The Blackstone Real Estate Income Trust

The Blackstone real estate income trust is expected by Wall Street to grow its earnings per share at a mid-teens rate. It does have a premium valuation, the stock, but it's by no means a nut evaluation so I think there's every chance that it could continue to perform with good growth from here. The University of California stepped in this month with a $4 billion investment,. So where it goes from here is less clear. We asked him more broadly about the economy and what he thinks will happen.