{"id":14035,"date":"2017-05-24T08:21:30","date_gmt":"2017-05-24T12:21:30","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=14035"},"modified":"2023-11-17T16:42:42","modified_gmt":"2023-11-17T21:42:42","slug":"blackstone-amasses-755-million-for-up-and-coming-reit","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/blackstone-amasses-755-million-for-up-and-coming-reit\/","title":{"rendered":"Blackstone Amasses $755 Million for Up-and-Coming REIT"},"content":{"rendered":"<p>by&nbsp;<span class=\"entry-author-name\"><a class=\"entry-author-link\" href=\"http:\/\/seniorhousingnews.com\/author\/tregan\/\" target=\"_blank\" rel=\"author noopener\">Tim Regan<\/a>&nbsp;| Senior Housing News<\/span><\/p>\n<p>It looks as though the $5 billion non-traded real estate investment trust (REIT) that Blackstone Real Estate <a href=\"http:\/\/seniorhousingnews.com\/2016\/08\/10\/blackstone-creates-5-billion-reit-senior-housing-prospects\/\" target=\"_blank\" rel=\"noopener\">filed for<\/a> last August is coming along nicely.<\/p>\n<p>The new Blackstone REIT is steadily adding to its pile of gold with buy-ins from \u201cmom-and-pop investors,\u201d to use a phrase from a May 23 Wall Street Journal&nbsp;<a href=\"https:\/\/www.wsj.com\/articles\/blackstone-is-taking-over-mom-and-pop-real-estate-investing-1495540800\" target=\"_blank\" rel=\"noopener\">report<\/a>. Last month, the REIT\u2014dubbed<strong>&nbsp;<\/strong>Blackstone Real Estate Income Trust Inc. and externally managed by an affiliate of private equity giant Blackstone Group (NYSE: BX)\u2014reported it had amassed a staggering $755.4 million, which is roughly 41% of all the funds the entire non-traded REIT sector&nbsp;raised this year.<\/p>\n<p>It looks like Blackstone Real Estate Income Trust has not yet acquired any senior living assets, though. As of March 31, 2017, the Blackstone REIT<strong>&nbsp;<\/strong>owned four properties and had four positions in commercial mortgage-backed securities (CMBS),&nbsp;<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1662972\/000119312517168777\/d384961d10q.htm\" target=\"_blank\" rel=\"noopener\">according<\/a>&nbsp;to&nbsp;a recent SEC filing.&nbsp;It also only operated in five reportable segments: multifamily, industrial, hotel, and retail properties, alongside investments in real estate-related securities.<\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat\" style=\"background-color: #33809e; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"http:\/\/bit.ly\/2rZzGZd\">Read Full Article Here<\/a><\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>&#8216;The new Blackstone REIT is steadily adding to its pile of gold with buy-ins from \u201cmom-and-pop investors&#8230;\u201d&#8217;<\/p>\n","protected":false},"author":1824,"featured_media":13164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2710,2739],"tags":[],"class_list":["post-14035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-blackstone","category-nontraded-reit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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