Blackstone Executive Says Real Estate is Well-Positioned to Appreciate as Investors Seek Yield

Blackstone Executive Says Real Estate is Well-Positioned to Appreciate as Investors Seek Yield



The current low interest rate environment, and investors’ search for yield, will continue to support the appreciation of real estate, says Frank Cohen, Blackstone’s global head of Core+ Real Estate and chairman and CEO of Blackstone Real Estate Income Trust, Inc. (BREIT).

The entry of Blackstone into public non-listed REITs (PNLRs) in 2017 via BREIT provided a significant boost to the sector, especially for net asset value (NAV) products. As of Oct. 31, BREIT had a total asset value of $37.2 billion, with 39% of its portfolio allocated to multifamily and 37% to industrial.



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