Until about a decade ago, Blackstone Group derived most of its profits from traditional private equity. But following a dramatic expansion into real estate driven by CEO-in-waiting Jonathan Gray, massive property deals are now the company’s calling card. With an estimated real estate portfolio of $325 billion, Blackstone is now the world’s largest commercial real estate company, according to Fortune. Of that total, $163 billion comes from Blackstone’s own real estate equity capital — which
source https://therealdeal.com/2020/02/18/how-blackstone-became-the-worlds-biggest-commercial-landlord/
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