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Blackstone Shakes Up Leadership at a Key Real Estate Business

  • LePatner is taking over for Cohen at the “Core+” business
  • Blackstone also hired A.J. Murphy for corporate private equity
Heather Von Zuben, A.J. Murphy, Wesley LePatner
Heather Von Zuben, A.J. Murphy, Wesley LePatnerSource: Blackstone

Blackstone Inc. is reshuffling the leadership of a key real estate business as the private equity giant navigates one of the most challenging property markets in years.

Frank Cohen, a nearly three-decade firm veteran, will cede leadership of Blackstone’s “Core+” real estate business to Wesley LePatner, the group’s global chief operating officer, according to Blackstone executives.