UNLOCK THE POWER OF THE VAULT

Will Blackstone build or buy a nontraded REIT business?

February 10, 2016

The firm could create its own REIT sponsor and wholesaler or take a run at an established one like NorthStar Asset Management Group Inc.

Feb 9, 2016 @ 1:10 pm | By Bruce Kelly | Investment News

With private equity giant The Blackstone Group potentially pushing its way into the nontraded real estate investment trust business, the question for many on Wall Street is whether Blackstone will make an acquisition of a current REIT sponsor and wholesaler or create its own.

Blackstone has tapped two senior wealth management executives to lead its new effort. They include Brendan Boyle, senior managing director, private wealth management distribution, and Joe Lohrer, managing director, private wealth management distribution.

Selling nontraded REITs would help get Blackstone in front of mainstream retail investors. Right now, it sells its private equity deals to institutions and the wealthiest clients at wirehouses.

Full Article Located Here

Print Friendly, PDF & Email
Go Back
James Darren Roberson
August 22, 2017 at The National, the annual NPH Educational Conference
August 28, 2017

I had no idea this service existed. I could have used it years ago! Great presentation and service!