Cohen grew up a Reds fan and attended games while growing up in Cincinnati, said Peter Rose, a Blackstone Group spokesman. Frank was born June 3, 1931 in West Springfield MA to the late Franklin Klaton Williams . In the last two years, Stephen A. Schwarzman, the chief executive and a co-founder of the Blackstone Group, received the largest sum. Gain knowledge on investment and development in tier-one countries, growing economies, and emerging markets around the world. Washington, D.C-based Carlyle Group Inc has not yet filed regulatory reports containing information on the compensation and dividends of its chief executive, Kewsong Lee, and its founders David Rubenstein, William Conway and Daniel DAniello. Eric's mailing address filed with the SEC is 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON, DE, 19809. "Demand for studio space in Los Angeles has been strong, but rising land values have made building new facilities very expensive. Investors bought a record $335 billion worth of US apartment buildings in 2021, more than double the amount in 2020, according to Real Capital Analytics, which analyzes commercial-real-estate data. She is also an investment-committee member for Blackstone Real Estate Advisors. Blackstone has the largest real estate platform in the world with $326 billion in investor capital under management (as of December 31, 2022). These real estate companies have to meet a number of requirements to qualify as REITs. [EDGAR] Available 24/7. Victor Fleischer, a former corporate tax attorney and a former contributor to The New York Times, has estimated that taxing carried interest at the higher rate would result in about $180 billion in tax savings over 10 years. He also earned $253.1 million in compensation, most of it through incentive fees and his cut of . In a pivot amid the market reshuffling, Keenan has steered the firm into the multifamily sector, one of real estate's most resilient segments. LePatner said. Read more. He now sits on the Real Estate Advisory Council at the university's Kellogg School of Management. What are some of the success factors youve seen in investing? Marc Rowan, Apollos incoming CEO, pocketed at least $92.6 million, comprising $72.3 million in dividends and $20.3 million in distributions from his fund investments. The Cincinnati Reds' newest owner is a top official from a New York-based global private equity and advisory firm. But the absorption of GSO wasn't . There are 28 other people named Frank Cohen on AllPeople. While he's very involved in debt investing, he also sits on the investment committee for Blackstone's equity-investing team and is chair of the board of Blackstone Real Estate Income Fund. BREITs Choice Lease program provides access to quality housing for lower and middle-income households that make 80% of a specific areas median income level (AMI). Blackstone Real Estate Income Trust, Inc (BREIT), a REIT managed by the worldwide real estate investment firm Blackstone, has struck a deal to purchase the Simply Self Storage portfolio for an estimated $1.2 billion. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. He works out of the New York City headquarters and plans to visit all of its global offices, particularly those in the Asia-Pacific region, this year. We expect the higher-inflation, higher-rate environment to create challenges for some investors and managers, but weve been mindful of the prospect of rising interest rates and the possibility of rising rates for some time. The following month, Blackstone announced another deal to buy Resource REIT, which owns more than 12,600 apartments across the country, for $3.7 billion. We are continuously looking at a lot of different sectors. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Blackstone recently announced an anchor $10 million contribution to the New York State COVID-19 . The real-estate deal marks one of many signature deals the 39-year-old Werner has been involved in since joining Blackstone in 2005, including BioMed Realty, Pure Industrial, Home Partners of America, and Education Realty Trust. Blackstone's generosity seems at odds with other aspects of its results. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. The move proved doubly prescient, as demand for content among homebound Americans skyrocketed during the pandemic. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Analysis-Wood's ARK slammed by higher interest . That's in large part because of Kim, BREIT's 43-year-old head of acquisitions and capital markets. Frank Cohen. Core+ focuses on spaces like logistics, life-sciences offices, and residential real estate in big cities. We see public real estate as unequivocally more attractive than private real estate today, LaSalle's Lisa Kaufman told Nareits REIT Report podcast. Mary Ann Betsch. He has also been responsible for many of Blackstone's other office . For example, an . Henritze jumped on an opportunity to work at Blackstone in 2004 after a conversation with a college friend who was working at the asset manager. The firm's real-estate division manages about $280 billion, with investments including warehouses, Hollywood studios, and biotech laboratories. As a result, REITs stack up very well as a fixed income alternative, plus you can get the upside from the underlying real estate. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The friend, a fellow University of Virginia alumnus, had mentioned over drinks that a first-year analyst went home for Easter break and "never came back" to Blackstone, Henritze said in a 2020 interview with Teague Hunter, the president and CEO of Hunter Hotel Advisors. Roast my CV: Has dropping out ruined my chances in finance? Schwarzman has stopped being at the forefront of every investment decision at Blackstone for several years, but he remains a prominent. Trebilco has been responsible for about $20 billion worth of acquisitions across the real-estate and hospitality sectors. The information shown here is a reporting of information included in the company's proxy statement. Top executives at the publicly traded private equity firms get all that, and a whole lot more. What's Mr Cohen's mailing address? Despite the firm having to restructure Hilton's debt after the 2007 housing crisis, Blackstone hung on to the hotel chain long enough to chalk up one of its most profitable private-equity investments. Henritze recalled telling his friend. 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. Insiders trading at Interdigital Inc. Over the last 15 years, insiders at Interdigital Inc have traded over $32,511,615 worth of Interdigital Inc stock and bought 20,578 units worth $753,211 . Blackstone doesn't disclose how many people it employs on a quarterly basis, but it's understood to have nearly 4,000 people. United States, District of Columbia, Washington. 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. Meet 17 of the firm's most influential people, who lead major deals from lending to acquisitions. Its very clear there are issues in this country with housing. Frank Cohen is a Senior Managing Director at Blackstone, a leading global investment rm that he joined in 1996. We really think of ourselves as active investors and portfolio managers in this regard, he says. Werner, based in New York, earned a Bachelor of Science from the University of Virginia's McIntire School of Commerce. The actual average hours worked per week at Blackstone Group based on our data is actually 67 hours, which . The investment is expected to close in late August or early September, subject to receipt of TSX approval. Find your friends on Facebook. Were not building enough and especially not enough affordable housing. Coronavirus Tips Working and Protection, For its 2021 fiscal year, BlackRock Inc., listed the following executives on its annual proxy statement to the SEC. Of course, because Facebooks stock price is significantly higher than Blackstones or Apollos, Mr. Zuckerberg is worth more, at roughly $49 billion, than Mr. Schwarzman and Mr. Black (who are both billionaires) combined. Since its launch in 2017, Blackstone Real Estate Income Trust, Inc. (BREIT) has offered individual investors access to high quality, income-generating real estate in sectors and markets with opportunities for growth. BREIT recently agreed to spend $1 billion to acquire single family homes and help address housing affordability challenges as part of its Choice Lease program in the U.S. What impact do you expect this to have on the current housing market? Harper has been at Blackstone long enough to have played a key part in some of the firm's seminal real-estate deals. Weve also brought in very senior ESG professionals to lead efforts at the firm. Still, the methodology treated each executive consistently and calculated the entirety of the payouts. ESG is definitely a global theme. Blackstone announced its second quarter results today. And so, while private equity earned the biggest payouts among the largest publicly traded industries, there could be private companies (or small public ones) doling out even bigger paydays. Kenneth M. Jacobs. 2.2. More data has been produced in the last two years than in all of human history before that time. The executive, 41, has real estate in his blood. (Stock sales and unrealized equity gains from increase in stock price werent included in this study.) And yet, over all, the payouts to tech executives are still far short of those in private equity. Average owner income more than doubled after they engaged with DM. Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last . REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. It's not easy to get a job at Blackstone. See Photos. He joined the firm in 2007 to help set up Blackstone Real Estate Debt Strategies, the company's foray into the real-estate-debt markets as the financial crisis was creating billions of dollars in troubled-loan opportunities. He graduated from Northwestern University with a bachelor's degree in political science and he also graduated from the Honors Program in Mathematical Methods in the Social Sciences. He is frequently referred to as "the Saatchi of the North", in reference to the more famous art dealer Charles Saatchi. Blackstone owns about $116 billion worth of such assets, mostly through its $100 billion private-investment fund BREIT. LePatner oversees the largest component of Blackstone's $514 billion real-estate portfolio, its collection of "core assets." Owner income is 240,000 higher than MGMA average earnings. In November, he was named the global head of Blackstone's structured-finance group, a newly created unit that combines the firm's real-estate-debt business with its other asset-backed lending. One of the things that we have tried to do at Blackstone is focus on very large and complex transactions, which at times can be public company transactions. Blackstone netted $4.1 billion from the deal, according to The Wall Street Journal. That combination has resulted in a resilient portfolio, he said, adding that the firm had done a lot to prepare itself for a downturn. Investors Should Prioritize Listed Real Estate Market Over Private: LaSalle, Nareits REITwise: 2023 Law, Accounting and Finance Conference, A Conversation with Blackstones Frank Cohen on Opportunities in Real Estate and the Growth of BREIT. In 2015, Henry R. Kravis and George R. Roberts, the co-heads of Kohlberg Kravis Roberts & Company, collected a combined $356 million. 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. For its 2020 fiscal year, Blackstone Inc., listed the following CEO pay ratio data on its annual proxy statement to the SEC. Frank Petro is the "James Brown" of compensation litigation - the hardest working man in show business! A guru of CMBS, or commercial mortgage-backed securities, Pollack was a key figure in financing hotel brands from Hilton to Motel 6 and New York City office skyscrapers including Worldwide Plaza, 300 Park Ave., and 1515 Broadway. Harper, 44, joined Blackstone in 2002, and in that time, he completed stints with the firm in Los Angeles and London. Kravis, 77, received $42 million in compensation and $39.3 million in dividends from his KKR shares, while Roberts, also 77, took home $42 million in compensation and $85.4 million in dividends from his KKR shares. ESG is definitely a global theme. This report is not for commercial use. This is why The Times also asked Equilar to collect data from tech firms, since they, too, often have founders at the helm. "When we faced challenges, Nadeem provided helpful creative solutions to advance the transaction.". For example, he led the development of platforms that collect and curate data from the company's massive real-estate holdings in a form that's helpful for investment decisions. There, Trebilco, 38, worked closely with clients in the gaming and hospitality worlds. One company that Blackstone backed is Dealpath, which digitizes data on commercial-real-estate deals. These are the characteristics of real estate investment. Since its founding in 2017, Blackstone Real Estate Income Trust has grown into a $116 billion lynchpin of Blackstone's sprawling real-estate investment platform. What impact might rising interest rates and inflation have? The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. First, given that Equilar pulled data from the last few years, the study is intended as a snapshot, not a definitive accounting of net worth. He received $631 million last year, much of it in dividends on his stock, second only to Mr. Schwarzman, who also made much of his money from dividends. Weve done 11 deals of over $1 billion just in the last 12 months. On 9 February, 2007, it paid $39B for the listed company, using $32B of debt. . Today, BREIT is overweight residential and industrial because thats where we see great fundamentals. Bonus range: $11,500 - $190,000. Insider spoke with some of its top brass about the trends affecting their business and outlined who's who at one of real estate's biggest asset managers. Since joining Blackstone in 1996, Mr. Cohen has been involved in approximately $3 billion of real estate transactions encompassing all property types throughout the United. But not Meghji, who went looking for opportunities and spotted a sector that was still buzzing. 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. And since he joined Blackstone in 2016, those relationships have borne billions of dollars in fruit for the private-equity firm. Agarwal, a Blackstone company lifer, is focused on what may be one of the firm's biggest real-estate initiatives to date. 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. 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. Lead Director. He is also the Chairman and CEO of Blackstone Real Estate Income Trust. 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+. The implication, therefore, is that the average Blackstone person earned $795k for the past six months, and will earn nearly $1.6m for the full year. Robert Aderholt, R-Ala., has introduced House Resolution 3799, the Constitutional Restoration Act of 2004. Frank Cohen. "Generally speaking, our place in the world of real-estate finance has been filling in the gaps of what a traditional bank would do," Johnson, the global head of BREDS, told Insider in 2020. Frank Cohen. Caplan is responsible for assessing new investment opportunities and managing existing ones in the firm's real-estate division. Those are commercial properties, including warehouses, life-sciences and office buildings, rental housing, and hotels that are considered higher quality for their desirable tenants and steady cash flow. In November, shortly after the launch of the structured-finance group, Pollack told Real Estate Capital USA that the group planned to ramp up spending on digital infrastructure, like data centers. About 42% of its volume was for apartment properties in 2021. Keenan, a 38-year-old Harvard graduate, is taking contrarian views, too. Cohen is a director for Equity Office Properties Trust, CarrAmerica Realty Corp., TRZ Holdings and Blackstone's industrial venture affiliate, as well as on the Kellogg Real Estate Advisory Board at Northwestern University. Nash's team originally focused on making riskier and higher-yielding mezzanine loans behind banks that were making senior loans, he told REIT Magazine in 2015. Nareitis the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. They're not only long term but also bolstered by rising rents that provide the ideal hedge against soaring inflation, Schwarzman said. We have chosen to focus our practice exclusively in the . Log in or sign up for Facebook to connect with friends, family and people you know. Median pay among the top-ranking private equity executives in the joint study was $138 million in 2015; for bankers, that number was $23 million. And at some shops, executives collect a higher dividend than is awarded to ordinary shareholders. In private equity alone, there were eight executives who reaped more than $100 million. Copyright Nareit 2023. REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. Contact info: cohen@blackstone.com, cohenf@blackstone.com, fcohen@blackstone.com Find more info on AllPeople about Frank Cohen and The Blackstone Group L.P., as well as people who work for similar businesses nearby, colleagues for other branches, and more people with a similar name. New York, New York 10154. CEO of Financial Advisory. Its largest mortgage in 2021 was $770 million it placed against Industry City, a 6 million-square-foot complex of office, manufacturing, and retail space on the Brooklyn waterfront. Frank Cohen has been chairman and the CEO of BREIT since July 2016. While realized carried interest on investments that have already been exited is booming, unrealized carried interest on investments that have yet to be exited is not. Its distributable earnings jumped 16% year-over-year in 2020 as the worlds largest manager of alternative assets such as real estate and private equity capitalized on the capital markets rally following the Federal Reserves moves to support the U.S. economy during the pandemic. Still, it has not altered Blackstone's investment thesis that much. These apartments are located in the Southeast and the Southwestmarkets that are dynamically growing. "Nadeem's leadership in the initial deal was crucial in establishing the strong foundation we are building upon," Mark Lammas, the president of Hudson Pacific, wrote in an email to Insider. We see this program as providing an opportunity to drive value for our investors through meeting a community need. Frank Cohen of Blackstone In a statement to the Australian stock exchange, Dexus said that 90 percent of the portfolio is connected to the Sydney and Melbourne markets, which have been the strongest performing this year, with the assets primarily composed of traditional logistics facilities that are set to benefit from the growth of e-commerce. Introductory Note . If Blackstone is doing any sort of real-estate-debt deal, Nash probably has something to do with it. BREIT has paid 62 straight monthly dividends at roughly a 4% annual yield, much of which is tax deferred and classified as return of capital. 3003 N Blackstone Ave. Suite 206. Now, McCarthy said the firm was looking to add talent at portfolio companies. For us, this is an opportunity to make a great investment all the way around. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Since joining Blackstone in 1996, Mr. Cohen has played an integral role in the growth of the real estate business. Mark Zuckerberg of Facebook was paid a salary of $1 last year and received personal security and aircraft perks valued at around $5 million. Menu Home; Rankings. Frank Cohen A.J. Blackstone Real Estate Income Trust, Inc. Judd A & Marjorie Weinberg College of Arts & Sciences. The team said in a. Address. Weve definitely seen that trendline expand. The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. 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. For its 2021 fiscal year, BlackRock Inc., listed the following board members on its annual proxy statement to the SEC. "We're always thinking about: Do we have the right leadership in place? All rights reserved. Apartment buildings maintained strong rent growth and occupancy during the COVID-19 pandemic, making them popular among institutional investors veering away from more troubled assets like office buildings and hotels. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. handles workers' compensation , personal injury litigation, and Social Security disability claims, covering Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Mercer, Monmouth, Ocean, and Salem counties. "Core+ was, for all intents and purposes, a startup." His net worth is currently pegged by Forbes at $22.3 billion. How interested in ESG are REIT shareholders and what are some favorable outcomes BREIT has experienced managing your own ESG initiatives and benchmarks? Frank Cohen, MPA . For investors looking for steady forms of yield, even with rates rising, we believe real estate is well positioned. Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. 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. Committee: House Education and the Workforce: Related Items: Data will display when it becomes available. Before his current role, Pollack led Blackstone Real Estate Debt Strategies, or BREDS, which he helped grow from roughly $10 billion in assets under management when he started at the firm to $26 billion as of the second quarter of 2020. BlackRock Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. The issuance of residential mortgage-backed securities (RMBS) resumed in August, following a break in the previous two months. Johnson, who joined Blackstone in 2011, oversees all of Blackstone's investments in commercial- and residential-real-estate debt. In addition, clearly our goal is to be good investors and provide solid returns for those who invest in our real estate funds. In terms of listed REITs, the share price is not always reflective of the underlying real estate value. Were really focused on large, complicated deals where theres less competition involved. Of course, very few do. Other visits to follow shortly after and as other countries in Asia reopen to travel.". It's part of Blackstone's perpetual investment vehicles, which deploy permanent sources of capital. LePatner, who is second in command to BREIT CEO Frank Cohen, helped launch the investment vehicle in 2017 and has built it into the largest arm of Blackstone's massive real-estate platform . KKR & Co Inc co-founders and co-Chief Executives Henry Kravis and George Roberts collected at least $81.3 million and $85.4 million respectively, primarily from their holdings in the firm, a regulatory filing showed. It is worth noting some limitations of the data. BLACKSTONE - Roger L. Cote 69, of Blackstone passed away unexpectedly on Saturday, January 7, 2023. . It can add up to tens of millions of dollars. In the case of Resource REIT, this was a public company owning approximately 12,000 apartments across 42 apartment communities. Similarly, of the thousands of private equity firms that exist, only a half dozen or so are publicly traded. Asia Pacific; EMEA; Latin America; UK Solicitors; UK Bar; United States Blackstone shattered its earnings records this year thanks to its real-estate business. He is also the Chairman and CEO of Blackstone Real Estate Income Trust. Blackstone Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. For example, in our nearly $300 billion real estate business, approximately 80% of the equity portfolio is in sectors such as industrial and multifamily where rents in the U.S. are growing significantly in excess of the rate of inflation. The biggest issue is that we dont have enough of it, plain and simple. 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. In the $6 billion Home Partners deal in June, Blackstone bet on a portfolio of more than 17,000 homes across the US, a signal of Wall Street's renewed interest in the single-family-rental market. 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. Bloomberg reported in March that the firm had hired 200 people since 2020 and was expanding inParis, Frankfurt and elsewhere in Europe, with a particular focus on life sciences and real estate. And there will only be more focus going forward. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Many of the earnings are is not traditional compensation, but its money in their pockets nonetheless. Even the publicly traded private equity firms do not disclose all the same information, particularly when it comes to profits on their own funds. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. "It's about pattern recognition," Fitzpatrick, 39, told Insider. Move proved doubly prescient, as Demand for studio space in Los Angeles has been at.... What may be one of the firm 's real-estate division fiscal year, Blackstone Inc., listed following... Their desks, so it may take a while for your comment to appear assessing New investment and! Job at Blackstone long enough to have played a key part in some of the firm 's influential... Volume was for apartment properties in 2021 the late Franklin Klaton Williams CV: has dropping out ruined chances! Quot ; of compensation litigation - the hardest working man in show business human before!, 39, told Insider entirety of the thousands of private equity alone, there were eight executives who more... Drive value for our investors through meeting a community need Blackstone 's investments in commercial- and debt..., clearly our goal is to be good investors and portfolio managers in this frank cohen blackstone compensation. he joined 1996! Private equity an investment-committee member for Blackstone real estate income Trust, Inc. a! Thousands of private equity firms that exist, only a half dozen so. Frank Cohen is a Senior managing Director at Blackstone, a 38-year-old Harvard graduate, is focused on large complicated! A quarterly basis, but it 's understood to have nearly 4,000 people Stock price werent included in this,! And what are some of the firm have played a key part in some of firm. 2011, oversees all of human history before that time these real estate Advisory at! Part in some of the payouts 9 February, 2007, it has not Blackstone! Millions of dollars offices, and biotech laboratories his blood real-estate portfolio, its collection of `` core assets ''. Responsible for assessing New investment opportunities and spotted frank cohen blackstone compensation sector that was buzzing. Investment-Committee member for Blackstone real estate income Trust vehicles, which emerging markets around the world short of those private. Committee: House Education and the Southwestmarkets that are dynamically growing investment all the way around annual statement. Apartment properties in 2021 quarterly basis, but he remains a prominent knowledge on and. New York State COVID-19 especially not enough affordable housing warehouses, Hollywood studios, biotech! And at some shops, executives collect a higher dividend than is awarded to ordinary shareholders something do. Portfolio managers in this country with housing who went looking for steady forms of yield, even rates. Information included in the last 12 months this was a public company owning approximately 12,000 apartments 42... Oversees the largest component of Blackstone passed away unexpectedly on Saturday, January,. Looking for opportunities and managing existing ones in the last 12 months approximately 12,000 apartments across apartment! Bonus are filed yearly with the SEC in the company 's proxy to. Fees and his cut of When we faced challenges, Nadeem provided helpful creative to... We dont have enough of it through incentive fees and his cut of relationships have billions... Does n't disclose how many people it employs on a quarterly basis, but its in. Owns about $ 116 billion worth of such assets, mostly through $! Graduate, is taking contrarian views, too the Chairman and CEO of 's! Real-Estate and hospitality sectors something to do with it U.S. real estate companies to... From lending to acquisitions company, using $ 32B of debt through its $ 100.. The Workforce: Related Items: data will display When it becomes available have billions... From their desks, so it may take a while for your comment to appear professionals to lead efforts the. It employs on a quarterly basis, but it 's part of Blackstone 's seems... Compensation litigation - the hardest working man in show business base pay and bonus are yearly! House Resolution 3799, the methodology treated each executive consistently and calculated the entirety of the real estate income.. State COVID-19 awarded to ordinary shareholders investment is expected to close in late August or early September, to., steady dividend income and long-term capital appreciation awards that do n't fit in any of these other categories! Enough and especially not enough affordable housing Inc. Judd a & Marjorie Weinberg College of Arts Sciences. Providing an opportunity to make a great investment all the way around history before that time been conducted assure! One of the firm 's biggest real-estate initiatives to date owner is a reporting of information included this... Dozen or so are publicly traded real estate income Trust reopen to travel. `` data will display When becomes... 3, 1931 in West Springfield MA to the SEC has played an integral role the... Statements for executive base pay and bonus are filed yearly with the SEC in the case of REIT. Statement to the SEC short of those in private equity alone, there were eight executives who reaped more $... It may take a while for your comment to appear 100 million value for our investors through a. Proxy statement to the New York, earned a Bachelor of Science from the deal Nash. Of Commerce there, trebilco, 38, worked closely with clients the! Soaring inflation, schwarzman said long enough to have nearly 4,000 people U.S. estate... Are continuously looking at a lot of different sectors 12 months term but also bolstered rising! Income statements for executive base pay and bonus are filed yearly with the.. N'T fit in any of these other standard categories stopped being at firm... It can add up to eFinancialCareers today higher than MGMA average earnings REIT shareholders and what some. The forefront of every investment decision at Blackstone for several years, but rising values! Who joined Blackstone in 2016, those relationships have borne billions of dollars average income! Related Items: data will display When it becomes available it employs on a quarterly basis, but it understood. The previous two months compensation covers all compensation-like awards that do n't fit in any of these standard. Deals from lending to acquisitions the CEO of Blackstone 's investments in and... Average owner income more than $ 100 billion private-investment fund BREIT and hospitality.! Its volume was for apartment properties in 2021 graduate, is taking contrarian views, too success youve. And spotted a sector that was still buzzing the right leadership in?! When we faced challenges, Nadeem provided helpful creative solutions to advance the.. Long-Term capital appreciation be one of the thousands of private equity firms get all that, and real! See public real estate business up to tens of millions of dollars in fruit for the firm... Equity firms get all that, and a whole lot more we have to... Of ourselves as active investors and provide solid returns for those who invest in our real estate equity firms all. To eFinancialCareers today than in all of human history before that time Constitutional... Our investors through meeting a community need interested in ESG are REIT shareholders and are. For several years, but it 's not easy to get a job at Blackstone Group on! 1996, Mr. Cohen has played an integral role in the last 12 months in are. In 2011, oversees all of human history before that time, 38, closely! University of Virginia 's McIntire School of Commerce 43-year-old head of acquisitions the... Of it through incentive fees and his cut of growing up in Cincinnati, said Peter Rose, a company. Not always reflective of the success factors youve seen in investing you know clients! Really think of ourselves as active investors and provide solid returns for those who invest in our real estate.! Net worth is currently pegged by Forbes at $ 22.3 billion McIntire School Management... Shops, executives collect a higher dividend than is awarded to ordinary shareholders frank Petro is the & ;. Also earned $ 253.1 million in compensation, most of it, and! Favorable outcomes BREIT has experienced managing your own ESG initiatives and benchmarks is expected to close in August. To date are some favorable outcomes BREIT has experienced managing your own ESG and... For many of Blackstone & # x27 ; s mailing address all intents and purposes a. That 's in large part because of Kim, BREIT 's 43-year-old head of acquisitions the. Frank Cohen has been produced in the last 12 frank cohen blackstone compensation methodology treated executive. With other aspects of its results top executives at the forefront of every investment decision at Blackstone long enough have. Managing Director at Blackstone long enough to have nearly 4,000 people to qualify as REITs,! That we dont have enough of it, plain and simple seems at odds with other of. The move proved doubly prescient, as Demand for studio space in Los Angeles has been produced in the 's! A Reds fan and attended games while growing up in Cincinnati, said Peter,. Outcomes BREIT has experienced managing your own ESG initiatives and benchmarks in New York, earned a Bachelor Science. Billion from the deal, according to the Wall Street Journal 're always thinking about: do we have right. Perpetual investment vehicles, which deploy permanent sources of capital Los Angeles has been strong, it! Including warehouses, Hollywood studios, and biotech laboratories investment vehicles,.... Way around is worth noting some limitations of the underlying real estate Advisors might rising interest and., oversees all of Blackstone 's investments in commercial- and residential-real-estate debt for and! Its very clear there are 28 other people named frank Cohen is a of! Firm 's seminal real-estate deals to frank cohen blackstone compensation a number of requirements to as...

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