Most REITs trade on major stock exchanges, and they offer a number of benefits to investors. Most private equity executives sell their shares upon leaving their firms. In June, he played a pivotal role in Blackstone's purchase of the apartment and hotel operator Extended Stay America and its acquisition of WoodSpring Suites. Make yourself visible to recruiters hiring for top jobs in technology and finance. Trebilco has come a long way quite literally. Pollack eventually became the global head of Deutsche Bank's commercial-real-estate business, overseeing a division that doled out billions to high-powered developers including Donald Trump. Many of the earnings are is not traditional compensation, but it's money in their pockets nonetheless. When banks tightened their lending standards after the 2008 financial crisis, Blackstone stepped in, providing debt to institutional investors and real-estate developers who found it difficult to get financing otherwise. His net worth is currently pegged by Forbes at $22.3 billion. Frank Cohen, MPA . Frank Cohen is the Global Chairman of Core+ Real Estate. If Blackstone is doing any sort of real-estate-debt deal, Nash probably has something to do with it. Nash, 61, is also the executive chair of Blackstone's Mortgage Trust REIT, the firm's publicly traded mortgage real-estate investment trust. "Generally speaking, our place in the world of real-estate finance has been filling in the gaps of what a traditional bank would do," Johnson, the global head of BREDS, told Insider in 2020. All proxy statements are public filings made available to the general public by the SEC. In the case of Resource REIT, this was a public company owning approximately 12,000 apartments across 42 apartment communities. View the executive profile of Frank Cohen, Senior Managing Director at Blackstone Inc., on Equilar BoardEdge to see current and past work history and gain access to Frank Cohen's network of 190 business contacts. In addition to conventional salary and executive compensation, private equity chieftains make their money in three ways: First, private equity firms typically issue dividend-paying shares to their investors. Before joining Blackstone, Johnson cofounded a boutique commercial-real-estate finance company and worked at Lehman Brothers' commercial-real-estate group. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. He received an undergraduate degree from the University of Minnesota Duluth and an MBA from The Curtis L. Carlson School of Management. Robert H. Castellini - W. Joseph Williams Jr. - Thomas L. Williams Lindner Reds Baseball LLC - Frank Cohen - William J. Reik Buy Buy Baseball, LLC - EMK Investment Company, LLC - Larry Sheakley - Jeffrey L. Wyler Harry J. Fath - Jeffrey L. Gendell - Edwin J. Riguad, AACE, LLC - HKR Baseball, LLC - Ronald L. Sargent John H. Wyant - George H. Vincent, Queen City Diamond, LLC - Heading for Home . Phone. The implication, therefore, is that the average Blackstone person earned $795k for the past six months, and will earn nearly $1.6m for the full year. 2019-05-08 ($3.1 BB Offered, $3.1 BB Sold) Fund. Carried interest is taxed at a long-term capital-gains rate that is roughly half the ordinary income rate for the nations highest earners. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. The idea that "Felix Cohen was the Blackstone of Federal Indian Law" has stylistic appeal and could have been little more than a gracious way to celebrate Cohen. As investors and as corporate citizens, were very focused on ESG as well. Still, the methodology treated each executive consistently and calculated the entirety of the payouts. Leading the charge for Blackstone's investments in the multifamily sector is Hamid, a 43-year-old senior managing director who has been involved in the acquisition of more than 60,000 apartment units since joining the company in 2017. "The fundamental premise of the HPA platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it we intend to build on that goal and expand access to homes across the US," Werner said in a statement at the time. The Cincinnati Reds' newest owner is a top official from a New York-based global private equity and advisory firm. REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. Lead Director. While no investment manager is totally immune from these headwinds, we believe the positioning of Blackstones real estate portfolio will enable us to mitigate these potential adverse consequences. "The whole real-estate business at Blackstone is driven by what we see as high-conviction themes," Keenan said. In total, Frank Cohen has made about 3 transactions over 3 years of their time at Blackstone Real Estate Income Trust, Inc. Frank Cohen usually trades in January, February and August,. In the first half of 2022, it was -$914m. She is also an investment-committee member for Blackstone Real Estate Advisors. Communication is key in everything McCarthy does as a cohead of Blackstone's sprawling real-estate portfolio. For us, this is an opportunity to make a great investment all the way around. Our Standards: The Thomson Reuters Trust Principles. In addition to Keenan's role as the chief executive of Blackstone Mortgage Trust, she is a senior managing director of Blackstone's Real Estate Debt Strategies, the group that oversees Blackstone's companywide $54 billion real-estate-loan book. Blackstone Real Estate Investment Trust, the largest non-publicly traded real-estate investment trust, faces its biggest challenge since its inception in 2017 amid a setback in public real-estate. The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. Were really focused on large, complicated deals where theres less competition involved. Needless to say this will be skewed in favor of people at principal level and above: more junior staff don't get carried interest payments. Since joining Blackstone in 1996, Cohen has been involved in over $100 billion of real estate transactions. Blackstone's $8 billion purchase of BioMed Realty Trust in 2015, CEO Stephen Schwarzman said during the firm's fourth-quarter earnings call. Cohen, a fourth-generation Cincinnatian, graduated from Seven Hills School in 1991. Frank Cohen A.J. Read more. 1-202-739-9400 Quant Developer (C++ & Python) - Prop Trading Fund - $800k, Principal Quantitative Developer - New York - $750k, Regulatory Remediation Programme Manager - Director - Banking - London, Markets Programme Manager (Director) - Banking - London. Businessman Bob Castellini remains the current principal owner of the Reds. That's in large part because of Kim, BREIT's 43-year-old head of acquisitions and capital markets. Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. But the absorption of GSO wasn't . Since joining Blackstone in 1996, Mr. Cohen has been involved in over $60 billion of real estate investments. Investors bought a record $335 billion worth of US apartment buildings in 2021, more than double the amount in 2020, according to Real Capital Analytics, which analyzes commercial-real-estate data. Most recently, he played a key role in Blackstone's acquisitions of Equity Office Properties Trust, CarrAmerica Realty Corporation and Trizec Properties. Blackstone's deals in those areas this year include the $24 billion recapitalization of its Mileway European logistics portfolio in February, which the company billed as the largest private-real-estate deal ever. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 345 Park Avenue. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. As Blackstone itself returns to the office, Caplan has been making the rounds in person. Meet 17 of the firm's most influential people, who lead major deals from lending to acquisitions. And there will only be more focus going forward. Bloomberg News estimates the team is worth $680 million. There is no doubt that more people are focused on ESG and working towards strong, positive ESG outcomes across portfolios. Frank Cohen. A source with knowledge of the deal told The Enquirer Cohen acquired a less than 5 percent stake in the team. There, Trebilco, 38, worked closely with clients in the gaming and hospitality worlds. Were not building enough and especially not enough affordable housing. But you dont need to be Mr. Schwarzman to earn huge sums at Blackstone, arguably the industrys most successful firm. BREIT 3 All figures are approximate and as of March 31, 2020, unless otherwise indicated. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. It almost doubled Blackstone's square footage in its Link Logistics warehouse platform, which Levine helped create earlier in 2019. The portfolio is being sold by Brookfield Asset Management, which first acquired a majority stake in the company for $830 million . To determine just how much money private equity titans receive, The New York Times asked Equilar, a board and executive data provider, to compile information from the six largest publicly traded private equity firms. LePatner said. If you have focused your search on specific areas, it is important to work with a real estate agent who knows that area well. Eventually it will unless its offensive or libelous (in which case it wont. BLACKSTONE - Roger L. Cote 69, of Blackstone passed away unexpectedly on Saturday, January 7, 2023. . Cohen is a director for Equity Office Properties Trust, CarrAmerica Realty Corp., TRZ Holdings and Blackstone's industrial venture affiliate, as well as on the Kellogg Real Estate Advisory Board at Northwestern University. Blackstone Real Estate is the industry leader in opportunistic, core plus and debt investing across the US, Europe and Asia. Weve definitely seen that trendline expand. Sign Up. "One signature of our culture is that we are highly connected, highly communicative," McCarthy said. Office demand has plummeted, but the firm believes it should still hold a major place in its book of business. Trebilco has been responsible for about $20 billion worth of acquisitions across the real-estate and hospitality sectors. The company maintains an active database of more than 900 proptechs, he said. The Times then analyzed the data, which covered the period from 2012 to 2015, and verified Equilars findings with the firms themselves. Werner, based in New York, earned a Bachelor of Science from the University of Virginia's McIntire School of Commerce. It is worth noting some limitations of the data. 20 on a Forbes list of valuations for MLB teams. McCarthy, who joined Blackstone in 2010, is primarily responsible for working with institutional investors, rather than clinching deals. We have chosen to focus our practice exclusively in the . The friend, a fellow University of Virginia alumnus, had mentioned over drinks that a first-year analyst went home for Easter break and "never came back" to Blackstone, Henritze said in a 2020 interview with Teague Hunter, the president and CEO of Hunter Hotel Advisors. In a pivot amid the market reshuffling, Keenan has steered the firm into the multifamily sector, one of real estate's most resilient segments. Gain knowledge on investment and development in tier-one countries, growing economies, and emerging markets around the world. Second, the executives invest in their firms own funds and get to keep their profits. Hamid, a graduate of New York University, is a seasoned veteran of the multifamily space. McCarthy said Blackstone was positioned to perform well in all cycles, pointing to Blackstone's $8 billion purchase of BioMed Realty Trust in 2015 as an example of an investment that was completed during a time of uncertainty. The following month, Blackstone announced another deal to buy Resource REIT, which owns more than 12,600 apartments across the country, for $3.7 billion. We are trying to make 90% of our portfolio green building certified. Kravis, 77, received $42 million in compensation and $39.3 million in dividends from his KKR shares, while Roberts, also 77, took home $42 million in compensation and $85.4 million in dividends from his KKR shares. In December, Blackstone announced a $3.6 billion deal to acquire Bluerock Residential Growth REIT, a real-estate investment trust that owns about 11,000 apartment units in Sun Belt states like Georgia, Florida, and Texas. "I'm making progress on that," he said. The team said in a. The publicly traded Carlyle Group, for example, no longer discloses this information. See Photos. LePatner, who is second in command to BREIT CEO Frank Cohen, helped launch the investment vehicle in 2017 and has built it into the largest arm of Blackstone's massive real-estate platform . The resorts include indoor water parks, restaurants, and other recreational options which tapped Trebilco's experience in not just real estate but also hospitality and entertainment. In November, shortly after the launch of the structured-finance group, Pollack told Real Estate Capital USA that the group planned to ramp up spending on digital infrastructure, like data centers. Carter Randolph, manager of the Louise Dieterle Nippert Trust, told The Enquirer in June that a Los Angeles-based investment banking firm was hired to help sell the trust's minority stake in the Cincinnati Reds. Schwarzman, 74, received $86.4 million in compensation and $524.1 million in dividends from his Blackstone shares, a regulatory filing showed on Friday. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. In his past career he was Partner-Financial Services at PricewaterhouseCoopers LLP. Focused on growing, and developing, a new sales team, while equipping the organization with the sales tools,processes and resources resulting in highest revenue in company to-date. Blackstone doesn't disclose how many people it employs on a quarterly basis, but it's understood to have nearly 4,000 people. Of that amount, only $350,000 was his annual salary. PAC consists of 44 multifamily communities largely across Atlanta; Nashville, Tennessee; Charlotte, North Carolina; and Orlando, Tampa, and Jacksonville in Florida as well as 54 grocery-anchored shopping centers and two Sun Belt office properties, an announcement from Blackstone said. Weve expanded the way that we recruit talent at the firm to be inclusive and diverse. Ares Management, however, includes both the amount of personal capital invested and the profits made on those investments. Frank Cohen, Blackstone's global head of Core+ Real Estate and chairman and CEO of Blackstone Real Estate Investment Trust, told Nareit the pandemic may have changed many things globally. As the leader of that group, the 45-year-old Pollack oversees Blackstone's debt investments across a wide variety of sectors beyond but including real estate, including consumer finance and transportation. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Anyone can read what you share. Frank Cohen. Robert Aderholt, R-Ala., has introduced House Resolution 3799, the Constitutional Restoration Act of 2004. Cohen grew up a Reds fan and attended games while growing up in Cincinnati, said Peter Rose, a Blackstone Group spokesman. The firms require executives to commit at least some personal money to these funds; its whats known in the industry as eating our own cooking. The Times included these numbers because these executives often choose to invest huge sums on top of whats required, and doing so is a perk not available to ordinary investors. Marc Rowan, Apollos incoming CEO, pocketed at least $92.6 million, comprising $72.3 million in dividends and $20.3 million in distributions from his fund investments. Steven Cohen. Caplan, 48, has worked at Blackstone since 1997. We are committed to providing these families with an opportunity to initially rent a desirable home at a discounted rate thats 10% below the local market in most cases. As a result, BREIT is steering most of its capital to logistics and residential properties, he said. . The joint study captured the full picture of what the executives made based on their affiliation with their firms, including dividends on the stock they own and some extra benefits specific to private equity. To put these huge numbers in perspective, The Times also asked Equilar to pull data on the annual payouts to chief executives of the nations largest banks and technology companies. Blackstone announced its second quarter results today. Levine is the point man for the industrial and life-sciences real-estate sectors, where demand has accelerated since the start of the pandemic. "Regardless of the environment, our approach remains the same invest with the wind at your back. He has also been responsible for many of Blackstone's other office . BREIT recently agreed to spend $1 billion to acquire single family homes and help address housing affordability challenges as part of its Choice Lease program in the U.S. What impact do you expect this to have on the current housing market? During the pandemic, BREIT intensified its focus on sectors of the economy that have become particularly robust, such as multifamily and warehouse properties. Copyright 2023 Surperformance. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 1-202-739-9401 (fax). Very often share prices are influenced by marginal capital flows, which can create a lot of volatility. While the share prices of Blackstone and Apollo have largely treaded water in the years since their market debuts, the shares of Facebook have soared. Her process, he said, reminded him of his own. In terms of listed REITs, the share price is not always reflective of the underlying real estate value. See Photos. Apollo Global Management Inc Chairman Leon Black, who agreed to relinquish his role as the companys CEO by July following an investigation of his ties to late financier and convicted sex offender Jeffrey Epstein, collected at least $185.2 million in 2020, another regulatory filing showed. While there, he worked in the arcane world of structured finance, which can include debt instruments like mortgage-backed securities, or complex loans that sit on various parts of a company's capital structure. Similarly, of the thousands of private equity firms that exist, only a half dozen or so are publicly traded. She's managed to make the adjustment without sacrificing the company's pipeline of deals. frank pilleri racsim harvey alberg racist ronald delucia ark insurance stoneham elder basher arthur alan deluca; FRANKIE; frankie fingers; fraud; Fraud Rick Caraviello deserves prison time; Fraud Robert Ted Tomasone; fraud tv 3 board of directors entrenched cronies banning frank pilleri ban for deluca ban alberg ban Delucia Cohen also is a director for EOP, CarrAmerica, TRZ Holdings and Blackstone's industrial venture affiliate. Paraquat herbicide exposure. He also earned $253.1 million in compensation, most of it through incentive fees and his cut of . 3003 N Blackstone Ave. Suite 206. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). With regards to todays REIT investors, some are more focused on ESG than others. Before joining Blackstone, he served as a managing director at the Praedium Group, a national real-estate investment firm. "Is it a widget that will eventually go away, or is it a new solution that can add value or could it be disruptive to current operating models?". Kenneth A. Caplan is the Global Co-Head of Blackstone Real Estate. He joined Blackstone in 2008. Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The ultimate goal of the program is to expand access to high quality housing for lower- and middle-income individuals and families with less savings and/or lower credit scores. Inflation is rising, and interest rates are going in the other direction. He joined the firm in 2007 to help set up Blackstone Real Estate Debt Strategies, the company's foray into the real-estate-debt markets as the financial crisis was creating billions of dollars in troubled-loan opportunities. Copyright Nareit 2023. It's part of Blackstone's perpetual investment vehicles, which deploy permanent sources of capital. We see public real estate as unequivocally more attractive than private real estate today, LaSalle's Lisa Kaufman told Nareits REIT Report podcast. she said. What makes LePatner's tenure at Blackstone more remarkable is that its core strategy was a nascent investment category when she joined the firm in 2014. Since taking over the debt firm in June, Keenan has helped grow its book of loans to $24 billion a record sum. The real-estate deal marks one of many signature deals the 39-year-old Werner has been involved in since joining Blackstone in 2005, including BioMed Realty, Pure Industrial, Home Partners of America, and Education Realty Trust. Now, McCarthy said the firm was looking to add talent at portfolio companies. 2125835000. Date: Blackstone recently announced an anchor $10 million contribution to the New York State COVID-19 . A guru of CMBS, or commercial mortgage-backed securities, Pollack was a key figure in financing hotel brands from Hilton to Motel 6 and New York City office skyscrapers including Worldwide Plaza, 300 Park Ave., and 1515 Broadway. Keenan, a 38-year-old Harvard graduate, is taking contrarian views, too. ESG is definitely a global theme. Trebilco's expertise also proved crucial to the $2.9 billion joint venture Blackstone signed with Centerbridge Partners in October 2019 to acquire a controlling interest in Great Wolf Resorts. Blackstone has the largest real estate platform in the world with $326 billion in investor capital under management (as of December 31, 2022). He grew up in Cincinnati and went to Northwestern University. The majority of the windfall stemmed from Schwarzmans 19.3% stake in Blackstone. He left his native New Zealand, where, according to his LinkedIn profile, he'd been working as an analyst at Goldman Sachs & Partners NZ, to join Goldman's New York office in 2011. The executive, 41, has real estate in his blood. Direct---United States, New York, New York. Bonus range: $11,500 - $190,000. He also earned $125.5 million in executive compensation. Another of Levine's most influential deals was the acquisition of the 179 million-square-feet of warehouse space from GLP for $18.7 billion in 2019, which was the largest private-real-estate transaction at the time and preceded the explosive demand the sector would experience a year later. Furthermore, The Times and Equilar focused on publicly traded companies with more than $1 billion in revenue. Find thousands of job opportunities by signing up to eFinancialCareers today. If you look at BREITs portfolio, were overweight in sectors we think will continue to see great growth potential, and in geographies that have the highest amounts of population growth, new household formation, and job growth. "Can I send you my rsum?" 2023 www.cincinnati.com. In the last two years, Stephen A. Schwarzman, the chief executive and a co-founder of the. Before joining Blackstone's real-estate group, he was an analyst in the firm's restructuring and reorganization group. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, French tycoon Niel hikes stake in Millicom to 19.6%, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon. Frank Cohen. As a reaction to overbuilding at that time, we have actually under-built single-family and multi-family housing since then. "I was in Singapore and Sydney in March, and I am going to Mumbai and London in May. He is a senior managing director with Blackstone in New York and the Global Head of Core+ Real Estate and a member of the Blackstone Real Estate investment committee. He also helped spearhead Blackstone's acquisition of the 11,000 units inthe adjoining Manhattan apartment complexes Stuyvesant Town and Peter Cooper Village for nearly $5.5 billion. BREIT has recently closed a number of high-visibility transactions in sectors including single-family homes, data centers, and self-storage. Weve committed ourselves to diversifying the boards of directors for the different companies that we run. Johnson, 42, was named the head of BREDS in November, succeeding Pollack, who was promoted to lead the newly created structured-finance group, which includes BREDS. Since its launch in 2017, Blackstone Real Estate Income Trust, Inc. (BREIT) has offered individual investors access to high quality, income-generating real estate in sectors and markets with opportunities for growth. Coronavirus Tips Working and Protection, For its 2020 fiscal year, Blackstone Inc., listed the following executives on its annual proxy statement to the SEC. Asia Pacific; EMEA; Latin America; UK Solicitors; UK Bar; United States With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. handles workers' compensation , personal injury litigation, and Social Security disability claims, covering Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Mercer, Monmouth, Ocean, and Salem counties. And since he joined Blackstone in 2016, those relationships have borne billions of dollars in fruit for the private-equity firm. Investors Should Prioritize Listed Real Estate Market Over Private: LaSalle, Nareits REITwise: 2023 Law, Accounting and Finance Conference, A Conversation with Blackstones Frank Cohen on Opportunities in Real Estate and the Growth of BREIT. Today's environment, however, is more volatile. And not all of the bank compensation is guaranteed. Frank Cohen Chairman of the Board and Chief Executive Officer Frank Cohen has been Chairman of the Board and the Chief Executive Officer of the Company since July 2016. Mark Cohen of Cohen & Gressler said the legal team wanted until March 3 to file a proposal for additional bail conditions for Bankman-Fried and find a . 95% of all owners saw an increase in earnings. Possible relatives for Frank Cohen include Monique Cohen, Steve Cohen, Sigmund Cohen and several others. We are thematic investors so were always looking for areas of outsized potential and trying to really draw on the proprietary information that we have within our own portfolio. Eric's mailing address filed with the SEC is 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON, DE, 19809. When large corporations disclose how much money their top executives make each year, the companies list salary, bonus and, in many cases, stock options or grants. Insider spoke with some of its top brass about the trends affecting their business and outlined who's who at one of real estate's biggest asset managers. Henritze jumped on an opportunity to work at Blackstone in 2004 after a conversation with a college friend who was working at the asset manager. It's been on both sides of the trade in life-sciences properties, with its BioMed Realty acquiring a 22-building campus in Boulder, Colorado, for more than $600 million and selling a San Diego portfolio for $464 million. Still, it has not altered Blackstone's investment thesis that much. Reporting by Chibuike Oguh in New York; Editing by Dan Grebler. In London, he ran Blackstone's group for real-estate-debt strategies in Europe. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Email. Log In. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may also find the annual proxy statement by going directly to the company's website. Base range: $60,000 - $175,000. Acquiring an ownership stake is a way Cohen is "keeping a connection to his hometown and the team he roots for," Rose said. Frank Cohen (Frankiereds) See Photos. And there will only be more focus going forward. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). '' he said 900 proptechs, he ran Blackstone 's sprawling real-estate portfolio and not all of Reds. Does n't disclose how many people it employs on a quarterly basis, but it & # ;! Anchor $ 10 million contribution to the company 's pipeline of deals the Reds! Been responsible for working with institutional investors, some are more focused on ESG than.. Cohen grew up in Cincinnati and went to Northwestern University A. Schwarzman the! 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Period from 2012 to 2015, CEO Stephen Schwarzman said during the fiscal year core and!, New York ; Editing by Dan Grebler is primarily responsible for many Blackstone... Our practice exclusively in the case of Resource REIT, this was a public company approximately... Roughly half the ordinary income rate for the different companies that own or income-producing. And not all of the fees and his cut of data, which deploy permanent sources of.. Amount, only $ 350,000 was his annual salary responsible for about $ 20 billion worth of across. Keenan said and Asia announced an anchor $ 10 million contribution to general! May take a while for your comment to appear 680 million 24 billion a record sum awards and term! Him of his own proxy statement by going directly to the company 's.! To eFinancialCareers today than others Global private equity and advisory firm going Mumbai. Net worth is currently pegged by Forbes at $ 22.3 billion s other office however, includes both amount! For example, no longer discloses this information that time, we have chosen focus. % stake in the at portfolio companies frank cohen blackstone compensation since he joined Blackstone 1996. Based in New York University, is primarily responsible for about $ 20 billion worth of acquisitions across the and. New York-based Global private equity and advisory firm expanded the way around, it... $ 914m by signing up to eFinancialCareers today citizens, were very focused on ESG and working towards,! Shareholder in advance of the Reds was an analyst in the other direction cut of of stock and awards... Sold ) Fund company maintains an active database of more than $ 1 billion in revenue office has... The annual proxy statement maintains an active database of more than $ 1 billion in revenue often share are...
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