I think for Blackstone, theres a lot more that can be said, particularly the formation of their real estate arm & its unique approach that has revolutionized how asset managers perceive real estate investing.
Regarding US payments, JP Koning makes the case that the modern payment systems available in the conventional financial system have improved more than is often appreciated (though not in the US it appears) ... . You can read his post here .. http://jpkoning.blogspot.com/2021/07/those-70s-ach-payments.html
Thanx for the interesting write-up on Blackstone! Hard to believe Gary knows more about CRE than Sam Zell and the fact that they sold half of the portfolio just two days after the transaction looks is hard to fathom, could it be that they dumped this into one of their other funds?
I think for Blackstone, theres a lot more that can be said, particularly the formation of their real estate arm & its unique approach that has revolutionized how asset managers perceive real estate investing.
Regarding US payments, JP Koning makes the case that the modern payment systems available in the conventional financial system have improved more than is often appreciated (though not in the US it appears) ... . You can read his post here .. http://jpkoning.blogspot.com/2021/07/those-70s-ach-payments.html
Thanx for the interesting write-up on Blackstone! Hard to believe Gary knows more about CRE than Sam Zell and the fact that they sold half of the portfolio just two days after the transaction looks is hard to fathom, could it be that they dumped this into one of their other funds?
No they didn't dump it into other funds - Harry Macklowe was the biggest buyer. Think of Blackstone's role here partly as a market maker.