In the past several years, Blackstone has completed a number of major transactions including Equity Office Properties, Hilton Hotels, CarrAmerica, Wyndham Hotels, Trizec Properties and Southern Cross/NHP. The group has completed more then 225 separate investments in North America and Europe with a total transaction value of approximately $132 billion since 1992. Most recently the group opened offices in Tokyo, Mumbai and Hong Kong to expand Blackstone's real estate business in Asia.
Jonathan Gray, senior managing director and New York City-based co-head of Blackstone's real estate group says that "we believe there should be attractive investment opportunities for this capital given the market dislocation that exists today." Previous funds include: Blackstone Real Estate Partners V, which closed at $5.25 billion; Blackstone Real Estate Partners IV, which totaled $2.05 billion, substantially exceeding its initial target of $1.5 billion.
Chad Pike, senior managing director and London-based co-head of Blackstone's real estate group adds that "with this fund we will be able to enter new markets and expand Blackstone's global investment activities." A Blackstone spokesperson tells GlobeSt.com that "right now we are not commenting beyond the language of the release."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
