Blackstone’s Gray: U.S. Economy, CRE Recovery Reaching 'Escape Velocity' “Jonathan D. Gray, the 44-year-old global head of real estate for Blackstone Real Estate Advisors who has become a billionaire by delivering outsized returns as the world’s largest private CRE acquirer and asset manager, did not disappoint the lunch session audience at the NAREIT conference on Tuesday. While there are fewer distressed opportunities and deep discounts, property ...

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