Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Blackstone Said to Discuss Rental-Home Bonds With Deutsche Bank

Don't Miss Out —
Follow us on:

July 30 (Bloomberg) -- Blackstone Group LP, the private-equity firm that spent $5 billion buying more than 30,000 houses to rent them out, is working with Deutsche Bank AG as it considers creating securities tied to about 1,500 of such properties, according to a person with knowledge of the matter.

The bonds, which Deutsche Bank may begin marketing to investors as soon as next month, could have about $250 million in balances and be backed by $300 million to $350 million in collateral, said the person, who asked not to be named because the discussions are private. The Wall Street Journal reported details of the talks earlier today on its website.

Christine Anderson, a spokeswoman for New York-based Blackstone, declined to comment, as did Renee Calabro, a spokeswoman in New York for Deutsche Bank.

Blackstone has led private-equity firms including Colony Capital LLC and Apollo Global Management LLC that have emerged as large-scale landlords as the housing market recovers from a five-year slump. Blackstone has a $3.6 billion credit line from lenders led by Deutsche Bank.

To contact the reporters on this story: Jody Shenn in New York at; Heather Perlberg in New York at

To contact the editor responsible for this story: Alan Goldstein at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.