Real Estate titan, Blackstone, announces new senior management positions
In a significant shake-up of the real estate sector, Blackstone, one of the world's leading investment firms, has announced several key appointments within its real estate business and subsidiaries.
Effective November 10, 2025, Katie Keenan and Zaneta Koplewicz will take on the roles of Co-President and Director of the Blackstone Real Estate Income Trust (BREIT). Keenan will also serve as the CEO of BREIT and the global head of the Core+ business, succeeding the late Wesley M. LePatner.
Keenan's appointment as global head of Core+ Real Estate is immediate, and she will continue to oversee the growth of the BREIT platform, which she helped grow to its current size of $77bn (£57.1bn). Keenan currently serves as global co-chief investment officer of Blackstone Real Estate Debt Strategies (BREDS), where she has demonstrated expertise in commercial real estate credit investment strategies.
Zaneta Koplewicz, who has been appointed as co-president and a director of BREIT, brings a wealth of experience to her new role. Koplewicz will play a crucial part in leading the organization moving forward.
Tim Johnson, who has been the global head of BREDS and chair of BXMT's board, will continue in his roles. However, he will step down as the CEO of BXMT, with Katie Keenan taking over the position. Johnson's expertise in commercial real estate credit investment strategies will continue to be a valuable asset to Blackstone.
Rob Harper resumes his role as BREIT head of asset management, ensuring a smooth transition in the leadership of the trust.
Blackstone's real estate business manages an impressive $325bn of investor capital, and BXMT, a publicly-traded commercial mortgage REIT managed by a subsidiary of Blackstone, will continue to benefit from this expertise under its new leadership.
This restructuring at Blackstone represents a strategic move to further strengthen its position in the real estate sector, with these experienced leaders at the helm. The changes in roles at BREIT and Core+ Real Estate will take effect on 10 November this year.
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