Blackstone Real Estate Executive Says Bidders Are Returning

Liquidity is coming back to the real estate market, with high-quality assets drawing more bidders than even a few months ago, according to Blackstone Inc.’s global co-head of real estate.

“When you take an apartment building out to market today, we see three times as many bidders as we saw only six months ago,” Nadeem Meghji said Thursday in an interview with Bloomberg Television. “Buyers are seeing the cost of capital come down, and they’re seeing new supply come down. Liquidity is coming back into the private market.”