Blackstone has expanded its presence in Canada by creating an office in Toronto for Blackstone Real Estate. The office will be led by Janice Lin, appointed by the firm as head of its real estate business in Canada. Lin was previously CIO of Revera, a retirement and senior care residence operator, and held senior investment roles with Canada Pension Plan Investment Board.
TORONTO, May 9, 2022 – Blackstone (NYSE: BX) today announced that it is establishing a Blackstone Real Estate office in Toronto and the appointment of Janice Lin as head of its Real Estate business in Canada. Ms. Lin’s leadership experience and deep knowledge of the Canadian market will help drive Blackstone Real Estate’s Canadian footprint as it continues to invest across all asset classes, with a focus on its long-term presence in the country.
Blackstone has long had a significant presence in Canada across its businesses, including CAD $14 billion of real estate assets totaling approximately 450 properties – consisting primarily of logistics. Blackstone’s portfolio companies across the firm employ more than 3,550 people in Canada.
Nadeem Meghji, Blackstone’s Head of Real Estate Americas, said, “We are excited to officially open a real estate office in Canada and welcome Janice to lead our real estate business in the country. We are long-term believers in the strength of the Canadian economy, and we look forward to leveraging her expertise and on-the-ground views to help us expand our presence in the Canadian real estate market.”
Ms. Lin added, “Blackstone’s long-term investment approach has enabled it to build a growing logistics, office, and residential footprint across Toronto, Montreal, and Vancouver. Canada’s population growth is the highest among G7 nations and is nearly double that of the U.S., and I believe that will continue to create exciting opportunities in the market. I look forward to strengthening Blackstone’s strong presence in Canada and supporting businesses across a number of different sectors.”
Prior to joining Blackstone, Ms. Lin served as Chief Investment Officer at Revera, a global owner of differentiated retirement living operators with residences throughout Canada, the U.S. and U.K. Previously, she held senior investment roles across multiple sectors at the Canada Pension Plan Investment Board. She holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania and an MBA from Harvard Business School.
Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $298 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, residential, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstone’s European yield-oriented strategy. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).