評論
打印
In 1994, BlackRock became an independent firm and Blackstone sold its shares in the company.
1994年，黑巖集團成為一家獨立公司，而黑石集團也出售了其在該公司的股份。
Fink and Schwarzman now work on opposite sides of Park Avenue.
芬克(黑巖集團的創始人)與施瓦茨曼(黑石集團的創始人)如今在公園大道的兩頭工作。
Fink’s company dwarfs Blackstone, but when it comes to property, Blackstone is the giant.
芬克的公司讓黑石集團相形見絀，但在房地產領域，黑石集團才是巨頭。
Its $320bn real estate portfolio is more than six times larger than that of BlackRock.
黑石集團3200億美元的房地產投資組合是黑巖集團的6倍多。
“For Blackstone, real estate is the goose that lays the golden egg,” Brett Christophers, a professor of geography and author of a forthcoming book about the asset management industry, told me.
地理學教授布雷特·克里斯托弗斯告訴我:“對黑石集團來說，房地產是下金蛋的鵝?！?布雷特即將出版一本關于資產管理行業的書。
In the 2000s, Blackstone’s real estate division was known for buying up office spaces and hotels.
本世紀頭十年，黑石集團的房地產部門以收購辦公場所和酒店而聞名。
Now, it seems to prefer life-science laboratories and warehouses rented out to last-mile delivery firms.
現在，該集團似乎更喜歡把生命科學實驗室和倉庫租給配送最后一英里的快遞公司。
But it is Blackstone’s interest in another type of real estate that has attracted the most scrutiny.
但黑石集團對另一類房地產的興趣吸引了最多的關注。
In recent years, it has become known for creating a profitable asset class from residential properties – in other words, buying up homes.
近年來，該集團因從住宅地產中創造出一種謀利的資產類別而聞名——換句話說，就是購買住房。
Unlike warehouses or office blocks, the principal revenue source in rental homes are the people who live in them.
與倉庫或辦公大樓不同，出租房屋的主要收入來源是租住在房子里面的人。
Although Blackstone insists that its top priority is providing a good service, the finance industry’s expectation of increasing returns can seem at odds with the interests of tenants.
盡管黑石集團堅稱，集團的首要任務是提供良好的服務，但金融業不斷增加的回報預期似乎與租戶的利益不符。
In the years before the pandemic, the company presented its “conviction themes” – the areas where it plans to invest – to its largest shareholders at an annual investor meeting.
在疫情開始前的幾年里，該公司在年度投資者會議上向其最大的股東展示了其“信念主題”——公司計劃投資的領域。
(This event used to be held at the Waldorf Astoria hotel in Manhattan, which Blackstone used to own.)
(該活動曾在曼哈頓的華爾道夫酒店舉行，這家酒店曾歸黑石集團所有。)
“It was like drinking from a firehose in the world of real estate,” a former Blackstone executive told me of one meeting at the Waldorf.
一位前黑石集團高管在談到華爾道夫酒店的一次會議時告訴我:“房地產行業工作非常累?！?/p>
“You could be talking about shopping centres in Shanghai one minute, offices in Seattle the next minute. In that room, you’d probably be more informed about what was happening in the world of real estate than in any other room on the planet.”
“你可能前一分鐘還在談論上海的購物中心，下一分鐘就在談論西雅圖的辦公室了。身處那個房間，你可能比地球上其他房間的人都更了解房地產世界正在發生的事情?！?/p>
