3min 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

Blackstone's 5.5 Billion Dollars in a Pocket

2 billion just in Blackstone's Breet Fund alone a month was going into it. The broker who sold his private REIT is getting 5%. The fund is making 1.25% magic fees plus of the past couple of years 12 and a half percent performance fee, which really, really eats into returns. But it's safe. It's real estate. Where do we hear this before? I think I heard this in 2004 to 2007 pre-credit crisis. You have nothing to worry about. Now it rates surging. Real estate prices starting to collapse. Those returns suck right now. And everyone is asking for their money back. So that's why you saw so much Mike 2 billion

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode