Blackstone (BX) Jumping Into Residential Property as Housing Recovers
Posted on July 03, 2012 at 10:44 AM EDT
Blackstone Group LP (BX), the biggest buyer of U.S. commercial real estate since prices bottomed, is jumping into residential property as housing recovers. The private-equity firm has spent more than $250 million this year buying foreclosed single-family houses with the intention of renting them out, said two people with knowledge of the effort. The goal [...]