Blackstone allegedly loses over $600m on a single housing portfolio

by

Per Grok:
Blackstone bought ~90 senior housing properties (9K units) for $1.8B in 2016-17, planning to upgrade and resell. Pandemic reduced demand, high interest rates hit their $1.2B debt, and labor costs rose, leading to >$600M losses. Sold ~70 by late 2025 at discounts up to 75% (e.g., Aventura facility). Remaining sales ongoing; no major updates in early 2026.

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.