Blackstone, the biggest owner of commercial real estate in the world, is placing its bets on the student housing rental market as demand surges worldwide.
“Student housing is, I think where the opportunity is most specifically generating a lot of strong cash for us and our investors,” as universities seek more accommodations to satisfy growing student bodies and heightened demand, said Kathleen McCarthy, Blackstone’s global co-head of real estate, speaking at CNBC’s Delivering Alpha conference Thursday.
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