CHICAGO—Equity Office, an affiliate of the Blackstone Group and one of the largest office landlords in the US, has just appointed Eli Khouri as its new president and chief executive officer. Khouri succeeds Tom August, who is retiring, and will take over at the end of September. August will continue to serve on Equity's board.
The Chicago-based Equity currently oversees about 58 million square feet of class A office space. Blackstone acquired it in a 2007 blockbuster deal for $39 billion and has been selling off much of the portfolio. Last spring, Jon Gray, global head of real estate for Blackstone, spoke at an event in Washington, DC and said the company expected to eventually triple its original investment in Equity.
“I'm delighted to welcome Eli to the Equity Office team,” Gray said in a statement. “Eli is a leader within the industry, with an exceptional track record of successful capital deployment and value creation.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
