Property is super hot on everyone’s radar. Investors are putting their money into the biggest real estate funds out there, confident in their returns. The top three funds are: Blackstone, Starwood and Lone Star. Blackstone, the largest of all, gives annual returns of 18% after fees since the fund began in 1992. They just raised another $14.5 bn and, part of that went to the very newsworthy purchase of the Willis Tower in Chicago. Starwood recently raised $5.6 bn and Lonestar raised $5.5, and could have raised more. The world is going property!
Read the entire article at the Wall Street Journal.