University of California invests $4B in Blackstone’s real estate fund

And also the monster investor happens to be a university. Why does a university need to manage such a huge endowment ($150bn of assets)? Further, why does a university end up investing in the rental market? Seems to me these are both standalone loop holes of our current economic system that will eventually need to be dealt with if we want to fix both education and housing. Until then we'll keep witnessing all sorts of distorsions and crashes.

Blackstone understands that restricting supply as demand rises leads to incredible price increases.

The solution is obvious: increase supply.