Blackstone announced the final closing of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V (BREDS V), which has about $8 billion of total capital commitments.
Blackstone Real Estate Debt Strategies has around $77 billion of assets under management and over 170 professionals globally. And BREDS V has flexible capital to invest worldwide and is deploying capital across several strategies, such as global scale lending, liquid securities, structured solutions to financial institutions and corporate credit.
Blackstone’s real estate business was founded in 1991 and has $315 billion of investor capital under management. And Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office, and hospitality.
KEY QUOTES:
“We are extraordinarily appreciative of our investors for allocating this amount of capital during this period of market dislocation. We could not be more enthusiastic about the opportunities ahead and with the support of the largest owner of commercial real estate as well as the largest alternative real estate credit platform in the world, BREDS V is well-positioned to deliver in this attractive vintage.”
- Tim Johnson, Global Head of Blackstone Real Estate Debt Strategies
