New York, NY, January 28, 2015. Blackstone (NYSE:BX) today announced that its retail real estate portfolio companies in the United States have entered into partnership with Raider Hill Advisors. Raider Hill Advisors was formed by Dan Hurwitz, who most recently served as Chief Executive Officer of DDR Corp (NYSE:DDR), the largest power-center REIT in the United States. Before joining DDR in 1999, Mr. Hurwitz served in a variety of executive and management roles within the retail and shopping center industry with Boscov's Department Stores Inc. and The Shopco Group. Mr. Hurwitz is a graduate of Colgate University and the Wharton School of Business Management Program at the University of Pennsylvania.
Nadeem Meghji, a Senior Managing Director in Blackstone’s Real Estate Group, said, “We could not be more pleased to form this partnership with Raider Hill. We are significant investors in shopping centers both in the U.S. and internationally, and will take advantage of Dan’s extensive experience and track record as the CEO of DDR.”
Dan Hurwitz said, “I am excited to be working with Blackstone, a firm with an unparalleled track record, reputation and network in the real estate industry. I look forward to sharing my knowledge and collaborating with Blackstone’s talented real estate team as we work closely together on exciting opportunities in the shopping center real estate market.”
About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has more than $80 billion in investor capital under management. Blackstone’s real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. Major holdings include Hilton Worldwide, Invitation Homes (single family homes), Logicor (pan-European logistics), SCP (Chinese shopping malls), and prime office buildings in the world’s major cities. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust.
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