{"id":1004351810,"date":"2019-09-12T03:57:54","date_gmt":"2019-09-12T11:57:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004351810"},"modified":"2022-03-03T19:46:20","modified_gmt":"2022-03-04T03:46:20","slug":"blackstone-closes-largest-real-estate-fund-ever-raised","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-largest-real-estate-fund-ever-raised\/","title":{"rendered":"Blackstone Closes Largest Real Estate Fund Ever Raised"},"content":{"rendered":"
\"\"<\/a>

Image via Pixabay<\/em><\/p><\/div>\n

Blackstone has closed its latest global real estate fund, Blackstone Real Estate Partners IX. At $20.5 billion in total capital commitments, the amount is the largest ever raised, surpassing the company\u2019s previous fund of $16.4 billion, closed in April 2015.<\/p>\n

Blackstone has also announced the first and largest investment\u2014the purchase of Global Logistic Properties\u2019 U.S. industrial assets valued at approximately $19 billion<\/a>. The deal is expected to close in the coming weeks. The company is also investing in two other regional opportunistic funds in Europe and Asia\u2014BREP Europe V (\u20ac7.9 billion or $8.7 billion) and BREP Asia II ($7.2 billion).  <\/p>\n

In a January interview with Commercial Property Executive<\/em>, Mehgan Neenan, managing director & North American head of Non-Bank Financial Institutions at Fitch Group, pointed out that Blackstone has been taking advantage<\/a> of attractive opportunities available at this late period in the economic cycle. After a more temperate year for CRE fund-raising\u2014with $118 billion raised in 2018, down $14 billion from 2017\u2014Neenan predicted this year to be even more challenging for investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blackstone Real Estate Partners IX has raised $20.5 billion in total capital commitments, with the largest investment placed in Global Logistic Properties\u2019 U.S. industrial portfolio. <\/p>\n","protected":false},"author":30,"featured_media":1004328587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21783,23891,21742],"tags":[46979,33822,33129],"class_list":["post-1004351810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-investment","category-national","category-latest","tag-blackstone-real-estate-partners-ix","tag-glp","tag-the-blackstone-group"],"acf":[],"yoast_head":"\nBlackstone Closes Largest Real Estate Fund Ever Raised - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-largest-real-estate-fund-ever-raised\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Closes Largest Real Estate Fund Ever Raised\" \/>\n<meta property=\"og:description\" content=\"Blackstone Real Estate Partners IX has raised $20.5 billion in total capital commitments, with the largest investment placed in Global Logistic Properties\u2019 U.S. industrial portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-largest-real-estate-fund-ever-raised\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-12T11:57:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T03:46:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/industrial-news-02.-Image-via-Pixabay.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-largest-real-estate-fund-ever-raised\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-largest-real-estate-fund-ever-raised\/\",\"name\":\"Blackstone Closes Largest Real Estate Fund Ever Raised - 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