• Blackstone’s real estate vehicle a test of hot retail investing trend
    Real Estate

    Blackstone’s real estate vehicle a test of hot retail investing trend

    Illustration: Aïda Amer/Axios A turbulent marketplace has highlighted just how difficult it is to present retail traders access to illiquid investments like authentic estate and other non-public property. Why it matters: Raising funds from the “mass affluent” has turn out to be the future major growth spot for personal equity (PE) corporations that historically tapped establishments and the uber-rich. Driving the news: In latest months, a spate of redemption requests by buyers in the Blackstone True Estate Cash flow Trust (BREIT) is proving to be one thing of a exam for the fairly new “semi-liquid” fund composition created for person investors. Notably, it is really a legacy-PE-design institutional financial investment…

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  • University of California invests $4bn in Blackstone’s real estate fund
    Real Estate

    University of California invests $4bn in Blackstone’s real estate fund

    A person of the largest endowments in the US is producing a $4bn expenditure into Blackstone’s flagship private true estate investment decision have faith in, in a transfer meant to shore up assurance in a $69bn fund that set boundaries on trader withdrawals very last 12 months right after struggling large redemptions. The College of California’s endowment, which manages extra than $150bn of belongings, reported on Tuesday it would make the financial investment in the Blackstone Authentic Estate Profits Have faith in, or Breit, at its latest net asset worth. That usually means it is getting a massive situation at the similar valuation as the fund’s extra than 200,000 present…

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  • Realty Income to Acquire Properties from CIM Real Estate Finance Trust, Inc. for $894 Million, 7.1% Cash Cap Rate
    Real Estate

    Realty Income to Acquire Properties from CIM Real Estate Finance Trust, Inc. for $894 Million, 7.1% Cash Cap Rate

    SAN DIEGO, Dec. 30, 2022 /PRNewswire/ — Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that it has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust, Inc. (CMFT), a non-listed REIT which is sponsored by an affiliate of CIM Group, for approximately $894 million in cash. The portfolio composition may vary based upon the completion of our due diligence and the potential exercise of rights of first refusal related to certain properties. The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions, approvals and completion…

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  • Challenges to persist in Triangle real estate market in 2023
    Real Estate

    Challenges to persist in Triangle real estate market in 2023

    Editor’s Be aware: Every Friday, WRAL TechWire usually takes a deep dive into the Triangle’s serious estate marketplaces.  In latest months, we’ve included how to win in the Triangle authentic estate marketplace as a consumer and how sellers can prepare a home for sale in purchase to get top rated-dollar gives.  Both equally of those articles may well be of desire, provided that many Triangle serious estate agents informed WRAL TechWire this 7 days that the start out of 2023 is established to be far more difficult than the commencing of 2023.    +++ RALEIGH – Navigating the Triangle real estate industry will be harder at the commencing of 2023…

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  • Real estate in 2023: Best, worst locations to move to in the new year
    Real Estate

    Real estate in 2023: Best, worst locations to move to in the new year

    UBS U.S. homebuilders and setting up merchandise analyst John Lovallo discusses irrespective of whether housing has entered a economic downturn soon after house search action on Google plunged in November on ‘Varney & Co.’ El Paso, Texas, and Detroit may be the most economical marketplaces to move to in 2023, but that does not make them the ideal financial commitment, in accordance to Redfin main economist Daryl Fairweather.  Uncertainty bordering the financial state — coupled with higher house loan prices, which are nevertheless hovering higher than 6% — has pushed several would-be homebuyers out of the market. Redfin knowledge demonstrates that property revenue in November were down 35% year-about-12 months. …

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  • Former ‘Million Dollar Listing Miami’ star reveals the ‘game changer’ in real estate heading into 2023
    Real Estate

    Former ‘Million Dollar Listing Miami’ star reveals the ‘game changer’ in real estate heading into 2023

    DeBianchi Serious Estate’s Sam DeBianchi discusses home loan costs and shares her outlook for the housing current market into up coming 12 months. True estate has proved to be a “tricky” marketplace to navigate, but 1 sector professional argues home finance loan premiums trending downward at the close of 2022 will be the “activity changer” heading into 2023.  “Just one matter that I genuinely will say that’s the video game changer in real estate are mortgage premiums,” DeBianchi Actual Estate’s Sam DeBianchi, who starred on Million Greenback Listing Miami’s only season, stated on “Mornings with Maria” Tuesday. “The increased these rates are, the extra individuals want in a dwelling. So…

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