"Blackstone's Jon Gray Bullish on Real Estate Market Revival"

Blackstone's president Jonathan Gray predicts that commercial real estate values are bottoming and sees a potential recovery on the horizon, prompting the private equity giant to make significant real estate transactions and invest its $65 billion in available funds into the dislocated market. Gray highlights the firm's focus on residential real estate, particularly single-family and multi-family rentals, as well as its history of profiting from periods of uncertainty, such as during the Savings and Loans crisis and the aftermath of the Great Recession.