Private equity firm Blackstone Group's most recent results show the double-edged sword of the pandemic: While the fallout has dropped its own real estate investment values, its $21 billion in cash set aside for U.S. real estate can help it take advantage of falling prices on property it doesn't already own.
Blackstone Looks to Its $21 Billion Set Aside to Buy US Property as Values Fall
Private Equity Firm Says Decline of Its Own Real Estate Funds Shows It May Find Bargains
CoStar News
April 23, 2020 | 6:21 P.M.
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