Blackstone-REIT ready to ‘play offence’ with US$14bil

Blackstone cemented its stature as a powerhouse in the real estate industry with the growth of B-REIT in recent years. — Reuters

NEW YORK: The Blackstone Inc real estate investment trust (B-REIT) that limited investor withdrawals after a surge in redemptions last year says it now has about US$14bil (RM59.7bil) of liquidity and is gearing up to hunt for deals.

“We have ample capital to play offence in a world where we think there’s going to be some interesting deployment opportunities,” Nadeem Meghji, Blackstone’s head of American real estate, said during a stockholders meeting for Blackstone Real Estate Income Trust.