Jonathan D. Gray
| Jon Gray | |
|---|---|
 |
|
| Born |
February 4, 1970 Highland Park, Illinois, U.S. |
| Alma mater | University of Pennsylvania |
| Net worth | $1.66 billion (Sept 2015) |
| Political party | Democratic |
| Spouse(s) | Mindy Basser |
| Children | 4 |
Jonathan D. "Jon" Gray (born February 4, 1970) is global head of real estate and a member of the board of directors of Blackstone Group, a New York-based global asset management firm.
Born in Highland Park, Illinois. His father owned a small auto parts manufacturer on the West Side of Chicago (coincidentally named Blackstone Manufacturing); his mother ran a catering business. His parents divorced when he was young. In 1992, Gray graduated from the University of Pennsylvania (Penn) magna cum laude with a B.A. in English from the School of Arts & Sciences and a B.S. from the Wharton School. He was elected Phi Beta Kappa.
In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group, and was offered a position in the company’s newly formed real estate private equity group shortly thereafter. He was made co-head of the real estate group in 2005 and named global head of real estate in 2011.
Today, Blackstone’s real estate business is the largest opportunistic real estate investment manager in the world with $102 billion of investor capital under management, which includes a $16 billion global real estate fund and a $7 billion European fund.
As global head of real estate, Gray oversees a diverse portfolio including hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia. Major holdings include Hilton Worldwide, Equity Office Properties, Invitation Homes, Logicor, and the leading owner of office space in India. Gray currently serves as Chairman of the Board of Hilton Worldwide, which went public in December 2013. Blackstone's investment in Hilton was profiled in a September 2014 Bloomberg Businessweek cover story. Gray was named in Fortune’s “40 under 40,” in 2009. In 2016, he ranked #1 on Commercial Observer’s “Power 100” ranking of the most powerful people in New York City real estate.
In 2008, Gray led the firm’s efforts in establishing Blackstone Real Estate Debt Strategies (BREDS), provider of high yield debt capital. In 2013, BREDS launched Blackstone Mortgage Trust (BXMT) to provide first mortgage debt capital to real estate borrowers.
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