Blackstone is Buying REITs Hand Over Fist

Summary

  • Blackstone Group has been on an aggressive REIT buying spree in the last few years.
  • The asset manager is buying so aggressively because REIT valuations are significantly below the private market valuations of their real estate.
  • We take a look at two attractive REITs trading significantly below their net asset values.
  • Looking for more investing ideas like this one? Get them exclusively at High Yield Landlord.

Asset management giant Blackstone (BX) boasts a portfolio of assets under management reaching nearly $1 trillion, made up largely of real estate. The asset manager partners with big money players like pension funds and insurance companies to provide strong returns and steady income.

Though Blackstone sometimes acquires individual real estate properties, such as The Bellagio in Las Vegas, it more often seeks opportunities to scoop up whole portfolios that will move the needle. This year, the company has set its sights, particularly on acquisitions of real estate investment trusts (“REITs”). Click to read more at www.seekingalpha.com.