Blackstone’s Gray on why the firm is pouring cash into the warehousing business

Blackstone’s Gray on why the firm is pouring cash into the warehousing business

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“As a result, we’ve seen this pickup in demand for warehouse space, which traditionally was a pretty boring business … In an environment where it’s hard to invest, finding things you have high conviction in, where you think there’s going to be growth – that’s a pretty good strategy,” he added.

Since joining Blackstone in 1992, Gray helped build the largest real estate platform in the world with $120 billion in capital under management. Blackstone’s portfolio includes hotel, office, retail, industrial and residential properties in the U.S., Europe, Asia and Latin America. He currently serves as Chairman of the Board of Hilton Worldwide.

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