Blackstone Buys America’s Most Iconic Skyscraper With Rent Collected As “America’s Landlord”

Tyler Durden’s pictureSubmitted by Tyler Durden on 03/08/2015 21:50 -0400

As we’ve noted previously, the post-crisis, Fed-subsidized rush to acquire distressed real estate resulted in none other than Blackstone becoming the US’s largest landlord. The giant PE firm — which borrowed $3.6 billion in seed money from Deutsche Bank to get its real estate empire up and running — accumulated a portfolio of some 50,000 single family homes after spending billions buying foreclosures at bank auctions. The properties were quickly converted to rental units and the rent checks were (naturally) securitized into the first ever rental-home-backed-securities. All of this has had the predictably sad effect of driving down US home ownership and driving up rents.

More recently, Blackstone introduced the “landlord loan” wherein the firm lends prospective real estate speculators cash to buy homes, then securitizes the loans. Deutsche Bank intends to bring the first landlord-loan-backed securities to market over next several weeks.

Now we learn that the firm, whose real estate ambitions apparently know no bounds, is set to buy Chicago’s Willis Tower (formerly the Sears Tower) in a deal worth some $1.5 billion.

Via WSJ:

Private equity giant Blackstone Group LP is in advanced discussions to buy the Willis Tower in Chicago, the country’s second-tallest skyscraper, for about $1.5 billion according to a person briefed on the talks.

If completed, it would be by far the highest price paid ever for a building in Chicago, and well above the $841 million that the iconic black tower—formerly known as the Sears Tower—last traded for in 2004 when it was sold to a group that includes New York investors Joseph Chetrit and Joseph Moinian…

The 1,451-foot tower is often viewed within Chicago as second-tier real estate despite its soaring views and height, given that much of the city’s top-quality property is concentrated on the other side of the Chicago River and closer to Lake Michigan.

The potential deal with Blackstone, reported Friday evening by Crain’s Chicago Business, comes as the ownership group has long been eyeing a sale.


The bottom line: Wall Street destroyed the housing market, waited for prices to collapse, stepped in and bought up all of the foreclosures turning a nation of homeowners into a nation of renters in the process, securitized rental cash flows, and used the proceeds to buy the nation’s second largest skyscraper.

CEO Stephen Schwarzman made $690 million last year.


  • theunhivedmind

    I should remind you that New Venice (Britain) attacked America on 9/11 with air attacks executed by the Royal Canadian Air Force teamed with Master Trust Bombardier. The days events were ordered by Prince Charles and the Most Honourable Military Order of the Bath and planned by members within the Guild of Air Pilots and Air Navigators (now known as the Honourable Company of Air Pilots) with connection to the Worshipful Company of World Traders and the Worshipful Company of Shipwrights (Pentagon missile attack). The taking over of U.S power was executed from the Continuity of Government servers by the North Atlantic Treaty Organization through the PKI system out from Washington D.C and into Chicago, Illinois just prior to then re-routing it to the UK Ministry of Defence under Geoff Hoon.

    Please make a note that former Nazi SS & present DVD spokesman George H.W Scherff (Bushfraud) was promoted into the Honourable Military Order of the Bath by Prince Charles after the 9/11 attacks took place. I can tell you that New Venice had the family of Carl M. Marcy and the Senior Executive Service create Al-Qaeda out of Chicago using the Small Business Administrations 8(a) program. So as you can see we have a big Chicago connection and this is probably the most corrupt city in the United States. I should also remind you that the TeWu Chinese run all the China white and organ trafficking in and out of Chicago over the whole of North America. Do not be fooled by the British propaganda against the Triads, this asian organized crime is mastered by British MI6.

    The Blackstone Group is another more legitimate looking front (just like the Olive Group) for British Intelligence no different to how Fox News is a propaganda spy-nest. Lets not forget that British MI6 created both the Central Intelligence Service (OSS/Nazi SS) and the Israeli Institute aka MOSSAD thanks to Sir William Stephenson and others. So now if you notice the dreaded Sears Tower at zip-code 666 being overtly bought by New Venice then its highly likely at some point we may see some action in the form of a false-flag at this very location. I should warn you that under the Sears tower lies a similar Emergency Nuclear Demolition Scheme using the same weaponry that created the main destruction of the Twin Towers on 9/11. Why do you think the Sears was the only other skyscraper in the U.S that had been evacuated on 9/11? We worried about the Sears when Larry Silverstein became connected to it as he did with the World Trade Center but now the colony controlling redcoats have the Sears Tower you had better double down the hatches.

    What is my take on this? New Venice may attempt another 9/11 copycat even to either blame on Russia or Iran either way this will create a World War 3 as Russia will not sit back if an Iran war kicks off. One way or another New Venice needs a world war whether its via the Middle East of Eastern Europe it has to happen or else the Satanic pirates in Westminster and New Jerusalem (ancient Londinium) are through and doomed for good. Looks like they are hedging their bets for the war side and also sniffing around the BRICS just in case they lose and need a financial lifeline. One thing is for certain most people do not suspect New Venice but rather have their eyes on the U.S (Obama) and Israel (Netanyahu). This is a very dangerous time! Keep your eyes on the Sears Tower for any shutdowns for maintenance work or similar.

    .·´ ¸.·★¨) ¸.·☆¨)
    ★(¸.·´ (¸.*´ ¸.·´
    `·-☆ The Unhived Mind

  • keenly

    The Most Honourable Military Order of the Bath have Jesuit advisers, right?

    Alan Lamont is still making out the Vatican and Jesuits run the show with Crown basically answering to them?

    • theunhivedmind

      Until people factor in the Venice connection then they will be missing crucial dots and thus they cannot make up the line from A to F because dot D and E are missing so they end up stagnated at C with a partial understanding but trapped in a tunnel vision designed just for them by the real hidden hand. Systems of old which were at one time one way are now an opposite way due to changes throughout history. A perfect example would be how all was one under the Christian Church then Venice had its dirty way and the division came and yes there is a joining of the divisions to a degree but it is far from a full joining you can be sure about that. At one time a Black Pope had a lot of power over the Jesuit Order but for seventy years this hasn’t been the case and now the power lies with various members within conferences with two main conferences that have a lot of differences even today. You had a Roman Empire and that split into two factions.

      I’ve been in this game far longer than many and luckily I’ve had a zero religious background otherwise I could have seriously been trapped in the farce of the Reformation like most others who reach these levels, they either take a complete anti-Jew stance or anti-Catholic stance. Now I was very anti-Catholic but I’ve learned through further historical study that not all has been what it seemed. I’ve seen times of mankind progression and economic improvements under the Catholic Church only to be destroyed and hindered by Venice and today its continuum. Now of course those stuck in the reformation will only see improvements from their side and never hear or understand any positives from the other side. Where do you think the Renaissance came about? Was it Venice? Hell no! Venice has caused major trouble since the Renaissance hinder its dirty actions. Why was Kepler ignored but the likes of fraud Isaac Newtown got pushed to the forefront a bit like how Nikola Tesla was ignored for the village idiot Einstein. You can bet today that another great Promethean mind will be suppressed whilst the nonsense of Stephen Hawkings is pushed amongst the herd victims. This all reminds me of herbalists who claim their healing is superior to all others and put down healing arts like homoeopathy. If you get stuck in their mindset you may be missing out as I’ve found when I eventually came to realize that homoeopathy is the number one healing art (as used by New Doge Queen Elizabeth II with her physician Dr Peter Fisher). Luckily I defeated the pre-conditioning tunnel vision of Dr Richard Schulze and other herbalists and now I’ve expanded much further and experienced much more in the physical healing and wisdom.

      Understanding this Venetian history a bit further you start to understand far more and you can even to see why for instance the Irish are so angry against the English (Royal Black Perceptory) even though it was a brother nation unlike say France. We have to think higher and also outside of the mindset programmed within us by the false Scherff (Bushfraud) alternative media. We all in the truth-seeker arena get the same initial programming from the Scherff networks then we may end up progressing to a more outside truth if we are lucky but unfortunately our pre-conditioning locks us within a certain mindset which is so hard to get out. I believe I am either out of that mindset or very close to getting out. This initial programming is almost as bad or worse than being in a herd mindset as in your original from birth programming by mainstream etc.

      Take a look in the anti-Vatican conspiracy field and ask yourself if you can answer every little niggle you have in this system by just thinking in such a way. You will find at times something will make sense whilst others are still not connecting and no lines are being formed. You may try a denial on yourself and carry on the wishful thinking at times but deep down your gut and natural instincts will tell you its wrong and your missing some crucial information. Now when you understand this Venice connection you get a lot more of those dots being able to be connected and no negative gut feelings. You will also find another batch of historical facts you may have never known which can end up leading you to find your last conditioning wasn’t quite all what you wanted to believe. Now a new way of thinking has to be bought out by yourself rather than from your conditioners’ beliefs. Now at this level you can end up being the real pioneer researcher.

      Jesuits do not give a damn about Catholicism they use it as a veil for New Venice and the control of the Vatican system. Ask yourself why everything seems to stem from New Venice that little piece of pion land yet with an almost world empire. The Zeusian Venetian filth will be exposed and it seems many do not like this knowledge coming out. Now ask yourself why the Scherff alternative media talk far more about the Jesuits than they ever did but alas you hear nothing of what I speak about because that has to be covered up for obvious reasons. Knowledge of the Jesuits also aids the destruction of current religion which the Venetians and their New Venice do not give a flying rats backside about. Venetians are not Catholics they’re a fraud like the Jesuits they created using the religion like a wolf using sheep’s wool to hide its evil presence. I should point out the logo of the Fabian Society is a wolf in sheep’s clothing and of course it is the Venetian Arsenal who command the Fabian Society which is tied to the mind conditioning of the flock by the wolf through the Venetian Arsenal forks like the Tavistock Institute for Human Relations.

      The Vatican is no more and hasn’t been for a very long time and this should be obvious to anyone who knows about the Second Vatican Council. What you see today is just a total farce which they are ready to tear down and replace with their new farce but this new farce will of course be deeply entrenched into the psyche of the populace and enforced just as Catholicism etc have been in the past. Its all a big illusion and game to these nihilists. So someone going along with the illusion doesn’t mean the original illusion stands does it? It is time to progress forward.

      .·´ ¸.·★¨) ¸.·☆¨)
      ★(¸.·´ (¸.*´ ¸.·´
      `·-☆ The Unhived Mind

  • keenly

    Yes, those obsessed with the Vatican are indeed very religious in my experience. Phelps and Lamont go on an on about JESUS, pretty sad.

    He did make a video saying the House of Savoy rule Italy though. At least he mentions that!

  • keenly

    The Princes Assistant to the Pontifical Throne are hereditary offices of the Roman Curia. They date from the early sixteenth century and survived the reform of the Prefecture of the Pontifical Household in 1968. They are the only hereditary posts still in use at the Vatican.

    There are two living holders of the title:

    Prince Don Alessandro Torlonia, Prince Torlonia, Prince of Fucino, Prince of Canino and Musignano
    Prince Don Marcantonio Colonna, Prince and Duke of Paliano

    Prince Assistants to the Papal Throne (hereditary):
    Marco Torlonia, 6th Prince of Civitella-Cesi
    Prince Don Marcantonio Colonna, Prince and Duke of Paliano, Duke of Mariano
    Marshal of the Holy Roman Church and the Sacred Conclave (non-hereditary):
    Prince Don Sigismondo Chigi-Albani della Rovere, Prince of the Holy Roman Empire, Prince of Farnese, Campagnano, and Soriano, Duke of Ariccia and Formello
    Grand Master of the Sacred Apostolic Hospice (hereditary):
    Prince Ruspoli
    Hereditary Quartermaster General of the Sacred Apostolic Palace (hereditary):
    Marquess Giulio Sacchetti, Marques of Castel Romano (highest ranking laymen in the Vatican service as Delegate of the State of the City of the Vatican)
    Cavallerizzo Maggiore (Superintendent of the stables of the Palaces) (hereditary):
    Marquess Gregorio Serlupi Crescenzi
    Superintendent of the Posts (hereditary):
    Prince Don Filippo Massimo, Prince and Lord of Arsoli, Duke of Anticoli Corrado
    Keeper of the Golden Rose (destined for members of royal houses) (non-hereditary)
    §Papal guards[edit]
    Captain Commander of the Noble Guard (not hereditary, but always a Roman prince with the rank of Lieutenant General):
    last holders included Princes Altieri, Aldobrandini, Barberini, Rospigliosi).
    Standard Bearer of the Holy Roman Church (hereditary, with the rank of Lieutenant-General)
    Marquess Patrizio Patrizi Naro Montoro, Marquess of the Baldacchino
    Commandant of the Palatine Guard (non-hereditary)
    Captain Commander of the Swiss Guard (not hereditary, but always a Swiss man):
    Daniel Anrig

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