WATCH: Blackstone CEO Predicts Increasing Demand For Urban Real Estate

Stephen Schwarzman shares lessons he learned from the recession and being the one-time largest owner of single-family real estate in the country.

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The coming years will see increased investment in and migration to urban areas, according to Stephen Schwarzman, the chairman, CEO and co-founder of global asset management firm The Blackstone Group.

Schwarzman, speaking with Clelia Peters, the president of Warburg Realty and Inman’s editor-at-large, at Inman Connect New York, during a talk titled, “What It Takes: Lessons in the Pursuit of Excellence,” gave some insight behind his company’s real estate investment strategy.

“The supply-demand for urban will continue because there’s more and more migration into cities because younger people like experiences,” Schwarzman said.

For more about the shift to urban areas, tune into the video above, or read the full article here.

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