Ten Months on Job, Blackstone Duo Racks Up $35 Billion in Deals
- They work for Jon Gray, who built the global real estate unit
- New York's Stuyvesant Town was latest U.S. property purchase
A massive deal completed at warp speed is a hallmark of Blackstone Group LP’s property unit, the biggest of its kind in the world. The pace and hours required just might be a little difficult to sustain past 40, said Jon Gray, head of real estate at the world’s largest private equity firm. He’s 45. “I’m the old man,’’ he said.
Since January, when Nadeem Meghji and Tyler Henritze, both 35, were named co-heads of U.S. property acquisitions, Gray has relied on them to find -- and figure out how to acquire -- properties around the country. The most recent was Stuyvesant Town-Peter Cooper Village, the latest in more than $35 billion of deals led by the duo this year. They’ve bought Willis Tower in Chicago, the country’s second-tallest building, along with office properties in Southern California and Seattle.