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

The University of California is investing $4 billion in a real estate fund managed by private equity firm Blackstone to acquire rental and student housing, which both entities see as bright spots in the cooling US real estate market.

https://www.businessinsider.com/university-of-california-invests-4-billion-with-blackstone-2023-1?r=US&IR=T

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