Private Equity Raises Real Estate Money Too Fast to Spend It
- U.S. dry-powder stockpile soars 11% to a record $287.8 billion
- Blackstone deploys $25.3 billion while raising $33.5 billion
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Private equity real estate investors are raising money faster than they can spend it.
U.S. funds have amassed a record $287.8 billion for commercial-property deals, according to Preqin. That’s up 11% from a year earlier and 57% more than at the end of 2019.