REIT - Is It Time To Buy The Commercial Real Estate Dip? The World's Biggest Private Equity Firm Says Why You Should | Benzinga
Blackstone Inc. (NYSE:BX) President Jon Gray believes now is a good time to invest in commercial real estate, with discounted assets and potential for growth, suggesting investors to consider looking at the asset class.
Speaking with Bloomberg‘s Francine Lacqua during his attendance at the Bank of America Global Investor Summit conference in Rome, Gray emphasized the negative perception surrounding the real estate market contrasts with the actual opportunities that have arisen from the recent decline in values.
Commercial Real Estate: A Market Ripe for Investment
According to Gray, the competition for purchasing discounted assets has not been particularly fierce, presenting a unique opportunity for those looking to invest. He stressed the imminent need for new capital as financial institutions begin to reckon with losses on loans made during periods of lower borrowing costs.
While he anticipates a ...