In a Bloomberg Television interview, Kathleen McCarthy said the current distress

 

In a Bloomberg Television interview, Kathleen McCarthy said the current distress in the commercial real estate sector is creating opportunities for well-capitalized investors.  McCarthy is the co-head of global real estate at Blackstone.  High vacancy and interest rates in the U.S. and Europe have caused a harsh sell-off in publicly traded real estate stocks and bonds. However, its full impact is yet to be seen.  McCarthy added that Blackstone invested €3.5B ($3.8B) to date this year, majorly focusing on properties with the potential for rent to increase and compensate for higher borrowing costs.  These types of properties include warehouses, student housing, and lab spaces.  She emphasized that Blackstone leverages extensive data to help make transaction decisions.