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The additional investment heft adds enough bulk to approach the size of Blackstone, Apollo Global Management, and KKR. Industrial assets could make it a number 3 behind Blackstone and Prologis.
First it was dropping, now it's rising. No one can reliably predict where it's going.
As a result, average annual rent growth was 4.2%.
Bond traders are sending prices down, as yields rise.
Larry Summers and others say a 50-basis-point rate cut was a mistake.
Things are improving but still far off pre-pandemic baselines.
Blackstone's Jonathan Gray says improving values aren't enough to pull over-leveraged owners out of debt traps.
Technology can help identify problems, allow business to continue, and keep vital information at hand.
As the Federal Reserve balances price stability and full employment, predictions of the future are a matter of luck.
The argument is that the Fed could cut rates too much and overstimulates the economy.