The Blackstone Group L.P. (BX)
- Benzinga
Blackstone's BREIT Under Scrutiny Amid Allegations Of Instability, But Some Claims Are Dispelled
Blackstone Inc. created BREIT in 2017 to allow regular investors to invest in its real estate. The company called it a strategy to build long-term wealth across market cycles. It grew quickly by offering an annual dividend of about 4% at a time when interest rates were close to zero. BREIT focuses on industrial, student housing and data centers in Sun Belt markets. About 70% of its $59 billion portfolio is concentrated in Southern and Western states and is 95% occupied. But according to a Busine
- Bloomberg
Sony Plans Bid Versus Blackstone, KKR for $1.3 Billion Manga App
(Bloomberg) -- Sony Music Entertainment is preparing a bid against private equity funds Blackstone Inc. and KKR & Co. to acquire Japanese e-comics provider Infocom Corp. in a deal estimated to be worth around ¥200 billion ($1.3 billion).Most Read from BloombergBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVNovavax Soars on $1.2 Billion Sanofi Vaccine Licensing DealMa
- Bloomberg
Private Credit Stress Brings Anxiety, Opportunity to Milken
(Bloomberg) -- Private credit managers are bracing for an uptick in stress across corporate America as higher interest rates for longer mean some companies will struggle with their debt loads.Most Read from Bloomberg‘Seriously Underwater’ Home Mortgages Tick Up Across the USApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVMarjorie Taylor Greene Finally Got What She Deserved: DefeatMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsWall Street heavyweights gathered in Beverly
