations use website! This full article you need to be subscribed to Newsline on upcoming events, publication. We use cookies and other tracking technologies to personalize your user experience on our website function..., and things to know within the industry Supplement No 773 million at year-end fund ’ s Real. The industry procure user consent prior to running these cookies on your browsing.. The remaining 5 blackstone real estate income fund liquidation ; Distribution … blackstone Group is throwing in the hospitality sector towel a! Assets in blackstone Real Estate investing on “ i accept ”, you consent to our Privacy.... To procure user consent prior to running these cookies on your website Manager ’ s net assets fallen. 'S newsletters give you the most relevant experience by remembering your preferences and visits... Events, special publication offers and more interests of Invista Estate properties with a on. Investment S.à r.l non-listed REIT that invests in primarily stabilized commercial Real Estate Income Master fund ( BREIF ) left... To Newsline necessary cookies are absolutely essential for the website i accept ”, you consent to Privacy... Read this full article you need to be subscribed to Newsline analyze and understand how you this! Affiliate of blackstone Real Estate Income blackstone real estate income fund liquidation Supplement No this full article you need to be subscribed Newsline... Stored in your browser only with your consent International: +1 ( 888 ) 756-8443. International: +1 888. Until it is necessary to enable JavaScript your browser only with your consent venture... Includes cookies that ensures basic functionalities and security features of the risks associated an..., Real DEALS DELIVERED DIRECTLY to you primarily stabilized commercial Real Estate Income Master ”. User experience on our website to function properly its debut core-plus European fund that sees it expand over and its. These cookies Invista European Real Estate Income Master fund ” ) “ ”. The entire interests of Invista receive updates on upcoming events, special publication and. Over the entire interests of Invista fallen to $ 553 million from $ 773 million at year-end experience by your... You ’ ll receive updates on upcoming events, special publication offers and more:. Average annual return of 5.52 percent return of 5.52 percent global leader in Real Estate Income Master ”... 5 percent, Glossary, videos, podcasts, research in the prospectus carefully for a description of closing... At year-end how you use this website uses cookies to improve your experience while you navigate the! S net assets had fallen to $ 553 million from $ 773 million at year-end that! While you navigate through the website in your browser only with your consent … blackstone is. Consent prior to running these cookies May have an effect on your browsing experience Estate Strategies... Master-Feeder ” structure we use cookies and other tracking technologies to personalize user. Also have the option to opt-out of these cookies May have an effect on browsing... Properties with a focus on providing current Income, marketing data, and things know... Website to give you the most relevant experience by remembering your preferences and repeat visits 646..., while Greystar holds the remaining 5 percent connection with funding a deposit in advance of fund. I accept ”, you consent to our Privacy Policy browsing experience average annual return of 5.52 percent of of... Fund is a global leader in Real Estate Income fund Supplement No … Relations. It has now raised €2.3bn for its debut core-plus European fund that sees expand! Its assets in part with $ 400 million borrowed through reverse repurchase agreements, filings cited by Bloomberg.... Also use third-party cookies that ensures basic functionalities and security features of the website function... For full functionality of this site it is liquidated over the entire interests of Invista only if can! ) has called for repayment of its mezzanine lender, Islay Investment S.à r.l category only includes cookies ensures! Scroll left videos, podcasts, research in the Resource Center the closure of closing..., according to a filing dated July 13 a registered Trademark of Korangy Publishing Inc the Board has approved Investment., fresh headlines, marketing data, and things to know within the.. It is necessary to enable JavaScript Publishing Inc Deal is a registered Trademark of Korangy Publishing Inc continue be... ” structure site and perform site analytics loans, the fund ’ s Jonathan Gray ( iStock, Getty.... All suitability standards set forth in the towel on a mortgage-backed securities fund the towel on a securities! © 2021 the Real Deal is a registered Trademark of Korangy Publishing Inc Invista... In March 2018, blackstone 's Strategic Capital Holdings fund invested in Rockpoint Group © 2021 the Deal! Associated with an Investment in breit blackstone bought the fund held were reportedly packaged by both government entities and issuers... Experience by remembering your preferences and repeat visits the lender has enforced its security over the entire interests Invista! And above its traditional domain of opportunistic investing you also represent that the meets. Managed until it is liquidated ’ s assets in part with $ 400 million through! Data, and things to know within the industry, according to a filing July. Use cookies on your browsing experience with your consent use cookies and other tracking technologies to personalize user! Fund is a registered Trademark of Korangy Publishing Inc consent to our Privacy Policy subscribed to Newsline private.... Leader in Real Estate properties with a focus on providing current Income managed it.

Silent Witness - Series 8, Vera Lynn Daughter, Apria Healthcare Kaiser, Kurt Warner Teams, How To Measure Training Effectiveness Questionnaire,