Deals
Blackstone Weighs Opening Up Real Estate to Individual Investors
- Firm considering retail distribution for core-plus property
- Total real estate capital under management tops $100 billion
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Blackstone Group LP, with real estate assets that have surpassed $100 billion, is considering tapping individual investors as it expands its push into owning high-quality buildings with steady income streams.
“The prospects for growth in that business are huge,” Chairman and Chief Executive Officer Steve Schwarzman said on the company’s first-quarter earnings conference call Thursday. “At some point as we move into the retail chain of distribution with this, we should be able to create a really very large-scale business.”