Jan 23 in Residential Real Estate
Blackstone Acquires Tricon - 38,000 rental homes
Blackstone has agreed to acquire Tricon, a Toronto-based company owning around 38,000 rental homes in the U.S. and apartment buildings in Toronto, at $11.25 per share in cash.
A joint venture of Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust shows Blackstone's increased involvement in the single-family rental sector.
Blackstone has $1 Trillion dollars under management and manage over 300,000 rental units
What are your thoughts on the single family sector?
Do you keep single family in your portfolio?
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Blackstone Acquires Tricon - 38,000 rental homes
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