The Blackstone Group, a worldwide private equity firm, has spent an estimated $8 billion since 2012 buying up roughly 44,000 homes at rock-bottom prices nationwide, according to DePaul's Institute for Housing Studies, which collects and researches housing data. The homes are marketed under the name Invitation Homes.
The company has bought more than 1,300 homes in Cook County.
(link below)
http://www.dnainfo.com/chicago/20141117/garfield-ridge/wall-street-is-chicagos-new-landlord
Tuesday, November 18, 2014
REAL ESTATE: WALL STREET FIRM BUYING THOUSANDS OF CHICAGO HOMES
The Blackstone Group, a worldwide private equity firm, has spent an estimated $8 billion since 2012 buying up roughly 44,000 homes at rock-bottom prices nationwide, according to DePaul's Institute for Housing Studies, which collects and researches housing data. The homes are marketed under the name Invitation Homes.
The company has bought more than 1,300 homes in Cook County.
(link below)
http://www.dnainfo.com/chicago/20141117/garfield-ridge/wall-street-is-chicagos-new-landlord
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