Blackstone is a major private equity firm that has an ownership interest in over 274,000 rental homes. The BREIT portfolio, a narrow slice of its real estate division, includes substantial numbers of apartments, mobile home parks, student housing and single-family rental homes. The company’s U.S. rental housing portfolio is weighted toward cash flowing properties in the sun belt and coastal cities. The company says its large footprint and expertise in finance can make a positive impact on the housing market as prices keep rising in supply-constrained regions of the U.S..
Chapters:
0:00 Introduction
01:37 Chapter 1: Multifamily housing
05:11 Chapter 2: Private placements
08:12 Chapter 3: Single-family rentals
10:02 Chapter 4: Policy
Produced and Edited by: Carlos Waters
Additional Editing by: Andrea Miller
Senior Director of Video: Lindsey Jacobson
Graphics: Emily Park, Mithra Krishnan
Additional footage: Getty Images
Additional sources: Academy of Achievement, April Housing, Congress, Corcoran Group, Novogradac, New York Stock Exchange, California Apartments Association, Newman Ferrara LLP, Reuters, Parcl Labs, SeaCure Advisors, Stuyvesant Town Peter Cooper Village Tenants Association, Urban Institute, USA Facts, Zumper
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Why Blackstone Is Buying Homes In The U.S. Again
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