Blackstone Group is throwing in the towel on a mortgage-backed securities fund. The company is winding down the Blackstone Real Estate Income Master Fund, which realized a 24 percent decline when the coronavirus struck in March, according to Bloomberg. In a filing, Blackstone said closing the fund would provide its shareholders with cash and the “best path to maximize portfolio recovery.” At the start of the year, the fund had $687 million in commercial mortgage-backed
source https://therealdeal.com/2020/07/15/blackstone-says-goodbye-to-cmbs-fund/
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