File under: 1) investing in inflationary times; 2) in residential, the end of the eviction freezes presented the opportunity for property-owners to write new leases and ask for more money.
From PitchBook, February 3:
The Carlyle Group reported a record $3 billion in net income for 2021, hauling in $648 million in the fourth quarter alone.
The Washington, DC-based private equity firm saw its real estate investments significantly outperform its PE investments in Q4, with returns of 11% and 6%, respectively, according to its latest earnings report. The firm reported its assets under management grew to $301 billion in Q4, up more than 22% year-over-year.
Carlyle's strong real estate performance mirrors the returns of Blackstone, which reported last week that its total real estate holdings climbed 19.2% and its private equity investments rose 4.8%....
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