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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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How Michigan couple makes thousands a month from real estate investing
When Jamie McCauley was a junior at Cornerstone University, his parents bought and helped him renovate a foreclosed home near the Grand Rapids, Michigan campus. He lived there and managed the property during college, renting out rooms to seven other Cornerstone students to help pay his tuition. He met his wife, Sarah McCauley, in that house, too. His stint as a young landlord foreshadowed the couple’s now-lucrative real estate ventures: 12 years later, they bring in up to $11,000 per month renting out 11 renovated units in five properties throughout West Michigan, according to documents reviewed by CNBC Make It. Jamie, 33, and Sarah, 32, also flip houses for themselves…
