Fundamental REO LLC CEO Donald R. Mullen Jr.

Fundamental REO LLC CEO Donald R. Mullen Jr.

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Fundamental REO LLC CEO Donald R. Mullen Jr. plans to spend as much as $2 billion by 2016, joining private-equity giants including Blackstone Group LP and Colony Capital LLC seeking to take advantage of home prices 29 percent below the 2006 peak and rising demand for rentals from Americans blocked out of homeownership.