Blackstone has named Katie Keenan as the new CEO of its Real Estate Income Trust (BREIT) and Global Head of its Core+ real estate business. The leadership shift comes in the wake of former executive Wesley LePatner’s death, and will take full effect on November 10.
Keenan currently serves as Global Co-Chief Investment Officer of Real Estate Debt Strategies and CEO of Blackstone Mortgage Trust.
For brokers and investors, this means potential shifts in how large capital allocations are handled in Core+ transactions, changes in strategy for income trust asset selection, and possibly increased competition for institutional capital in U.S. real estate sectors.
