Blackstone gets $4 Billion for Reit from University of California

[J. Mitchell Bernier]

Blackstone just received an investment from the University of California for $4 Billion dollars to invest into their BREIT. Simple math says that if they purchased assets at a average price of $250K per unit that would be over 16,000 new homes. This is why I invest in smaller markets that don't have to worry about these massive players. 

Not to mention Blackstone is promising over an 11% annual return over the 6 year hold.... 

Interview below. 

Blackstone's Jon Gray breaks down 'massive' $4 billion BREIT investment from University of California (cnbc.com)