Blackstone’s BREIT Ready to ‘Play Offense’ With $14 Billion
- BREIT has ample liquidity for opportunities, Meghji says
- Trust is talking to ‘motivated sellers,’ eyeing data centers
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The Blackstone Inc. real estate investment trust that limited investor withdrawals after a surge in redemptions last year said it now has about $14 billion of liquidity and is gearing up to hunt for deals.
“We have ample capital to play offense in a world where we think there’s going to be some interesting deployment opportunities,” Nadeem Meghji, Blackstone’s head of Americas real estate, said Tuesday during a stockholders meeting for Blackstone Real Estate Income Trust.