Blackstone real estate head sanguine about rising rates

07/11/2013 | CNBC

Even with rising rates in the picture, commercial real estate is still poised to perform very well, says Blackstone real estate head Jonathan Gray. "Yes, it's a difficult rate environment as it starts to move up but when you look at the fundamentals of the properties, because of the lack of new supply, commercial real estate's likely to perform fairly well going forward," he says.

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