Blackstone CEO: Company’s Real Estate Fund Will Continue to Benefit from Two Big Bets

Spoke with the Blackstone CEO at the Davos World Economic Forum. He explains how the fund stayed away from “serious stress” sections of the housing market.

Stephen Schwarzman, the chief executive of Blackstone, claimed that exposure to apartments and warehouses helped his real estate mega-fund in a challenging climate where other competitors lost up to a quarter of their value.

In a conversation with Barron’s editor-in-chief David Cho on Wednesday at the World Economic Forum in Davos, Schwarzman said that Blackstone Real Estate Income Trust, often known as BREIT, has persevered in a more difficult interest rate environment. actual world marketplace. The real estate sector includes places of business and shopping centers.