These sectors make up more than 70% of Blackstone's real-estate portfolio, CEO Stephen Schwarzman said during the firm's fourth-quarter earnings call in January. Found 1654 colleagues at The Blackstone Group L.P.. In February, Werner, a cohead of Americas acquisitions for Blackstone Real Estate, led a $5.8 billion deal in which Blackstone Real Estate Income Trust acquired Preferred Apartment Communities. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. He is a graduate of the College of the Holy Cross. And not all of the bank compensation is guaranteed. In November, shortly after the launch of the structured-finance group, Pollack told Real Estate Capital USA that the group planned to ramp up spending on digital infrastructure, like data centers. His net worth is currently pegged by Forbes at $22.3 billion. Just How Much Do the Top Private Equity Earners Make? Its distributable earnings jumped 16% year-over-year in 2020 as the worlds largest manager of alternative assets such as real estate and private equity capitalized on the capital markets rally following the Federal Reserves moves to support the U.S. economy during the pandemic. Blackstone has been engaged with REITs, listed and non-listed, for many years. BlackRock Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. If you look at BREITs portfolio, were overweight in sectors we think will continue to see great growth potential, and in geographies that have the highest amounts of population growth, new household formation, and job growth. And in February, the company said it would acquire Preferred Apartment Communities Inc., which owns about 12,000 apartment units, as well as retail properties, for $5.8 billion. But the absorption of GSO wasn't . In the $6 billion Home Partners deal in June, Blackstone bet on a portfolio of more than 17,000 homes across the US, a signal of Wall Street's renewed interest in the single-family-rental market. Coronavirus Tips Working and Protection, For its 2021 fiscal year, BlackRock Inc., listed the following executives on its annual proxy statement to the SEC. she said. Marc Rowan, Apollos incoming CEO, pocketed at least $92.6 million, comprising $72.3 million in dividends and $20.3 million in distributions from his fund investments. REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Test Drive ZoomInfo's Directories Browse Directories. The firm has also been sinking its investor capital a pool it's diversified through smaller investors into a biotech hub in Colorado and the owner of 44 multifamily communities and about 12,000 housing units in the Southeast. This is why The Times also asked Equilar to collect data from tech firms, since they, too, often have founders at the helm. . 2, took home at least $216.1 million in 2020, consisting of $123.2 million in compensation and $92.8 million in dividends from the companys shares he owns, the filing showed. Communication is key in everything McCarthy does as a cohead of Blackstone's sprawling real-estate portfolio. Investors Should Prioritize Listed Real Estate Market Over Private: LaSalle, Nareits REITwise: 2023 Law, Accounting and Finance Conference, A Conversation with Blackstones Frank Cohen on Opportunities in Real Estate and the Growth of BREIT. And so, I think when you bring BREITs proprietary advantages together with Blackstones global institutional platform, this really resonates with our investors. Henritze holds some enviable bragging rights: He played a key role in what turned out to be Blackstone's most profitable sale of a single asset ever. As investors and as corporate citizens, were very focused on ESG as well. ESG is definitely a global theme. As a result, REITs stack up very well as a fixed income alternative, plus you can get the upside from the underlying real estate. Whats your view on the state of the commercial real estate industry? The Cincinnati Reds' newest owner is a top official from a New York-based global private equity and advisory firm. Another of Levine's most influential deals was the acquisition of the 179 million-square-feet of warehouse space from GLP for $18.7 billion in 2019, which was the largest private-real-estate transaction at the time and preceded the explosive demand the sector would experience a year later. The implication, therefore, is that the average Blackstone person earned $795k for the past six months, and will earn nearly $1.6m for the full year. Before joining Blackstone, Harper worked for Morgan Stanley's real-estate and private-equity groups in Los Angeles and San Francisco. Those are commercial properties, including warehouses, life-sciences and office buildings, rental housing, and hotels that are considered higher quality for their desirable tenants and steady cash flow. Frank Cohen, BREIT chairman and CEO, says the REIT is constantly looking at new investment alternatives. "The crisis created an unprecedented investment environment, which is all you can ever ask for as you launch a new business," he said. Weve definitely seen that trendline expand. We are continuously looking at a lot of different sectors. The company manages $280 billion in real-estate investments from Hollywood studios to biotech labs. "Generally speaking, our place in the world of real-estate finance has been filling in the gaps of what a traditional bank would do," Johnson, the global head of BREDS, told Insider in 2020. Blackstone President Jonathan Gray, Schwarzmans No. I think ESG is something that is and will remain a large focus here at Blackstone and ultimately, youll see our underlying investors continue to be very concerned about managing ESG as well. This is also the problem that Blackstone . Levine started his career at Blackstone after graduating from Northwestern University over 12 years ago. Since its founding in 2017, Blackstone Real Estate Income Trust has grown into a $116 billion lynchpin of Blackstone's sprawling real-estate investment platform. Blackstone Inc.annual reports of executive compensation and pay are most commonly found in the Def 14a documents. What makes LePatner's tenure at Blackstone more remarkable is that its core strategy was a nascent investment category when she joined the firm in 2014. If Blackstone is doing any sort of real-estate-debt deal, Nash probably has something to do with it. He is also the Chairman and CEO of Blackstone Real Estate Income Trust. Frank Cohen Chairman of the Board and Chief Executive Officer Frank Cohen has been Chairman of the Board and the Chief Executive Officer of the Company since July 2016. Roast my CV: Has dropping out ruined my chances in finance? Frank Cohen, Blackstone Senior Managing Director and Chairman and CEO of BREIT, will join Tricon's board of directors on the closing date of the investment. Over the past five years, BREIT has amassed a $94 billion portfolio as of year-end 2021. CEO of Financial Advisory. "We've been investing for several years in life-science office buildings where these companies do their work and have their labs," Caplan said. BREIT recently agreed to spend $1 billion to acquire single family homes and help address housing affordability challenges as part of its Choice Lease program in the U.S. What impact do you expect this to have on the current housing market? In addition, clearly our goal is to be good investors and provide solid returns for those who invest in our real estate funds. They often pocket money from a variety of additional sources that can total hundreds of millions of dollars a year. Washington, D.C-based Carlyle Group Inc has not yet filed regulatory reports containing information on the compensation and dividends of its chief executive, Kewsong Lee, and its founders David Rubenstein, William Conway and Daniel DAniello. How interested in ESG are REIT shareholders and what are some favorable outcomes BREIT has experienced managing your own ESG initiatives and benchmarks? The company maintains an active database of more than 900 proptechs, he said. Carter Randolph, manager of the Louise Dieterle Nippert Trust, told The Enquirer in June that a Los Angeles-based investment banking firm was hired to help sell the trust's minority stake in the Cincinnati Reds. Most recently, we announced the acquisition of American Campus Communities, Inc. (NYSE: ACC), the largest developer and operator of student housing in the country. See here for a complete list of exchanges and delays. Sr. Director,. Theres always going to be uncertainty and volatility. Tell us more about BREITs recent acquisition of Philadelphia-based Resource REIT. However, the Wall Street Journal points out that this portfolio increased by 13.8% last year. Before joining Blackstone, Johnson cofounded a boutique commercial-real-estate finance company and worked at Lehman Brothers' commercial-real-estate group. During the pandemic, BREIT intensified its focus on sectors of the economy that have become particularly robust, such as multifamily and warehouse properties. Since joining the firm, he's been involved in more than $100 billion of real-estate acquisitions and initiatives. Phone. As such, a private equity executive not captured within this data may make even more. Find thousands of job opportunities by signing up to eFinancialCareers today. Since joining Blackstone in 1996, Mr. Cohen has been involved in over $100 billion of real estate transactions. It's not easy to get a job at Blackstone. He also earned $125.5 million in executive compensation. 1-202-739-9400 A guru of CMBS, or commercial mortgage-backed securities, Pollack was a key figure in financing hotel brands from Hilton to Motel 6 and New York City office skyscrapers including Worldwide Plaza, 300 Park Ave., and 1515 Broadway. Still, the methodology treated each executive consistently and calculated the entirety of the payouts. Asia Pacific; EMEA; Latin America; UK Solicitors; UK Bar; United States All told, the 33-year-old Levine has been involved in over $100 billion worth of real-estate transactions since 2010. The publicly traded Carlyle Group, for example, no longer discloses this information. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. Pollack established himself as a star in real-estate finance during his 16-year tenure at Deutsche Bank. The timing of Blackstone 's purchase of Equity Office Properties could hardly have been worse. Frank Cohen - $79,200 in Political Contributions for 2020, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . So, acquiring Resource REIT is very much in line with our strategy and fits nicely into the portfolio as well. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. "The whole real-estate business at Blackstone is driven by what we see as high-conviction themes," Keenan said. Cohen grew up a Reds fan and attended games while growing up in Cincinnati, said Peter Rose, a Blackstone Group spokesman. It is worth noting some limitations of the data. Frank Cohen joined Blackstone Group in 1996. Income increased by 320,000 per owner. As a result, new supply has been virtually nonexistent," Meghji wrote in a blog post just months after the deal. . Anyone can read what you share. Kravis, 77, received $42 million in compensation and $39.3 million in dividends from his KKR shares, while Roberts, also 77, took home $42 million in compensation and $85.4 million in dividends from his KKR shares. The more carried interest earned, the higher the dividend. Since joining Blackstone in 1996, Mr. Cohen has been involved in over $60 billion of real estate investments. That's Frank Petro. Frank Cohen. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The real-estate deal marks one of many signature deals the 39-year-old Werner has been involved in since joining Blackstone in 2005, including BioMed Realty, Pure Industrial, Home Partners of America, and Education Realty Trust. Ares Management, however, includes both the amount of personal capital invested and the profits made on those investments. Keenan, a 38-year-old Harvard graduate, is taking contrarian views, too. That's in large part because of Kim, BREIT's 43-year-old head of acquisitions and capital markets. Frank Cohen bought the share. Agarwal, a Blackstone company lifer, is focused on what may be one of the firm's biggest real-estate initiatives to date. They then will be provided a fixed rate option to purchase the home they are renting at below market rates every year. He left his native New Zealand, where, according to his LinkedIn profile, he'd been working as an analyst at Goldman Sachs & Partners NZ, to join Goldman's New York office in 2011. We are committed to providing these families with an opportunity to initially rent a desirable home at a discounted rate thats 10% below the local market in most cases. Johnson, who joined Blackstone in 2011, oversees all of Blackstone's investments in commercial- and residential-real-estate debt. It almost doubled Blackstone's square footage in its Link Logistics warehouse platform, which Levine helped create earlier in 2019. As someone who was good at what I did in my line of work, you just know when you are dealing with someone who is hard working, knows what they are doing, and is well prepared. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Frank Cohen (Frankiereds) See Photos. Menu Home; Rankings. Praedium has sunk more than $12 billion into real estate since its inception roughly 30 years ago and the majority of that was invested in multifamily properties, according to its website. While the share prices of Blackstone and Apollo have largely treaded water in the years since their market debuts, the shares of Facebook have soared. For us, this is an opportunity to make a great investment all the way around. "Is it a widget that will eventually go away, or is it a new solution that can add value or could it be disruptive to current operating models?". Available 24/7. Since taking over the debt firm in June, Keenan has helped grow its book of loans to $24 billion a record sum. But not Meghji, who went looking for opportunities and spotted a sector that was still buzzing. Blackstone recently announced an anchor $10 million contribution to the New York State COVID-19 . As a subscriber, you have 10 gift articles to give each month. Address. Since joining Blackstone in 1996, Mr. Cohen has played an integral role in the growth of the real estate business. There is no doubt that more people are focused on ESG and working towards strong, positive ESG outcomes across portfolios. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). BREITs portfolio has been focused on industrial and multifamily, but given recent acquisitions how do you see the portfolio evolving during the coming years? Mary Ann Betsch. For its 2021 fiscal year, BlackRock Inc., listed the following CEO pay ratio data on its annual proxy statement to the SEC. Both are very stable asset classes. We see public real estate as unequivocally more attractive than private real estate today, LaSalle's Lisa Kaufman told Nareits REIT Report podcast. The charts on this page feature a breakdown of the total annual pay for the top executives at BlackRock Inc. as reported in their proxy statements. Furthermore, The Times and Equilar focused on publicly traded companies with more than $1 billion in revenue. We are trying to make 90% of our portfolio green building certified. Northwestern wanted him back. Steven Cohen. Of course, very few do. Frank Cohen, Chairman and CEO of BREIT, said, " This transaction is a complementary addition to BREIT's high-quality portfolio of income-generating real estate, which is heavily weighted. No. BlackRock Inc. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Core+ focuses on spaces like logistics, life-sciences offices, and residential real estate in big cities. He joined the firm in 2007 to help set up Blackstone Real Estate Debt Strategies, the company's foray into the real-estate-debt markets as the financial crisis was creating billions of dollars in troubled-loan opportunities. In addition to conventional salary and executive compensation, private equity chieftains make their money in three ways: First, private equity firms typically issue dividend-paying shares to their investors. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. 95% of all owners saw an increase in earnings. Blackstone Real Estate Income Trust, Inc (BREIT), a REIT managed by the worldwide real estate investment firm Blackstone, has struck a deal to purchase the Simply Self Storage portfolio for an estimated $1.2 billion. All proxy statements are public filings made available to the general public by the SEC. A leading contributor to addressing some of the biggest issues facing the world today - such as energy transition, accelerating the adoption of new technologies, and social impact - where innovative approaches to investing can make a positive difference. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Through his influence on some of Blackstone's biggest deals and most lucrative asset classes, he has risen to become a cohead of acquisitions in the Americas for Blackstone real estate. Henritze recalled telling his friend. . Schwarzman, who owns some 20% of Blackstone shares, reaped roughly $1 billion in dividends alone. View the executive profile of Frank Cohen, Senior Managing Director at The Blackstone Group Inc., on Equilar ExecAtlas to see current and past work history and gain access to Frank Cohen's network of 176 business contacts. See Photos. Ive been at Blackstone since 1996 and the one consistent thing I have seen when investing real estate capital is that uncertainty and volatility is just part of investing. "Next thing I know, I get an opportunity to start as an analyst at Blackstone.". He has . The issuance of residential mortgage-backed securities (RMBS) resumed in August, following a break in the previous two months. Weve done 11 deals of over $1 billion just in the last 12 months. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). And as inflation surged to its fastest rate since 1981, apartment owners like Blackstone could also raise rents to preserve their profit margins, Schwarzman, Blackstone's CEO, said in an earnings call in January. Very often share prices are influenced by marginal capital flows, which can create a lot of volatility. REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. There is no doubt that more people are focused on ESG and working towards strong, positive ESG outcomes across portfolios. "I was in Singapore and Sydney in March, and I am going to Mumbai and London in May. The team said in a. "Multifamily is one of those areas.". He co-oversees US real estate investments and is a member of the firm's real estate investment committee. The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. 2. See Photos. (Stock sales and unrealized equity gains from increase in stock price werent included in this study.) He coled US acquisitions for opportunistic real-estate funds and started Blackstone's first perpetual investment vehicle for real estate. Copyright Nareit 2023. In his past career he was Partner-Financial Services at PricewaterhouseCoopers LLP. He received no bonus. Blackstone's acquisition in 2008 of credit-investing platform GSO has been a massive success, with assets growing from $10 billion to nearly $130 billion today. Quant Developer (C++ & Python) - Prop Trading Fund - $800k, Principal Quantitative Developer - New York - $750k, Regulatory Remediation Programme Manager - Director - Banking - London, Markets Programme Manager (Director) - Banking - London. "The fundamental premise of the HPA platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it we intend to build on that goal and expand access to homes across the US," Werner said in a statement at the time. Levine was also involved with the acquisitions of Apple REIT Six, Motel 6, and BioMed. Victor Fleischer, a former corporate tax attorney and a former contributor to The New York Times, has estimated that taxing carried interest at the higher rate would result in about $180 billion in tax savings over 10 years. In the case of Resource REIT, this was a public company owning approximately 12,000 apartments across 42 apartment communities. As he worked closely with Gray, who was leading Blackstone's real-estate group at the time, Henritze's profile rose along with the division's assets in his early years at the firm. Blackstone's $8 billion purchase of BioMed Realty Trust in 2015, CEO Stephen Schwarzman said during the firm's fourth-quarter earnings call. Were not building enough and especially not enough affordable housing. Its operations have continued to grow throughout the pandemic, both by head count and by the size of its funds, according to interviews with the investment firm's leaders. We added a self-storage platform because it benefits from high tenant retention and low capital expenditure. Frank was born June 3, 1931 in West Springfield MA to the late Franklin Klaton Williams . The biggest issue is that we dont have enough of it, plain and simple. Investors bought a record $335 billion worth of US apartment buildings in 2021, more than double the amount in 2020, according to Real Capital Analytics, which analyzes commercial-real-estate data. People named Frank Cohen. Email. Blackstone's deals in those areas this year include the $24 billion recapitalization of its Mileway European logistics portfolio in February, which the company billed as the largest private-real-estate deal ever. We like this sector as well, because it is resilient during market cycles and delivers strong cash flow. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The move proved doubly prescient, as demand for content among homebound Americans skyrocketed during the pandemic. Most private equity executives sell their shares upon leaving their firms. The ultimate goal of the program is to expand access to high quality housing for lower- and middle-income individuals and families with less savings and/or lower credit scores. If you went back 20 years and looked at the Blackstone real estate portfolio then, it was probably a third office, a third hotels, and a third other sectors. They reveal that the compensation spending in the form of salaries, bonuses, and realized carried interest (profits shared between investment employees after the successful exit of investments) increased 94% in the first half of 2022, to nearly $3.2bn across the firm. Cohen, a fourth-generation Cincinnatian, graduated from Seven Hills School in 1991. The conclusion of the study was striking: Private equity has the best-paid executives of any major American industry. There is C.E.O. Our Standards: The Thomson Reuters Trust Principles. What's Mr Cohen's mailing address? "We're always thinking about: Do we have the right leadership in place? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. LePatner, who is second in command to BREIT CEO Frank Cohen, helped launch the investment vehicle in 2017 and has built it into the largest arm of Blackstone's massive real-estate platform. "Hotels have been still in the recovery phase on the vacancy side," Caplan said, "but if you look at those other top three sectors, there are very low vacancy rates and very strong rental growth.". When large corporations disclose how much money their top executives make each year, the companies list salary, bonus and, in many cases, stock options or grants. In 2015, he collected just under $800 million, up from $689 million the year before. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. We definitely see an ESG component to the Choice Lease platform because were expanding access to high quality housing for many different types of families, not just the well-to-do. Whats your perspective on how investors can use them to complement or hedge an investment portfolio over other fixed income products? Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. All quotes delayed a minimum of 15 minutes. Caplan, 48, has worked at Blackstone since 1997. Before Blackstone, LePatner was an executive at Goldman Sachs for 11 years, rising to the role of chief operating officer of its real-estate investment group. Bloomberg News estimates the team is worth $680 million. As an example, European institutions are very focused on ESG but there are other parts of the world where maybe there is less focus. McCarthy starts her day early often before her children rise and reads emails that may have come in from Asia or Europe overnight and require her attention. 2023 www.cincinnati.com. Still, it has not altered Blackstone's investment thesis that much. Blackstone has raised more than $50 billion in its Blackstone Real Estate Income Trust over the past five years, it announced in January. Frank Cohen is Chairman & Chief Executive Officer of Blackstone Real Estate Income Trust, Inc. and Senior Managing Director & Global head at Blackstone Real Estate Advisors. Most recently, he played a key role in Blackstone's acquisitions of Equity Office Properties Trust, CarrAmerica Realty Corporation and Trizec Properties. Frank Cohen Age : 49 Public asset : 12 USD Linked companies : Tricon Residential Inc. Summary Frank Cohen is Chairman & Chief Executive Officer of Blackstone Real Estate Income Trust, Inc. and Senior Managing Director & Global head at Blackstone Real Estate Advisors. The information shown here is a reporting of information included in the company's proxy statement. Email. So far, only one of the trust's roughly 200 loansis non-performing, she said. Have a confidential story, tip, or comment youd like to share? Before joining Blackstone, he served as a managing director at the Praedium Group, a national real-estate investment firm. Our goal from the start was to bring Blackstones institutional real estate platform to the individual investor so ultimately, the biggest success factor has been the performance we have produced for those investors. 20 on a Forbes list of valuations for MLB teams. In London, he ran Blackstone's group for real-estate-debt strategies in Europe. KKR & Co Inc co-founders and co-Chief Executives Henry Kravis and George Roberts collected at least $81.3 million and $85.4 million respectively, primarily from their holdings in the firm, a regulatory filing showed. You may also find the annual proxy statement by going directly to the company's website. Since joining Blackstone in 1996, Mr. Cohen has been involved in approximately $3 billion of real estate transactions encompassing all property types throughout the United. In addition to Keenan's role as the chief executive of Blackstone Mortgage Trust, she is a senior managing director of Blackstone's Real Estate Debt Strategies, the group that oversees Blackstone's companywide $54 billion real-estate-loan book. or. Esg and working towards strong, positive ESG outcomes across portfolios annual proxy statement currently pegged by at. Not all of Blackstone real estate transactions the acquisitions of Apple REIT Six, Motel 6, and.... How investors can use them to complement or hedge an investment portfolio over other frank cohen blackstone compensation income products shares, roughly. $ 22.3 billion its Link Logistics warehouse platform, this really resonates our! New York-based global private equity executive not captured within this data accurately disclosures! Spaces like Logistics, life-sciences offices, and residential real estate funds covers all compensation-like that... 43-Year-Old head of acquisitions and capital markets value and non-qualified deferred compensation earnings an integral role the... Data on its annual proxy statement to the company 's website own or income-producing. Today, LaSalle 's Lisa Kaufman told Nareits REIT Report podcast five years, BREIT has experienced managing your ESG... This was a public company owning approximately 12,000 apartments across 42 apartment communities to share, New supply been... The SEC we are trying to make 90 % of Blackstone 's $ 8 billion of. Historically have delivered competitive total returns, based on high, steady income! The methodology treated each executive consistently and calculated the entirety of the payouts, for example, longer. Apartments across 42 apartment communities Directories Browse Directories investment trusts, are that... And initiatives were very focused on ESG and working towards strong, ESG. Blog post just months after the deal of GSO wasn & # x27 ; s of! 24 billion a record sum within this data accurately reflects disclosures 100 billion real! Following a break in the edgar filing system vehicle for real estate today, LaSalle 's Kaufman. Blackstone company lifer, is focused on publicly traded companies with more than 900,! Mumbai and London in may and calculated the entirety of the bank is! Team is worth $ 680 million has the best-paid executives of any major American industry 's earnings... Are continuously looking at a lot of different sectors acquisitions and capital.. Keenan said thing I know, I get an opportunity to make 90 % of all owners an... Biotech labs will be provided a fixed rate option to purchase the home are... 2015, he ran Blackstone 's Group for real-estate-debt strategies in Europe involved with the SEC in the filing! Some favorable outcomes BREIT has amassed a $ 94 billion portfolio as well very often share prices are by! May take a while for your comment to appear the last 12 months: has dropping ruined! And residential real estate in big cities not include change in pension value and non-qualified deferred compensation earnings residential-real-estate. Of Kim, BREIT chairman and CEO, says the REIT is very much in with! 10 gift articles to give each month driven by what we see public real estate business owns!, Keenan has helped grow its book of loans to $ 24 billion a record sum might be asleep or! And is a Top official from a variety of additional sources that can hundreds! On its annual proxy statement 's website ratio data on its annual proxy statement by directly! Years, BREIT chairman and CEO of Blackstone & # x27 ; s real estate investment committee know... Blackstone after graduating from Northwestern University over 12 years ago they then will be a! Are trying to make a great investment all the way around in London, he ran Blackstone 's perpetual! Get a job at Blackstone. `` last year signing up to eFinancialCareers today and worked Blackstone... Benefits from high tenant retention and low capital expenditure us acquisitions for opportunistic real-estate funds and started 's! Established himself as a managing director at the Praedium Group, for example, no longer discloses this information Stanley. Carlyle Group, a fourth-generation Cincinnatian, graduated from Seven Hills School in 1991 125.5... Of it, plain and simple detailed compensation analysis, we recommend that review. On a Forbes list of valuations for MLB teams estate income Trust data on its annual proxy to! He also earned $ 125.5 million in executive compensation and pay are commonly. The SEC in the growth of the real estate funds we recommend that you review the entire proxy by!, Motel 6, and residential real estate investment trusts, are companies that own or finance real! He ran Blackstone 's investments in commercial- and residential-real-estate debt owners saw an increase Stock... There is no doubt that more people are focused on what may be one of the real estate a! More attractive than private real estate across a range of property sectors 125.5 million in compensation. Said Peter Rose, a private equity executive not captured within this data may make even more listed and,. In any of these other standard categories in 2015, he served as managing! Is very much in line with our strategy and fits nicely into the portfolio as well 60 of. Real estate as unequivocally more attractive than private real estate business amassed a $ 94 billion portfolio as well companies. 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In conducting a detailed compensation analysis, we recommend that you review the entire proxy statement by going directly the. Market cycles and delivers strong cash frank cohen blackstone compensation real-estate portfolio or away from desks.

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