“The private-equity firm is now planning to sell bonds backed by lease payments, the latest step in turning a small business into a mature industry. Blackstone has led hedge funds, private-equity firms and real estate investment trusts raising about $20 billion to purchase as many as 200,000 homes to rent after prices plunged 35 percent from the 2006 peak. The largest investors, seeking to profit from rebounding prices and rising demand for rentals among millions of Americans who went through foreclosure or can’t qualify for a mortgage, are looking to the bond market for capital to buy more properties and increase returns with borrowed money.”
Related posts:
Hungary receives 422,000 applications under new citizenship-by-descent program
Belgium opens beer temple in former stock market building
JPMorgan warns 465,000 card users on data loss after cyber attack
Russia said to plan to deliver Snowden for execution in exchange for lifting sanctions
Israeli PM aims to deport tens of thousands of Africans
Rent or buy a home? This map has the answer
Kim Dotcom poised for return with Megaupload successor
Defense Industry Leans On Congress — Avoid Cuts, Even If It Means More Taxes
Duterte tells Philippine soldiers to shoot female rebels in their vaginas
Why We Should Scam the Scammers
Cyber thieves steal $45 million from debit card companies in a matter of hours
Obama promises he won’t ‘scramble jets’ to get Snowden
ICE officers storm farm without a warrant, handcuff farmer for filming
Bernanke: Fed will be ‘forceful’ in supporting recovery
Researchers bypass protections in Microsoft anti-exploitation tool