From: Reuters
Published April 1, 2008 10:17 AM

Blackstone raises $10.9 billion real estate fund

NEW YORK (Reuters) - Private equity and real estate firm Blackstone Group <BX.N> said on Tuesday it raised $10.9 billion to invest in real estate, and said there should be attractive investment opportunities ahead.

Blackstone said it had raised a total of nine real estate funds with total capital commitments of $25.7 billion. The fund it just closed is called Blackstone Real Estate Partners VI.

Previous real estate investments Blackstone has made include Equity Office Properties and Hilton Hotels Corp.

(Reporting by Megan Davies, editing by Gerald E. McCormick)


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