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The median sales price for an American home hit $420,400 this year, a stark 30% increase over the last five years. Meanwhile, the U.S. Census Bureau reported that as of 2023, median household ...
The logo of Blackstone. In the United States institutional investors owning single-family homes has become an increasing object of debate since the early 2000s, owing to rapidly rising housing costs and the perceived death of the American Dream being brought on by these investors.
As residential real estate continues to sizzle, private equity firm Blackstone has agreed to buy Home Partners of America, a Chicago-based single-family home rental company, for $6 billion.
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]
On January 23, 2017, Fannie Mae funded $1 billion of debt to Invitation Homes as back-up money; four years prior, Fannie stopped another government-sponsored entity buying distressed homes, and Fannie's acquisition with the Blackstone entity was the first time in history it backstopped a single-family house landlord company. [11]
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...
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