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Blackstone’s headquarters in Midtown Manhattan

NEW YORK—Blackstone announced the final close of its latest global real estate fund, Blackstone Real Estate Partners IX, with $20.5 billion of total capital commitments. It is the largest real estate fund ever raised, according to the firm. The closing solidifies Blackstone’s reputation as a prolific fundraiser for commercial real estate assets. The previous record for a top CRE fund was $15.8 billion, which Blackstone closed in 2015, according to Preqin.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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