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Private equity powerhouse Blackstone recently poured $6 billion dollars into one of the biggest bets on suburbia in recent history. In July of 2021, Blackstone purchased America's largest...
It was one of the first large public companies to begin investing heavily in single-family homes, following the entry of The Blackstone Group into the field in 2012. [3] Early funding for the company included a $600 million investment from the Alaska Permanent Fund. [2] In August 2013, the company became a public company via an initial public ...
According to John Burns Research & Consulting, only 0.4 percent of single-family homes in the United States are owned by institutional investors with over 1,000 homes in their portfolio. [12] This share rises to 3.8 percent of single-family homes for institutional investors owning over 100 homes, and up to 10 percent in certain metro areas such ...
After the 2007–2010 subprime mortgage crisis in the United States, Blackstone Group LP bought more than $5.5 billion worth of single-family homes to rent, and then be sold when the prices rise. [183] In 2014, Blackstone sold Northern California office buildings for $3.5 billion. [184]
Blackstone raised rent prices at double the market rate — up 79% at one building — in San Diego, report says ... Redfin’s report shows that the typical home sold by an investor in March went ...
While the overall ownership of single-family homes by private equity remains relatively small, a 2022 report by MetLife estimated that by 2030, 7.6 million single-family rental homes in the United ...