Why it matters
The exits point to pressure within a major real estate investment business, but the supplied information does not establish broader effects on property markets, investors or jobs.
HOUSING & REAL ESTATE • UNITED STATES
Blackstone real estate team sees senior exits after weaker pay
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BLUF
Senior partners have left Blackstone’s prominent real estate team after a difficult investing period reduced returns and payouts, The Wall Street Journal reports. The supplied report does not identify the departing partners or quantify the changes.
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