Credit Tightening an Opportunity: McCarthy

The video features Kathleen McCarthy discussing Blackstone's B Rep 10, a global opportunistic real estate fund. The fund focuses on high-quality real estate investments in sectors like logistics, rental housing, and data centers, benefiting from macro trends. Despite market dislocation, Blackstone sees opportunities due to constrained credit and rising rates. The fund is primarily institutional, with a strong track record. A comparison with B REIT highlights similar investment philosophies but different structures for individual investors.

What is the significance of B Rep 10 in Blackstone's series of real estate funds?

• It is the largest fund to date.

• It is the first fund in the series.

• It is a fund for retail investors only.

• It focuses solely on residential properties.

Which sector is NOT one of the five high conviction asset classes Blackstone focuses on?

• Warehouses

• Retail stores

• Rental housing

• Data centers

What is a key characteristic of the current investment environment according to Blackstone?

• Abundance of capital

• Sellers needing liquidity

• Low interest rates

• Scarcity of investment opportunities

Who are the primary investors in Blackstone's B Rep 10 fund?

• Real estate agents

• Individual retail investors

• Small business owners

• Institutional investors

How does Blackstone view the current credit situation?

• As a major obstacle

• As an opportunity

• As irrelevant

• As a minor inconvenience

What is a major difference between B Rep and B Reed funds?

• B Reed is for institutional investors only.

• B Rep has a shorter investment horizon.

• B Rep focuses on retail investors.

• B Reed offers semi-liquid investments.

What has been the performance of B Reed since its inception?

• 10% net IRR

• 8% net IRR

• 14% net IRR

• 12% net IRR