The University of California invested $4 billion with Blackstone to buy up rental apartments and student housing, which they see as the bright spots in the real estate market this year

Jan 4 2023 by Business Insider

 
UC Berkeley Campanile Clock Tower and Bay Bridge at dusk.

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The University of California is investing $4 billion with Blackstone to acquire rentals and student housing. The global asset manager set a benchmark annualized return rate of 11.25% for the funds. UC's investment could be a case study for other cash-flush higher ed institutions.

The University of California is investing $4 billion in a real estate fund managed by private equity firm Blackstone to acquire rental...

Continue Reading The University of California invested $4 billion with Blackstone to buy up rental apartments and student housing, which they see as the bright spots in the real estate market this year