Blackstone Revamps Asia Real Estate Unit as Miyasaki Steps Down

Blackstone Inc. is revamping the senior management at its Asia real estate unit as its long-serving head of acquisitions is set to leave, people familiar with the matter said.

Alan Miyasaki, who has spent 24 years at the world’s largest alternative asset manager, including 18 in Asia, is returning to the US to be closer to his family in Utah, the people said, asking not to be identified because the matter is private. He’ll be replaced by Luigi Caruso, currently chief operating officer of the real estate team in Europe, the people said.

Miyasaki, 49, who has been shuttling ...