Shareholders asked to redeem $4.5 billion last month from Blackstone Real Estate Income Trust “in a month of tremendous market volatility and broad-based financial stress,” the company said Monday in a letter. BREIT allowed about $666 million to...
Recent surveys indicate a high demand over the next two years from family offices for illiquid assets, including real estate.
Monday’s deal will increase the size of Extra Space’s portfolio by more than 50% by store count.
In uncertain economic environments, institutional and foreign commercial real estate investors often revert to the safety of the biggest American cities.