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Blackstone's headquarters at 345 Park Ave. in Manhattan Blackstone’s headquarters at 345 Park Ave. in Manhattan

NEW YORK CITY—Blackstone Group is expected to close a $20 billion real estate fund in Q1 2019, for all but some smaller retail investors, according to the Wall Street Journal. The WSJ reported that the amount raised from US and international pension funds, foreign governments and wealthy individuals is more than double of any fund ever raised by a competitor, according to the financial data firm, Preqin.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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