Blackstone missed a $195 million loan deadline for the former Schwab headquarters in San Francisco. The loan is now in special servicing with modifications underway. Blackstone manages over $1 trillion in assets under management, recently providing a $2 billion financing package to Park Place Technologies and acquiring AIR Communities for $10 billion to expand its multifamily property portfolio.
Blackstone just dropped $10 Billion on multifamily properties 😮 They're on the offense. They agreed to acquire AIR Communities, an owner of 76 upscale coastal apartment buildings in Miami, LA and Boston... https://t.co/JDEjD9LQr5
Blackstone led a roughly $2 billion financing package to Park Place Technologies to refinance debt and fund a payout to its private equity owners. https://t.co/Ca8StLlMbi via @markets #PrivateCredit #PrivateEquity
Blackstone manages over $1 Trillion in AUM But early on, founder Steve Schwarzman insisted on asset management fees on perpetual capital Why you may ask? Yesterday, I shared why this is so important, for any investment firm If you missed it, check it out 👇
Blackstone’s Loan on Schwab Building Hits Special Servicing, Modification Underway – Commercial Observer #CMBS https://t.co/FR2AHyXM7O
Blackstone misses $195M loan deadline for former Schwab HQ in San Francisco https://t.co/UOgC0Uk1Md