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Blackstone REIT Raises $1.2 Billion From Global Investors

New Capital Follows Record Fundraising in January
Blackstone Real Estate Income Trust acquired the MGM Grand and Mandalay Bay casinos in Las Vegas last month for $4.6 billion. (CoStar)
Blackstone Real Estate Income Trust acquired the MGM Grand and Mandalay Bay casinos in Las Vegas last month for $4.6 billion. (CoStar)
CoStar News
February 24, 2020 | 11:34 P.M.

A subsidiary of private equity giant Blackstone Group landed another $1.2 billion in new capital, just a few weeks after reporting the highest monthly fundraising total by a single nontraded real estate investment trust.

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