By Julia La Roche/Reporter – Finance.Yahoo.com – Photo Yoan Valat/Pool Photo via AP
Blackstone (BX), the world’s largest real estate investor, looks at technology as the most import theme today when making investments. This is according to Jon Gray, the private equity giant’s head of real estate.
“It’s interesting. You think about real estate you say, ‘Gosh, this is a pretty boring business. Technology — does it really matter?’ And I would say when we think about deploying capital technology is the lead theme that’s impacting our thought process today,” Gray told Yahoo Finance.