How many properties did Blackstone Real Estate Income Trust acquire in the first quarter of 2020, and how does that compare to the rest of the nontraded REIT industry?
Answer: Blackstone acquired 104 properties in the first quarter for a total purchase price of approximately $2.7 billion. This accounts for 52% of the industry’s total purchases of $5.2 billion. Starwood Real Estate Income Trust purchased 21 properties for $1.5 billion.
