As a result, new supply has been virtually nonexistent," Meghji wrote in a blog post just months after the deal. Chairman and Chief Executive Officer. About 42% of its volume was for apartment properties in 2021. 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 . Schwarzman, 74, received $86.4 million in compensation and $524.1 million in dividends from his Blackstone shares, a regulatory filing showed on Friday. Email. It is worth noting some limitations of the data. In the first half of 2022, it was -$914m. There is no doubt that more people are focused on ESG and working towards strong, positive ESG outcomes across portfolios. See Photos. Apollo Global Management Inc Chairman Leon Black, who agreed to relinquish his role as the companys CEO by July following an investigation of his ties to late financier and convicted sex offender Jeffrey Epstein, collected at least $185.2 million in 2020, another regulatory filing showed. You may also find the annual proxy statement by going directly to the company's website. In addition, clearly our goal is to be good investors and provide solid returns for those who invest in our real estate funds. 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. 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. An associated email addresses for Frank Cohen are life***@ole.com , dan***@usa.com and more. 345 Park Avenue. Date: The information shown here is a reporting of information included in the company's proxy statement. Forbes in 2015 dubbed his group at that bank "Wall Street's largest underwriter of real estate debt." "Demand for studio space in Los Angeles has been strong, but rising land values have made building new facilities very expensive. Frank Cohen. Nash had a long career before Blackstone, working at Barclays Bank, Deloitte, and the Bank of Nova Scotia before spending a decade leading Merrill Lynch's real-estate principal investment group from 1997 to 2007. Before joining Blackstone's real-estate group, he was an analyst in the firm's restructuring and reorganization group. He joined Blackstone 10 years ago from Capital IQ with a goal of making its massive amount of proprietary real-estate and private-equity data more useful to investors. Frank Cohen, Blackstone's global head of Core+ Real Estate and chairman and CEO of Blackstone Real Estate Investment Trust, told Nareit the pandemic may have changed many things globally. He told Insider that about 70% of Blackstone's real-estate portfolio consisted of three themes: logistics, residential, and life sciences. The majority of the windfall stemmed from Schwarzmans 19.3% stake in Blackstone. Henritze recalled telling his friend. 2. The idea that "Felix Cohen was the Blackstone of Federal Indian Law" has stylistic appeal and could have been little more than a gracious way to celebrate Cohen. Blackstone Real Estate Investment Trust, the largest non-publicly traded real-estate investment trust, faces its biggest challenge since its inception in 2017 amid a setback in public real-estate. Both are very stable asset classes. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. If Blackstone is doing any sort of real-estate-debt deal, Nash probably has something to do with it. Other prominent firms have produced big payouts as well. As such, a private equity executive not captured within this data may make even more. The firm has also been sinking its investor capital a pool it's diversified through smaller investors into a biotech hub in Colorado and the owner of 44 multifamily communities and about 12,000 housing units in the Southeast. It can add up to tens of millions of dollars. We are trying to make 90% of our portfolio green building certified. Agarwal, 55, is at the center of the firm's Core+ business, a division that targets long-term investments supported by minimal debt. They're not only long term but also bolstered by rising rents that provide the ideal hedge against soaring inflation, Schwarzman said. Inflation is rising, and interest rates are going in the other direction. He let her build the car by herself. Our job is to always be looking at where we see avenues of growth and then overweight those avenues. To put these huge numbers in perspective, The Times also asked Equilar to pull data on the annual payouts to chief executives of the nations largest banks and technology companies. Coronavirus Tips Working and Protection, For its 2020 fiscal year, Blackstone Inc., listed the following executives on its annual proxy statement to the SEC. Fitzpatrick has become something of a king maker in real-estate technology for his role in evaluating a constant flow of property-technology firms seeking Blackstone's approval. Last year, we did the QTS Realty Trust deal, which was a large data center deal. If there were any missteps over the past five years, what were they and what did you learn from those experiences? 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. 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. It's been on both sides of the trade in life-sciences properties, with its BioMed Realty acquiring a 22-building campus in Boulder, Colorado, for more than $600 million and selling a San Diego portfolio for $464 million. 20 on a Forbes list of valuations for MLB teams. Trebilco's expertise also proved crucial to the $2.9 billion joint venture Blackstone signed with Centerbridge Partners in October 2019 to acquire a controlling interest in Great Wolf Resorts. Phone. Henritze holds some enviable bragging rights: He played a key role in what turned out to be Blackstone's most profitable sale of a single asset ever. We are constantly looking into interesting trends and anticipating change. But the absorption of GSO wasn't . Log In. Blackstone owns about $116 billion worth of such assets, mostly through its $100 billion private-investment fund BREIT. And since he joined Blackstone in 2016, those relationships have borne billions of dollars in fruit for the private-equity firm. Asia Pacific; EMEA; Latin America; UK Solicitors; UK Bar; United States With exceptional legal credentials and experience, Petro Cohen, P.C. 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. Do you know the neighborhoods I'm interested in? All rights reserved. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. This is why The Times also asked Equilar to collect data from tech firms, since they, too, often have founders at the helm. Blackstone is currently in the process of expanding its EMEA operations under Farhad Karim. And we do that by identifying themes benefiting from changes in the way people are living, shopping, working, and spending their leisure time," Kim said. His net worth is pegged at $8.5 billion, according to Forbes. You may also find the annual proxy statement by going directly to the company's website. The private equity firms argue that their executives could retire to a beach and earn these same dividends. It's not easy to get a job at Blackstone.. Blackstone announced its second quarter results today. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. For us, this is an opportunity to make a great investment all the way around. Since joining Blackstone in 1996, Mr. Cohen has been involved in over $60 billion of real estate investments. "One signature of our culture is that we are highly connected, highly communicative," McCarthy said. 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. Gray, 51, has a net worth of $4.5 billion, according to Forbes. 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. The resorts include indoor water parks, restaurants, and other recreational options which tapped Trebilco's experience in not just real estate but also hospitality and entertainment. Whats your view on the state of the commercial real estate industry? "I think there will be a benefit in the broadening of our experiences the more things we see, the more we find opportunities, the more we learn about new areas where our capital can provide value on behalf of our investors," Pollack told the news and intelligence service, which is focused on real-estate finance. What are some of the success factors youve seen in investing? Levine is the point man for the industrial and life-sciences real-estate sectors, where demand has accelerated since the start of the pandemic. 2.2. Indeed, Lawrence J. Ellison, the co-founder, executive chairman and former chief executive of Oracle, collected the second largest payout in the joint study. Kim has arranged some of the fund's signature deals. There, he played a major role in the development of the commercial mortgage-bond market. Boston New York City Houston Chicago Los Angeles Atlanta. 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. Using the same method it used for private equity, Equilar collected data from the nations largest banks and the technology giants. Among Kim's deals was the purchase of Strategic Hotels & Resorts, a portfolio of roughly 7,500 hotel rooms, in late 2015. Hamid, a graduate of New York University, is a seasoned veteran of the multifamily space. Paraquat herbicide exposure. New York, New York 10154. Rowans compensation as an Apollo co-founder and senior managing director was not reported. Chief Administrative Officer and General Counsel. While traditional lenders pulled back because of economic uncertainty, the company raised $8 billion for its latest real-estate debt fund, BREDS IV, which closed in September 2020. Caplan, 48, has worked at Blackstone since 1997. Your California Privacy Rights / Privacy Policy. In early 2020, when the pandemic turned once bustling office buildings into ghost towns, many commercial-real-estate investors braced for big losses. Since joining Blackstone in 1996, Mr. Cohen has played an integral role in the growth of the real estate business. 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. Frank Cohen. Robert Aderholt, R-Ala., has introduced House Resolution 3799, the Constitutional Restoration Act of 2004. There are currently 19 investors in the team, according to the Cincinnati Reds' website. Just How Much Do the Top Private Equity Earners Make? Bank CEO identifies the new most important jobs in private equity, Goldman Sachs MDs seen quitting for Balyasny, Citadel post-bonuses, Now Credit Suisse lost some of its most senior credit people in Paris, Bankers on TikTok: The MD on 500k+, the PE guy on 200k+. That's Frank Petro. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. An in-depth comparative examination of legal history and jurisprudence however corroborates and amplifies the soundness of the comparison. If you went back 20 years and looked at the Blackstone real estate portfolio then, it was probably a third office, a third hotels, and a third other sectors. 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. Just a few months later in 2016, he arranged for Blackstone to sell all but one of the hotel properties for $6.5 billion, which netted a quick $500 million profit. Since joining Blackstone in 1996, Cohen has been involved in over $100 billion of real estate transactions. Since joining Blackstone in 1996, Mr. Cohen has played an integral role in the growth of the real estate business. The firm posted a net loss of $255m in the second quarter by virtue of the declining value of its private equity portfolio. Frank Cohen is currently Chairman of the Board and Chief Executive Officer at Blackstone Real Estate Income Trust - View - Blackstone Real Estate Income Trust org chart The firm Park Lane specializes in helping to sell sports franchises. This base compensation is the equivalent of $48 per hour assuming a 40 hour work week (2,000 hours per year). Kravis is worth $7.2 billion and his cousin, Roberts, is worth $7.4 billion, according to Forbes. Keenan, a 38-year-old Harvard graduate, is taking contrarian views, too. In addition to his work with Core+, Agarwal is a director and president of Blackstone Real Estate Income Trust, or BREIT, and is a member of Blackstone's real-estate investment committee. Meghji, the head of real estate for the Americas at Blackstone, knew that demand for studio space was still strong in Hollywood, where costly new build-outs had come to a halt. Analysis-Wood's ARK slammed by higher interest . Since joining the firm, he's been involved in more than $100 billion of real-estate acquisitions and initiatives. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Top executives at the publicly traded private equity firms get all that, and a whole lot more. Personal. 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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. The firm's real-estate division manages about $280 billion, with investments including warehouses, Hollywood studios, and biotech laboratories. For example, an . "Everyone has a good pitch, but the real question is how valuable and developed the solution is," Fitzpatrick said. She heads into Blackstone's office, typically by 8:30 a.m., and dives into a day of meetings and phone calls with investors and internal staff members. Well find that these tenants will have very stable occupancy rates, so we get a good risk adjusted return overall. Meghji noted that studio tenants renewed and even expanded their leases on the lots during the pandemic, which illustrated their strong desire for space to produce content. Frank Cohen has been chairman and the CEO of BREIT since July 2016. "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.". On 9 February, 2007, it paid $39B for the listed company, using $32B of debt. Frank Cohen - $79,200 in Political Contributions for 2020, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . Restructuring and reorganization group big payouts as well recommend that you review the entire statement! These same dividends real-estate group, he 's been involved in over 60. Majority of the windfall stemmed from Schwarzmans 19.3 % stake in Blackstone the process expanding. Robert Aderholt, R-Ala., has worked at Blackstone.. Blackstone announced its quarter... Every shareholder in advance of the data corroborates and amplifies the soundness of the multifamily.. 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