Blackstone Real Estate Expands Presence in Canada with New Office Led by Janice Lin
09 May 2022 - 9:00PM
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).
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Jeffrey Kauth Jeffrey.Kauth@blackstone.com +1 (212) 583-5395
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