Big Investor Sees Stock Market Right For Real EstateMany of Blackstone Group's vast U.S. real estate holdings may be bought by, or turned into, real estate investment trusts over the next couple of years, the head of the private equity group's global real estate division says. Jonathan Gray said U.S. capital markets, particularly the bond market, have opened to REITs, making it likely many of its U.S. holdings of offices, homes and hotels will be bought by current REITs or become REITs in initial
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