2min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

Get ready for a real estate collapse

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

Introduction

Blackstone announced it's selling at stake at MGM Mentally Bay to great assets located on the Vegas Strip for $5.5 billion. Blackstone is an alternative asset manager with about $900 billion in assets and management making it the largest private equity firm, if not very, very close. The company raised tens of billions of dollars by residential real estate properties and apartment buildings.

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