Blackstone Considers Individual Investor Strategy

[Michael Episcope]

Blackstone Group LP, the world's largest private equity property investor, is considering tapping individual investors as it expands into owning high-quality buildings with steady income streams, according to a recent Bloomberg article. 

“The prospects for growth in that business are huge,” Chairman and Chief Executive Officer Steve Schwarzman said on the company’s first-quarter earnings conference call in April. “At some point as we move into the retail chain of distribution with this, we should be able to create a really very large-scale business.”

Read more on Blackstone's new strategy here.