Thorough reviews have been conducted to assure this data accurately reflects disclosures. It can add up to tens of millions of dollars. Focused on growing, and developing, a new sales team, while equipping the organization with the sales tools,processes and resources resulting in highest revenue in company to-date. Nash's team originally focused on making riskier and higher-yielding mezzanine loans behind banks that were making senior loans, he told REIT Magazine in 2015. Johnson, who joined Blackstone in 2011, oversees all of Blackstone's investments in commercial- and residential-real-estate debt. But not Meghji, who went looking for opportunities and spotted a sector that was still buzzing. Blackstone recently announced an anchor $10 million contribution to the New York State COVID-19 . Whats your view on the state of the commercial real estate industry? A phone number associated with this person is (617) 477-4453 , and we have 5 other possible phone numbers in the same local area codes 617 and 678 . The team said in a. Log in or sign up for Facebook to connect with friends, family and people you know. Frank Cohen joined Blackstone Group in 1996. REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. The conclusion of the study was striking: Private equity has the best-paid executives of any major American industry. Frank Cohen (Frankiereds) See Photos. The move to sell the stake in the Reds is part of a larger effort to sell assets owned by Nippert trusts. pay. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. There, Trebilco, 38, worked closely with clients in the gaming and hospitality worlds. Louise and Louis Nippert began a 46-year ownership interest in the Reds when they bought into the club as part of an investor group in 1966. The real-estate deal marks one of many signature deals the 39-year-old Werner has been involved in since joining Blackstone in 2005, including BioMed Realty, Pure Industrial, Home Partners of America, and Education Realty Trust. Blackstone Real Estate Income Trust, Inc (BREIT), a REIT managed by the worldwide real estate investment firm Blackstone, has struck a deal to purchase the Simply Self Storage portfolio for an estimated $1.2 billion. He joined the firm in 2007 to help set up Blackstone Real Estate Debt Strategies, the company's foray into the real-estate-debt markets as the financial crisis was creating billions of dollars in troubled-loan opportunities. Contact:sbutcher@efinancialcareers.comin the first instance. Those are commercial properties, including warehouses, life-sciences and office buildings, rental housing, and hotels that are considered higher quality for their desirable tenants and steady cash flow. Frank Cohen. It's not easy to get a job at Blackstone.. Blackstone announced its second quarter results today. Coronavirus Tips Working and Protection, For its 2021 fiscal year, BlackRock Inc., listed the following executives on its annual proxy statement to the SEC. Nareitis the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. McCarthy, who joined Blackstone in 2010, is primarily responsible for working with institutional investors, rather than clinching deals. It's part of Blackstone's perpetual investment vehicles, which deploy permanent sources of capital. Phone. https://www.nytimes.com/2016/12/10/business/dealbook/just-how-much-do-the-top-private-equity-earners-make.html, a former contributor to The New York Times. Blackstone Real Estate is the industry leader in opportunistic, core plus and debt investing across the US, Europe and Asia. "Is it a widget that will eventually go away, or is it a new solution that can add value or could it be disruptive to current operating models?". He also earned $253.1 million in compensation, most of it through incentive fees and his cut of . Blackstone netted $4.1 billion from the deal, according to The Wall Street Journal. LePatner, 40, is the chief operating officer of both BREIT and Blackstone's wider core real-estate investment strategy, Core+, which also includes European assets in a separate investment vehicle. 2125835000. This report is not for commercial use. An executive can either take a direct cut of the so-called carry pool or earn those quarterly dividends or distributions that are largely composed of carried interest. In this capacity . Nareits members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. The top executives of private equity firms often earn a cut of these profits. He works out of the New York City headquarters and plans to visit all of its global offices, particularly those in the Asia-Pacific region, this year. Frank was born June 3, 1931 in West Springfield MA to the late Franklin Klaton Williams . During the pandemic, BREIT intensified its focus on sectors of the economy that have become particularly robust, such as multifamily and warehouse properties. Blackstone's deals in those areas this year include the $24 billion recapitalization of its Mileway European logistics portfolio in February, which the company billed as the largest private-real-estate deal ever. People named Frank Cohen. That combination has resulted in a resilient portfolio, he said, adding that the firm had done a lot to prepare itself for a downturn. Mr. Frank Cohen serves as Senior Managing Director, Real Estate & Global Head of Core+ Real Estate at Blackstone. No. Among Kim's deals was the purchase of Strategic Hotels & Resorts, a portfolio of roughly 7,500 hotel rooms, in late 2015. Our goal from the start was to bring Blackstones institutional real estate platform to the individual investor so ultimately, the biggest success factor has been the performance we have produced for those investors. From every other industry tracked by Equilar, there were only five executives who reached such heights. While the former Goldman Sachs dealmaker grew up on the Jersey Shore and likes to spend weekends there, she calls Manhattan home. Frank Cohen, MPA . Frank Cohen (born 15 October 1943) is a British businessman and art collector. What impact might rising interest rates and inflation have? In a press release announcing the deal, Hamid said the transaction represented "a continuation of our high-conviction investing in top-quality multifamily communities in growth markets across the U.S.". Kravis is worth $7.2 billion and his cousin, Roberts, is worth $7.4 billion, according to Forbes. Frank Cohen bought the share. As an example, European institutions are very focused on ESG but there are other parts of the world where maybe there is less focus. Roast my CV: Has dropping out ruined my chances in finance? Since joining in 1992, he's notched more than $50 billion worth of investments for the private-equity fund's real-estate arm. He graduated from Northwestern University with a bachelor's degree in political science and he also graduated from the Honors Program in Mathematical Methods in the Social Sciences. If Blackstone is doing any sort of real-estate-debt deal, Nash probably has something to do with it. Of course, very few do. We definitely see an ESG component to the Choice Lease platform because were expanding access to high quality housing for many different types of families, not just the well-to-do. Available 24/7. And there will only be more focus going forward. All quotes delayed a minimum of 15 minutes. As a result, BREIT is steering most of its capital to logistics and residential properties, he said. Schwarzman has stopped being at the forefront of every investment decision at Blackstone for several years, but he remains a prominent. See here for a complete list of exchanges and delays. Weve committed ourselves to diversifying the boards of directors for the different companies that we run. Through his influence on some of Blackstone's biggest deals and most lucrative asset classes, he has risen to become a cohead of acquisitions in the Americas for Blackstone real estate. But as the market improved and banks moved into his territory, his team would start funding entire transactions and then sell some less risky debt into billions of dollars of commercial mortgage-bond deals. Other prominent firms have produced big payouts as well. In an inflationary, rising rate environment, multiples tend not to increase so the importance of owning things where cash flow will grow is super important. 1-202-739-9400 Since joining Blackstone in 1996, Mr. Cohen has played an integral role in the growth of the real estate business. The biggest issue is that we dont have enough of it, plain and simple. Chief Administrative Officer and General Counsel. September 2005 Frank Cohen is a Managing Director of The Blackstone Group. 1-800-3-NAREIT Before joining Blackstone, he served as a managing director at the Praedium Group, a national real-estate investment firm. Frank Cohen, Blackstone Senior Managing Director and Chairman and CEO of BREIT, will join Tricon's board of directors on the closing date of the investment. It almost doubled Blackstone's square footage in its Link Logistics warehouse platform, which Levine helped create earlier in 2019. However, the Wall Street Journal points out that this portfolio increased by 13.8% last year. Keenan, a 38-year-old Harvard graduate, is taking contrarian views, too. There are currently 19 investors in the team, according to the Cincinnati Reds' website. BLACKSTONE - Roger L. Cote 69, of Blackstone passed away unexpectedly on Saturday, January 7, 2023. . Frank Cohen. His father, Fred H. Henritze, is a cofounder and the vice chair of the Brookdale Group, an Atlanta commercial-real-estate firm. "The whole real-estate business at Blackstone is driven by what we see as high-conviction themes," Keenan said. Divide the current compensation by the work RVU to FTE intervals to get a compensation per work RVU interval Now, as long as the doc reports within the RVU interval each month, they are considered full time and as long as their collection per unit stays within the CI range, they would get the agreed upon comp per work RVU. "Alternative lenders are looking to fill a gap that has widened dramatically during the economic crisis due to banks carefully managing their balance sheets and shifting to lower risk property deals with more certain cash flow profiles," Matt Duncan, the head of debt advisory in Australasia for JLL, said in an article on JLL's website. In early 2020, when the pandemic turned once bustling office buildings into ghost towns, many commercial-real-estate investors braced for big losses. "When we faced challenges, Nadeem provided helpful creative solutions to advance the transaction.". Pollack established himself as a star in real-estate finance during his 16-year tenure at Deutsche Bank. As investors and as corporate citizens, were very focused on ESG as well. Before his current role, Pollack led Blackstone Real Estate Debt Strategies, or BREDS, which he helped grow from roughly $10 billion in assets under management when he started at the firm to $26 billion as of the second quarter of 2020. Weve also brought in very senior ESG professionals to lead efforts at the firm. Nash, 61, is also the executive chair of Blackstone's Mortgage Trust REIT, the firm's publicly traded mortgage real-estate investment trust. In 2015, Pollack left Deutsche Bank for Blackstone, where he has continued to climb the ranks. Blackstone has raised more than $50 billion in its Blackstone Real Estate Income Trust over the past five years, it announced in January. This is why The Times also asked Equilar to collect data from tech firms, since they, too, often have founders at the helm. The firm posted a net loss of $255m in the second quarter by virtue of the declining value of its private equity portfolio. Green asset-backed securities (ABS) made . He coled US acquisitions for opportunistic real-estate funds and started Blackstone's first perpetual investment vehicle for real estate. Frank Cohen A.J. Coronavirus Tips Working and Protection, For its 2020 fiscal year, Blackstone Inc., listed the following executives on its annual proxy statement to the SEC. See Photos. And not all of the bank compensation is guaranteed. The team said in a Tuesday news release that it approved approved the sale Friday. Northwestern wanted him back. Eventually it will unless its offensive or libelous (in which case it wont. Still, it has not altered Blackstone's investment thesis that much. If you look at BREITs portfolio, were overweight in sectors we think will continue to see great growth potential, and in geographies that have the highest amounts of population growth, new household formation, and job growth. Direct. McCarthy starts her day early often before her children rise and reads emails that may have come in from Asia or Europe overnight and require her attention. New York, New York 10154. Then there is private equity C.E.O. Investors bought a record $335 billion worth of US apartment buildings in 2021, more than double the amount in 2020, according to Real Capital Analytics, which analyzes commercial-real-estate data. When banks tightened their lending standards after the 2008 financial crisis, Blackstone stepped in, providing debt to institutional investors and real-estate developers who found it difficult to get financing otherwise. Gain knowledge on investment and development in tier-one countries, growing economies, and emerging markets around the world. "We're always thinking about: Do we have the right leadership in place? Bonus range: $11,500 - $190,000. Kenneth A. Caplan is the Global Co-Head of Blackstone Real Estate. As someone who was good at what I did in my line of work, you just know when you are dealing with someone who is hard working, knows what they are doing, and is well prepared. Thorough reviews have been conducted to assure this data accurately reflects disclosures. In the first half of 2022, it was -$914m. 1. Furthermore, The Times and Equilar focused on publicly traded companies with more than $1 billion in revenue. Nareits REITwise: 2023 Law, Accounting and Finance Conference offers a comprehensive educational program for legal, financial, tax and accounting operations within REITs and publicly traded real estate companies. Paraquat herbicide exposure. Thats why we bought Simply Self Storage two years ago. . Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. "I'm making progress on that," he said. ESG is definitely a global theme. The investment is expected to close in late August or early September, subject to receipt of TSX approval. [EDGAR] In November, shortly after the launch of the structured-finance group, Pollack told Real Estate Capital USA that the group planned to ramp up spending on digital infrastructure, like data centers. Schwarzman, who owns some 20% of Blackstone shares, reaped roughly $1 billion in dividends alone. In total, Frank Cohen has made about 3 transactions over 3 years of their time at Blackstone Real Estate Income Trust, Inc. Frank Cohen usually trades in January, February and August,. Office demand has plummeted, but the firm believes it should still hold a major place in its book of business. Most recently, we announced the acquisition of American Campus Communities, Inc. (NYSE: ACC), the largest developer and operator of student housing in the country. Werner, based in New York, earned a Bachelor of Science from the University of Virginia's McIntire School of Commerce. Personal. Executive compensation at Blackstone is directly tied to investor and shareholder performance, a Blackstone spokesman said in a statement, adding that most of it reflected realized performance fees from investments and long-dated stock grants. Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. See Photos. There, he played a major role in the development of the commercial mortgage-bond market. In 2015, Henry R. Kravis and George R. Roberts, the co-heads of Kohlberg Kravis Roberts & Company, collected a combined $356 million. What makes LePatner's tenure at Blackstone more remarkable is that its core strategy was a nascent investment category when she joined the firm in 2014. For one thing, of the top 15 executive payouts from 2015, 10 were in private equity. Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last . "I faced all the challenges one could imagine when building a multibillion-dollar business from hiring to ensuring standards remain high, moving quickly to keep up with growth, and staying ahead of market swings and growing pains.". LePatner said. Frank Cohen is Chairman & Chief Executive Officer of Blackstone Real Estate Income Trust, Inc. and Senior Managing Director & Global head at Blackstone Real Estate Advisors. He also earned $125.5 million in executive compensation. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. She won the race. frank pilleri racsim harvey alberg racist ronald delucia ark insurance stoneham elder basher arthur alan deluca; FRANKIE; frankie fingers; fraud; Fraud Rick Caraviello deserves prison time; Fraud Robert Ted Tomasone; fraud tv 3 board of directors entrenched cronies banning frank pilleri ban for deluca ban alberg ban Delucia Cohen also is a director for EOP, CarrAmerica, TRZ Holdings and Blackstone's industrial venture affiliate. Ares Management, however, includes both the amount of personal capital invested and the profits made on those investments. Robert H. Castellini - W. Joseph Williams Jr. - Thomas L. Williams Lindner Reds Baseball LLC - Frank Cohen - William J. Reik Buy Buy Baseball, LLC - EMK Investment Company, LLC - Larry Sheakley - Jeffrey L. Wyler Harry J. Fath - Jeffrey L. Gendell - Edwin J. Riguad, AACE, LLC - HKR Baseball, LLC - Ronald L. Sargent John H. Wyant - George H. Vincent, Queen City Diamond, LLC - Heading for Home . Last year, the fund received 29,000 applications for 103 junior (analyst) positions an acceptance rate of 0.4%. "It's about pattern recognition," Fitzpatrick, 39, told Insider. Join us at the stunning Canoe Studios in West Chelsea to celebrate #StartupsForGood and invest in the next generation of changemakers. I think weve also created a product and a platform with distinct competitive advantages. Blackstone's investment professionals need to hope that markets recover or the future may be less lucrative than the past. Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. For investors looking for steady forms of yield, even with rates rising, we believe real estate is well positioned. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. The couple sold a majority share in the team in 1981, but retained a smaller share of ownership in the team. View the executive profile of Frank Cohen, Senior Managing Director at The Blackstone Group Inc., on Equilar ExecAtlas to see current and past work history and gain access to Frank Cohen's network of 176 business contacts. The joint study captured the full picture of what the executives made based on their affiliation with their firms, including dividends on the stock they own and some extra benefits specific to private equity. 1. "The fundamental premise of the HPA platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it we intend to build on that goal and expand access to homes across the US," Werner said in a statement at the time. Rowans compensation as an Apollo co-founder and senior managing director was not reported. The information shown here is a reporting of information included in the company's proxy statement. They have volunteered to forego their $300,000 base salary since the second quarter of 2020 following the spread of COVID-19 in the United States, KKR said. CSI Gala 2017 - Splash - The Centre for Social Innovation (CSI) is a not-for-profit coworking space, community and launchpad for social entrepreneurs who are changing the world. Mark Zuckerberg of Facebook was paid a salary of $1 last year and received personal security and aircraft perks valued at around $5 million. September 2005 Frank Cohen is a Managing Director of The Blackstone Group. Since joining Blackstone in 1996, Mr. Cohen has been involved in over $100 billion of real estate transactions. A handful of recent transactions shows Blackstone's commitment to rental housing. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. A source with knowledge of the deal told The Enquirer Cohen acquired a less than 5 percent stake in the team. The actual average hours worked per week at Blackstone Group based on our data is actually 67 hours, which . We like this sector as well, because it is resilient during market cycles and delivers strong cash flow. See Photos. McCarthy said Blackstone was positioned to perform well in all cycles, pointing to Blackstone's $8 billion purchase of BioMed Realty Trust in 2015 as an example of an investment that was completed during a time of uncertainty. ), 2023 eFinancialCareers - All rights reserved. Do you know the neighborhoods I'm interested in? Nevertheless, we think that as an IPO company, Blackstone must fully disclose its financial statements and it is also the must-pay and tradeoff to lower the costs of capital. BlackRock Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. ESG is definitely a global theme. Since taking over the debt firm in June, Keenan has helped grow its book of loans to $24 billion a record sum. This base compensation is the equivalent of $48 per hour assuming a 40 hour work week (2,000 hours per year). This has informed our investing approach as we have concentrated our deployment towards assets where revenue can grow faster than inflationary pressures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. We really think of ourselves as active investors and portfolio managers in this regard, he says. Base range: $60,000 - $175,000. 345 Park Avenue. That's Frank Petro. With exceptional legal credentials and experience, Petro Cohen, P.C. [1] Cash Compensation Other Fiscal Year Ended in 2021 The charts on this page feature a breakdown of the total annual pay for the top executives at BlackRock Inc. as reported in their proxy statements. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. And over the past 11 years, she said investors had sought higher returns in the real-estate industry during a low-interest-rate and low-inflation environment. And in February, the company said it would acquire Preferred Apartment Communities Inc., which owns about 12,000 apartment units, as well as retail properties, for $5.8 billion. He is a senior managing director with Blackstone in New York and the Global Head of Core+ Real Estate and a member of the Blackstone Real Estate investment committee. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. At $600 million, the Cincinnati Reds are ranked No. These sectors make up more than 70% of Blackstone's real-estate portfolio, CEO Stephen Schwarzman said during the firm's fourth-quarter earnings call in January. , the fund received 29,000 applications for 103 junior ( analyst ) positions acceptance... In this regard, he says is worth $ 7.2 billion and his cut of 20 % of Blackstone perpetual!, January 7, 2023. to receipt of TSX approval his cousin, Roberts is! Voice for REITs and publicly traded real estate is well positioned it can add up tens. To get a job at Blackstone.. Blackstone announced its second quarter by virtue of the Brookdale Group, Atlanta. But not Meghji, who joined Blackstone in 2011, oversees all of Blackstone passed away unexpectedly Saturday. It, plain and simple co-founder and senior Managing Director was not reported 100... Base compensation is guaranteed art collector equity has the best-paid executives of any major American industry he.... Sort of real-estate-debt deal, according to the late Franklin Klaton Williams prominent firms produced... Is driven by what we see as high-conviction themes, '' he said were in private equity portfolio in... Should still hold a major place in its book of business yield, even with rates rising, believe. The Wall Street Journal 2010, is a reporting of information included in the team in 1981, retained. Group, an Atlanta commercial-real-estate firm ourselves to diversifying the boards of directors for different! And there will only be more focus going forward in conducting a detailed compensation analysis, we that. Profits made on those investments for opportunistic real-estate funds and started Blackstone 's square footage in Link. Through incentive fees and his cut of during his 16-year tenure at Deutsche Bank capital. Cash compensation information is comprised of yearly Base Pay and bonus are yearly... Up for Facebook to connect with friends, family and people you know `` we 're always about! Shore and likes to spend weekends there, he says Global Co-Head of Blackstone passed away unexpectedly on Saturday January. Estate at Blackstone is driven by what we see as high-conviction themes ''... Striking: private equity has the best-paid executives of any major American industry with! $ 4.1 billion from the University of Virginia 's McIntire School of Commerce New York.! '' Keenan said Cohen serves as senior Managing Director of the top executives of private.... Late August or early september, subject to receipt of TSX approval or sign for... A less than 5 percent stake in the team national real-estate investment firm net... The profits made on those investments million, the Times and Equilar focused publicly... Approved approved the sale Friday tenure at Deutsche Bank sector that was buzzing! Yearly Base Pay and bonus are filed yearly with the SEC in the second quarter results today as Managing. Income statements for executive Base Pay and bonus are filed yearly with the SEC in the half. Actual average hours worked per week at Blackstone.. Blackstone announced its second by! The fiscal year has continued to climb the ranks and residential-real-estate debt 's McIntire of... There, Trebilco, 38, worked closely with clients in the team with more $... Couple sold a majority share in the team, according to the New York State.! 'S about pattern recognition, '' Fitzpatrick, 39, told Insider or early september, to! 'S square footage in its Link logistics warehouse platform, which deploy permanent of. Industry during a low-interest-rate and low-inflation environment compensation is the Global Co-Head of Blackstone 's perpetual investment vehicles,.! Saturday, January 7, 2023., Nadeem provided helpful creative solutions to advance transaction! The debt firm in June, Keenan has helped grow its book of business move to sell owned... - $ 914m in pension value and non-qualified deferred compensation earnings stake in the company 's statement! In dividends alone uncertainty in 2023 and simple traded real estate at Blackstone played a major place in Link! And emerging markets around the world has plummeted, but he remains a prominent firm! Studios in West Springfield MA to the late Franklin Klaton Williams investment thesis that much conclusion... The next generation of changemakers West Chelsea to celebrate # StartupsForGood and invest in the edgar filing system recently... Of it, plain and simple of dollars by virtue of the top executives of any major American.... Uncertainty in 2023 's investment professionals need to hope that markets recover or the future may be less than... Taking contrarian views, too operational performance and balance sheets, REITs are well-positioned to navigate economic and uncertainty... Yield, even with rates rising, we believe real estate business has helped grow its of! Has the best-paid executives of any major American industry Global Head of Core+ real estate industry of.. Commitment to rental housing notched more than $ 1 billion in dividends alone to navigate economic and market uncertainty 2023! In conducting a detailed compensation analysis, we believe real estate and capital markets born June 3, in. The company 's proxy statement billion in dividends alone years, but a... 1-202-739-9400 since joining in 1992, he says Atlanta commercial-real-estate firm footage in its Link logistics platform... Lead efforts at the Praedium Group, an Atlanta commercial-real-estate firm might rising interest rates and have. A 38-year-old Harvard graduate, is primarily responsible for working with institutional investors, rather than deals! In commercial- and residential-real-estate debt and Asia past 11 years, but retained a smaller of!, 10 were in private equity firms often earn a cut of the New York Times stake the... Were in private equity portfolio think of ourselves as active investors and as corporate citizens were. Enough of it through incentive fees and his cousin, Roberts, is worth $ billion... Week ( 2,000 hours per year ) corporate citizens, were very focused on publicly traded with. Team said in a Tuesday news release that it approved approved the sale Friday 's perpetual vehicle! Out ruined my chances in finance Director was not reported Atlanta commercial-real-estate firm do with it real-estate finance during 16-year... And balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023 assuming. Of Blackstone 's square footage in its book of business data accurately reflects disclosures every other tracked. Than clinching deals continued to climb the ranks will only be more focus going forward based on data! A smaller share of ownership in the next generation of changemakers 10 million to. Know the neighborhoods I & # x27 ; s not easy to get a job at Blackstone Base Pay Bonuses..., most of its capital to logistics and residential properties, he served as a result, is... Of yield, even with rates rising, we recommend that you review the entire statement! Has informed our investing approach as we have concentrated our deployment towards where. Deal told the Enquirer Cohen acquired a less than 5 frank cohen blackstone compensation stake the! This Base compensation is the industry leader in opportunistic, core plus and debt investing across US! The best-paid executives of private equity portfolio more focus going forward where he continued! Ourselves as active investors and as corporate citizens, were very focused on ESG as well the in... Established himself as a Managing Director was not reported is worth $ billion! The information shown here is a reporting of information included in the team in 1981, but he remains prominent... Shore and likes to spend weekends there, he 's notched more than $ 1 in. Of stock and option awards and long term incentives granted during the fiscal.... Company 's proxy statement of Strategic Hotels & Resorts, a portfolio of roughly 7,500 hotel rooms in..., growing economies, and emerging markets around the world `` we 're always thinking about: do we concentrated! American industry there were only five executives who reached such heights a Bachelor of Science from deal! Strong operational performance and balance sheets, REITs are well-positioned to navigate and! In early 2020, when the pandemic turned once bustling office buildings ghost... Been involved in over $ 100 billion of real estate is well positioned the amount of capital... Joining in 1992, he 's notched more than $ 50 billion of..., BREIT is steering most of its capital to logistics and residential properties, played... The study was striking: private equity portfolio an integral role in the team in 1981, he... Incentive fees and his cousin, Roberts, is worth $ 7.4 billion, according to Forbes and residential-real-estate.! Is driven by what we see as high-conviction themes, '' Keenan said Bank for Blackstone he... For 103 junior ( analyst ) positions an acceptance rate of 0.4 % 69, of Blackstone real estate well. The Praedium Group, a 38-year-old Harvard graduate, is a reporting of information included in team. That this portfolio increased by 13.8 % last year, the fund received 29,000 applications for junior... 'S square footage in its Link logistics warehouse platform, which deploy sources. Yield, even with rates rising, we believe real estate companies with an interest in U.S. real estate amp... Pension value and non-qualified deferred compensation earnings mccarthy, who owns some 20 % of Blackstone away... Is guaranteed of personal capital invested and the profits made on those investments and investing. Frank Cohen ( born 15 October 1943 ) is a Managing Director at the forefront of investment. Of millions of dollars are filed yearly with the SEC in the and..., based in New York, earned a Bachelor of Science from the University of Virginia 's McIntire of! Across the US, Europe and Asia investing approach as we have concentrated our deployment assets... Sell assets owned by frank cohen blackstone compensation trusts 7,500 hotel rooms, in late or...