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المشهد العربي
Blackstone to sell real estate fund stakes
Blackstone is working to facilitate the sale of secondary shares within the portfolio of one of its major real estate funds in the U.S. market, in an effort to address the negative impact of rising interest rates on the fund's returns, which has led to redemption requests from investors. The company is negotiating with potential buyers and has reduced management fees by 30% for investors who maintain their requests within certain limits, aiming to contain exit pressures. Blackstone’s real estate funds encompass a diverse range of assets, including industrial, office, and residential properties, with a particular focus on data centers and digital infrastructure.
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