Blackstone, one of the world's largest owners of real estate, is far from inactive, but it's also playing a waiting game of sorts. Blackstone Global co-Head of Real Estate Ken Caplan said the private equity giant knows from experience that the type of distress deals that helped elevate it to new heights coming out of the last recession don't unfold overnight.
"If you go back to the [Great Financial Crisis], it took a couple years before that activity really picked up in terms of what you think of as traditional investment opportunities, but I think we're going to see things coming up over time," Caplan said on a Bisnow webinar Thursday."There…
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