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Blackstone Amasses $755 Million for Up-and-Coming REIT

May 26, 2017

Blackstone Amasses $755 Million for Up-and-Coming REIT

May 24, 2017 | by 

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It looks as though the $5 billion non-traded real estate investment trust (REIT) that Blackstone Real Estate filed for last August is coming along nicely.

The new Blackstone REIT is steadily adding to its pile of gold with buy-ins from “mom-and-pop investors,” to use a phrase from a May 23 Wall Street Journal report. Last month, the REIT—dubbed Blackstone Real Estate Income Trust Inc. and externally managed by an affiliate of private equity giant Blackstone Group (NYSE: BX)—reported it had amassed a staggering $755.4 million, which is roughly 41% of all the funds the entire non-traded REIT sector raised this year.

It looks like Blackstone Real Estate Income Trust has not yet acquired any senior living assets, though. As of March 31, 2017, the Blackstone REIT owned four properties and had four positions in commercial mortgage-backed securities (CMBS), according to a recent SEC filing. It also only operated in five reportable segments: multifamily, industrial, hotel, and retail properties, alongside investments in real estate-related securities.

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John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.