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Blackstone, Apollo, Kkr Take Market Hit On China Evergrande Tumult

by therealdeal.com posted 3weeks ago 3 views
Global investment firms with real estate holdings took a beating in markets on Monday as China Evergrande inched closer to missing interest payments on its debt. While global markets slumped, U.S. real estate stocks held their ground. Blackstone Group, the world’s largest landlord, dropped about 7 percent, as did Apollo Global Management and eXp World Holdings. KKR fell 6 percent while the Carlyle Group slid almost 8 percent. The Real Estate Select Sector Index, which The post Blackstone, Apollo, KKR take market hit on Evergrande tumult appeared first on The Real Deal New York.

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