The Dallas-based private equity firm has moved its head of Asia into a new role and is eliminating 25 positions in the region.
The Miami Beach-based private investment firm will be the third private real estate manager to amass double-digit billions for a single property fund.
While the New York-based investment manager has been able to deploy its funds rapidly, other groups have not found the opportunity set they expected.
The oversubscribed vehicle attracted commitments from institutional investors and high-net-worth individuals alike betting on a hospitality comeback.
With the pandemic opening up secondary opportunities, the Los Angeles-based firm went on a performing loan buying spree for its $650m strategy.
Is now the time for private real estate investors to generate returns in retail property and, if so, how should they go about it?
Inflation fears are back but mitigating forces should not be underestimated, says Jose Luis Pellicer, head of investment strategy and research at M&G Real Estate.
The Starwood chairman says New York and other Democrat-controlled areas need a ‘tsunami of change’ if they are to remain attractive to real estate owners.
After announcing plans to privatize its listed real estate platform earlier this year, the firm will now try to raise its biggest private fund ever.
With nearly $8bn raised last quarter, open-end vehicles accounted for 90% of real estate capital inflows for Blackstone – and it sees room for further growth.