{"id":1004189743,"date":"2017-09-07T04:18:45","date_gmt":"2017-09-07T12:18:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004189743"},"modified":"2022-12-08T15:40:19","modified_gmt":"2022-12-08T23:40:19","slug":"blackstone-appoints-new-executive","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-appoints-new-executive\/","title":{"rendered":"Blackstone Appoints New Executive"},"content":{"rendered":"

By Keith Loria<\/em><\/p>\n

\"New<\/a>

New York City<\/p><\/div>\n

Kelley Morrell has joined Blackstone as a managing director & head of asset management for the firm\u2019s tactical opportunities business, effective immediately.<\/p>\n

\u201cWe are excited to have Kelley join Blackstone,\u201d <\/em>David Blitzer, Blackstone\u2019s global head of its tactical opportunities group, said in a prepared release. \u201cShe has a strong track record of\u00a0successfully managing complex situations with various stakeholders across multiple industries.\u00a0We look forward to her delivering that expertise and judgment to our portfolio.\u201d<\/em><\/p>\n

Morrell most recently worked at CIT, serving as executive vice president & chief strategy officer, helping the financial holding company shape its strategic direction following its emergence from bankruptcy. The company now has more than $50 billion in assets.<\/p>\n

In her new positions, Morrell will be responsible for ongoing management and oversight of the group\u2019s investment portfolio. Additionally, she will be tasked with creating and driving added-value initiatives alongside the investment team.<\/p>\n

\u201cI am thrilled to have the opportunity to join Blackstone Tactical Opportunities,\u201d <\/em>Morrell said in the release. \u201cIt\u2019s an innovative strategy with a diverse and differentiated portfolio of investments, and I am looking forward to leading the group\u2019s asset management effort for the benefit of our investors.\u201d<\/em><\/p>\n

Extensive experience<\/h2>\n

Over her career, Morrell also held the position of senior director of the U.S. Treasury\u2019s Automotive Industry Financing Program\u00a0during the Obama Administration, where she was responsible with overseeing the taxpayer\u2019s investments in Chrysler Financial and Chrysler Group.<\/p>\n

She graduated magna cum laude from Harvard College and received her MBA with distinction from Harvard Business School.<\/p>\n

Blackstone recently nabbed a $1.1 billion U.S. commercial real estate<\/a> portfolio from a Swedish pension fund.<\/p>\n","protected":false},"excerpt":{"rendered":"

Industry vet Kelley Morrell joins the company as managing director & head of asset management for the Tactical Opportunities business.<\/p>\n","protected":false},"author":451,"featured_media":1004189745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,1600,21742,10,21744],"tags":[33391,37476,32852,33129],"class_list":["post-1004189743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-new-york","category-latest","category-northeast","category-people","tag-chrysler-group","tag-david-blitzer","tag-harvard-business-school","tag-the-blackstone-group"],"acf":[],"yoast_head":"\nBlackstone Appoints New Executive - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-appoints-new-executive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Appoints New Executive\" \/>\n<meta property=\"og:description\" content=\"Industry vet Kelley Morrell joins the company as managing director & head of asset management for the Tactical Opportunities business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstone-appoints-new-executive\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-07T12:18:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:40:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/NYC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-appoints-new-executive\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-appoints-new-executive\/\",\"name\":\"Blackstone Appoints New Executive - 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