Reported about 10 hours ago
Blackstone, the largest alternative asset manager, has become the biggest landlord in the world with a $320 billion real estate portfolio, influencing the US rental market significantly. The firm has been rapidly acquiring rental properties, including apartment complexes and single-family homes, which it turns into investment properties, partly in response to a growing housing affordability crisis. As it dominates the rental sector, concerns arise regarding higher rents, hidden fees, and inadequate maintenance, prompting some lawmakers to propose measures to limit private equity's role in housing.
Source: YAHOO