Gray Plots Blackstone Exit From Properties

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Sept. 5 (Bloomberg) -- Jonathan Gray, the 42-year-old head of Blackstone Real Estate, has amassed $50 billion in assets and built his division into the company’s biggest profit generator. Now he and his team confront the twin challenges of producing superior returns on their new $13.3 billion fund, a record for the property industry, while finding buyers for more than 40 previous investments. The holdings Gray may sell include Blackstone’s biggest deals, the 2007 purchases of Equity Office Properties Trust and Hilton Worldwide Inc. Jason Kelly reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

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