{"id":6168,"date":"2023-04-11T17:32:05","date_gmt":"2023-04-11T17:32:05","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/blackstone-raises-30-4-billion\/"},"modified":"2023-04-11T17:33:38","modified_gmt":"2023-04-11T17:33:38","slug":"blackstone-raises-30-4-billion","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/blackstone-raises-30-4-billion\/","title":{"rendered":"Blackstone raises $30.4 billion for latest real estate fund"},"content":{"rendered":"

(Reuters) – Blackstone Inc said on Tuesday it had raised $30.4 billion for its latest global real estate fund, as the private equity behemoth looks to double down on the industry.<\/p>\n

The fund, called Blackstone Real Estate Partners X, is 48% bigger than the asset management giant’s previous real estate fund which closed in 2019.<\/p>\n

Blackstone has been focusing its portfolio on logistics, rental housing, hospitality, lab office and data centers, shifting away from assets like traditional office and malls that are facing headwinds from a post-pandemic adoption of flexible work and surge in e-commerce.<\/p>\n

“Sector selection has never been more critical as we witness the bifurcation of performance within real estate,” Ken Caplan, global co-head of Blackstone Real Estate, said in a statement.<\/p>\n

Blackstone shares were up nearly 1% in premarket trading.<\/p>\n

\n

(Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber)<\/p>\n

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(Reuters) – Blackstone Inc said on Tuesday it had raised $30.4 billion for its latest global real estate fund, as the private equity behemoth looks to double down on the industry. The fund, called Blackstone Real Estate Partners X, is 48% bigger than the asset management giant’s previous real estate fund which closed in 2019. […]<\/p>\n","protected":false},"author":8,"featured_media":6169,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-6168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3A0DO-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=6168"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6168\/revisions"}],"predecessor-version":[{"id":6170,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6168\/revisions\/6170"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/6169"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=6168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=6168"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=6168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}