Blackstone’s single-family landlord to halt homebuying in 38 cities
Blackstone’s single-family landlord to halt homebuying in 38 cities
By Patrick Clark and Dawn Lim | Bloomberg
Home Partners of America, the single-family landlord owned by Blackstone Inc., will stop buying homes in 38 US cities, becoming the latest institutional investor to back away from an overheated housing market.
The company, acquired by Blackstone in June 2021 for $6 billion, told customers that as of Sept. 1, it is pausing applications and property…