Blackstone Real Estate Turns to New Leaders After Meghji Exit
Monday, November 9, 2026 · first reported by Yahoo Finance
Blackstone's real estate unit is now run by David Levine and Giovanni Cutaia, following the departure of Nadeem Meghji. He gave notice in September, with his exit due before the end of the year. He had been sole head since January, after co-head Kathleen McCarthy left less than 10 months earlier. Blackstone said he wants time with his young family.
The unit's profit is running at half its 2022 peak. Real estate distributable earnings dropped 10% in the third quarter from a year earlier, and assets are $30B under their high. Bloomberg reports the flagship BREP IX fund has returned 3% annualized net since 2019.
- Fund
- BREP IX
- People
- Nadeem Meghji
- Asset class
- Private equity, Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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