Blackstone Allocates $1B To Reduce Single-Family Rents As Scrutiny Over Investor Activity Intensifies

Blackstone Allocates $1B To Reduce Single-Family Rents As Scrutiny Over Investor Activity Intensifies

As rents across the country spike, public scrutiny toward private equity firms’ increasingly large stake in the housing market has intensified. One of the largest Wall Street investors in the single-family rental market on Friday announced plans to buy $1B in single-family rental homes, but this time it says its intent is to ease the housing crisis, not exploit it.

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