Hungarian Prime Minister Viktor Orban's office has fired an employee and is co-operating with a related investigation into allegations of bribery, ...
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Lin, former chief investment officer at Revera, “will help drive Blackstone Real Estate's Canadian footprint as it continues to invest across all asset classes, ...
Tech giants are chasing the three-day week at the office, but Airbnb's chief reckons even this won't be sustainable.
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The office will be led by Janice Lin, appointed by the firm as head of its real estate business in Canada. Lin was previously CIO of Revera, a retirement and ...
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Blackstone is expanding from significant investments in warehouses into new sectors such as commercial and residential properties.
Commercial real estate services firm Avison Young recently released a study that said “the relationship between real estate and inflation is much more nuanced than conventional wisdom would suggest.” Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Blackstone is bulking up as its institutional investor clients increase the amount of capital they earmark for real estate. Blackstone currently owns about 450 properties in Canada, valued at $14-billion. The bulk of its portfolio is focused on logistics, such as warehouses. “I look forward to strengthening Blackstone’s strong presence in Canada and supporting businesses across a number of different sectors,” said Ms. Lin in a press release. A number of its major competitors are Canadian, including Brookfield Asset Management Inc.
Blackstone (NYSE: BX) today announced that it is establishing a Blackstone Real Estate office in Toronto and the appointment of Janice Lin as head of.
Blackstone’s real estate business was founded in 1991 and has US $298 billion of investor capital under management. Blackstone is a global leader in real estate investing. I look forward to strengthening Blackstone’s strong presence in Canada and supporting businesses across a number of different sectors.” Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstone’s European yield-oriented strategy. Nadeem Meghji, Blackstone’s Head of Real Estate Americas, said, “We are excited to officially open a real estate office in Canada and welcome Janice to lead our real estate business in the country. Blackstone’s portfolio companies across the firm employ more than 3,550 people in Canada.