Show notes
The Real Story Behind Blackstone's Real Estate Income Trust (BREIT)I (George) am doing a deep dive into the history and marketing of Blackstone's Real Estate Income Trust (BREIT), the potential financial reckonings and the broader marketing implications for the democratization of alternative assets.I'm revisiting a previous episode with Phil Bak following recent press about the fund and a revelation: the fund doesn't make FINANCIAL sense - it makes MARKETING sense!REFERENCESBusiness Insider: https://www.businessinsider.com/blackstone-breit-commercial-real-estate-fund-misled-investors-private-equity-2024-5New York Times: https://www.nytimes.com/2024/05/07/business/dealbook/blackstone-breit-fund-debate.html▶️ Full conversation with Phil Bak: https://www.youtube.com/watch?v=7oQKNcov-7I▶️ BREIT short video: https://www.youtube.com/watch?v=OBzk9HnpH2oTO GO FURTHER🧑🏽🎓 Alternative Investments Course: https://bit.ly/Alts_Invest📩 Newsletter on Democratization of Alternatives: https://bit.ly/3AxnyTYListen to the podcast: https://pod.link/1511595070AFFILIATE LINKWhat I use for editing: https://get.descript.com/1ldhm44pyr0p✨ **Subscribe for more in-depth analyses and industry insights!** ✨#Blackstone #BREIT #RealEstate #PrivateEquityTIMESTAMPS0:00 BREIT full00:24 BREIT's significance beyond its size and profitability02:22 Interview with Phil Bak in 202302:36 The issues and outlook for BREIT04:00 BREIT and the extraordinary University of California deal04:59 BREIT's liquidity issue07:42 Zooming on BREIT's NAV09:10 Tackling misconceptions about liquidity11:15 Are public valuations stupid?13:01 BREIT doesn't make financial sense14:57 BREIT is about marketing and user experience16:43 The missing reference: Netflix's House of Cards This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit investorama.substack.com
