At the Blackstone third quarter performance announcement conference call, they emphasized that there is a big opportunity in the real estate loan market. A vacuum has been created in the capital markets as traditional lending institutions have faced difficulties in the aftermath of the interest rate hikes. This is a good opportunity to grow loan funds due to investor preference for loan investment exactly because of the higher interest rates. Although it is a difficult environment to raise money, funds continue to flow into Blackstone’s real estate loan fund BREDS (Blackstone Real Estate Debt Strategies). By the third quarter of this year, BREDS had raised USD 13.328 billion, close to […]