I don’t know anything about Blackrock, but my daughter sells real estate in the Fort Worth area, and buyers are driving prices up in bidding wars. Don’t know if they’re regular buyers or corporate.
I would expect, out of my ignorance I suppose, that real estate would be one of the worst investments to make. You and your property value is at the mercy of the local government and school boards— to them your a tree to prune once every year. Another thing: Trump ended the interest deduction there is less incentive to buy.
Of course maybe they realized that no tax incentive would be needed back in 2017.
This must be about the three rules of real estate—location location location. It must be time to get out of the blue states —something is liable to happen.