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n Nov. 11, 2025, Blackstone announced that Kathleen McCarthy, the 47‑year‑old global co‑head of its $320 billion real‑estate arm, will leave the firm after 15 years. She will step down by year‑end to pursue other opportunities. Nadeem Meghji, 45, who has co‑led the division with McCarthy, will become the sole head. McCarthy’s stewardship helped shape Blackstone’s real‑estate strategy.