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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.
Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman , who had previously worked together at Lehman Brothers .
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...
In 2006, The Blackstone Group acquired the company for $36 billion in the largest leveraged buyout in history at the time, then selling off the portfolio in pieces; both Zell and Blackstone had impeccable timing, selling just before the 2007–2008 financial crisis. [17] In 1984, Zell founded Equity Lifestyle Properties.
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“They’re looking at 6% in rents and residential real estate [inflation] and we’re the largest owner of residential real estate and we think it’s 0-1%,” said Schwarzman.
In 2013, foreign buyers made up about 7% ($92.2 billion) of transactions in the $1.2 trillion U.S. real estate market. Canada was the main buyer with 19% of sales (decrease from 23% the year before), China was on the second place with 16% of sales, while on the first place considering total foreign sales by dollar value (24% or $22 billion).
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