The Fund’s investment objective is to maximize total return, with an emphasis on current income, while seeking to invest in issuers that are helping to address certain United Nations Sustainable Goals through their products and services.

Blackstone’s $68 billion flagship property fund is selling assets and preparing to spend billions on data centers. The Financial Times reports that the Blackstone Real Estate Income Trust, or Breit, plans to pump $8bn into building new data centers through its asset QTS Data Centers, as it predicts a surge in artificial intelligence workloads...

“The ongoing deployment of 5G networks and continuous increases in mobile data usage are catalyzing both growth and investor appetite in what we believe is a very resilient sector.”

"We’re very excited about our tower business. Not only are we very active on the acquisition front, but our lease-up activities, including 5G upgrades and new tenant additions, have surpassed our initial underwriting expectations helping to bolster overall tower cash flows.”

“We believe that this is an opportune time to explore alternatives to enhance value for Fund I’s investors.”

"We believe our acquisition activity is gaining considerable momentum and that we are developing significant scale as we continue to expand our footprint in the digital infrastructure arena."

“Combining capital from our respective organizations provides greater access to large-scale deal flow.”

“These assets serve as mission critical infrastructure for our tenants, helping them to deliver wireless coverage to a significant customer base in the Oklahoma metro region.”

The acquisitions include eighteen cell towers that were purchased for approximately $30.3 million and are located in California, Oklahoma, Kansas, Georgia, Florida, Tennessee, and Connecticut.