Blackstone Gets Foreclosed On

Blackstone, the giant investment firm usually lending money, is now facing foreclosure on a North Dallas apartment complex — a wild reversal showing even market titans can’t escape real estate’s brutal swings. Bought in 2021 amid a housing boom, the property’s value plummeted as new supply crushed rents, especially for older units. Meanwhile, Blackstone’s own portfolio is reeling — a Chicago office building defaulted on a massive loan from them, and they’ve already foreclosed on another Dallas firm. With a $90 million loan at stake and auction looming in July, this episode proves no one’s immune when supply outpaces demand. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3424fc6fa6e57e2e