What I'm Reading Pacman: BREIT is buying another giant operating platform. This time, its industrial investor PS Business Parks, which will be purchased for $7.6 billion. Business Wire Permanent capital continues to eat the (commercial real estate) world. Race to the Bottom: Companies keep paring down their demands for days...
February 17th – Tale of the Tape
What I'm Reading Tale of the Tape: Mortgage debt as a percentage of GDP sits just below 50%, high on a historical basis but nowhere near GFC levels of over 70%. Calculated Risk Roll Up: Blackstone's BREIT purchased Sunbelt rental apartment owner Preferred Apartment Communities in a 5.8 billion deal. ...