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”). 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. In March 2018, Blackstone's Strategic Capital Holdings Fund invested in Rockpoint Group. 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 invests substantially all of its assets in Blackstone Real Estate Income Master Fund (the “Master Fund”). Blackstone REIT holds a 95 percent interest in the joint venture, while Greystar holds the remaining 5 percent. 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. New York, NY 10154. 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. Blackstone converted from a publicly traded partnership to a corporation on July 1, 2019. Blackstone Group is throwing in the towel on a mortgage-backed securities fund. US: +1 (888) 756-8443. International: +1 (646) 313-6590. BLACKSTONE REAL ESTATE INCOME FUND Supplement No. 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 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. Necessary cookies are absolutely essential for the website to function properly. The Board has approved the Investment This investment involves a high degree of risk. The securities the fund held were reportedly packaged by both government entities and private issuers. 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. 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. Sign up to receive emails from IREI. “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. This category only includes cookies that ensures basic functionalities and security features of the website. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. Bluerock Total Income+ Real Estate Fund (“TI+” or “Fund”) is a public fund utilizing a multi-manager, multi-strategy, and multi-sector approach. We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. 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. BLACKSTONE REAL ESTATE INCOME FUND . Blackstone is planning a liquidation of its Real Estate Income Master Fund, according to a filing dated July 13. (an affiliate of Blackstone Real Estate Debt Strategies) has called for repayment of its mezzanine loans. As Invista is unable to repay the loans, the lender has enforced its security over the entire interests of Invista. The company later registered a $12 billion follow-on offering, and as of March 20, 2020, had received $7.1 billion in investor proceeds. In a filing, Blackstone said closing the fund would provide its shareholders with cash and the “best path to maximize portfolio recovery.”. Blackstone is planning a liquidation of its Real Estate Income Master Fund, according to a filing dated July 13. Please Allow Javascript and reload this page. By clicking on “I accept”, you consent to our Privacy Policy. 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. These risks … These cookies do not store any personal information. Blackstone Real Estate Income Trust Completes Acquisition Of Bellagio Real Estate From MGM Resorts International For $4.25 Billion In … For full functionality of this site it is necessary to enable JavaScript. BREIT is a non-listed REIT that invests in primarily stabilized commercial real estate properties with a focus on providing current income. To read this full article you need to be subscribed to Newsline. Blackstone Real Estate Income Fund II (BREIF II) Scroll left. 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. Manufactured home real estate investment trust Sun Communities Inc. reportedly was among the bidders for the portfolio, which is being sold by Summit Communities. The Board has approved the Investment Manager’s Investor Documents; Distribution … 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. 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”). These cookies will be stored in your browser only with your consent. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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 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. Accordin, Glossary, videos, podcasts, research in the Resource Center. (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. Unternehmensprofil. We are having some technical difficulties. 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. Address Blackstone Group is throwing in the towel on a mortgage-backed securities fund. Indebtedness incurred (i) in connection with funding a deposit in advance of the closing of an … 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. You’ll receive updates on upcoming events, special Blackstone. Blackstone is a global leader in real estate investing. At the start of the year, the fund had $687 million in commercial mortgage-backed securities, and $227 million in residential mortgage-backed securities. 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. 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”). But opting out of some of these cookies may have an effect on your browsing experience. 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. This website uses cookies to improve your experience while you navigate through the website. Invista European Real Estate has announced that its mezzanine lender, Islay Investment S.à r.l. 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 … The closure of the fund comes as CMBS delinquencies soar, particularly in the hospitality sector. READ MORE. It is mandatory to procure user consent prior to running these cookies on your website. Order Now. Javascript is disabled in your web browser. We also use third-party cookies that help us analyze and understand how you use this website. The enforcement has followed a … Feeder Fund I, Blackstone Real Estate Income Fund II (“Feeder Fund II”) and the Consolidated Master Fund are collectively referred to as the “Funds… All rights reserved © 2021 The Real Deal is a registered Trademark of Korangy Publishing Inc. You also have the option to opt-out of these cookies. You should read the prospectus carefully for a description of the risks associated with an investment in BREIT. publication offers and more. The Fund allows individuals to invest in private, institutional real estate securities alongside some of the nation’s largest endowment and pension plans. Try again later. By clicking Subscribe you agree to our Privacy Policy. Investor Documents ; Distribution … Blackstone bought the fund’s assets in part with $400 million borrowed through reverse repurchase agreements, filings cited by Bloomberg show. The Fund is a “feeder” fund in a “master-feeder” structure. Why Real Estate with Blackstone. “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 … 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. You should purchase these securities only if you can afford the complete loss of your investment. Automaker lets 30K workers stay home post-pandemic. 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 … 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 345 Park Avenue. Shareholder Relations. 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. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types including, multifamily, industrial, hotel, retail and office. REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. Blackstone Real Estate Income Fund (BREIF) Scroll left. The fund will continue to be actively managed until it is liquidated. 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 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. [Bloomberg] — Erin Hudson. BlackstoneShareholderRelations@Blackstone.com. 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 In the past five years, the fund had an average annual return of 5.52 percent. The company is winding down the Blackstone Real Estate Income Master Fund… 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? 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. 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. 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. The Fund . You also represent that the investor meets all suitability standards set forth in the prospectus. Blackstone’s Jonathan Gray (iStock, Getty). By May 31, the fund’s net assets had fallen to $553 million from $773 million at year-end. 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. 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 . Liquidation of its Real Estate Debt Strategies ) has called for repayment of its assets in Real! Headlines, marketing data, and things to know within the industry properly! Other tracking technologies to personalize your user experience on our site and perform site analytics Real NEWS, Real DELIVERED... 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