{"id":1004527451,"date":"2021-05-06T01:31:02","date_gmt":"2021-05-06T09:31:02","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004526464"},"modified":"2022-07-22T04:50:44","modified_gmt":"2022-07-22T12:50:44","slug":"gray-lists-opportunities-strategies-during-dla-piper-summit","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gray-lists-opportunities-strategies-during-dla-piper-summit\/","title":{"rendered":"Gray Lists Opportunities, Strategies During DLA Piper Summit"},"content":{"rendered":"
\"Jonathan<\/a>

Jonathan Gray, Global Head of Real Estate, Blackstone<\/p><\/div>\n

Jonathan Gray is less worried about the impact of government stimulus spending and more about an overheating economy as the country emerges from the pandemic.<\/p>\n

During DLA Piper\u2019s 2021 Global Real Estate Summit yesterday, the president & COO of The Blackstone Group told interviewer David Rubenstein, co-executive chairman of The Carlyle Group, that his concern is \u201calmost the opposite\u2014I\u2019m worried about overheating.\u201d He pointed to lack of spending, extensive saving and \u201clots of cabin fever\u201d as a recipe for significant economic activity, resulting in real inflation.<\/p>\n

\n

READ ALSO: DLA Piper Reports Most CRE Executives \u201cBullish\u201d for 2021<\/a><\/strong><\/p>\n

\n

That said, he views a number of real estate categories as ripe for opportunity:<\/p>\n

    \n
  • Hotels, as people return to traveling;<\/li>\n
  • Office markets, particularly those that are technology centers, because leasing demand will start to return;<\/li>\n
  • Last-mile logistics in response to the demand for e-commerce;<\/li>\n
  • Life science office buildings, particularly in Cambridge and South San Francisco;<\/li>\n
  • Single and multifamily housing, particularly in areas populated by creative talent.<\/li>\n<\/ul>\n

    Gray also reflected on the similarities between Blackstone\u2019s strategies for persevering through both the Great Recession of a decade ago and the more recent pandemic challenges, boiling down to a few key steps as his advice for surviving economic crises because \u201cyou don\u2019t know when the storm\u2019s coming\u201d:<\/p>\n

      \n
    • Acquire good businesses;<\/li>\n
    • Hold on to them;<\/li>\n
    • Have the right capital structure;<\/li>\n
    • Ensure you have liquidity to ride it out;<\/li>\n
    • Have the firepower to invest.<\/li>\n<\/ul>\n

      But he confessed that his favorite aspect of his work is the process of learning new businesses, geographies and trends, then developing a strategy for financial success.<\/p>\n

      Blackstone\u2019s real estate group owns or operates a global portfolio valued at $378 billion and has $196 billion in investor capital under management. Its investments range from opportunistic to well stabilized, along with real estate debt through Blackstone Mortgage Trust.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Jonathan Gray offered his insights on the real estate sector and the national economy while reflecting on the decisions behind his success building The Blackstone Group’s real estate practice and then heading the firm overall. <\/p>\n","protected":false},"author":755,"featured_media":1004198958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21748,21783,23891,21742,21747],"tags":[33026,34873,33129],"class_list":["post-1004527451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-industrial","category-investment","category-national","category-latest","category-office","tag-dla-piper","tag-jonathan-gray","tag-the-blackstone-group"],"acf":[],"yoast_head":"\nGray Lists Opportunities, Strategies During DLA Piper Summit - 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\/gray-lists-opportunities-strategies-during-dla-piper-summit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gray Lists Opportunities, Strategies During DLA Piper Summit\" \/>\n<meta property=\"og:description\" content=\"Jonathan Gray offered his insights on the real estate sector and the national economy while reflecting on the decisions behind his success building The Blackstone Group's real estate practice and then heading the firm overall.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gray-lists-opportunities-strategies-during-dla-piper-summit\/\" \/>\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=\"2021-05-06T09:31:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-22T12:50:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Gray-Jon_HIGH-RESOLUTION-800x620.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Suzann D. 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