Blackstone Taps Advisers to Sell £1 Billion Rental Home Platform

Blackstone Inc. has appointed advisers to sell its British rental home business Leaf Living.

The alternative asset manager hired bankers at Goldman Sachs Group Inc. and CBRE to advise on the sale, according to people familiar with the matter who asked not to be identified as the deal is private. The business is expected to fetch north of £1 billion ($1.3 billion), the people added.