Mar 08, 2016

Blackstone's Jon Gray: It is Still Too Early to Call the End of the Real Estate Cycle

Blackstone's Global Head of Real Estate, Jon Gray, recently discussed the state of the real estate market at a University of Texas Investment Management Company meeting in Austin.  It is still too early to call the end of the cycle, he said, and while he believes that we are in a more mature phase, opportunities remain even if rates of return might be lower going forward. Gray also noted that the firm remains bullish in particular on U.S. residential and grocery anchored shopping centers.