Jonathan Gray, the 43-year-old who runs Blackstone Group LP’s real estate business, is the latest billionaire to emerge from the world’s largest manager of private equity and property.
An 800-pound gorilla, the joke goes, can sleep wherever it wants. Blackstone Group LP, manager of the world’s largest real estate fund, has no time to rest.
Blackstone Group LP expects to increase sales of its property holdings in the next year, with potential buyers including real estate investment trusts and sovereign wealth funds, said Jonathan Gray, the firm’s global head of real estate.
Jonathan Gray, head of global real estate at Blackstone Group LP, will join the firm’s board of directors after his business brought in $1 billion in profit in 2011.
Jonathan Gray, head of global real estate at Blackstone Group LP, gave $25 million to the University of Pennsylvania to start a center studying cancer treatment and prevention.
"We really believe in a Vegas recovery."
- Jonathan Gray on Jun 09, 2014