Jonathan Gray Getty News Today : Breaking News, Live Updates & Top Stories | Vimarsana

During its Wednesday earnings call, officials at the publicly traded firm emphasized its holdings in logistics, suburban multifamily and life sciences — sectors which have performed well despite, or because of, the pandemic. In December, Blackstone acquired a life sciences portfolio from Brookfield Asset Management for $3.45 billion. It also picked up a 2.1 million-square-foot warehouse portfolio from Iron Mountain for $358 million, adding to its 800 million square feet of logistics holdings. At 40 percent, the greatest share of holdings in Blackstone’s non-traded real estate income trust...

Share via Shortlink Clockwise from left: Richard LeFrak, Related chairman Stephen Ross, A&E’s Douglas Eisenberg, Cammeby’s International Group founder Rubin Schron and Blackstone president Jonathan Gray (Getty, iStock)   While 2020 was a turbulent year for New York City, things have largely stayed the same for the city’s biggest rental landlords. Policy changes in 2019 left New York’s multifamily players reeling, but the rental apartment sector experienced remarkably little distress compared to other sectors, like office or retail — something that industry experts had predi...