By Andrew Augustyniak | Peoples Mortgage Company
I hope everyone’s first quarter has turned out to be an accomplishment. As this market continues to evolve, I am seeing more and more deals being made. As the saying goes, with adversity comes opportunity. Blackstone, one of the world’s largest alternative asset managers, recently announced its plans to raise $30 billion for its latest real estate fund. The move signals an interesting amount of confidence in the real estate market, which has been booming despite the recent slowdown.
Blackstone’s real estate portfolio already includes a wide range of properties, and with this new fund, it sounds like the company aims to expand its footprint in the residential sector and pursue opportunities in emerging markets. According to the CEO, the fund will focus on acquiring high-quality assets in key markets around the world. He had this to say, which all investors should take note of. “We see significant opportunities ahead to invest in resilient assets at attractive valuations, and these funds will allow us to do so on a scale.” As always, other “experts,” whoever they are, have raised concerns about the potential risks of investing such a large sum of money in real estate, but obviously, Blackstone is on a totally different wavelength.
How does this pertain to Arizona? Overall, the Arizona market is highly dynamic and a competitive environment compared to states further east. Buyers and investors should be prepared to act quickly on an opportunity as they come. While affordability may be a concern for some, the overall strength of the state’s economy and housing market suggests that Arizona will remain a solid investment for years to come.
If you have any questions pertaining to your buying power, investor loans, asset-based loans, and everything else. Please let us know, as we are happy to help!
|ANDREW AUGUSTYNIAK Branch Manager/Loan Officer
Call or Text: 480.735.4095
3303 S Lindsay Rd, Bldg. 2, Suite 104, Gilbert, AZ 85297
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|LO Licensing: AZ LO-0921752 CA-DBO911628 OR WA-MLO-911628 NMLS-911628 Company Licensing: Peoples Mortgage Company, A DBA of Moria Development, Inc. AZ BK-0904164 California – FLL603L266 / RMLA4130661, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act : www.peoplesmortgage.com/privacy-policy OR-ML-5111 WA-CL-6274 NMLS-6274|