Paul Farrington’s Post

$191B. #TuesdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance Blackstone sees a recovery in the commercial real estate market coming and is acting accordingly, making major investments in the sector, most notably in multifamily rentals. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProp https://lnkd.in/ei-zGB8g

Blackstone Acquires Significant European Real Estate Portfolio In 2023, Blackstone, the world's largest commercial property owner, increased its investments in European real estate more than any other region. The company announced an £819 million deal with UK housebuilder Vistry to acquire 2,915 private and affordable rental and shared ownership properties. Despite challenges, Blackstone's strategic moves in the European real estate market underscore its ability to navigate and capitalize on evolving market conditions. #Blackstone #EuropeanRealEstate #RealEstateInvestment #HousingMarket #RealEstatePortfolio

Blackstone makes ~$10 Billion Apartment Investment   ❓ Is the institutional #multifamily bid back?   CoStar Group reported that “Blackstone fund Blackstone Real Estate Partners X [will] acquire all outstanding shares of AIR Communities for $39.12 per share, 25% more than Friday’s closing price [April 5th, 2024].”   ❗ Blackstone President Jonathan Gray previously stated in a 2023 earnings call that we are at a “cyclical bottom”.   As for Blackstone’s forecast, Gray stated:   1️⃣ “We believe we're now heading into a better environment … with inflation and cost of capital headwinds moderating”   2️⃣ “While it will take time, we can see the pillars of a real estate recovery coming into place.”    3️⃣ “We are, of course, not waiting for the all-clear sign and believe the best investments are made during times of uncertainty.”   ❔ Do you think this transaction is indicative of the institutions return to aggressively bidding on deals? JLL Multi-Housing - Central TX Ryan McBride | Robert Wooten Chris Roper | Nick Beardslee | Alex Fernandes

Blackstone's largest multifamily deal, valued at $10 billion, is the acquisition of Apartment Income REIT (AIR Communities). This signals Blackstone's return to investing in multifamily properties after a pause due to higher interest rates. The acquisition, at $39.12 per share, showcases Blackstone's confidence in stable rates and commitment to quality assets. With 76 properties and over 27,000 units, primarily in coastal markets, the deal strengthens Blackstone's presence in the multifamily sector amid market uncertainties. #Blackstone #MultifamilyDeal #RealEstateInvesting #PropertyAcquisition #InvestmentStrategy #CoastalMarkets

What an interesting and smart move from Blackstone. The real estate rental market is where the solid fundamentals are found for the coming years. Existing interest rates, access to credit , savings capacity and most importantly, the new trends and preferences of new generations who see in the rental market an increasingly useful and efficient value proposition to satisfy their housing needs. This is why we see in this transaction from BX a solid support to our view of the opportunities ahead for the rental market. We could eventually see new transactions in this space looking for consolidation.

Even private real estate titan Blackstone is taking advantage of the significant opportunity created by the listed versus private valuation gap, acquiring Tricon and AIR Communities REITs this year. Read why the JHI Global Property Equities Team has a constructive outlook for the listed residential sector as the more positive outlook for listed real estate builds. #JHI #JanusHenderson #JHInsights #Property #reit #realestate #CapitalAtRisk #ForProfessionalsOnly #MarketingCommunication

Interesting read with your morning coffee ☕ As I previously stated in a corresponding post regarding this acquisition. Blackstone cannot be ignored... and it certainly hasn't. As the world’s largest commercial real estate owner, Blackstone’s impact stretches well beyond AIR and to the rest of the sector. Blackstone’s acquisition of AIR, which is expected to close next quarter, represents the company’s largest acquisition in the multifamily sector. Blackstone will take the company private. #multifamilyinvesting #multifamily #apartments

KKR paid $2.1B for over 5.2K units spread across various states, including California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey.They’re banking on dwindling apartment construction leading to lower supply and rising rents by 2026. What do you think about this move? Do you think Multifamily will rebound soon? #investNowCapital #privateequity #multifamily #Passiveinvesting

Leslie Shaver, Multifamily Dive. Blackstone, a New York City-based investment manager, and Apartment Income REIT Corp. (AIR), based in Denver, announced an agreement for Blackstone Real Estate Partners X to acquire all AIR's outstanding common shares for approximately $10 billion, including debt assumption. Blackstone, the world's largest commercial real estate owner, is buying AIR at $39.12 per share, a 25% premium over its closing price on April 5, 2024. AIR's portfolio includes 27,010 units across 76 rental communities, primarily in coastal markets like Miami, Los Angeles, Boston, and Washington, D.C. Blackstone plans to invest over $400 million in these properties for maintenance and improvement, with potential for further investment for growth. Blackstone, with $337 billion of U.S. investor capital under management, has previously acquired apartment firms including American Campus Communities, Preferred Apartment Communities, and Resource REIT. Nadeem Meghji, Blackstone Real Estate's global co-head, highlighted AIR's portfolio as exceptionally high-quality. AIR has operated independently since 2020 after spinning off from Aimco. Terry Considine, Aimco's founder, led AIR post-separation. The deal comes after a period of low merger-and-acquisition activity in the apartment market. MSCI Real Assets notes this transaction could indicate a recovery from COVID-related shocks and potentially inspire more deals in the sector, as public markets have undervalued apartments relative to private valuations. #blackstone #realestateinvestment #apartmentincome #airreit #multifamilyhousing #commercialrealestate #propertyacquisition #coastalmarkets #investmentmanagement #rentalcommunity #realestateportfolio #marketexpansion #propertyimprovement #housingmarket #realassets #sectorrecovery #propertydeals #apartmentsector #institutionalinvestment #marketvaluation

Blackstone's Back! In Sugi's 2024 outlook published last week, we highlighted that conditions were ripe for M&A in the REIT market. In a game-changing $3.5 billion deal, Blackstone Real Estate Partners X, together with BREIT, acquired Tricon Residential, publicly-traded owners of ~37,000 single-family rental homes in the U.S. Sun Belt and multifamily apartments in Canada. This strategic purchase at US$11.25 per share represents a 30% premium to last close, highlighting significant value in certain public REITs. We expect more to come as 2024 unfolds. #RealEstate #Acquisition #Blackstone #TriconResidential #MarketImpact https://lnkd.in/eZgrweAi