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Private Equity Firms Are Buying Up Real Estate In These Areas
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“The once-in-a-decade opportunity for real estate equity investors is complex but also exciting. It’s time to start thinking of fear as a friend.”
As much as I wish I had said this, I did not. This came from the pen (and mind) of KKR‘s Ralph Rosenberg, the global head of real estate, in a report he released in April.
It mirrors what Jon Gray of Blackstone said earlier this year. Gray is the CEO of Blackstone but, prior to this, was the head of global real estate for the firm. He oversaw real estate dealmaking all over the world and helped Blackstone become one of the largest owners of real estate in the world today.
On the year-end earnings call, Gray told analysts, “We believe values in commercial real estate are bottoming.” He added, “We are, of course, not waiting for the all-clear sign and believe the best investments are made during times of uncertainty.”
KKR and Blackstone are not alone. Here’s where the private equity giants are looking to make a fortune in real estate investments…
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