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المشهد العربي
Blackstone plans to sell its real estate fund shares
Blackstone is working to facilitate the secondary sale of its stakes in one of its major real estate funds in the U.S. market, aiming to mitigate the impact of rising interest rates on the fund’s returns. This has led to increased investor requests to redeem their funds. The company is currently negotiating with potential buyers and investors, while offering a 30% reduction in management fees for investors who adhere to predetermined restrictions, in an effort to contain withdrawal pressures. The real estate assets managed by Blackstone vary across industrial, office, and residential properties, with an increasing share of data centers and digital infrastructure.
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