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Blackstone Is the First Alternative Asset Manager to Hit $1 Trillion AUM. So Where Does It Go From Here?
In July, Blackstone BX reported that it had surpassed $1 trillion in total assets under management during the second quarter of 2023, being the first alternative asset manager to cross that threshold. A bit of background to start: “Alternative asset management” is an umbrella term for asset managers that specialize in private market investment strategies like private equity, private debt, or real assets, or in strategies that invest in publicly traded securities in a nontraditional manner, like hedge funds or funds of funds. (I am oversimplifying a bit—there is some overlap between these groups.)
Legendary Capital Expands Team with Two New Wholesaling Vice Presidents
Legendary Capital, LLC, a leading Alternative Investment Sponsor, is delighted to announce the recent addition of Devon Gasparovic and Robin Boccardi to its distribution team as wholesaling vice presidents. These strategic hires mark another significant step in the company’s ongoing commitment to strengthening its distribution capabilities and providing superior partnering services to financial advisors across the country…
Apollo Funds acquires Accent family of companies
Apollo Funds, a global alternative asset manager based in New York, has acquired the Accent family of companies, a Tomball, Texas-based full service, value-added industrial distribution company focused on the waste, recycling and building materials industries that includes Accent Wire-Tie, Accent Wire-Tie United Kingdom and Accent Building Materials…
Cove Capital Investments Completes the Acquisition of Two Long-Term Net Lease Properties as Part of Its Debt-Free Texas Net Lease 67 DST
Cove Capital Investments Completes the Acquisition of Two Long-Term Net Lease Properties as Part...
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Mall vacancies jump at fastest pace on record, hitting new high, as retailers cull store counts
Mall vacancies jump at fastest pace on record, hitting new high, as retailers cull store counts April 7, 2021 | Lauren Thomas | CNBC If you noticed more darkened windows and...
Ares Management Corporation Closes Oversubscribed Third U.S. Opportunistic Real Estate Fund
Ares Management Corporation Closes Oversubscribed Third U.S. Opportunistic Real Estate Fund Approximately $1.7 Billion Final Close Exceeds $1.5 Billion Target April 7, 2021...
Bluerock Capital Markets Reports Record Equity Inflows in March and $149 Million of New Equity Capital Investment Across its Institutional Product Suite
Bluerock Capital Markets Reports Record Equity Inflows in March and $149 Million of New Equity Capital Investment Across its Institutional Product Suite April 12, 2021 New...
REIT Leaders Speak Out at NYU Conference
REIT Leaders Speak Out at NYU Conference The event offered a rare opportunity to eavesdrop on conversations with Debra Cafaro, Sam Zell, Hamid Moghadam and Barry Sternlicht....
Cold Storage Facilities Will Remain “Hot” for 2021 and Beyond
Cold Storage Facilities Will Remain “Hot” for 2021 and Beyond Factors to consider when planning new cold storage construction. April 6, 2021 | Scott Skala and Jyot Parmar |...
Occupancy in Senior Housing Down 8.7% YOY
Occupancy in Senior Housing Down 8.7% YOY April 9, 2021 Occupancy in senior housing facilities dropped to a record low of 78.8% in the first quarter despite increasing...
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US Industrial Sector To Continue Historic Run
US Industrial Sector To Continue Historic Run August 29, 2017 | Brian J. Rogal | GlobeSt.com CHICAGO—The US industrial market is on a historic run. And experts say the factors responsible for the present era of expansion have combined in a powerful way that could...
The ABCs of REITs
The ABCs of REITs August 28, 2017 | Kelly Andiorio, Neil Furmanski | Rsmus.com A real estate investment trust (REIT) is a complex entity designed to provide all investors the opportunity to invest in commercial real estate in a tax efficient manner. REITs have become...
KBS Growth & Income REIT to Buy Chicago Office Building
KBS Growth & Income REIT to Buy Chicago Office Building September 4, 2017 | James Sprow | Blue Vault KBS Growth & Income REIT Inc., through a subsidiary, agreed to buy a seven-story office building in Chicago for roughly $43.5 million plus closing costs from...
In a recent third-party tender offer for the shares of Benefit Street Partners Realty Trust, Inc., what was MacKenzie Realty Capital, Inc.’s offer price per share and how many shares were tendered?
In a recent third-party tender offer for the shares of Benefit Street Partners Realty Trust, Inc., what was MacKenzie Realty Capital, Inc.’s offer price per share and how many shares were tendered? Answer: $12.05 per share and 11,806 shares were tendered, less...
REITs Join Ranks of Non-Bank Lenders, Provide More Than $14 Billion in CRE Loans During First Half of This Year
REITs Join Ranks of Non-Bank Lenders, Provide More Than $14 Billion in CRE Loans During First Half of This Year August 30 , 2017 | Mark Heschmeyer | CoStar.com With cap rates for commercial property sales reaching new lows and pricing climbing to new highs, a growing...
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