Blackstone related stories
All articles and analysis
The Texas WayArmed with a 'premier list' of real estate fund managers, the private markets team of the Teacher Retirement System of Texas, led by Steve LeBlanc, spoke about its vision for the portfolio and how it could be even tougher to get through its doors in the future.
- UK ROUNDTABLE: Opportunity amid regulatory Armageddon
The UK private equity real estate market is treading water amid a torrent of regulation capable of ‘destroying the industry’. Apart from that, opportunistic real estate investment in England is showing increasing signs of life. PERE Magazine June 2011 issue.
- BLUEPRINT: The Texas way
Armed with a 'premier list' of real estate fund managers with whom it will invest the bulk of its equity, the Teacher Retirement System of Texas is intent on setting its own agenda when it comes to deals. The pension’s private markets team, led by Steve LeBlanc, spoke to PERE about the premier list, their vision for the portfolio and how it could be even tougher to get through its doors in the future. PERE Magazine, June 2011 issue
- PERE 30: Lone Star rises as bank platforms fall
The Dallas private equity firm was the biggest riser in the 2011 PERE 30 ranking, thanks to successful capital-raising for its second real estate fund. Meanwhile, consolidation, business exits and strategic shifts among bank-sponsored platforms began to manifest themselves in this year’s ranking.
- Blackstone works to expand LP base(2)
The listed firm has identified 1,200 potential LPs, which it will try to recruit into its funds. Blackstone has collected $15bn for its sixth private equity fund, and has just launched fundraising for its next real estate vehicle.
- AMERICAS NEWS: Mass(ive) deployment
Blackstone’s $10.9 billion mega fund is roughly 90 percent invested in the wake of its $9.4bn acquisition of Centro Properties’ US assets. Was the mega deal evidence of a rush to close the fund or Blackstone simply exerting its unrivalled equity muscle yet again? PERE magazine April 2011 issue
- Blackstone’s $9.4bn Centro deal confirmed
The deal means the world’s largest real estate opportunity fund - Blackstone Real Estate Partners VI - is getting closer to being fully committed. BREP closed on $10.9bn in April 2008.
- Ashford, PREI JV acquires JER hotel portfolio
The 28-property Highland Hospitality portfolio was purchased for $1.28bn by US REIT Ashford Hospitality Trust and Prudential Real Estate Investors. Around $200m of equity from JER was wiped out in the deal.
- KKR plans real estate investment drive after key hire
The private equity giant behind the world's largest buyout has appointed former Goldman Sachs veteran Ralph Rosenberg to lead its real estate investing programme.
- Blackstone triumphs in bidding war for Centro Properties(2)
The New York-based giant has beaten two private equity real estate joint ventures to buy the US retail portfolio of Centro in a deal valued at $9.4bn. One rival bid was in the "mid-$8bn" range.