Housing is a "good investment" even though prices aren't rising as much as after the financial crisis, Blackstone chief Steve Schwarzman said Monday.
"It's been coming back for quite some time," Schwarzman told CNBC from the Milken Institute conference in Los Angeles.
Blackstone owns about 47,000 homes in the United States, making it the biggest single private owner. It has about $90 billion in real estate assets under management globally.
"The market continues to go up for the value of houses," Schwarzman said.