Blackstone group (BX) devote a lot of residential real estate company chairman and chief executive Stephen schwarzman told CNBC on Monday.
Constructs a new home in Ohio park, chili. (ap photo/Tony Dejak)
"Now, the blackstone group, is one of the largest owners of personal housing in the United States," schwarzman told CNBC's "SQUAWK street" on Monday, pointing to his company's $300 million portfolio of residential real estate.
But considering the real estate market just recovery, they don't buy and sell them quickly and rent.
"He said," this is a very good business for us, this is a new thing, but it is also good for us.
Schwarzman, points out that the real power in the automobile industry and the housing on the U.S. economy is the cause of, the reason is in the car and the average housing price increase over the past year.
(to read more: Wall Street look worker's to increase profit)
Mr Schwarzman also said U.S. energy independence will be a boon for domestic economy.
"Everywhere I travel the world [the] America's energy potential is about the first people to talk about. If we can create is a large amount of energy of the lowest price in the world, it is very logical, people from outside the United States will start business in the United States in the United States."
Schwarzman also predict that there will be a "significant increase" in the chain of energy use, "if you can anticipate, with natural gas powered cars in the world of the future, will save is absolutely huge, will go into consumers' pockets," he said.
(learn more in your city map -, tracking the real estate recovery -)
Schwarzman also hope that in the United States through the company to support entrepreneurship blackstone charitable foundation and blackstone's "quick start" scheme, extend to the university of central Florida this week.
"This is a very interesting way to attract a wide range of people," he said. "A good idea, can still overcome [provisions] rules needs to be created and some difficulties for the enterprise," he said, in the subway Fred DE luca, founder of the comment on CNBC earlier this month, the subway "would not exist if similar regulations in place at the start of the company.
The company to provide us $1.4 million grant of $50 million part of the entrepreneurial efforts. The company said that 60000 students will have access to the program, and over the next five years to create an estimated 300 new joint venture's potential.
 



Other News:
Woman who finished 2nd in 2012 takes Iditarod lead
We're Betting Big on Real Estate: Blackstone CEO
Senate Democrats prepare government funding bill
The poll said that Hillary Clinton is the most likely to win the 2016 U.S. presi
Belden selling 200M euros in notes due 2023
Colo. House committee delays vote on cow tail bill
S&P paper trail may lead nowhere in government case
North Korea hit by new UN sanctions after test