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Nadeem Meghji to Leave Blackstone’s Global Real Estate Leadership
Nadeem Meghji is leaving Blackstone at the end of the year.
He has worked at the company for 18 years and led its worldwide real estate business.
That business manages more than $600 billion in property investments.
Blackstone said Meghji wants to spend time with his young family before deciding what to do next.
David Levine and Giovanni Cutaia will share leadership of the real estate unit after he leaves.
Meghji helped Blackstone buy and expand many kinds of properties.
These included apartments, life-science offices and affordable housing.
His departure comes after several other senior real estate executives also left the firm.
Nadeem Meghji, Blackstone’s global head of real estate, will leave the firm at year-end after 18 years.
David Levine and Giovanni Cutaia will jointly lead Blackstone’s global real estate unit.
Meghji oversaw a portfolio valued at about $608 billion, including major UK property holdings.
His career included leadership of acquisitions involving Stuyvesant Town-Peter Cooper Village, BioMed Realty Trust and Brixmor Property Group.
Blackstone said Meghji plans to spend time with his young family before pursuing new opportunities, amid wider senior turnover in its real estate division.
- Who
- Nadeem Meghji, Blackstone’s global head of real estate, is departing; David Levine and Giovanni Cutaia will jointly succeed him.
- What
- Meghji is stepping down from Blackstone’s global real estate leadership role.
- Where
- The change concerns Blackstone’s global real estate business, operated by the New York-based firm and including substantial UK holdings.
- When
- He is expected to leave at the end of the year.
- Why
- Blackstone said Meghji plans to spend time with his young family before pursuing new opportunities.
Key facts
- Departing executive
- Nadeem Meghji, 46
- Tenure at Blackstone
- 18 years
- Real estate portfolio overseen
- Approximately $608 billion
- Incoming leaders
- David Levine and Giovanni Cutaia
- UK investment commitment
- Blackstone has pledged £100 billion of UK investment over the next decade
- Recent global real estate fund
- Blackstone closed a record $30.4 billion fund in 2023
- Real Estate Income Trust performance
- The trust posted an 11% net return over the past year and recorded its first positive quarterly net inflow in four years
Sources
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