Blackstone Raising $5B Rental Bet With Loans

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July 8 (Bloomberg) -- Blackstone Group LP, the private-equity firm that has spent $5 billion on more than 30,000 distressed houses, is preparing to expand its bet on the housing recovery by lending to other landlords. Su Keenan reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

The firm wants to increase even further into housing?

People close to the matter said that blackstone is hiding up a finance company that would -- is heading up a finance company that would buy properties from other lamellar its.

After spending $5 billion to buy 29,000 homes in distressed markets, blackstone confirmed with bloomberg last month that it is entering its final stages of its buying spree.

At this point, it is hard to say how far this will get.

The environment is more challenging now, given that and more investors are coming into the market.

We think there is still an opportunity.

For that opportunity, at least one of them was loaned to these small landlords.

And the buying frenzy has fueled the fastest growth since 2006. and we have never seen investors invent -- involved to this extent in the rental market, right?

Right, and blackstone has not either.

More than 100,000 homes in the past two years, all of those to capitalize on distressed prices.

This was formerly the mom-and- pop market.

Blackstone is poised to take any and bigger bite out of the market, which is estimated by goldmansachs gb $two 0.8 trillion -- $2.8 trillion.

And by creating this lending unit, blackstone joins joins cerberus capital's first key lending.

Usually, investors have to go and sell properties before they can buy more.

Collett and institutional lending factor and it totally changes the game.

This text has been automatically generated. It may not be 100% accurate.


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