Blackstone Group To Close Cmbs Fund

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Blackstone Group is throwing in the towel on a mortgage-backed securities fund. The company is winding down the Blackstone Real Estate Income Master Fund, which realized a 24 percent decline when the coronavirus struck in March, according to Bloomberg. In a filing, Blackstone said closing the fund would provide its shareholders with cash and the “best path to maximize portfolio recovery.” The fund will continue to be actively managed until it is liquidated. Blackstone said The post Blackstone says goodbye to CMBS fund appeared first on The Real Deal New York.

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