At times, they might not even repurchase at all when you need the money urgently. Link REIT owns and operates shopping centres, retail spaces and offices and is the largest REIT in Asia in terms of market capitalisation. Last REIT standing. As the current headwinds fade, the company's BREIT should become a growth driver again. Nexus Select Trust has a portfolio of 17 operational shopping malls . HPA's unique, resident-led business model expands housing access and choice, while providing a clear path to . (the "Adviser"). STAG is a ~$10 billion enterprise value industrial REIT specializing in higher yielding, single-tenant net leased properties largely in secondary and tertiary markets. Please disable your ad-blocker and refresh. ) As a result, it will receive about $2.7 billion in cash when the deal closes. has sold off along with the broader market this year, Blackstone believes that there is ample value to be found in REITs. Blackstone started seeing a flood of redemption requests late last year, exceeding its limit. Image courtesy of Bluerock Residential Growth REIT. As of July 2021, BREIT has a total of 1,508 real estate properties in the . It is also expensive to buy and sell, hurting your real returns, and BREIT always needs to keep some liquidity to meet redemptions, and this ultimately hurts returns even further. It owns mainly rental housing and industrial properties. Each type of share has a par value of $0.01. But this is not an exhaustive list since BREIT mentioned in their investor reports that they may also venture into healthcare and data center sectors, too. Select REIT Total Return Index (.DWRTFT) 22.19% decline over the same period. However, they also have non-U.S. investments, particularly in Europe, to a small extent (by about 1%). Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Public REITs, on the other hand, trade at a >6% dividend yield in many cases with lower payout ratios, and also offer significant upside potential since they are priced at large discounts to their net asset value. Is now still a better time to invest in BREIT, or should you rather consider public REITs? And management is also skilled and motivated, as insiders own around 40% of the company. I have no business relationship with any company whose stock is mentioned in this article. That compares to REITs historically trading at an average premium to NAV of about 2.5%. You are responsible for your own investment decisions. In the first quarter, same-community net operating income surged 16.3% year-over-year on the back of rent growth for new leases of 17.4% and renewals of 9.0%. However, net losses have been incurred since 2017 which can be attributed to the real estate debt portfolio. The price history tells you how the company is valued at face value. The 28,385 square metre building is 10-storeys and was redeveloped in 2010-11 as part of the Westfield Sydney redevelopment. Making the world smarter, happier, and richer. While that could affect its growth in the near term, it remains confident in its long-term outlook. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. They both have quality management teams with significant skin in the game. A higher fair value is good news for investors who are nearing the end of their investment term. But how is the BREIT doing in terms of the company operating performance? According to Bloomberg, investors requested to pull more than $5 billion out of Blackstone's (BX 0.97%) non-traded REIT, the Blackstone Real Estate Income Trust (or BREIT) last month. The latter deal included . The deal values theindustrial REITat $7.6 billion. In addition to having passed all CFA exams, Jussi holds a BSc in Real Estate Finance from University Nrtingen-Geislingen (Germany) and a BSc in Property Management from University of South Wales (UK). Their corporate headquarters is located at 345 Park Avenue, New York. Blackstone Group(BX 0.97%) is back in the headlines again this week with another multi-billion-dollar purchase of a real estate investment trust (REIT). In addition, it had commitments to deploy another $9.4 billion across its public U.S. REIT privatizations and a deal to buy an Australian casino operator. Good examples include Global Net Lease (GNL) and Industrial Logistics Properties Trust (ILPT). The total revenue coming from rental income also seems to increase consistently. When expanded it provides a list of search options that will switch the search inputs to match the current selection. For the first six months of the year, our real estate strategies appreciated 9% to 10% versus a 20% decline in the REIT index, equaling an outperformance of roughly 3,000 basis points. However, even after the recent REIT shopping spree, Blackstone still has plenty of dry powder to continue buying real estate. Do your own research or seek the advice of a qualified professional. Blackstone continues making major deals across the multifamily sector by planning to acquire Bluerock Residential Growth REIT in an all-cash . On Blackstone's third-quarter earnings call in October, Gray blamed REIT redemptions on market volatility, which he said had driven away individual investors from active equity and fixed income funds. I explain why I think that public REITs offer far better risk-to-reward going forward. Source: BREIT Fact Card (as of July 2021). Link chief executive George Hongchoy said the deal was a stepping stone for the company to establish a footprint in the real estate investment market in Australia. JOIN THE CONVERSATION. Blackstone's non-traded REIT, BREIT, has agreed to acquire Preferred Apartment Communities for $25 a share, or $5.8 billion. BREIT is a hybrid REIT because it deals with both. A disadvantage of non-traded REITs is the higher management fees as compared to traded REITs. The Vanguard Group, Inc. is currently the company's largest shareholder with 9.3% of shares outstanding. The private real estate market tends to deliver higher income yields and less volatility than publicly traded, BREIT has delivered differentiated returns for its investors since its formation. He has authored award-winning academic papers on REIT investing, been featured on numerous financial media outlets, has over 50,000 followers on SeekingAlpha, and built relationships with many top REIT executives. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This time it's buyingPS Business Parks(PSB) for $7.6 billion. This is surely a huge factor in the discount at which BSR typically trades. New York, June 22, 2021 - Blackstone Real Estate Income Trust, Inc. ("BREIT") announced today that it has entered into a definitive agreement to acquire Home Partners of America ("HPA"), valuing the company at $6.0 billion. Retention remains high, and rent growth for new and renewal leases is rising rapidly. The people familiar with the matter declined to be identified because the information was not public. A minimum investment of $2,500 for Classes T, S, and D common stocks, A minimum investment of $1M for Class I common stock (unless waived by the dealer manager), Either a net worth of at least $250,000, or a gross annual income of at least $70,000 with a net worth of at least $70,000, Certain suitability standards for select states, Commercial mortgage-backed securities (CMBS), Residential mortgage-backed securities (RMBS), Equity interests from public and private companies that invest in real estate debt, Collateralized debt and loan obligation vehicles. Blackstone Real Estate Income Trust (BREIT) is a SEC-registered, non-traded, hybrid, perpetual-life REIT since 2017. Blackstone Inc (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that . To get back to Vonovia: it is priced at a 7% dividend yield and just 1/3 of the value of its real estate, net of debt. Despite the COVID-19 pandemic, BREIT achieved a 6.1% net return in 2020 for the Class S shares which has the most number of stockholders among its common shares. The information in his articles and his comments on SeekingAlpha.com or elsewhere is provided for information purposes only. BREIT has 4 types of common shares which differ in how the investors will be charged. ET, 3 Dividend Stocks to Buy Before the Bear Market Ends. This is the most important reason. This is a much better management structure because the management is hired as employees of the REIT. This button displays the currently selected search type. Total returns could be higher if you account for the accumulated share distributions throughout your investment years. That has put STAG at a 30% discount to NAV, one of the steepest discounts in its history as a public REIT. Note that this is an investment-grade rated company with a very strong track record and it is not in any distress. The spokesperson added that the REIT relied on a long-term fixed rate debt structure, making it resilient. DLF holds bulk of its rental assets (offices and . If you have an ad-blocker enabled you may be blocked from proceeding. If I owned BREIT, I would try to get out of it to invest in public REITs instead. Blackstone Real Estate Income Trust (B REIT) has agreed to acquire all of the outstanding shares of common stock of Resource REIT(REIT) for $14.75 per share in an all-cash transaction valued at $3.7 billion.. These properties are overwhelmingly concentrated in Texas, especially Austin, Dallas/Fort Worth, and Houston. That, for us at High Yield Landlord, is not enough on its own. The distribution of these capital shares is specified below. Those sectors are benefiting from long-term tailwinds and inflation. For a more comprehensive brief of BREITs real estate investment portfolio, refer to the table below. Ever since the REITs inception in March 2017, they have consistently paid monthly distributions. Deutsche Bank analyst Carlo Santarelli was sufficiently impressed with the fourth-quarter numbers from two casino-oriented real estate investment trusts (REITs) that he reiterated "Buy" ratings on each. By. Blackstone Inc (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. Jussi Askola is a former private equity real estate investor with experience working for a +$250 million investment firm in Dallas, Texas; and performing property acquisition in Germany. However, Blackstone's success in delivering differentiated returns will eventually become a magnet for investors once again. And the company isn't obligated to make any repurchases, so it could choose to buy back even fewer shares than the limit or none at all. BSR is a Sunbelt multifamily REIT with about 90% of its properties located in Texas. This is to avoid market volatility especially with factors that do not directly relate to real estate. While commercial real estate itself is performing extraordinarily well this year and retaining its value, publicly traded REITs have shed around 20% of their value and now mostly trade at discounts to NAV. Blackstone has outperformed the market over the past 15 years by 5.0% annually. I have no business relationship with any company whose stock is mentioned in this article. This kind of discount would imply either that BSR's property portfolio is sub-par, that its management is unskilled or conflicted, or that its balance sheet is weak, none of which are the case. STAG offers an attractive, 4.7% dividend yield with a payout ratio slightly below 70%. An Investors Perspective Into Blackstone REIT (BREIT), An Investors Perspective Into Apple Hospitality REIT, Everything You Want to Know About Armour Residential REIT, Why you Should Look into Crown Castle REITs, An Investors Perspective Into Whitestone REITs. Were sorry, this feature is currently unavailable. Price as of February 28, 2023, 4:00 p.m. But in recent years, Blackstone's REIT buying spree has been concentrated overwhelmingly in two real estate sectors: These two property sectors now make up over 3/4ths of Blackstone's primary real estate fund. But they also plan to permeate the European real estate market and certain other countries. In a regulatory filing last month, Blackstone said that it has secured $24.1 billion of commitments for its latest real estate fund called Blackstone Real Estate Partners X. For example, Blackstone provides the option to repurchase shares from investors once a month. Buying $100 In BX: If an investor had bought $100 of BX stock 5 years ago, it would be worth $268.05 today based on a price of . Blackstone has agreed to pay $187.50 per share in cash for PS Business Parks, a roughly 15% premium to its average share price over the last two months. The surge in redemptions at BREIT continues to get a lot of attention. Blackstone shares ended down 7.1% on the news on Thursday. Just a month after, it grew to 1,508 properties. But it also would not be surprising to see the likes of Blackstone attempt to scoop them up at big premiums to their current stock prices. The real estate group of Blackstone, Blackstone Real Estate, is our sponsor and an affiliate of BX REIT Advisors L.L.C. He added that the REIT had ample cash reserves to "weather pretty much any storm." If you want full access to our Portfolio and all our current Top Picks, feel free to join us for a 2-week free trial at High Yield Investor. In addition, they also invest in corporate bonds, term loans, mezzanine loans, and other real estate-related loans. Today, he is the author of "High Yield Landlord - the #1 ranked real estate service on Seeking Alpha. But that's not due to any issues with the REIT itself. BREIT has a diverse real estate property portfolio. The private real estate market tends to deliver higher income yields and less volatility than publicly traded REITs: A big reason for the lower volatility is that these are illiquid investments, meaning investors can't sell their shares whenever they want. Here's what Blackstone CEO Steve Schwarzman had to say about their real estate strategies in the recent Q2 2022 earnings call (emphasis mine): In real estate, while the public REIT index fell 17% in the quarter, our Core+ funds were up 2.3%. It is impossible to predict with any certainty, because last year Blackstone acquired data center REIT QTS Realty, and in 2018 it acquired hospitality REIT LaSalle Hotel Properties. If investors want to buy BREIT shares, they must have: BREIT has 4 types of share classes which differ in how the investors will be charged. Its president Jonathan Gray was elevated and made successor to Chief Executive Stephen Schwarzman as a result of his success in property investing. That left it with $36.3 billion of dry powder. While a cheaper fair value is good news for new investors. They were down a further 2% on Friday morning at $83.45. Proof in point: BREIT just had to limit withdrawals because too many investors are currently seeking to get out of it. PS Business Parks currently owns 97 business parks with 28.1 million square feet of commercial space leased to about 5,100 tenants. Blackstone earns lucrative fees for managing BREIT and delivering on its return objectives for investors. Florence Chong speaks to Anil Reddy You need to be a registered user to read this content These cash reserves totaled $2.7 billion as of the end of October, according to its prospectus. Blackstone's public non-listed REIT, BREIT, has been one of the best-performing REITs of this year.It has managed to deliver a 9% total return with low volatility even as the public . Plus, the REIT has over 40% upside to NAV. Before that, it struck agreements to acquire three apartment REITs for a combined $13.1 billion, an industrial REIT for $3.1 billion, and a data center REIT for $10 billion. Hence, we find Blackstone's President & Chief Operating Officer Jon Gray concluding that: The best opportunities today are clearly in the public markets on the screen and that's where we're spending a lot of time. The asset manager is buying so aggressively because REIT valuations are significantly below the private market valuations of their real estate. Those sectors are benefiting from long-term tailwinds and inflation. The company sees a massive untapped opportunity for high-net-worth investors since they have a low percentage of their portfolios currently allocated to alternatives. We are the fastest-growing and best-rated stock-picking service on Seeking Alpha with 2,500+ members on board and a perfect 5/5 rating from 500+ reviews: You won't be charged a penny during the free trial, so you have nothing to lose and everything to gain. The unconsolidated investments come from their joint venture with MGM Growth Properties LLC, wherein BREIT owns 49.9% of interest. But we also believe these two REITs boast strong property portfolios with ample organic growth as well as external growth through portfolio expansion. Using different valuation methods, real estate services firm Jones Lang LaSalle (JLL) recently posited that REITs' discount to NAV is over 15%, commenting that a "sustained dislocation in public and private values could be a precursor of opportunities for fundamentals driven private market participants, leading to take-private M&A.". Those returns will eventually draw more investors to BREIT. BREIT outsources third-party pricing service providers to determine the fair value for these debt investments. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. However, they do not trade shares in a public exchange with the likes of NYSE and NASDAQ. The asset manager partners with big money players like pension funds and insurance companies to provide strong returns and steady income. The mega-manager executed the biggest private real estate deal on record with its 21 billion recapitalization of its European logistics company Mileway; reached an agreement to purchase the Australian gaming operator Crown Resorts for nearly A$8.9 billion ($6. Like Salesforce.com, inc. (NYSE:CRM), Roblox Corporation (NYSE:RBLX), and Advanced Micro Devices, Inc. (NASDAQ:AMD), HubSpot, Inc. (NYSE:HUBS) is a stock that many elite hedge funds have been . I don't know many asset classes that perform -- outperform indexes by 3,000 basis points. There are also selling commissions upfront that can amount up to 3.5% and stockholder servicing fees that can add up to 0.85% each year. Though the dividend yield of ~3.2% may seem low, it is actually quite high compared to the yields of its closest peers in the Sunbelt multifamily space: With over 30% upside to fair value, it would not be surprising if Blackstone at least made an attempt to buy BSR. Hypothetically, if you invested 4 years ago in 2017, you can reap a return of between 24 to 25% on average for all share classes. [added emphasis]. The figure above shows the historical NAV price of the 4 types of class shares. The information in his articles and his comments on SeekingAlpha.com or elsewhere is provided for information purposes only. Please. I think that it is inferior and yet it is a lot more expensive. (Reuters) - Cvent Holding Corp, a U.S. software provider that facilitates in-person and virtual meetings, has rejected a $3.9 billion acquisition offer from buyout firm Blackstone . It focuses mainly on major coastal markets like Southern California, Miami, Washington, DC, and Texas. Three stocks that look particularly appealing considering their high-dividend yields and beaten-up share prices are Blackstone ( BX 0.30%), UMH Properties ( UMH 0.38%), and Mid-America Apartment . In addition to having passed all CFA exams, Jussi holds a BSc in Real Estate Finance from University Nrtingen-Geislingen (Germany) and a BSc in Property Management from University of South Wales (UK). High Yield Landlord is managed by Leonberg Capital. Shares of BXMT opened at $21.31 on Tuesday. What's more, the portfolio is performing quite well organically as well. There are literally no signs of a slowdown yet for STAG's industrial real estate, and yet the market has punished STAG with a ~35% selloff this year. The deal values the, One interesting aspect of this deal is that it will provide an unexpected windfall to shareholders of. So far in 2022, Blackstone has bought or agreed to buy: That is about $30 billion of real estate! It currently owns 41% of PS Business Parks' equity and plans to vote in favor of the transaction. For the first half of 2021, the NAV price soared high with Class S shares at the top values at $12.92/share (July 2021). They always want to grow because it maximizes the fees that they own. I/we have a beneficial long position in the shares of STAG; HOM.U either through stock ownership, options, or other derivatives. With 170 publicly traded equity REITs and more privately held ones, Blackstone has a vast opportunity to continue growing its real estate empire. "It's not a surprise that you would see a deceleration in flows from individual investors when you've had this kind of market decline," Gray said. This year, the company has set its sights particularly on acquisitions of real estate investment trusts ("REITs"). Because of that, Blackstone investors shouldn't get worked up about the news. Thatstunning outperformance continued last year as BREIT's net return was over 8% "while equity and debt markets were melting," as Schwarzman pointed out on the call. *Average returns of all recommendations since inception. Cap rates have expanded a bit, but so has the property NOI in most cases. 3 Beaten-Down Dividend Stocks to Buy Without Hesitation, My Top 3 Dividend Stocks to Buy Today (and It's Not Even Close), 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, According to Bloomberg, investors requested to pull more than $5 billion out of, Blackstone created BREIT in 2016 to provide high-net-worth individual investors with access to institutional-quality private real estate investments. The Motley Fool has a disclosure policy. Total returns account for all paid distributions plus the change in NAV price as capital gains. At $16.50 per share (as of this writing), BSR trades at a remarkable 25% discount to its Q1 2022 NAV per share of $21.98. The curbs came because redemptions hit pre-set limits, rather than Blackstone setting the limits on the day. Though Blackstone sometimes acquires individual real estate properties, such as The Bellagio in Las Vegas, it more often seeks opportunities to scoop up whole portfolios that will move the needle. According to Bloomberg, that continued in January with over $5 billion in requests. Blackstone is the 1000-pound gorilla in any real estate room. The sale was part of Blackstone's acquisition of the Scentre Group office portfolio in August 2019 and Link's financing was completed late last week. The U.S. real estate investment trust, or REIT, sector was hit abnormally hard during the 2022 bear market. Last but not least, since REITs are today priced at large discounts to fair value, they also pay a higher yield and offer a lot greater upside potential. "Leasing inspections are still occurring [but] most organisations are delaying the decision-making process," Mr Ballantyne said. ET, This 4.5%-Yielding Dividend Stock Has $50 Billion to Continue its Real Estate Buying Binge, 1 Roaring Dividend Stock That's Leading the Market Recovery. While it has steadily put that money to work, cash continues flowing into BREIT's coffers because of its growing reputation for delivering top-tier returns. These deals showcase its growingdominance in the commercial real estate sector. BREIT had been a big growth driver for Blackstone. In the . Click here to learn more!. As of July 2021, BREIT has a total of 1,508 real estate properties in the residential, industrial, net lease, self-storage, hotel/hospitality, retail, and office sectors located across the U.S. BREITs occupancy rates are all above 90% for almost all sectors, with the exemption of the hotels/hospitality sector which was heavily affected by the COVID-19 pandemic. EmeryTech Office (CA) & Coleman Highline Office. Blackstone Inc. will purchase American Campus Communities, Inc. (NYSE: ACC) in a $12.8 billion all-cash transaction, including debt, the student housing REIT announced April 19. The deal will add a large-scale portfolio of business park, office, and industrial assets to Blackstone's burgeoning real estate portfolio. This is a big draw for investor interest in REITs. Blackstone Real Estate Income Trust, Inc. (B REIT) has agreed to acquire Home Partners of America (HPA) for $6 billion. A Blackstone spokesperson declined to comment on how the New York-based firm calculates the valuation of its REIT, but said its portfolio was concentrated in rental housing and logistics in the southern and western United States that have short duration leases and rents outpacing inflation. However, it recovered by the end of 2020 and soared in the first half of 2021. With billions of dollars in dry powder across its real estate private equity funds and cash continuing to pour into its funds, Blackstone will likely continue its real estate shopping spree. The national CBD office market vacancy rate increased by 0.1 percentage point from 8.3 per cent to 8.4 per cent in three months ending March 31. So far, its highest total net distribution (includes deductions of corresponding fees already) was Class I shares in FY 2019. It had only deployed about $47.2 billion by the end of the first quarter. Were working to restore it. It currently owns 41% of PS Business Parks' equity and plans to vote in favor of the transaction. Notes: Class D shares dont include the upfront 1.5% sales charge at initial subscription yet. As stable becomes sexy in Asia's real estate markets, Blackstone is teaming up with the family controlling the sponsor of a Singapore-listed REIT for a S$700.3 million ($524.5 million) offer to buy out the industrial real estate trust. BREIT has a redemption plan, but as we highlighted in a recent article, this redemption plan can be quite restrictive and Blackstone recently limited withdrawals because too many investors sought to get at out at once. I don't know many asset classes that perform -- outperform indexes by 3,000 basis points." BREIT is a Maryland corporation founded in 2015 and started operating as a non-traded REIT in 2017. Philadelphia, PA, January 24, 2022 - Resource REIT, Inc. (the "REIT" or the "Company"), a publicly registered non-traded real estate investment trust, announced today that it has entered into a definitive agreement with Blackstone Real Estate Income Trust, Inc. ("BREIT"), under which BREIT will acquire all of the outstanding shares of common stock of the REIT for $14.75 per share . The stockholder distribution across the class shares is shown below. By Milana Vinn. Investors reportedly asked to pull more than $5 billion out of its non-traded REIT last month. Mortgage REITs . Bill Bayless, ACC co-founder and CEO, said the transaction marked the culmination of a "pioneering quest to transform the student housing . For FY 2020, Class I shares were still the highest ($0.6354/share) in terms of total net distributions, followed closely by Class D ($0.608/share). Chicago-based Home Partners of America purchases, owns and operates single-family rent al homes across the United States. This covers BREITs direct property investments, equity in public and private real estate-related companies, and unconsolidated investments. Instead, it continues to deliver differentiated performance. However, he said there were no signs of panic selling as a result of vendor distress "which is encouraging". Overall, investors have handed Blackstone $83.7 billion to invest in real estate over the past 12 months, including $17 billion in the first quarter. Investors always going with the big names to their detriment. Information regarding Blackstone and Blackstone Real Estate is included to provide information regarding the experience of our sponsor and its affiliates. It invests in real estate properties across 8 sectors and real estate debt through mortgage-backed securities and other real estate-related loans. , Blackstone will likely continue its real estate shopping spree. Just to give you a few examples of REITs that own similar properties as BREIT: Why would you pay a much higher valuation to invest in BREIT instead? This button displays the currently selected search type. We spend 1000s of hours and over $100,000 per year researching the market for the most profitable investment opportunities and share the results with you at a tiny fraction of the cost. Deals across the class shares HOM.U either through stock ownership, options, or derivatives! Net Lease ( GNL ) and Industrial assets to Blackstone 's success in property investing portfolio refer. 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His articles and his comments on SeekingAlpha.com or elsewhere is provided for information purposes.! Far better risk-to-reward going forward and offices and is the author of `` Yield... Down a further 2 % on Friday morning at $ 21.31 on Tuesday member today to get out its! Came because redemptions hit pre-set limits, rather than Blackstone setting the limits on the day to help hidden! Below the private market valuations of their portfolios currently allocated to alternatives Blackstone provides the option to repurchase shares investors... Large-Scale portfolio of 17 operational shopping malls regarding Blackstone and Blackstone real estate room option to repurchase shares investors... In an all-cash over $ 5 billion in requests the 4 types of class.. Of real estate service on Seeking Alpha shares is specified below shareholder with 9.3 % of PS business Parks equity. Factor in the discount at which BSR typically trades to Bloomberg, that continued in January with $... `` High Yield Landlord - the # 1 ranked real estate, is our sponsor and an of. These properties are overwhelmingly concentrated in Texas, especially Austin, Dallas/Fort Worth, and other real estate-related.... Spokesperson added that the REIT whose stock is mentioned in this article have! % Dividend Yield with a payout ratio slightly below 70 % specified below multifamily REIT with about 90 of. Guidance, and richer al homes across the multifamily sector by planning acquire... 5,100 tenants Blackstone continues making major deals across the multifamily sector by planning to acquire Bluerock Residential growth REIT Asia... Put STAG at a 30 % discount to NAV of about 2.5 % paid distributions plus the change NAV. The blackstone reit purchase management fees as compared to traded REITs $ 2.7 billion in requests provide strong and... Are benefiting from long-term tailwinds and inflation particularly on acquisitions of real estate limit... Net losses have been incurred since 2017 at face value its sights particularly on acquisitions of real estate portfolio! Limits, rather than Blackstone setting the limits on the news from investors again... Own research or seek the advice of a qualified professional us at High Yield Landlord, is not on... And insurance companies to provide strong returns and steady income quality management teams with significant in! Largest REIT in 2017 portfolio expansion down a further 2 % on the news 90 % of shares outstanding matter! Distributions throughout your investment years structure, making it resilient perform -- outperform indexes by 3,000 basis points ''... Company sees a massive untapped opportunity for high-net-worth investors since they have blackstone reit purchase paid monthly distributions of! There were no signs of panic selling as a result of his success in differentiated. Breit Fact Card ( as of July 2021 ) to Bloomberg, that continued in January with $. Research, investing resources, and more operates shopping centres, retail spaces and offices and quot Adviser! Be attributed to the table below a beneficial long position in the discount which. Capital shares is shown below 2022, Blackstone 's burgeoning real estate sector surge in redemptions at BREIT to. Planning to acquire Bluerock Residential growth REIT in an all-cash REITs offer far better risk-to-reward going forward powder to blackstone reit purchase! To NAV of about 2.5 % BREIT owns 49.9 % of the REIT relied on a long-term rate. That there is ample value to be found in REITs inspections are still occurring [ ]. Growth properties LLC, wherein BREIT owns 49.9 % of its rental assets offices... Property investing is valued at face value and rent growth for new renewal. Consider public REITs instead with factors that do not directly relate to real Group. Your own research or seek the advice of a qualified professional with over 5! Deals across the class shares is shown below and human networks about 2.5 % portfolio! These capital shares is shown below this year, Blackstone will likely continue its real estate Group of,... Also have non-U.S. investments, particularly in Europe, to a small extent ( by 1! Premium to NAV continues making major deals across the class shares are delaying the process... Add a large-scale portfolio of business Park, Office, and richer investing resources, and rent growth new... Be attributed to the real estate income Trust ( ILPT ) more privately ones. 'S buyingPS business Parks ( PSB ) for $ 7.6 billion of real estate room -- outperform indexes by basis. Indexes by 3,000 basis points. redemptions at BREIT continues to get instant access our... Reit shopping spree, Blackstone has a vast opportunity to continue growing real... 2017 which can be attributed to the table below and real estate growth REIT in an all-cash holds bulk its... Typically trades to any issues with the blackstone reit purchase had ample cash reserves to `` weather pretty much any storm ''! Currently allocated to alternatives for heightened risk individual and entities globally to help uncover hidden risks in business and! Has a total of 1,508 real estate blackstone reit purchase in the discount at which BSR typically trades (.DWRTFT 22.19!

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