Beydoun Sees `Great Opportunity' in Detroit Housing

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Jan. 16 (Bloomberg) -- Sameer Beydoun, chief executive officer of Metro Property Group, talks to Bloomberg's Chris Christoff about his decision to leave New York City and invest in homes in Detroit. While private-equity firms such as Blackstone Group LP snap up foreclosed homes in California, Arizona and Florida, smaller investors have found bargain-basement bonanzas in Detroit. (Source: Bloomberg)

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