Blackstone Real Estate Co-Head Says Fear Creates Opportunities

Fears over turbulence in commercial real estate is creating opportunities for well-capitalized investors, according to Blackstone Inc. co-head of global real estate Kathleen McCarthy.

“When sentiment gets really negative, prices decouple from fundamental value,” she said in a Bloomberg Television interview with Francine Lacqua. “We have a practice of trying to quiet that noise and look at the information in front of us.”

WATCH: Blackstone’s Kathleen McCarthy on “The Pulse With Francine Lacqua”

Bloomberg TV

High vacancy rates in US office markets and the impact of rising interest rates on property values in Europe have prompted a brutal selloff in publicly traded real estate stocks and bonds. The depth ...