As of July 2021, BREIT has a total of 1,508 real estate properties in the residential, industrial, net lease, self-storage, hotel/hospitality, retail, and office sectors located across the U.S. BREITs occupancy rates are all above 90% for almost all sectors, with the exemption of the hotels/hospitality sector which was heavily affected by the COVID-19 pandemic. Liquidity is a major advantage that's often underappreciated up until you need it. Though the dividend yield of ~3.2% may seem low, it is actually quite high compared to the yields of its closest peers in the Sunbelt multifamily space: With over 30% upside to fair value, it would not be surprising if Blackstone at least made an attempt to buy BSR. If investors want to buy BREIT shares, they must have: BREIT has 4 types of share classes which differ in how the investors will be charged. We're currently running a sale at my private investing ideas service, High Yield Landlord, where members get access to portfolios, market alerts, real-time chat, and more. While its recently announced deals will utilize some more of that capital, additional money is likely to continue flowing into its coffers. While a cheaper fair value is good news for new investors. By 2030, the institutions may hold some 7.6 million homes, or more than 40% of all single-family rentals on the market, according to the 2022 forecast by MetLife Investment Management. Dollar Tree Inc forecast annual profit well below estimates on Wednesday, hurt by elevated freight and investment costs and as consumers rein back spending on discretionary items. BREIT had been a big growth driver for Blackstone. The total revenue coming from rental income also seems to increase consistently. In addition to having passed all CFA exams, Jussi holds a BSc in Real Estate Finance from University Nrtingen-Geislingen (Germany) and a BSc in Property Management from University of South Wales (UK). The sale was part of Blackstone's acquisition of the Scentre Group office portfolio in August 2019 and Link's financing was completed late last week. Since all of these common stocks are not traded in a public exchange, investors understand that their investments are not liquid. Blackstone CEO Steve Schwarzman noted on the company's recent, that "BREIT has delivered 12.5% net returns annually since inception six years ago for its largest share class, earning over three times the public REIT index. For FY 2020, Class I shares were still the highest ($0.6354/share) in terms of total net distributions, followed closely by Class D ($0.608/share). The average annual cost of a public internally-managed REIT is around 0.6%, and some REITs like Realty Income (O) have it as low as 0.4%. NAV REITs work differently from traditional publicly-traded REITs. Blackstone is able to purchase giant holdings in a . The people familiar with the matter declined to be identified because the information was not public. For starters, its non-traded REIT Blackstone Real Estate Income Trust (BREIT), has dominated the capital raising in that sector over the past year, raising more than $24 billion, or almost 70% of the money pulled in by non-traded REITs in 2021. Looking for more investing ideas like this one? You are responsible for your own investment decisions. And apparently this is the new target. Blackstone Group has been on an aggressive REIT buying spree in the last few years. Proof in point: BREIT just had to limit withdrawals because too many investors are currently seeking to get out of it. Blackstone is the 1000-pound gorilla in any real estate room. Currently, BREITs presence dominates in the NAV REIT market. At times, they might not even repurchase at all when you need the money urgently. Get them exclusively at High Yield Landlord. Yahoo fa parte della famiglia di brand di Yahoo. Overall, BREIT is one of the leading players in the NAV REIT market industry. Blackstone is a premier global investment manager. However, Blackstone's success in delivering differentiated returns will eventually become a magnet for investors once again. Managing more than $975 billion, the company invests money for wealthy . It was bought on a sharp yield of close to 4 per cent. KentWeakley. That has put STAG at a 30% discount to NAV, one of the steepest discounts in its history as a public REIT. The information in his articles and his comments on SeekingAlpha.com or elsewhere is provided for information purposes only. Join us for a 2-week free trial and get access to all my highest conviction investment ideas. Please. For example, BSR owns a strong portfolio of primarily Class B, Garden-style apartment communities. Blackstone earns lucrative fees for managing BREIT and delivering on its return objectives for investors. And the company isn't obligated to make any repurchases, so it could choose to buy back even fewer shares than the limit or none at all. To make the world smarter, happier, and richer. The asset manager is buying so aggressively because REIT valuations are significantly below the private market valuations of their real estate. Per maggiori informazioni sulle modalit di utilizzo dei dati, consulta la nostra Informativa sulla privacy e lInformativa sui cookie. This gives a hint as to why Blackstone has been hoovering up REITs like a vacuum this year. It gets paid a 1.25% of the NAV each year as well as 12.5% of the annual total return subject to a 5% hurdle. With 170 publicly traded equity REITs and more privately held ones, Blackstone has a vast opportunity to continue growing its real estate empire. Class S shares were the first issued common stock of BREIT in 2017 at $10. Blackstone's non-traded REIT, BREIT, has agreed to acquire Preferred Apartment Communities for $25 a share, or $5.8 billion. Note that this is an investment-grade rated company with a very strong track record and it is not in any distress. The Motley Fool has a disclosure policy. "Our business is built on performance, not fund flows, and performance is rock solid," the spokesperson said. Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive . Investors always going with the big names to their detriment. As a mortgage REIT, they have real estate debt investments through commercial and residential mortgage-backed securities. Consider These Alternative Real Estate Investments. Having invested in data centres in the US and Europe, Blackstone has eyes on Asia-Pacific - starting with India. Good examples include Global Net Lease (GNL) and Industrial Logistics Properties Trust (ILPT). However, they'll lose the exposure to the business park sector, which contributed 4% of Public Storage's annual funds from operations. It has a strong balance sheet with mostly fixed-rate debt. Private equity giant Blackstone Group plans to purchase 66 residential complexes in San Diego County for more than $1 billion in one of the biggest real estate transactions in local history. Total returns could be higher if you account for the accumulated share distributions throughout your investment years. Natalie Wong. Jussi Askola is a former private equity real estate investor with experience working for a +$250 million investment firm in Dallas, Texas; and performing property acquisition in Germany. By. Chicago-based Home Partners of America purchases, owns and operates single-family rent al homes across the United States. I/we have a beneficial long position in the shares of STAG; HOM.U either through stock ownership, options, or other derivatives. Click here to learn more!. But it limits repurchases to 2% of its NAV per month and 5% of its NAV in a calendar quarter. The real estate group of Blackstone, Blackstone Real Estate, is our sponsor and an affiliate of BX REIT Advisors L.L.C. The chart below shows the YTD performance of all class share classes, plus the since inception date returns. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits . Meanwhile, from the inception date to July 31, 2021, total returns (without initial sales charge fees) were between 10% 11% across all types of share classes. Because of those returns, Blackstone has become a victim of its own success as some investors seek to cash in on their profitable BREIT shares to deploy that capital into other investments. Please disable your ad-blocker and refresh. While this differential in performance between publicly traded and privately held real estate is interesting and good for Blackstone, it also signals opportunity for the average REIT investor. The firm owned 20,221 shares of the asset manager's stock after acquiring an additional 5,035 shares during the quarter. Office landlords face uncertainty with forward leasing deals despite the raft of government packages to help with rent payments. I am not receiving compensation for it (other than from Seeking Alpha). To be fair, BREIT is a pretty vehicle and it has a strong track record. If you dont like it, we wont charge you a penny! Our largest position, Vonovia (OTCPK:VONOY) (OTCPK:VNNVF), is the biggest landlord in Germany. Like Salesforce.com, inc. (NYSE:CRM), Roblox Corporation (NYSE:RBLX), and Advanced Micro Devices, Inc. (NASDAQ:AMD), HubSpot, Inc. (NYSE:HUBS) is a stock that many elite hedge funds have been . Those sectors are benefiting from long-term tailwinds and inflation. Those sectors are benefiting from long-term tailwinds and inflation. Blackstone shares ended down 7.1% on the news on . And they both have solid balance sheets that are not flashing any warning signals. LONDON, Dec 2 (Reuters) - While there has been little wider fallout from this week's surge in redemption requests at an unlisted Blackstone real estate income trust (REIT), it is being read by some as a warning sign. "It's not a surprise that you would see a deceleration in flows from individual investors when you've had this kind of market decline," Gray said. The curbs came because redemptions hit pre-set limits, rather than Blackstone setting the limits on the day. It results in significant economies of scale and better aligns interests with shareholders because they earn salaries based on their performance and not just the mere size of the company. Public REITs are down 25% and many are down closer to 50% even as real estate values remained more or less intact. Resource REIT (non-traded) for $3.7 billion. As a result, it will receive about $2.7 billion in cash when the deal closes. HPA's unique, resident-led business model expands housing access and choice, while providing a clear path to . Cost basis and return based on previous market day close. The company has a market cap of $3.67 billion, a P/E ratio of 14.90 and a beta of 1.31. EdR Student Housing Portfolio (10,610 units), Southeast MH portfolio (8,563 units), Acorn Multifamily Portfolio (8,309 units), etc. 3 Beaten-Down Dividend Stocks to Buy Without Hesitation, My Top 3 Dividend Stocks to Buy Today (and It's Not Even Close), 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, According to Bloomberg, investors requested to pull more than $5 billion out of, Blackstone created BREIT in 2016 to provide high-net-worth individual investors with access to institutional-quality private real estate investments. This is the most important reason. I wrote this article myself, and it expresses my own opinions. Invest better with The Motley Fool. Clearly, as the Vanguard Real Estate Index (VNQ) has sold off along with the broader market this year, Blackstone believes that there is ample value to be found in REITs. Driving those returns was the company's thematic investment approach, currently focused on rental housing and industrial real estate in the Southern and Western parts of the country. A majority (by 89%) of BREITs income comes from rental revenues across a diverse set of asset classes much of it comes from residential and industrial sectors. JOIN THE CONVERSATION. Verition Fund Management LLC raised its position in Blackstone Inc. ( NYSE:BX - Get Rating) by 33.2% during the third quarter, according to the company in its most recent disclosure with the SEC. This button displays the currently selected search type. Blackstone Inc (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that . Blackstone Group (BX 1.37%) is back in the headlines again this week with another multi-billion-dollar purchase of a real estate investment trust (REIT). The Motley Fool owns and recommends American Campus Communities and The Blackstone Group Inc. They claim that, unlike public REITs, BREIT is uncorrelated with the public stock market because it is a non-listed real estate investment vehicle. BREIT should trade at a lower valuation than public REITs given that it is illiquid, externally managed, and lacks specialization, but against all odds, it is today priced at a large premium. Extended Stay America , along with its paired-share REIT, ESH Hospitality, Inc., has been acquired by funds managed by Blackstone Real Estate Partners (Blackstone) and Starwood Capital Group for . Ultimately, private REITs pool investors' capital and purchase various properties based on the fund's mandate. Matthew DiLallo owns Public Storage. But that's not due to any issues with the REIT itself. The national CBD office market vacancy rate increased by 0.1 percentage point from 8.3 per cent to 8.4 per cent in three months ending March 31. . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Their strongest market comes from the West and Southern states. The private real estate market tends to deliver higher income yields and less volatility than publicly traded REITs: A big reason for the lower volatility is that these are illiquid investments, meaning investors can't sell their shares whenever they want. Blackstone REIT agreed to buy all of the outstanding shares of Preferred Apartment Communities for $25.00 each, and once the transaction closes, the REIT's common stock will no longer be listed on the New York Stock Exchange. It owns mainly rental housing and industrial properties. Managers of non-traded REITs often offer their investors limited liquidity. Large-scale transactions, such as taking publicly traded REITs private, are an effective way for it to deploy sizable amounts of its dry powder. BREIT is a Maryland corporation founded in 2015 and started operating as a non-traded REIT in 2017. Their current real estate investments operate in 7 sectors: BREITs acquired assets are growing continuously. But I think that public REITs are today far more opportunistic than BREIT. This is a much better management structure because the management is hired as employees of the REIT. Blackstone CEO Steve Schwarzman noted on the company's recentfourth-quarter conference callthat "BREIT has delivered 12.5% net returns annually since inception six years ago for its largest share class, earning over three times the public REIT index.". Blackstone Inc. will purchase American Campus Communities, Inc. (NYSE: ACC) in a $12.8 billion all-cash transaction, including debt, the student housing REIT announced April 19. I would actually argue that public REITs provide better "real" diversification benefits because they allow you to invest in many more property sectors and countries. Just this week, the Blackstone Real Estate Income Trust agreed to buy an apartment portfolio comprising more than 12,600 units from Resource REITBluerock . Asset management giant Blackstone (BX) boasts a portfolio of assets under management reaching nearly $1 trillion, made up largely of real estate. However, net losses have been incurred since 2017 which can be attributed to the real estate debt portfolio. With billions of dollars in dry powder across its real estate private equity funds and cash continuing to pour into its funds, Blackstone will likely continue its real estate shopping spree. It only fulfilled about a quarter of those redemptions because it hit its 2% monthly limit. July 16, 2021. ET, This 4.5%-Yielding Dividend Stock Has $50 Billion to Continue its Real Estate Buying Binge, 1 Roaring Dividend Stock That's Leading the Market Recovery. Just to give you a few examples of REITs that own similar properties as BREIT: Why would you pay a much higher valuation to invest in BREIT instead? created PS Business Parks in 1986 and took it public more than a decade later. The latter deal included . Jupiter 12 Industrial Portfolio, Canyon Industrial Portfolio, Meridian Industrial Properties, etc. BREITs common stocks are priced at their fair value in terms of NAV net asset value. Jussi is also the President of Leonberg Capital - a value-oriented investment boutique specializing in mispriced real estate securities often trading at high discounts to NAV and excessive yields. If you can't get your money back, does the "paper valuation" then have any meaning? The purchase will give Blackstone a large-scale portfolio of high-quality, flexible real estate in some of the country's best markets. Blackstone Stock Keeps Soaring Higher. As the current headwinds fade, the company's BREIT should become a growth driver again. This implies that the REIT was able to sell properties at a significant gain from its original purchase price. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The acquisition represents about 1.66 per cent of the total assets of Link REIT and was funded by a combination of debt and equity. For example, from the beginning of the year through June, STAG has acquired $271 million of properties at a 5% cap rate while selling $36 million of properties at a 4.4% cap rate. Blackstone created BREIT in 2016 to provide high-net-worth individual investors with access to institutional-quality private real estate investments. Goldman Sachs mulls deal options after consumer flop, TotalEnergies buys CEPSAs upstream assets in Abu Dhabi, Reporting by Chibuike Oguh and Herb Lash in New York It currently owns 41% of PS Business Parks' equity and plans to vote in favor of the transaction. We have over 500 five-star reviews from happy members who are already profiting from our real estate strategies. In addition, holders of Preferred Apartment Communities' preferred stock will receive the $1,000 per . Is now still a better time to invest in BREIT, or should you rather consider public REITs? But most public REITs are internally-managed. The 2 main distinctions of REITs in terms of how they earn income are equity and mortgage REITs. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Three stocks that look particularly appealing considering their high-dividend yields and beaten-up share prices are Blackstone ( BX 0.30%), UMH Properties ( UMH 0.38%), and Mid-America Apartment . Investment advisors assess the shares and report them in terms of fair value, like how mutual funds work. The curbs came because redemptions hit pre-set limits, rather than Blackstone setting the limits on the day. Jussi Askola is a former private equity real estate investor with experience working for a +$250 million investment firm in Dallas, Texas; and performing property acquisition in Germany. Meanwhile, total debt to gross book value is a mere 35%, a marker of a strong balance sheet. This is to avoid market volatility especially with factors that do not directly relate to real estate. From the past metric performance, BREIT has had a good run since its inception in 2017. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. BREITs real estate investment portfolio can be categorized into two real estate investments and real estate debt investments. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The majority of investors redeeming were from Asia and needed the liquidity, they said. Here are some examples: BSR PresentationBSR PresentationBSR PresentationBSR Presentation. Cushman & Wakefield chief executive James Patterson said uncertainty around the length and extent of the COVID-19 pandemic was leading to delayed investment decisions. US private equity giant Blackstone Group has defied market jitters and pulled off a mega sale of an office tower above the Westfield mall in Sydney's CBD to Hong Kong-based Link REIT for $683 . That's one of, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. ", stunning outperformance continued last year. As of FY 2020, BREITs real estate debt investments consist of 194 investments in CMBS, 15 investments in RMBS, 10 corporate bond investments, and 9 real estate loans. It primarily caters to smaller businesses that need flex space (hybrid office/industrial space) or some warehouse space. BREIT is an externally-managed REIT. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. SoCal Grocery Portfolio, Canarsie Plaza (NY), Bakers Center (PA), etc. BREIT's net asset value has grown to $69 billion, making it one of the largest REITs in the world. Focusing on the common shares, BREIT has a total of 112,104 holders across the 4 types of class shares as of March 17, 2021. We take a look at two attractive REITs trading significantly below their net asset values. PS Business Parks currently owns 97 business parks with 28.1 million square feet of commercial space leased to about 5,100 tenants. As a result, the REIT allowed investors in November to redeem $1.3 billion, equivalent to approximately 43% of investors' repurchase requests. DLF's top management has been maintaining that the timing for REIT will be decided by the two joint venture partners, Pic- Reuters. Update 2018-05-11: Blackstone reports that it's leverage has increased from below-average 41% to above average 60% (average for core plus is 50%). This was followed close behind by Class I shares at $12.9/share. It is a lot cheaper and offers better upside potential going forward. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. BREIT has the authority to issue a total of 10,100,000,000 shares. They earn income by leasing out rental spaces to clients. CRE Herald. Blackstone's (BX) public non-listed REIT, BREIT, has been one of the best-performing REITs of this year. The REIT also represented a bid to win over high net-worth investors clamoring for private market products, which they believe perform better than those that are publicly traded. Learn More. Were working to restore it. Today, he is the author of "High Yield Landlord - the #1 ranked real estate service on Seeking Alpha. The deal will add a large-scale portfolio of business park, office, and industrial assets to Blackstone's burgeoning real estate portfolio. We spend 1000s of hours and over $100,000 per year researching the market for the most profitable investment opportunities and share the results with you at a tiny fraction of the cost. With 8.1% and 4.3% of the shares outstanding respectively, BlackRock, Inc. and Blackstone Inc. are the second and third largest shareholders. I have no business relationship with any company whose stock is mentioned in this article. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth . The transaction has been unanimously approved by the REIT's Board of Directors and represents a premium of 63 percent to the REIT's most recently published Net Asset Value of $9.06 per share . The deal values theindustrial REITat $7.6 billion. So far in 2022, Blackstone has bought or agreed to buy: That is about $30 billion of real estate! The Vanguard Group, Inc. is currently the company's largest shareholder with 9.3% of shares outstanding. Ever since the REITs inception in March 2017, they have consistently paid monthly distributions. This time it's buying PS Business Parks . In terms of the location of the target market, BREITs investment strategy is focused on the U.S. market. The spokesperson said came because redemptions hit pre-set limits has bought or agreed to buy: that is $... A very strong track record and it has a strong portfolio of primarily Class B, Garden-style Communities... In cash when the deal closes raft of government packages to help with payments! On an aggressive REIT buying spree in the world investments are not traded a... Landlord in Germany primarily caters to smaller businesses that need flex space ( hybrid office/industrial space or... You rather consider public REITs are down closer to 50 % even as real estate access! Stag ; HOM.U either through stock ownership, options, or should rather... The best-performing REITs of this year shares were the first issued common stock of BREIT 2016. Non-Listed REIT, they might not even repurchase at all when you need it down 7.1 % on day! Discusses one or more securities that do not trade on a sharp yield close... - the # 1 ranked real estate strategies buy: that is about $ 30 of. More of that capital, additional money is likely to continue growing its real estate in some of largest... A major U.S. exchange best markets market cap of $ 3.67 billion, a P/E ratio of 14.90 a... Inc. is currently the company has a strong balance sheet with mostly fixed-rate debt with! Incurred since 2017 which can be attributed to the real estate Group Blackstone. Owns and recommends American Campus Communities and the Blackstone real estate portfolio guidance and... Also seems to increase consistently losses have been incurred since 2017 which can be categorized into two real.... Equity REITs and more from the Motley Fool 's Premium Services our sponsor and an of... Or some warehouse space non-traded ) for $ 3.7 billion debt investments strong track and! Research, Investing resources, and more privately held ones, Blackstone 's burgeoning real estate values remained more less. The raft of government packages to help with rent payments of high-quality flexible. Owned 20,221 shares of the largest REITs in terms of how they earn income equity! Institutional-Quality private real estate Group of Blackstone, Blackstone has been one of the asset manager & # x27 s... To issue a total of 10,100,000,000 shares their investments are not liquid a growth! S buying PS business Parks currently owns 97 business Parks with 28.1 million square of. Vonovia ( OTCPK: VONOY ) ( OTCPK: VNNVF ), Center! It & # x27 ; s stock after acquiring an additional 5,035 shares during the quarter, please Javascript... Underappreciated up until you need it for a 2-week free trial and get access to all my conviction... Of it like how mutual funds work too many investors are currently Seeking to get out of.... ) and Industrial Logistics Properties Trust ( ILPT ) manager is buying aggressively... Of 10,100,000,000 shares of real estate debt investments of business park, office, and richer ensure this doesnt in.: that is about $ 30 billion of real estate blackstone reit purchase buying so aggressively because REIT valuations are below! Author of `` High yield landlord - the # 1 ranked real estate best-performing REITs of this.. Path to has put STAG at a significant gain from its $ 69 billion, company... Out of it profiting from our real estate investments and real estate investments operate in 7 sectors: BREITs assets! Deal will add a large-scale portfolio blackstone reit purchase primarily Class B, Garden-style apartment Communities the Vanguard Group, is! Authority to issue a total of 10,100,000,000 shares that 's not due to any issues with the REIT itself of... $ 12.9/share since its inception in 2017 at $ 10 over 500 reviews. Other derivatives to our top analyst recommendations, in-depth research, Investing resources, it. Value is a pretty vehicle and it expresses my own opinions company #. Resource REITBluerock on Seeking Alpha ) started operating as a public exchange, investors understand that their investments are traded! Are significantly below the private market valuations of their real estate investments sulla privacy e lInformativa cookie. Examples include Global net Lease ( GNL ) and Industrial assets to Blackstone 's success in delivering differentiated returns eventually! Point: BREIT just had to limit withdrawals because too many investors are currently Seeking to get out it. When you need it more than $ 975 billion, the Blackstone Group Inc and offers better upside going. The world space ) or some warehouse space rather consider public REITs are down closer to 50 even! Buying so aggressively because REIT valuations are significantly below their net asset values the matter declined to fair... Landlords face uncertainty with forward leasing deals despite the raft of government packages to help rent. For example, BSR owns a strong balance sheet with mostly fixed-rate.. From long-term tailwinds and inflation % even as real estate, is our sponsor and an affiliate of REIT! Bsr owns a strong portfolio of primarily Class B, Garden-style apartment Communities large-scale. Not public who are already profiting from our real estate debt investments far 2022... ) for $ 3.7 billion BX.N ) limited withdrawals from its original purchase price have beneficial. The NAV REIT market more opportunistic than BREIT ( non-traded ) for $ 3.7 billion Trust ( ILPT.! Javascript and cookies in your browser might not even repurchase at all when you need it and residential securities. Because redemptions hit pre-set limits, rather than Blackstone setting the limits on the market! At times, they might not even repurchase at all when you need it, please Javascript. To institutional-quality blackstone reit purchase real estate investment portfolio can be attributed to the real estate income Trust agreed to buy apartment... In data centres in the NAV REIT market industry metric performance, not fund flows and. La nostra Informativa sulla privacy e lInformativa sui cookie with opinions that may differ the... A beta of 1.31 are benefiting from long-term tailwinds and inflation but it limits repurchases 2. Nav in a: that is about $ 2.7 billion in cash when the deal closes into! Today far more opportunistic than BREIT NAV REIT market industry a 30 % discount to,. Grown to $ 69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits, rather Blackstone. Location of the largest REITs in the shares and report them in terms of net. Investments operate in 7 sectors: BREITs acquired assets are growing continuously in of... Market industry Alpha ) than from Seeking Alpha ) for the accumulated distributions... A pretty vehicle and it is a much better management structure because the information not... Authority to issue a total of 10,100,000,000 shares had a good run since its in... Public non-listed REIT, they have real estate service on Seeking Alpha ) redemptions hit pre-set.. Distinctions of REITs in the last few years 12,600 units from resource REITBluerock the length and extent the... In Germany good news for new investors REIT was able to purchase giant holdings in a total of 10,100,000,000.. Happier, and richer due to any issues with the matter declined to fair! Large-Scale portfolio of high-quality, flexible real estate Parks with 28.1 million square feet commercial. During the quarter 1986 and took it public more than $ 975 billion making. The future, please enable Javascript and cookies in your browser was followed close behind by Class i shares $... Portfolio of high-quality, flexible real estate room created PS business Parks with 28.1 million square of... Track record and it is not in any distress familiar with the big names to their detriment estate service Seeking. Accumulated share distributions throughout your investment years down 25 % and many are down 25 and! Long-Term tailwinds and inflation below the private market valuations of their real estate debt investments grown to 69! In delivering differentiated returns will eventually become a Motley Fool 's Premium Services leased to about 5,100 tenants cookie... Examples: BSR PresentationBSR PresentationBSR PresentationBSR Presentation limits, rather than Blackstone setting the limits the. Higher if you dont like it, we wont charge you a penny 20,221 of. And report them in terms of fair value is a much better management because... Aggressively because REIT valuations are significantly below the private market valuations of their real estate portfolio the inception. The real estate debt investments through commercial and residential mortgage-backed securities market valuations of their real Group! High-Quality, flexible real estate % of its NAV per month and %... Our real estate values remained more or less intact spokesperson said SeekingAlpha.com or is. Value has grown to $ 69 billion, a P/E ratio of 14.90 and a of... Of all Class share classes, plus the since inception date returns business relationship any... Because REIT valuations are significantly below the private market valuations of their real estate delivering differentiated returns will eventually a... Are benefiting from long-term tailwinds and inflation, '' the spokesperson said,! Landlord - the # 1 ranked real estate, is the author of `` High yield landlord - #... % even as real estate REIT ( non-traded ) for $ 3.7 billion credit. Choice, while providing a clear path to inception date returns are at. Maggiori informazioni sulle modalit di utilizzo dei dati, consulta la nostra Informativa privacy. Seeking to get out of it of those redemptions because it hit its 2 % of its NAV month... Of America purchases, owns and recommends American Campus Communities and the Blackstone real estate service Seeking. 30 % discount to NAV, one of the asset manager is so. Leasing deals despite the raft of government packages to help with rent payments owns 97 business Parks in and...
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