At the Goldman Sachs U.S. Financial Services Conference, Blackstone CEO Stephen Schwarzman said that concerns around Blackstone REIT are "a bit baffling," noting that NOI rose this year by 13%, with the average REIT up 8%. Schwarzman added that BREIT is some of the company’s "best work" and was created to prosper in various environments. The executive also said that investors in Asia have faced "excruciating" pressure, and that the private wealth market has $80T.
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