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Home Commercial Blackstone Says Rising Rates Hit Apartments Hardest as Data Centers Carry Q3 Real Estate Book
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Blackstone Says Rising Rates Hit Apartments Hardest as Data Centers Carry Q3 Real Estate Book

October 23, 20263 Mins read10
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Apartment buildings in Seattle with the Space Needle in the background
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Blackstone told investors that its multifamily holdings absorbed the heaviest blow from widening cap rates in a third quarter marked by the sharpest bond-yield spike in decades, even as data center and logistics leasing kept the firm's broader real estate portfolio in positive territory in its newest funds.

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