Leonid Sorokin Introduction I doubt I'm breaking any news when I say the era of cheap money is over. The reason I'm bringing this up is that Bloomberg just published a huge article on Blackstone's (BX) $339 billion property arm, as the world's largest real estate investor is moving into riskier assets to find elevated returns. Bloomberg According to the article, Blackstone, which thrived when rates were low and acquisitions were cheap, is facing unprecedented challenges. Simply put, with global central bank ...