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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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Hot new real estate amenity: The pickleball court
A golf course is so yesterday: The thing to have if you’re building a new luxury real estate development is a pickleball court, Architectural Digest reports. Why it matters: When prominent architects and high-end developers sink their teeth into a consumer lifestyle trend, it’s likely to stick around and attract big dollars. Driving the news: Luxury property developers in the U.S., the Caribbean and Mexico can’t build pickleball courts fast enough, Architectural Digest says. “A decade ago, golf was a key amenity driving residential sales, especially when it came to vacation homes, but, recently, buyers are more attracted to pickleball,” according to Architectural Digest. The big picture: Pickleball is the…
