Blackstone’s Jon Gray Shares Strategic CRE Insights

Downtown Miami

MIAMI—In a special keynote session, the University of Miami’s fifth annual Real Estate Impact conference brought together two commercial real estate industry titans for a candid discussion about the state of the markets. Howard Lorber, president and CEO of the Vector Group (majority owner of Douglas Elliman Realty), interviewed Jon Gray, global head of real estate for the Blackstone Group, a multinational private equity, investment banking, alternative asset management and financial services company based in New York City.

Blackstone has $94 billion in equity under management, $175 billion in assets, and a portfolio of 50,000 single-family homes in 13 states. One third of those homes are in Florida and Gray called Miami the firm’s biggest market by value.