Blackstone said it's dealing with floating rate debt, which we know has impaired many owners' ability to pay. Blackstone offered one of the most robust eviction moratoriums in the country. It lasted longer than federal protections and most state protections,. Maybe apart from LA, going two years in some cases without collecting a rent payment.
We all know the story: wealthy buyers flocked to pour money into homes in South Florida. But is the demand still there, given rising interest rates? The Real Deal's Deconstruct chats with TRD's residential bureau chief Katherine Kallergis about how the market has softened, but some are plowing ahead with exorbitant buys. Plus, Deconstruct chats about the Flatiron building, Chicago's upcoming election, Blackstone's multifamily loans and First Republic's balance sheet.
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Credits: CBS News