How Blackstone Is Experimenting With Tech

Last week it was possible to get a rare insight into how the world’s biggest real estate owner thinks about tech.

Lionel Hill was appointed chief technology officer for the $140B real estate division of Blackstone in February, having joined from CBRE. It is the first time Blackstone has had a real estate CTO.

“We are in the experimental phase right now,” he said on a panel at the Future:PropTech conference in London. “We are looking at how we streamline operations across our portfolio companies so people feel positively about them. Despite the diversity of asset classes and operations there are commonalities and we are looking at what is common and building things around this.”