Firm
Blackstone’s EQ Office sells Costa Mesa office campus at 10% loss August 1, 2023

Blackstone’s EQ Office sells Costa Mesa office campus at 10% loss

Blackstone has sold an office campus in Costa Mesa for $91.5 million — about 10 percent less than what it assembled it for between 2013 and 2015. MGR Real Estate, run by Michael Rademaker, bought the 553,000-square-foot complex at 3070 and 3100 Bristol Street, according to Orange County property records. The sale came to about $165…
Blackstone NAV REIT Performance Outshines Cash Flow Concerns August 1, 2023

Blackstone NAV REIT Performance Outshines Cash Flow Concerns

Despite indications that Blackstone’s nontraded real estate investment trust (NAV REIT) has struggled to deliver on redemptions, the diversified fund has shown “consistently better” total returns than its peers, proving its post-pandemic staying power, Blue Vault researchers say. As more second-quarter data become available, we’re finding that Blackstone’s Real Estate Income Trust has outperformed or…
Top 5 Advantages of Rule 506(c) July 28, 2023

Top 5 Advantages of Rule 506(c)

Top 5 Advantages of Rule 506(c) July 25, 2023 | Jim Raper | WealthForge When Title II of the Jump Start our Business Startups (JOBS) Act took effect in September 2013, Rule 506 of Regulation D was split into 2 distinct exemptions, 506(b) and 506(c). 506(b) preserved the old Rule 506, but 506(c) changed the…
June 2023 Reported Nontraded REIT Sales Down 11.3% from May 2023 July 27, 2023

June 2023 Reported Nontraded REIT Sales Down 11.3% from May 2023

Blue Vault received June 2023 sales totals for ten nontraded REIT program offerings as of July 19, 2023. Sales reported by those ten NTRs totaled $176.0 million, down 11.3% from $198.4 million in May for the same ten NTRs, and down 72% Y-O-Y from the $630.7 million in sales in June 2022. FS Credit Real…
Public Storage to acquire Simply Self Storage for $2.2 billion July 26, 2023

Public Storage to acquire Simply Self Storage for $2.2 billion

Self-storage operator Public Storage (PSA.N) said on Monday it has entered a deal to buy Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion, as it looks to expand its market presence. Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect…

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