Breneman Capital’s Post

Equity Residential Expands Sun Belt Portfolio with $1 Billion Acquisition from Blackstone Equity Residential has taken a significant step forward in its Sun Belt expansion strategy, agreeing to purchase an 11-property apartment portfolio from Blackstone for nearly $1 billion. This acquisition, which includes 3,572 units across Atlanta, Dallas, and Denver, reflects Equity’s confidence in the long-term growth potential of these rapidly developing markets. Although current rent levels in these regions are weak, Equity’s leadership sees this as a strategic investment with a promising outlook for rental rate recovery by 2027. As the commercial real estate market shows signs of stabilization, this deal underscores the growing institutional demand for high-quality assets in the Sun Belt. Read full article here: https://lnkd.in/gTwsSnVa How do you see the future of multifamily investments in the Sun Belt evolving over the next few years? #costar #sunbelt #equity #blackstone

Blackstone is set to purchase multifamily real estate in a $10 billion transaction, signaling a renewed confidence in residential real estate. Additionally, the company plans to invest an additional $400 million in upgrading these properties. Jonathan Gray, President of Blackstone, emphasizes the positive signs of real estate recovery, stating, 'We observe the foundational elements of real estate resurgence.'" #blackstone #realestate #investment #strategy

Blackstone Makes a $10 Billion Bet On Multifamily Units As Real Rents Begin Re-Accelerating… The Wall Street Journal's headline announced Blackstone's $10 billion acquisition of Apartment Income REIT, taking the company private. "The acquisition is Blackstone's largest transaction in the multifamily market," WSJ pointed out. This move signals the firm's bullishness on the rental housing market, especially when rents are beginning to re-accelerate. Blackstone agreed to purchase AIR Communities for $39.12 a share, representing a 25% premium to the company's closing share price on Friday. The deal is being completed through the investment management company's $30.4 billion global real-estate fund. Blackstone favors rental housing as one of the hottest places in the commercial property market to invest. The acquisition of AIR will give the investment manager exposure to 76 rental housing communities in coastal markets, including Boston, Miami, and Los Angeles. Blackstone has been aggressively increasing investments in CRE markets, a major bet the Federal Reserve's interest rate hiking cycle has plateaued and cuts near…. #blackstone #multifamilyrealestate #interestrates

Blackstone’s $10B acquisition of Air Communities sends a widespread signal that dry powder is ready to be deployed into the market, that interest rates are stabilizing, and that CRE values, namely multifamily, may have somewhat bottomed out. Fueled by market consolidation strategies, recent M&A activities by Blackstone is just another layer designed to further expand its already commanding market share and geographic footprint. Blackstone’s President and COO, Jon Gray, underscores this plan by placing a strong emphasis on optimizing its portfolio, selling underperforming assets (Or non-core properties in some cases), while acquiring assets that better align with their investment strategies and long-term goals. Like many, I'm eager to see the influence that this will have on investor sentiment because, one thing we know for sure, when Blackstone buys, the entire real estate market takes note! #CRE

Stunning architecture, quality and economies of scale.

It’s not every day you come across a multibillion-dollar real estate investment. However, when these things do happen, it’s often a positive sign of where the market lies. Blackstone is pursuing this deal due to interest rates stabilizing, it’s easier to access capital, and the ROI upside foreseen. #RealEstate #PropertyInvesting #ROI

Blackstone Investment International signals a major move in the real estate market: investing $10 billion in multifamily complexes in the USA! 🏢💼 The Implication: Just like us at Buligo Capital, Blackstone recognizes the prime time for real estate investment in the USA, and with this acquisition, it sets the course, marking its largest move yet in the multifamily sector. As stated by Blackstone's president, Jonathan Gray: "We see glimpses of recovery in real estate. We're not waiting for things to settle. The most successful investments are made during times of uncertainty." Interested in staying updated on more real estate deals in the USA, exclusively for accredited investors according to the Israeli securities law? Reach out to us today. Want to read the full article on Calcalist? https://lnkd.in/e9w-HWgQ #RealEstate #Investments #Blackstone #BuligoCapital #InvestingInUSA

Westmount Square Capital was founded at the beginning of the #pandemic with purpose. The founders, Mark McGregor and Jonathan Tauber had lasting memories of their last experience when an exogenous shock took the financial markets into a frenzy. In hindsight, the #GFC presented a unique opportunity to participate in the recovery of a meltdown. Their commitment was to never let a similar opportunity pass them by. Conversely, the pandemic's meltdown soon became a meltup and since inception, WSC has acquired about 1,300 units of multifamily. Today, the new rate environment presents yet another challenge, and also, an opportunity. Multifamily Sponsors who acquired late cycle, bridge financed, heavy lift business plan multifamily assets are faced with precarious options, as are their lenders. With maturities on the horizon, Sponsors are finding themselves with busted business plans, accruing payables, expensive rate caps to reload, and in some cases, required paydowns - LPs are not willing to throw good money after bad. In many (most) cases, the lenders themselves are impaired. What are the options? We think it's critical that the capital stack remains friendly and finds collaborative solutions. We have those creative alternatives, the capital to rebalance, and most importantly the expertise to turn the assets around. If you are a lender and/or a Sponsor with a similar issue on your hands, please reach out. We are always happy to just compare notes. #multifamily #valueadd #jacksonville #florida #multifamilyinvesting #floridarealestate #distress #tampa #southeast

Brokers and owners - we are actively buying multifamily assets in NC, SC, and VA. $5-20mm built after 1980 with a 1.5+ weighted average bedroom count within commuting distance of a 100k+ population center. We need clear line of sight to exit >25% above our all-in cost basis after renovations and re-stabilization at a 5.75-7.50% exit cap. If you bring us that, we’ll buy it. Our contract-to-close rate is 100% across 12/12 deals since our first acquisition in 2017. #realestate #investing #multifamily #privateequity