WATCH: Blackstone CEO predicts rising demand for city actual property

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The approaching years will see elevated funding and migration to city areas, in line with Stephen Schwarzman, chairman and chief govt officer and co-founder of worldwide asset administration firm The Blackstone Group.

Schwarzman, talking with Clelia Peters, president of Warburg Realty and editor of Inman, at Inman Join New York, at a convention titled "What It Takes: Classes within the Pursuit of Excellence", mentioned given an outline of his actual property funding technique.

"The availability-demand for city areas will proceed as there’s increasingly migration to cities as a result of younger individuals like experiences," mentioned Schwarzman.

To study extra about transferring to city areas, watch the video above or learn the complete article right here.

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