This content is from: Innovation
Blackstone Raises $3B For RE Fund
Blackstone has secured about $3 billion for a new real estate fund.
Blackstone has secured about $3 billion for a new real estate fund, The Wall Street Journal reports. The private equity firm is planning to raise $10 billion for the vehicle.
The firm is expecting a first closing for its seventh real-estate fund in the third quarter of 2011. Separately, the firm acquired the U.S. malls of Centro Properties Group for $9.4 billion in 2011.
Click here for the story from The Wall Street Journal.