Apartment stocks surge following $10B Blackstone bet
The Bloomberg REIT Index recorded its largest single-day gain since December on Monday. The largest gains, unsurprisingly, were recorded by recent acquisition AIR Communities
by Ben Verde Apr 10
Blackstone ramps up activity with $10B multifamily acquisition
The acquisition of AIR Communities marks Blackstone's largest in the multifamily sector. It shows a bullishness in rentals and a mentality that the commercial market may be bottoming out
Blackstone president: Now it's time for real estate investors to pounce
Jon Gray described the current market as a 'bottoming period' that should inspire investors to get moving on new purchases and said those who move fast stand to be rewarded once prices recover
by Ben Verde Mar 18
Blackstone to take Tricon Residential private in $3.5B deal
Tricon is a landlord and developer of single-family rental homes in the United States and Canada with a portfolio of over 38K rentals
by Ben Verde Jan 19
Major real estate players push back against Florida's foreign buyer ban
Lobbying group the Real Estate Roundtable, which represents the interests of investors like Blackstone, is appealing to state legislators to amend Gov. DeSantis' foreign investment ban
by Lillian Dickerson Dec 12
Hotels and Airbnb, Vrbo in heated battle as business travel ramps up
Both hotels and short-term rental companies are vying for customers seeking out extended stays through new offerings as business travel ramps up across the US this fall
by Lillian Dickerson Oct 10
Layoffs hit rent-to-own company Home Partners of America
Layoffs come a week after the shutdown of RealSure, Home Partners' iBuyer joint venture with real estate franchising giant Anywhere, and include Pathlight Property Management
by Matt Carter Jan 19
Zillow, Opendoor and Compass debut on the Fortune 500
The companies all debuted within a few slots of established player Realogy, and highlight both the role of tech in real estate and the rise of bitter rivalries
by Jim Dalrymple II May 23
Blackstone makes major expansion of rental housing portfolio
The private equity firm acquired Preferred Apartment Communities in an all-cash transaction for $25 per share, valued at $5.8 billion
by Ben Verde Feb 17
No, BlackRock isn't buying up all of Zillow's homes
Zillow's ill-fated iBuying venture drew detractors online before the program collapsed. But as the company races to unload 18,000 homes, were they right about where it's headed?
by Daniel Houston Nov 5
Apartments and Suburbs in Austin Texas - aerial drone view at sunrise with lens flare above new developments
Amid a nationwide inventory shortage, suburban condominiums are a way for many first-time buyers to enter the market — if they can afford it
Cash-offer startup Homeward scores $371M in funding
The funding is split between $136M in equity and $235M in debt and will go toward expanding the company's scale
by Jim Dalrymple II May 27
Blackstone CEO predicts increasing demand for urban real estate
Stephen Schwarzman shares lessons he learned from the recession and being the one-time largest owner of single-family real estate in the country
by Patrick Kearns Jan 30
Vulture investors are scooping up defaulted real estate debt in China
Several large firms have invested more than $3B in nonperforming Chinese commercial loans, according to a Wall Street Journal report
by Patrick Kearns Jan 21
Real estate fundraising plunges to lowest level in 6 years
The amount of capital raised by real estate private equity funds shrunk from $35B in Q4 2018 to $18B in 2019
by Marian McPherson Jan 21