Blackstone’s Jonathan Gray Sees Room to Run For Real Estate
By
Bloomberg
The head of Blackstone Group LPBX +0.63%’s global head of real estate, Jonathan Gray, thinks there’s still plenty of room to run for real-estate prices overall, especially in the U.S.
Mr. Gray said the wave of foreign buyers entering U.S. real-estate market is in its early days and should continue to build.
Hilton Worldwide Holdings Inc.HLT -0.85%’s recent sale of the Waldorf Astoria New York for $1.95 billion to the Anbang Insurance Group Co. of China, is unlikely to be an anomaly but more of a common type of transaction going forward.
He pointed out that Chinese investors aren’t the only international buyers actively scooping up U.S. real estate. Sovereign-wealth funds from all over the world will continue to seek out U.S. real estate as a place to park capital…
Blackstone’s Jonathan Gray Sees Room to Run For Real Estate
