Blackstone Inc. (NYSE: BX) is the world’s largest owner of commercial real estate, owning and operating assets in all major geographies and sectors, managing $319 billion in investment capital with $577 billion in its global real estate portfolio.
Kathleen McCarthyBlackstone’s Senior Managing Director and Global Co-Head of Real Estate, spoke at the Urban Land Institute’s Fall Annual Meeting last Tuesday, where she outlined her preferences for which property would generate the most revenue flow. cash flow in today’s uncertain housing environment.
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“We’re in a terrific industry for an environment like this,” McCarthy said. “In an environment where costs are rising and you need to generate cash flow growth, real estate is a great place to be overall.”
McCarthy continued: “Real estate is in a better place today than it has been in other economic environments, we have never returned to these high levels of new construction or lending on new speculative constructions.
Blackstone Real Estate continues to focus on asset classes that offer tailwinds and where changes in the global economy are fueling demand for those assets.
About 80% of the company’s real estate assets, according to the senior managing director, are centered on data centers, hotels, laboratory office space, rental homes and warehouses, all of which will benefit from future supply. limited expected.
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Here is a brief overview of some of the property categories that Blackstone Real Estate focuses on:
Industrial
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For more than 12 years, industrial has been Blacksone’s strongest conviction theme, according to McCarthy.
Several families
Hospitality
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According to McCarthy, Blackstone continues to have “strong conviction” in this part of the real estate market, which has been disrupted by the pandemic.
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