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Blackstone leads non-traded REIT charge

Blackstone president Tony James is not afraid of competition.

After the real estate giant launched its non-traded real estate investment trust, Blackstone Real Estate Investment Trust, in January, its peers have been following suit: Starwood Capital Group, which filed a registration form in October; CIM Group, which acquired Cole Capital, a long-time sponsor of non-traded REITs, in November; and TH Real Estate, which is planning to register a vehicle in the coming months.

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