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Blackstone Bets $50 Billion That Real Estate’s Long Winter Is Ending

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The alternative asset giant delivered its best quarter ever, but its real estate portfolio—down 16 percent since the rate cycle began—is only now showing signs of life. Executives point to collapsing construction starts and data center demand as catalysts for recovery. Blackstone Inc. delivered the best quarter in its 40-year history, yet its massive real […]

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