Blackstone’s Gray Appointed to Board as Real Estate Grows

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Jonathan Gray, head of global real estate at Blackstone Group LP, will join the firm’s board of directors after his business brought in $1 billion in profit in 2011.

“Jon has been an integral part of the Blackstone fabric for the past 20 years,” Stephen Schwarzman, Blackstone’s chief executive officer, said in a statementBloomberg Terminal today. “He heads one of our largest and most successful businesses with the highest standards of excellence and integrity.”