{"id":265144,"date":"2023-02-06T19:51:21","date_gmt":"2023-02-07T00:51:21","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=265144"},"modified":"2023-02-06T19:51:21","modified_gmt":"2023-02-07T00:51:21","slug":"blackstones-breit-ready-to-play-offense-with-14-billion","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/blackstones-breit-ready-to-play-offense-with-14-billion\/","title":{"rendered":"Blackstone\u2019s BREIT Ready to \u2018Play Offense\u2019 With $14 Billion"},"content":{"rendered":"
January 31, 2023 | John Gittelsohn | Bloomberg News<\/p>\n
The Blackstone Inc. real estate investment trust that limited investor withdrawals after a surge in redemptions last year said it now has about $14 billion of liquidity and is gearing up to hunt for deals.<\/p>\n
\u201cWe have ample capital to play offense in a world where we think there\u2019s going to be some interesting deployment opportunities,\u201d Nadeem Meghji, Blackstone\u2019s head of Americas real estate, said Tuesday during a stockholders meeting for Blackstone Real Estate Income Trust. <\/p>\n
Blackstone cemented its stature as a powerhouse in the real estate industry with the growth in BREIT in recent years. But the $69 billion trust came under pressure as markets turned last year and more investors wanted out. BREIT still has a backlog of withdrawal requests to address, Meghji said. <\/p>\n