Blackstone Adds Former AvalonBay Chairman to Unit’s Board

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Blackstone Group LP, the world’s largest private-equity firm, added former AvalonBay Communities Inc. Chairman Bryce Blair to the board of its Invitation Homes unit, the largest owner of single-family rental houses.

Blair, also the former chief executive officer of apartment landlord AvalonBay, where he worked for 20 years, “will be tremendously helpful as we develop our platform,” Invitation Homes Chairman and CEO Nick Gould said today in a statementBloomberg Terminal.