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Blackstone Inc. - $BX STOCK NEWS

Welcome to our dedicated page for Blackstone news (Ticker: $BX), a resource for investors and traders seeking the latest updates and insights on Blackstone stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Blackstone's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Blackstone's position in the market.

Rhea-AI Summary

Blackstone (BX) appoints Philip Sherrill as Global Head of Insurance, focusing on growing the firm's insurance platform globally, leveraging scale to serve clients and drive performance. The platform has tripled in size since 2020, exceeding $200 billion in assets under management. Sherrill brings extensive experience from Global Atlantic Financial Group and Goldman Sachs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
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management
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Rhea-AI Summary

Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust, Inc. have completed the privatization of Tricon Residential Inc. for a total equity transaction value of $3.5 billion. Tricon remains committed to developing new single-family homes and apartments in the U.S. and Canada, with plans to invest $1 billion in capital projects. The partnership aims to enhance the quality of existing homes and provide affordable housing. The transaction involves a cash offer of $11.25 per Common Share. Blackstone will maintain an 11.6% ownership stake post-closing. The Common Shares are expected to be de-listed from NYSE and TSX on May 2, 2024, with Tricon ceasing to be a reporting issuer. Detailed information on the Transaction is available in the Circular and on SEDAR+ and SEC websites.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
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Rhea-AI Summary
KKR, in partnership with BREIT, is set to acquire a $1.64 billion student housing portfolio consisting of 19 properties across 10 states from BREIT. The acquisition includes over 10,000 beds anchored to 14 leading universities, emphasizing long-term conviction in the student housing sector. The transaction showcases strong demand for high-quality assets in attractive markets, expanding KKR's portfolio in the real estate sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
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Rhea-AI Summary
Blackstone appoints Dan Leiter as Head of International for Blackstone Credit and Insurance, aiming to expand their presence in EMEA and APAC. The company manages $420 billion in assets across various credit markets, with a focus on investment management services for insurers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
management
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Rhea-AI Summary
Blackstone is set to acquire Tropical Smoothie Cafe from Levine Leichtman Capital Partners to aid in the cafe's rapid expansion. The acquisition aims to drive growth through investment in menu innovation, operational excellence, and marketing. Tropical Smoothie Cafe, founded in 1997, has over 1,400 locations across 44 states, with a focus on smoothies and food offerings. Blackstone's track record in franchisor growth, such as Hilton Hotels and SERVPRO, supports their strategy to propel Tropical Smoothie Cafe's success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
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Rhea-AI Summary
Blackstone (BX) to Acquire AIR Communities (AIRC) for $10 Billion, Investing $400 Million in Portfolio Enhancement
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Rhea-AI Sentiment
End-of-Day
22.42%
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Rhea-AI Summary
Rexford Industrial Realty, Inc. acquires 3 million sq ft of industrial properties in Southern California from Blackstone for $1.0 billion. The portfolio includes 48 properties with an average price of $332 per sq ft, generating a 4.7% initial cash yield and 5.6% stabilized cash yield. The investments were funded through senior note offerings and cash on hand, strengthening the company's position in the high-demand industrial market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
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Rhea-AI Summary
Blackstone Life Sciences partners with Moderna to invest $750 million in mRNA technology for influenza program, aiming to advance vaccine development and impact human health.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
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Rhea-AI Summary
Certified Collectibles Group (CCG) has entered into a definitive agreement to acquire James Spence Authentication (JSA), a leader in autograph authentication. The merger aims to provide seamless authentication, grading, and encapsulation services for collectors. CCG, a Blackstone portfolio company, and JSA, known for their extensive autograph database and expertise, will continue offering world-class services to collectors and dealers worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.05%
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Rhea-AI Summary
Blackstone Credit & Insurance (BXCI) and Aligned Data Centers announce a strategic partnership with a $600 million credit facility for a new data center in Utah. The partnership aims to support Aligned's growth and meet global customer demands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
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Blackstone Inc.

NYSE:BX

BX Rankings

BX Stock Data

91.31B
711.09M
1.02%
71.19%
2.55%
Portfolio Management
Finance and Insurance
Link
United States of America
NEW YORK

About BX

blackstone is the world’s largest alternative asset manager. we seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. we do this by using extraordinary people and flexible capital to help companies solve problems. our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. further information is available at www.blackstone.com. follow blackstone on twitter @blackstone.