Blackstone President Jon Gray believes real estate values are bottoming and emphasizes the need for more housing supply. The firm plans to continue hiring in 2024 and expects a market revival, leading to a deal spree. Despite a bumpy year, Blackstone's fourth-quarter earnings rose 4% due to increased asset sales. The CEO argues that the firm has reached a 'cyclical bottom' and sees a virtuous cycle ahead for Blackstone.
Blackstone's Jon Gray sees a virtuous cycle ahead https://t.co/NHTARJ3BGG via @BW
Blackstone ends year with more assets, but fees decline https://t.co/WgwaskbkiG via @blalpert @PrivateEquityN1 #PrivateEquity
Blackstone CEO argues we've seen 'cyclical bottom' for firm https://t.co/lVKjoTEdw2
Blackstone's fourth-quarter earnings rise 4% as asset sales pick up, via @chukwubyke @Reuters #PrivateEquity https://t.co/nbeeIyAta4
Blackstone Ends Bumpy Year With More Assets, but Lower Fee Revenue https://t.co/rGi8CGdub5
Blackstone plans deal spree to pre-empt market revival, via @AntoineGara @FT #PrivateEquity https://t.co/cp4Rj1Ex5m
Blackstone is calling the bottom, almost - @JMAGuilford - https://t.co/KS552ZiTJy https://t.co/6BzEHTl48h
Blackstone President Jon Gray says he expects the firm to keep hiring in 2024 https://t.co/W0eJesje5D https://t.co/2dQErqH9PL
Blackstone President Jon Gray says real estate values are bottoming and there needs to be an emphasis on creating more housing supply https://t.co/eDtjBc6HVR https://t.co/8OzaPLex2z