Blackstone’s bet on logistics facilities and life sciences continues to pay off despite the broader headwinds facing commercial real estate. The New York-based investment manager reported in its third-quarter earnings call that net income increased to $794.7 million in the third quarter, from $779.4 million the previous year. The company’s fee-related earnings from its real estate assets increased to $283 million, from $187 million during the same time period. Blackstone’s total assets under management increased
source https://therealdeal.com/2020/10/28/blackstone-earnings-are-up-despite-commercial-real-estate-woes/
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