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HOUSING & REAL ESTATE • UNITED STATES

Blackstone seeks $3 billion for real estate secondaries fund

1 SOURCES UNITED STATESNEW
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Blackstone is targeting a $3 billion fundraise to buy stakes in real estate assets, primarily in data centers, rental housing and industrial properties. The report identifies Blackstone Strategic Partners as the vehicle for the effort.

HOW THIS BRIEF WAS MADE 1 outlet: 1 trade press. Automated sourcing and summaries by the BLUF engine. Corrections

Why it matters

The fundraise could direct investment toward U.S. property sectors including housing and data centers, but the report does not specify how much capital would go to each sector or its likely effect on prices.

What happens next

Blackstone is seeking to raise the targeted amount; the report gives no fundraising deadline or progress update.

How much the fund ultimately raises

Which property sectors and assets receive investment