In an effort to preserve capital, money is finding it's way into RE. What better hedge against Inflation and as a bonus it pays dividends(rent) while you sit on it. Blackstone has been on a tear lately.
Blackstone Inc. is buying apartment owner Preferred Apartment Communities Inc.
The deal includes more than 40 rental apartment properties including 12,000 units in states including Florida, Tennessee and Georgia. Preferred Apartment also owns 54 grocery-anchored shopping centers.
https://www.bloomberg.com/news/articles/2022-02-16/blackston...
Blackstone Inc. is buying apartment owner Preferred Apartment Communities Inc. The deal includes more than 40 rental apartment properties including 12,000 units in states including Florida, Tennessee and Georgia. Preferred Apartment also owns 54 grocery-anchored shopping centers.