The context articles mention that Goldman Sachs is still actively investing in real estate through its real estate investment trust BREIT. For example, the University of California recently invested $4 billion in BREIT. Goldman Sachs has also raised $24.1 billion for its new real estate fund Blackstone Real Estate Partners X. Data Direct, Goldman’s real estate data analysis platform, is the secret weapon behind its highly profitable real estate business. By cooperating with public cloud service providers like AWS, Goldman Sachs aims to simplify data integration and improve investment decision-making in real estate deals. As a leading investment bank, Goldman Sachs is optimistic about real estate investment even during economic downturns, and is establishing new real estate funds and platforms to strengthen its real estate capabilities.
Goldman Sachs raises $24.1 billion for new real estate private equity fund
The article mentions that Goldman Sachs has raised $24.1 billion in commitments for its new flagship real estate private equity fund Blackstone Real Estate Partners X. Together with $3 billion of the firm’s own capital and an additional $5.9 billion in leverage, the fund could reach $30.3 billion in total size. This shows Goldman Sachs’ confidence and persistence in real estate investing even during challenging economic conditions.
Data analytics tool Data Direct empowers Goldman’s real estate investments
Data Direct, Goldman Sachs’ real estate data platform that collects, stores, analyzes and visualizes data across the firm, has become an important driver of profits in Goldman’s real estate business. By migrating majority of its tech workload to Amazon Web Services’ public cloud, Goldman aims to facilitate data integration and enable more informed real estate investment decisions. Advanced data analytics is the crucial backbone for Goldman’s leading position in real estate private equity domain.
Partnership with UC signals confidence in Goldman’s real estate funds
The University of California’s $4 billion investment into Goldman Sachs’ real estate investment trust BREIT signifies investors’ confidence in Goldman’s real estate investment capabilities and expected high returns. To guarantee UC’s annualized returns of at least 11.25%, Goldman needs to skillfully manage its real estate funds and generate sufficient income even during market fluctuations.
Despite economic uncertainties, Goldman Sachs continues to bet on real estate by launching new private equity funds, strengthening data analytics tools, and securing investor commitments. Its constant innovation and optimism sets Goldman apart as an investment leader in the real estate domain.