Goldman Sachs Exchanges Blackstone’s Kathleen McCarthy on the forces shaping the real estate industry
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Dec 5, 2023 Kathleen McCarthy, one of the leading investors in the real estate industry, discusses Blackstone's investment strategy, the impact of remote work on the office sector, and promoting diversity in the industry. She shares her experiences in finding authentic leadership style, breaking gender norms, and her passion for attending Coachella.
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Drawn to Real Estate
- Kathleen McCarthy chose real estate investing due to its tangible nature and diverse professionals.
- She was also drawn to the opportunity to continue working within Goldman Sachs' culture.
Early Career Crises
- Kathleen McCarthy witnessed the dot-com bubble, 9/11, and the 2008 financial crisis before turning 30.
- These events taught her about resilient capital structures, the quick-changing nature of finance, and the importance of transparency.
Thematic Investing
- Blackstone's real estate investment strategy involves identifying mega trends and investing in assets poised to benefit.
- E-commerce growth led them to invest heavily in warehouses and avoid regional malls.