'Everything is up. You have to see something reasonably remarkable in terms of your ability to improve the operations of a company,' he said.
Schwarzman said the moves were partly justified by expectations for further economic growth as interest rates remain low. But in turn, that's led to higher purchase prices of assets.
"Everything is up. You have to see something reasonably remarkable in terms of your ability to improve the operations of a company," he said.For example, in late 2019, Blackstone acquired U.S. industrial warehouse properties from Singapore-based logistics provider GLP for
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