Rental Behemoth, Blackstone, Gets Bigger and Bigger – With Big Help

In the past couple of weeks, single family home institutional owner Blackstone, has accomplished two major coups that are almost certain to set the tone for the single family home rental market for the foreseeable future

Attention Real Estate Industry Pros: Your Future Is In Jeopardy!

Real estate brokers, agents, home builders and lenders – we’re talking to you!

Blackstone, Lone Star, and Starwood Eye Commerzbank UK Portfolio

In UK property news, Blackstone, Lone Star, and Starwood are reportedly interested in bidding on a huge UK portfolio of property loan bank Commerzbank AG’. If the deal bidding is won at the suggested level of £5 billion, it would be the largest portfolio of assets of a kind sold in Europe since the 2oo8 financial crisis began.

DiamondRock Hospitality Closes on Premium Hotels

DiamondRock Hospitality Company ( DRH) announced yesterday their completed acquisition of four hotels from affiliates of Blackstone Real Estate Partners VI. The reported purchase price was $495 million, which paid for Hilton Boston Downtown, the Westin Washington D.C. City Center, the Hilton Burlington, and the Westin San Diego. According to the news, Goldman, Sachs & Co. and BofA Merrill Lynch advised on the deal.

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