Institutional Real Estate's Bold Moves
April 10, 2024
In this edition of Above the Line, we see institutional players making substantial bets in the midst of an evolving operational paradigm. From the DOJ's intervention in NAR's commission lawsuit to Blackstone's monumental multifamily acquisition and Blue Owl Capital's expansion into real estate financing, the times are changing.
Let's dive in.
DOJ to Challenge NAR’s Settlement in Landmark Commission Lawsuit
HousingWire
The Department of Justice is set to intervene in the National Association of Realtors’ settlement over commission lawsuits, targeting the off-MLS compensation workaround and potentially reshaping commission policies industry-wide.
Blackstone's $10 Billion Bet on Multifamily Real Estate
The Wall Street Journal
Blackstone signals a bullish stance on the multifamily market with a $10 billion acquisition of AIR Communities, marking its largest investment in the sector amidst a broader commercial real estate recovery.
Blue Owl Capital Dives into Real Estate Financing with $170 Million Acquisition
Reuters
In a strategic move, Blue Owl Capital ventures into real estate financing by acquiring Prima Capital Advisors, highlighting a shift towards alternative lending amidst a backdrop of traditional banks retreating from the market.