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We’re betting big on residential real estate: Blackstone CEO

Posted on 12 March 2013

Blackstone Group is betting heavily on residential real estate, Chairman and CEO Stephen Schwarzman said. “Blackstone is now the largest owner of individual houses in the United States,” Schwarzman said, pointing to his company’s $3 billion portfolio of residential real estate.
But given the nascent recovery in the housing market, they’re not buying and selling them quickly but rather renting them out. “It’s a good business for us. It’s a new thing, but it’s also good for America,” he said……………………………………….Full Article: Source


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