Blackstone COO: Higher capital costs could become tailwind for real estate sector

Businessman and 2023 blocks near house. Forecast of real estate prices on the new year. Trends and changes, new challenges for the economy and the impact on housing market. Mortgage loan rates.

Andrii Yalanskyi

In the wake of a mixed Q4 earnings report, Jon Gray, Blackstone (NYSE:BX) president and COO, said Thursday that headwinds from higher interest rates led to a “challenging” quarter for segments of the real estate sector.

However, Gray told

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