The Blackstone pool, which in July agreed to take a stake in buyout firm Leonard Green & Partners, has acquired a passive, minority stake in Boston-based Rockpoint.
According to the ratings agencies, the gap between their estimated cap rates on conduit loans and those being underwritten by the market is growing.
The strategy of kicking the can down the road may be putting the program in jeopardy.
Documents filed in Tokyo show that the buyer was operating on behalf of a subsidiary of Nippon Telegraph & Telephone Corp. , of which the Japanese government owns at least a third.
NREI chatted with Craig Cecilio, of DiversyFund Inc., about the intersection of HNW real estate investors and online investment platforms.
The deal expands Blackstone REIT’s portfolio to $7 billion in gross assets, including 33 million square feet of industrial space and 17,200 multifamily apartments.
Consumer discretionary companies are the biggest bet of funds that repackage leveraged loans.
NREI spoke with several seniors housing and financial experts to learn some of their picks for the top regions around the country for seniors housing development.
Sands, the world’s largest casino operator, sold the property to Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama.