An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Blackstone Real Estate Expands Presence in Canada with New Office Led by Janice Lin
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Blackstone (NYSE: BX) has announced the opening of a new Real Estate office in Toronto, appointing Janice Lin as head of its Canadian real estate operations. With a portfolio of CAD 14 billion in real estate assets, Blackstone plans to enhance its presence in Canada, benefiting from its growing population and strong economic fundamentals. Nadeem Meghji highlighted the long-term belief in the Canadian economy, while Lin emphasized opportunities in logistics, office, and residential sectors.
Positive
Establishment of a new Blackstone Real Estate office in Toronto enhances regional footprint.
Appointment of Janice Lin is expected to drive growth in real estate investments in Canada.
Blackstone holds CAD 14 billion in real estate assets across approximately 450 properties.
Canada's population growth is the highest among G7 nations, presenting new market opportunities.
Negative
None.
TORONTO--(BUSINESS WIRE)--
Blackstone (NYSE: BX) today announced that it is establishing a Blackstone Real Estate office in Toronto and the appointment of Janice Lin as head of its Real Estate business in Canada. Ms. Lin’s leadership experience and deep knowledge of the Canadian market will help drive Blackstone Real Estate’s Canadian footprint as it continues to invest across all asset classes, with a focus on its long-term presence in the country.
Blackstone has long had a significant presence in Canada across its businesses, including CAD $14 billion of real estate assets totaling approximately 450 properties – consisting primarily of logistics. Blackstone’s portfolio companies across the firm employ more than 3,550 people in Canada.
Nadeem Meghji, Blackstone’s Head of Real Estate Americas, said, “We are excited to officially open a real estate office in Canada and welcome Janice to lead our real estate business in the country. We are long-term believers in the strength of the Canadian economy, and we look forward to leveraging her expertise and on-the-ground views to help us expand our presence in the Canadian real estate market.”
Ms. Lin added, “Blackstone’s long-term investment approach has enabled it to build a growing logistics, office, and residential footprint across Toronto, Montreal, and Vancouver. Canada’s population growth is the highest among G7 nations and is nearly double that of the U.S., and I believe that will continue to create exciting opportunities in the market. I look forward to strengthening Blackstone’s strong presence in Canada and supporting businesses across a number of different sectors.”
Prior to joining Blackstone, Ms. Lin served as Chief Investment Officer at Revera, a global owner of differentiated retirement living operators with residences throughout Canada, the U.S. and U.K. Previously, she held senior investment roles across multiple sectors at the Canada Pension Plan Investment Board. She holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania and an MBA from Harvard Business School.
Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $298 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, residential, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstone’s European yield-oriented strategy. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).
