Blackstone, the biggest owner of commercial real estate in the world, is placing its bets on the student housing rental market as demand surges worldwide.
She highlighted last year's acquisition of student housing provider American Campus Communities as one way Blackstone can work with universities to increase supply amid shortages.
The company, she added, also focuses on rental housing because it shows a "great deal of resiliency."
But student housing issues aren't solely a U.S. problem, and Blackstone has made investments in Australia, Canada and the U.K. as students seek English-language degrees, McCarthy said.
Along with student housing, McCarthy also highlighted datacenters and logistics as other key conviction real estate areas as artificial intelligence booms and consumers do more online shopping.
Persons:
Blackstone, Kathleen McCarthy, Blackstone's, McCarthy
Organizations:
Alpha, Communities, Blackstone Real Estate Partners
Locations:
U.S, Australia, Canada