"The company that can connect the dots and paint the most complete picture wins.". 2019-05-08 ($3.1 BB Offered, $3.1 BB Sold) Fund. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. 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. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors. Similarly, of the thousands of private equity firms that exist, only a half dozen or so are publicly traded. In 2013, the biggest winner was Leon Black, the head of Apollo Global Management, who received about $543 million. This report is not for commercial use. Raymond J. Beier is on the board of Blackstone Real Estate Income Trust, Inc. "It's about pattern recognition," Fitzpatrick, 39, told Insider. I think ESG is something that is and will remain a large focus here at Blackstone and ultimately, youll see our underlying investors continue to be very concerned about managing ESG as well. In 2014, Commercial Observer named him the most important person in commercial-real-estate finance. 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 is currently Chairman of the Board and Chief Executive Officer at Blackstone Real Estate Income Trust - View - Blackstone Real Estate Income Trust org chart Weve expanded the way that we recruit talent at the firm to be inclusive and diverse. In June of that year, Blackstone purchased a 49% stake in Hudson Pacific Properties' Hollywood Media Portfolio, a 2.2 million-square-foot portfolio of film studios and Class A office buildings in Los Angeles, anchored by Netflix and Disney. [1] 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. The company manages $280 billion in real-estate investments from Hollywood studios to biotech labs. 1-202-739-9400 Ive been at Blackstone since 1996 and the one consistent thing I have seen when investing real estate capital is that uncertainty and volatility is just part of investing. Blackstone President Jonathan Gray, Schwarzmans No. McCarthy, who joined Blackstone in 2010, is primarily responsible for working with institutional investors, rather than clinching deals. That combination has resulted in a resilient portfolio, he said, adding that the firm had done a lot to prepare itself for a downturn. "Although office demand may be down, high-quality assets will perform," she said. Now, McCarthy said the firm was looking to add talent at portfolio companies. "We've been investing for several years in life-science office buildings where these companies do their work and have their labs," Caplan said. And not all of the bank compensation is guaranteed. Black, 69, received $423,687 in compensation, $182.3 million in dividends from his Apollo shares and $2.5 million from his personal investments in the firms funds. Owner income is 240,000 higher than MGMA average earnings. The group that Louis Nippert was part of bought the team from Bill DeWitt Sr., which paved the way for a two-sport facility to be built on the river and for the Cincinnati Bengals to join the National Football League. Even as inflation and interest rates rise, Blackstone's leaders remain bullish on the vast portfolio they have expanded over the past two decades. The team said in a. Blackstone Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. As the leader of that group, the 45-year-old Pollack oversees Blackstone's debt investments across a wide variety of sectors beyond but including real estate, including consumer finance and transportation. Committee: House Education and the Workforce: Related Items: Data will display when it becomes available. "Can I send you my rsum?" It's up to us! Hotels bring the mix up to 80%. Acquiring an ownership stake is a way Cohen is "keeping a connection to his hometown and the team he roots for," Rose said. Sr. Director,. . Cohen, a fourth-generation Cincinnatian, graduated from Seven Hills School in 1991. 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. Date: We are thematic investors so were always looking for areas of outsized potential and trying to really draw on the proprietary information that we have within our own portfolio. Base range: $60,000 - $175,000. (A full breakdown is below.) A statute, it would allow voluntary prayer in public schools, the display of the Ten Commandments and keep God in the Pledge and in the National Motto. See Photos. Since joining Blackstone in 1996, Mr. Cohen has played an integral role in the growth of the real estate business. In the case of Resource REIT, this was a public company owning approximately 12,000 apartments across 42 apartment communities. REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. All proxy statements are public filings made available to the general public by the SEC. Praedium has sunk more than $12 billion into real estate since its inception roughly 30 years ago and the majority of that was invested in multifamily properties, according to its website. E-commerce has been a huge tailwind for industrials, obviously. Through his influence on some of Blackstone's biggest deals and most lucrative asset classes, he has risen to become a cohead of acquisitions in the Americas for Blackstone real estate. At $600 million, the Cincinnati Reds are ranked No. "Is it a widget that will eventually go away, or is it a new solution that can add value or could it be disruptive to current operating models?". Drug Policy Alliance. It can add up to tens of millions of dollars. The firm Park Lane specializes in helping to sell sports franchises. 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. He also earned $253.1 million in compensation, most of it through incentive fees and his cut of . 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. 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. people search. Schwarzman, 74, received $86.4 million in compensation and $524.1 million in dividends from his Blackstone shares, a regulatory filing showed on Friday. Office demand has plummeted, but the firm believes it should still hold a major place in its book of business. 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. She's managed to make the adjustment without sacrificing the company's pipeline of deals. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Leading the charge for Blackstone's investments in the multifamily sector is Hamid, a 43-year-old senior managing director who has been involved in the acquisition of more than 60,000 apartment units since joining the company in 2017. What makes LePatner's tenure at Blackstone more remarkable is that its core strategy was a nascent investment category when she joined the firm in 2014. He co-oversees US real estate investments and is a member of the firm's real estate investment committee. Meghji, 41, led the $1.65 billion deal. Email. Her process, he said, reminded him of his own. Blackstone shattered its earnings records this year thanks to its real-estate business. 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. Weve definitely seen that trendline expand. 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. Contact:sbutcher@efinancialcareers.comin the first instance. As an example, European institutions are very focused on ESG but there are other parts of the world where maybe there is less focus. All rights reserved. It's not easy to get a job at Blackstone.. Blackstone announced its second quarter results today. Focused on growing, and developing, a new sales team, while equipping the organization with the sales tools,processes and resources resulting in highest revenue in company to-date. They're not only long term but also bolstered by rising rents that provide the ideal hedge against soaring inflation, Schwarzman said. Strategic connections and expert insights into global investment markets Tackling geopolitical issues and harnessing real estate growth opportunities. https://www.nytimes.com/2016/12/10/business/dealbook/just-how-much-do-the-top-private-equity-earners-make.html, a former contributor to The New York Times. Blackstone has the largest real estate platform in the world with $326 billion in investor capital under management (as of December 31, 2022). Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Do you know the neighborhoods I'm interested in? The publicly traded Carlyle Group, for example, no longer discloses this information. 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. While there, he worked in the arcane world of structured finance, which can include debt instruments like mortgage-backed securities, or complex loans that sit on various parts of a company's capital structure. The company maintains an active database of more than 900 proptechs, he said. 2023 www.cincinnati.com. That applies to his daughter, a Girl Scout who he recently observed identifying and weighing different angles of the Pinewood Derby car she was building. 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. Our goal from the start was to bring Blackstones institutional real estate platform to the individual investor so ultimately, the biggest success factor has been the performance we have produced for those investors. Lead Director. He now sits on the Real Estate Advisory Council at the university's Kellogg School of Management. Engineman. Last year, we did the QTS Realty Trust deal, which was a large data center deal. The Times then analyzed the data, which covered the period from 2012 to 2015, and verified Equilars findings with the firms themselves. 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 . Instead, he is in charge of Blackstone's technology needs and participates in the firm's venture-capital-style investments. 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. There, he played a major role in the development of the commercial mortgage-bond market. If you have focused your search on specific areas, it is important to work with a real estate agent who knows that area well. CEO of Financial Advisory. Connect with 500+ global attendees and hear from 25+ industry experts. BlackRock Inc. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. The more carried interest earned, the higher the dividend. 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 executive, 41, has real estate in his blood. Carter Randolph, manager of the Louise Dieterle Nippert Trust, told The Enquirer in June that a Los Angeles-based investment banking firm was hired to help sell the trust's minority stake in the Cincinnati Reds. Our Standards: The Thomson Reuters Trust Principles. The ultimate goal of the program is to expand access to high quality housing for lower- and middle-income individuals and families with less savings and/or lower credit scores. Many of the earnings are is not traditional compensation, but it's money in their pockets nonetheless. Before joining Blackstone, Johnson cofounded a boutique commercial-real-estate finance company and worked at Lehman Brothers' commercial-real-estate group. In 2018, the investment firm sold 15.8 million shares in the hotel chain for a tidy $14 billion profit, Bloomberg reported at the time. Frank Cohen. 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. Direct. Blackstone Real Estate Income Trust, Inc. 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. When large corporations disclose how much money their top executives make each year, the companies list salary, bonus and, in many cases, stock options or grants. See Photos. The Cincinnati Reds' newest owner is a top official from a New York-based global private equity and advisory firm. And since he joined Blackstone in 2016, those relationships have borne billions of dollars in fruit for the private-equity firm. Before joining Blackstone, Harper worked for Morgan Stanley's real-estate and private-equity groups in Los Angeles and San Francisco. Carried interest is taxed at a long-term capital-gains rate that is roughly half the ordinary income rate for the nations highest earners. 'S technology needs and participates in the Def 14a documents will display when it available. Only long term incentives granted during the fiscal year Blackstone.. Blackstone announced its second results. 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