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Sign in Sign up for a FREE subscriptionBlackstone’s Jon Gray forecasts a pickup in real estate markets
Blackstone’s president Jon Gray is forecasting a pickup in real estate markets, in response to the cost of capital beginning to decline, Dawn Lim reported for Bloomberg.
Other than offices, Gray said in an interview that the worst is over for the real estate market, outside of offices.
Blackstone has been withholding from restricting outflows on its $57 billion REIT in the past two months, although the amount of withdrawal requests would have allowed it.
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