Tag Archives: blackstone

Democrats reintroduce bill to expose rental algorithms

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Minnesota Senator Amy Klobuchar has reintroduced the Preventing Algorithmic Collusion Act, inspired by the Department of Justice’s RealPage investigation. Continue reading →

DOJ adds major landlords to antitrust lawsuit against RealPage

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Greystar Real Estate Partners, Blackstone’s LivCor and Cushman & Wakefield are among the institutional landlords accused of fixing rental prices — to the detriment of “millions” of renters. Continue reading →

Apartment stocks surge following $10B Blackstone bet

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The Bloomberg REIT Index recorded its largest single-day gain since December on Monday. The largest gains, unsurprisingly, were recorded by AIR Communities, also known as Apartment Income REIT. Continue reading →

Blackstone ramps up activity with $10B multifamily acquisition

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The acquisition of AIR Communities marks Blackstone’s largest in the multifamily sector and shows a bullishness in rental housing, as well as a mentality that the commercial market may be bottoming out. Continue reading →

Blackstone president: Now it’s time for real estate investors to pounce

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Jon Gray described the current market as a “bottoming period” that should inspire investors to get moving on new purchases and said investors who move fast stand to be rewarded once prices recover. Continue reading →

Major real estate players push back against Florida’s foreign buyer ban

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Lobbying group the Real Estate Roundtable, which represents the interests of investors like Citigroup Inc., Blackstone, Related, Starwood and Wells Fargo & Co., is appealing to state legislators to amend Governor DeSantis’ new, restrictive foreign… Continue reading →

Hotels and Airbnb, Vrbo in heated battle as business travel ramps up

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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 U.S. this fall. Continue reading →

Layoffs hit rent-to-own company Home Partners of America

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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. Continue reading →

Zillow, Opendoor and Compass debut on the Fortune 500

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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. Continue reading →