{"id":1004207189,"date":"2018-02-15T04:17:49","date_gmt":"2018-02-15T12:17:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207189"},"modified":"2022-12-07T16:26:38","modified_gmt":"2022-12-08T00:26:38","slug":"blackstone-rearranges-top-execs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-rearranges-top-execs\/","title":{"rendered":"Blackstone Rearranges Top Execs"},"content":{"rendered":"<p>By Scott Baltic<\/p>\n<div id=\"attachment_1004207214\" style=\"width: 367px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/James-Hamilton.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207214\" data-attachment-id=\"1004207214\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blackstone-rearranges-top-execs\/james-hamilton\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/James-Hamilton.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"James Hamilton\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;James Hamilton&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/James-Hamilton.jpg?w=800\" class=\"wp-image-1004207214 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/James-Hamilton.jpg\" alt=\"Jon Gray\" width=\"357\" height=\"277\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/James-Hamilton.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/James-Hamilton.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/James-Hamilton.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 357px) 100vw, 357px\" \/><\/a><p id=\"caption-attachment-1004207214\" class=\"wp-caption-text\">Jonathan Gray<\/p><\/div>\n<p>Jonathan Gray, Global Head of Real Estate at Blackstone, will take over the company\u2019s day-to-day management and assume the titles of President\u00a0&amp; COO Tony James, who will continue in a full-time role as the firm\u2019s executive vice chairman. Both will report to Stephen Schwarzman, Blackstone\u2019s Co-Founder, chairman\u00a0&amp; CEO. In addition, two longtime leaders in Blackstone\u2019s real estate group, Ken Caplan and Kathleen McCarthy, will succeed Gray as global co-heads of real rstate. Gray will continue to chair the Real Estate Investment Committee.<\/p>\n<p>Gray came to Blackstone in 1992 straight from the University of Pennsylvania, first working in the firm\u2019s private equity and M&amp;A areas before joining the real estate group at its inception. He has led this area since 2005, helping build the world\u2019s largest real estate business with more than $115 billion of investor capital. Gray also sits on Blackstone\u2019s board of directors and management committee.<\/p>\n<p><em>\u201cOne of my most important responsibilities is succession,\u201d<\/em> James said in a prepared statement. <em>&#8220;The appointment of Jon as President\u00a0&amp; COO lays the foundation for the next generation of senior management and positions the firm well for future leadership,\u201d\u00a0<\/em>Schwarzman added.<\/p>\n<p>James had joined Blackstone in 2002 as vice chairman\u00a0&amp; COO and assumed the title of president in 2006 on the retirement of Co-Founder Peter Peterson. Major initiatives led by James include the firm\u2019s IPO, the acquisitions of GSO and Strategic Partners, the spin-off of the firm\u2019s advisory business into PJT Partners, and the founding of Blackstone&#8217;s Tactical Opportunities, Core Private Equity, Infrastructure, Insurance Solutions and retail initiatives.<\/p>\n<div id=\"attachment_1004207215\" style=\"width: 361px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/blackstone.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207215\" data-attachment-id=\"1004207215\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blackstone-rearranges-top-execs\/blackstone-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/blackstone.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"blackstone\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/blackstone.jpg?w=800\" class=\"wp-image-1004207215 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/blackstone.jpg\" alt=\"Tony James\" width=\"351\" height=\"272\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/blackstone.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/blackstone.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/blackstone.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 351px) 100vw, 351px\" \/><\/a><p id=\"caption-attachment-1004207215\" class=\"wp-caption-text\">Tony James<\/p><\/div>\n<p>In his new role, James will continue to sit on the firm\u2019s investment committees, help develop new businesses and manage strategic external relationships. Like Gray, he will also continue to serve on the firm\u2019s Management Committee and Board of Directors.<\/p>\n<h2>Major experience to new positions<\/h2>\n<p>The new Global Co-Heads of Real Estate, Caplan and McCarthy, have extensive experience with every aspect of Blackstone\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/meet-blackstones-new-leader-of-infrastructure\/\">real estate business<\/a> and have helped oversee its major functions.<\/p>\n<p>Caplan currently serves as a senior managing director &amp; global\u00a0CIO of the real estate group. He has spent 21 years at the firm\u2014nearly his entire career\u2014during which he has been involved in more than $100 billion of CRE acquisitions globally. Caplan spent several years in Blackstone\u2019s London office, serving as head of real estate Europe.<\/p>\n<p>McCarthy currently serves as a senior managing director &amp; global COO of Blackstone Real Estate. She is responsible for the real estate business\u2019s day-to-day operations, with a particular focus on its investors, capital-raising and business development efforts across new investment products. She has been in real estate her entire career, having joined Blackstone in 2010 after a decade in real estate investments and M&amp;A.<\/p>\n<p><em>Photos courtesy of Blackstone<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jonathan Gray has been named president &amp; COO, as Tony James moves into the executive vice chairman slot. In addition, two longtime execs will co-head global real estate, the position Gray is vacating. <\/p>\n","protected":false},"author":882,"featured_media":1004207214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,23891,21742,21744],"tags":[39127,36965,33129],"class_list":["post-1004207189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-national","category-latest","category-people","tag-jon-gray","tag-stephen-schwarzman","tag-the-blackstone-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blackstone Rearranges Top Execs - 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-rearranges-top-execs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Rearranges Top Execs\" \/>\n<meta property=\"og:description\" content=\"Jonathan Gray has been named president &amp; COO, as Tony James moves into the executive vice chairman slot. 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