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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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Real Estate Fund Quietly Purchases Entire Community Of 233 Single-Family Rental Homes In Panama City, Florida
Real estate investment platform Fundrise recently acquired Sunset Village, a community of 233 detached, single-family rental homes in Panama City, Florida. The purchase was made by a joint venture between two Fundrise-sponsored funds: the Flagship Real Estate Fund, which was backed by Goldman Sachs Group Inc. (NYSE: GS) last year with a $300 million credit facility, and the Growth eREIT VII. The joint venture acquired the community for approximately $110.2 million from a developer who completed construction of the homes in February 2022. According to Fundrise, approximately 52% of the homes were occupied at the time of acquisition. The community consists of three-, four- and five-bedroom homes. A portfolio update…
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Fifth Wall closes $500 million climate fund to decarbonize real estate
Fifth Wall, a venture capital firm focused on real estate technology, is tripling down on its bet that climate tech will become an integral driver in the real estate space. It just announced commitments of half a billion dollars to close its inaugural Climate Fund, which launched with $116 million in August of last year. It is the largest private fund formed specifically to decarbonize the real estate industry, according to the firm. Nearly 40% of global carbon dioxide emissions come from real estate, according to the United Nations Environment Programme Finance Initiative. About 70% are produced by building operations, and the rest come from the construction process. Given that…
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Why an Allocation Fund Likes Energy and Real Estate Stocks
In volatile markets, making quick decisions is critical to protect a portfolio’s returns—and, in turn, clients’ money. That is a skill fund manager Adrian Helfert takes pride in. His time as a medic in the first Gulf War in the 1990s helped him learn to make tough calls in his current career and to avoid “analysis paralysis.” “At 18, I was tasked with being the person making good decisions quickly and leading quickly…when things go awry,” he recalls. “That has guided how I operate as an investor now.” Helfert, now 49, manages Westwood Income Opportunity (ticker: WWIAX), a $694 million, four-star-rated Morningstar allocation fund that can invest across stocks and…
