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By Ryan Strauser, Senior Vice President, Product Management for Black Creek Group
The market volatility experienced during the COVID-19 era has caused .
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2020 was a challenging year, to say the least. The real estate industry continues to feel the effects of the global COVID-19 pandemic and subsequent economic consequences going into 2021 as industry leaders are still assessing what has been lost, as well as what new opportunities lie ahead as the world slowly emerges from a socially-distanced reality. Although this year’s 14th Annual Real Estate Capital Markets (RECM) Conference, hosted by Goodwin and Columbia Business School, was held virtually, guests were still given the same dynamic experience with a global representation of speakers who led sessions about the state of the real estate capital markets, global capital flows, impact and responsible investing, as well as a market-focused session on the hospitality sector.
(Bloomberg) Real-estate bosses at Blackstone Group Inc. quietly smiled when Britain’s biggest-selling tabloid unwittingly endorsed their largest European real estate deal since the pandemic.The Sun’s front page teased readers that foreign travel curbs meant they’d be splashing their cash at the much-maligned seaside town of Bognor Regis this year. Less than two weeks earlier, it had emerged Blackstone was in talks to spend about 900 million pounds ($1.3 billion) on a majority stake in the owner of Butlins, which has run a popular holiday park in the south-England town for 60 years.The private equity giant is leading cash-rich peers including Lone Star and KKR & Co. in preparing for a world beyond the pandemic as the rollout of vaccines hints at commercial properties stirring back to life. Buyout firms’ global real estate funds are now sitting on more than $300 billion of unspent cash, according to Preqin data.“There is a lot of money on the sid
Private equity has US$300B war chest for COVID-hit property bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.