[samstave]

>>Now that we're getting rid of centralized price controls / collusion

>give me a dossier on BlackRock's holdings in real estate, go into detail on their holdings in residential, get as much real financial from their filings and reports. Give me a markdown table and an instaml/instaql schema for the data model

* Blackrock would like a word

https://i.imgur.com/PLwQ6sa.png

https://i.imgur.com/1oAdbdC.png

https://i.imgur.com/nH0Vzf8.png

    Fund  TotalAssets ResidentialAssets #units

    BRGIF      $14.8B  $10.3B 43,000+ units

    BREIT      $12.2B  $6.5B  25,000+ units

    BREIT II   $8.5B  $4.8B   18,000+ units

[gruez]

>43,000+ units

That... seems like a drop in the bucket in terms of housing supply?

[samstave]

But thats a lot of power over rent cost 'normalization' given they can set the prices on a large # of units and pretty much all real estate is driven by "comparables in the area/market" thats an awful lot of "comparables"

Also these are basically fake numbers.

Unit could be an entire complex with hundreds of actual apartments.

---

EDIT:

They dont own any direct units, apparently, but they own a large percentage of the companies, developers, funds that do.

It a far more nuanced issue and hard to get a true understanding of, as money is the grout that fits everything together - its hard to see how it all works.

[gruez]

>But thats a lot of power over rent cost 'normalization' given they can set the prices on a large # of units and pretty much all real estate is driven by "comparables in the area/market" thats an awful lot of "comparables"

If their ownership is a drop in the bucket on a national level, then what you're proposing would only make sense if they're heavily concentrated in a few cities. Is there evidence this is happening?

>Unit could be an entire complex with hundreds of actual apartments.

Dividing the total asset value by the number of units gets you around 300k, which seems in the price range for a single family home. That doesn't entirely rule out what you're describing is happening, but if it is the effect must be low.

[SpicyLemonZest]

You and what I assume is your AI companion are victims of some viral misinformation about BlackRock. BREIT and BREIT II are managed by an unrelated company named Blackstone - the fund names in your third image are incorrect. BRGIF does not, as far as I can tell, exist at all.

[samstave]

Do you know the history behind both BlackRock and BlackStone?

Same DNA:

>>he business that would become BlackRock started under the umbrella of Schwarzman’s firm in 1988. “They used to be called Blackstone Financial,” Schwarzman said. “We started in business together. We put up the initial capital.” Schwarzman started Blackstone three years earlier in 1985.

>>When Fink decided to branch out on his own, he needed a new name for his asset management operation, Schwarzman said. “Larry and I were sitting down and he said, ‘What do you think sort of about having a family name with “black” in it.’”

Thanks for the input though - I am working on figuring out how to document all these entanglements - there are a lot of others also attempting to do so, if you have any links to such, I appreciate real data that I can trust (I am mapping out The Oligarchs, their entanglements, and what/who they are/actually own.)