To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionFire & Police Pension Association of Colorado contributes $25m to Blackstone Real Estate Partners X
The Fire & Police Pension Association (FPPA) of Colorado has approved a $25 million commitment to Blackstone Real Estate Partners X (BREP X).
BREP X is the latest in the series of Blackstone’s global flagship real estate funds. The fund will construct a diversified portfolio of real estate and real estate-related assets globally. In July, the fund surpassed $24.1 billion on its way to reaching an estimated target of $30.3 billion when it is finalized, according to the Wall Street Journal.
The investment will follow FPPA’s strategy of acquiring undermanaged, well-located assets across North America in large, complicated situations where competition is limited. FPPA has a long history with Blackstone and has committed to six previous BREP funds.
For more information about this commitment or others, visit the IREI.Q database.
