Are you over 84,000 euros? Jon Gray Blackstone COO hints 84000 euros investment - This is what the COO of Blackstone, the world's largest real estate fund, would do with them.

The person who helped turn the American Blackstone fund into one of the largest real estate owners in the world advises those who have $ 100,000 to invest (about 84,000 euros) to do so in real estate, such as land or real estate.

Jon Gray, director of Operations of the giant that manages assets worth half a billion euros and is considered by many as a "vulture fund," he explained to Bloomberg that if I had that amount (so rhetoric, his fortune exceeds 5,000 million euros, according to Forbes) the invest in REIT's (trusts real estate investment). In Spain the equivalent are what we know as socimis (listed real estate investment companies).

Gray's commitment to this type of investment is based on allowing people to invest in real estate without the need to buy or manage a property themselves. Specifically, and thinking about the future, sees with many options for growth the areas where technology companies are settling.

Jon Gray Blackstone COO hints 84000 euros investment

"Go where the creative guys and tech guys are, because there are the markets where there will be the most economic activity," he says. Specifically cities such as the American cities Austin (Texas) and Cambridge (Massachusetts) and others such as London, Amsterdam or Tel Aviv.

Regarding the type of product, Gray points out that investors can choose between shares of public entities, mutual funds, funds that are listed on the stock exchange with REIT through a brokerage company or even in pension accounts or real estate investment crowdfundings.

Jon Gray Blackstone COO hints 84000 euros investment: The important thing for the number 2 of Blackstone is to know how to wait and ask some things like "if it is a good real estate, where the supply is limited and the demand favorable". "If so, keep the investment," he advises. In short, " find the right neighborhoods to invest in, deploy your capital and then be patient."

Beyond concrete products, for Gray, the key in the world of investment is to be convinced and know what you are doing: "When you enter the world of investment and put a lot of money in things that you do not know or do not understand, it usually goes wrong. But when you look at something like single-family homes, international logistics, or online opportunities and focus on it, that's when you get the best results."

Jon Gray Blackstone COO hints 84000 euros investment

Gray entered Blackstone shortly after graduating from college in 1992. His rise to fame came when he helped raise a real estate portfolio of 325,000 million dollars (about 273,000 euros).

Since then he has participated in operations such as the purchase of single-family homes for rent, an option that is gaining strength in the US and other parts of the world, as a result of high prices and the low level of supply. This has considerably fattened the coffers of Balckstone, which has a portfolio of tens of thousands of homes across the globe. In Spain it is the largest owner of housing and also hotels.

Jon Gray Blackstone COO hints 84000 euros investment

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Avlo, the Ave low cost, opens this Wednesday with 4 daily services, but only for the Northeast corridor of the high speed

After a delay of one year and 3 months, the Avlo will finally begin to circulate to offer a high-speed economic alternative between Madrid and Barcelona.

The official debut will be on a train that will depart on Wednesday 23 at 5:35 from Figueres-Vilafant to Madrid, while in the opposite direction the first convoy will depart from Atocha station at 6: 20, with a final in Barcelona-Sants.

Initially there will be 4 daily services in the so-called Northeast Corridor of the high speed, where in addition to Madrid, Barcelona and Figueres the Avlo also stop in Guadalajara, Calatayud, Zaragoza, Lleida, Tarragona and Girona.

However, according to Renfe, this amount could be increased according to the evolution of the demand for the service.

In addition to the traditional Ave services, Renfe will offer a total of 40 daily trains (20 for each direction) between Madrid and Barcelona, totaling 16,000 seats.

The delay in the start-up, imposed by the pandemic, led the French operator SNCF to anticipate Renfe with the launch of its low-cost service Ouigo, which debuted a month ago with the same route.

Avlo trains have a single class, where tickets are sold from 7 euros (or 5 euros in the case of children under 14).

This rate includes the free transportation of a cabin suitcase and a handbag or backpack.

To be able to carry luggage larger than 85×60×35 cm, you must pay a surcharge of 10 euros (or 30 euros if the change is made at the station).

Other services, such as choosing a seat, changing or cancelling the ticket, also involve a surcharge on the final fare in the order of 8 euros.

Strollers can be carried free of charge, as well as bicycles (but only those that are foldable).

Each convoy will carry 438 passengers, 20% more than the Ave 112 series trains running the same route. It is not that the lines are closer together, but that the Avlo service does not have a cafeteria car.

In any case, there are vending machines for soft drinks and snacks to relieve hunger during the trip.

The interior of the cars is decorated in soft, raw tones, with details of Renfe's corporate purple in details such as the hallway carpet and there are orange touches like the armrests.

Since the tickets are nominative, to buy them you have to register at www.avlorenfe.com or in www.renfe.com and enter personal data.

The new low-cost trains are certified in sanitation, disinfection and cleaning, with protocols certified by AENOR and SGS, a world leader in inspection, verification, testing and certification.