Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Blackstone Group Leaves Single-Family Rental Business Subscribe Previous: Update on Executive Hires and Partnerships Next: $100B Housing Bill Proposed to Address “Housing Affordability Crisis” in Daily Dose, Featured, Investment, News Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Blackstone Rental The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Home / Daily Dose / Blackstone Group Leaves Single-Family Rental Business Blackstone Rental 2019-11-21 Seth Welborn Share Save Demand Propels Home Prices Upward 2 days ago November 21, 2019 5,005 Views Related Articles The Best Markets For Residential Property Investors 2 days ago The Blackstone Group Inc. has sold the last of its shares in Invitation Homes, the company’s rental business. Blackstone sold around 11% of Invitation Homes’ shares for about $1.7 billion, made about $7 billion since the home rental business went public in 2017, according to the Wall Street Journal.Invitation Homes says that certain selling stockholders affiliated with Blackstone have started a secondary offering of 57.6 million shares of Invitation Homes common stock. Upon completing the offering and Blackstone’s related distribution of its remaining 300,452 shares in Invitation Homes to its partners, Blackstone will no longer beneficially own shares in Invitation Homes, according to Seeking Alpha.“We created a company from scratch. It was created on a yellow pad. It was an idea. Now it’s a real business,” Jonathan Gray, Blackstone’s President, told the Wall Street Journal.Blackstone created the Invitations Homes unit in 2012 in response to the housing crisis in order to capitalize on the growing demand for rental properties coming largely from people who lost homes to foreclosure in the crisis and were unable to obtain mortgage credit to buy another home. Through Invitation Homes, Blackstone became one of the biggest landlords in the U.S.When Invitation Homes officially went public in 2017, it oversaw approximately 50,000 housing units, the largest pool of rental homes across 14 of the nation’s metropolitan markets. Blackstone stated on its website that the platform creates jobs and provides high quality, affordable housing for families nationwide.In July 2016, Blackstone first announced the intention to go public with Invitation Homes at some point in the first half of 2017 in order to capitalize “on a rally in U.S. single-family rental landlords to list the biggest company in the industry.”In December 2016, Reuters and the Wall Street Journal reported that Blackstone had “filed confidentially for an initial public offering” with regard to Invitation Homes. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago
EC volleyball traveled to FC tonight and walked out with straight sets win at all three levels.Varsity won with the scores of 25-13, 25-9, 25-13.EC vs FC VB (10-7)We played flat tonight and lacked intensity. These last couple weeks are preparation for sectionals. We have to treat every team like we are playing for a championship. We improved throughout the match, but as we face some bigger schools and strong competition, we cannot start so flat.Varsity is now 23-6 on the season.Next up: ECVB travels to Connersville on Thursday for another EIAC match-up starting at 5.Courtesy of Trojans Coach Cassie Laker.
Sherwood made it four wins from a possible five in the Barclays Premier League on Saturday when his Tottenham team beat Crystal Palace 2-0 at White Hart Lane. Christian Eriksen put Spurs ahead, but it was Toronto-bound Defoe who ultimately settled the match, firing home from inside the Palace box 15 minutes after his introduction as a second-half substitute. Dembele admits Spurs need to up their game in the coming weeks against better opposition if they are to maintain their push for Champions League qualification. The Belgian said: “Against other teams we would have lost the game. “It’s difficult to know why we started so slow. We were not good in the first half. “We played sloppy balls. We weren’t concentrated. In the dressing room the gaffer told us (at half-time) we needed to concentrate more and work harder and I think we did.” Still, with Spurs having dropped just two points from their five league games under Sherwood, Dembele thinks Tottenham are looking good in their quest for Champions League football. This week has been the first time that Sherwood has had five days to get his ideas across to his players because of the hectic nature of the festive period. Dembele has been impressed with the 44-year-old, whose only previous experience in management came with Tottenham’s development squad. “He gives us a lot of confidence,” Dembele said of Sherwood. “Everyone likes this. “We didn’t have a lot of time to train too much together because of the amount of games but you can see already that our style is good. “He tells us to attack more but not with too much risk. “But we still need to do better first half and if we do that then we can do some great things in the second half of the season.” While Tottenham’s win kept them in touch with the hunt for a top-four place, Palace slumped to the foot of the Barclays Premier League table. Results and performances have improved under Tony Pulis, though, so Yannick Bolasie is confident the south London club will avoid the drop. “We have been at the bottom of the table before and the boys are not discouraged,” the winger said. “Our next game is at home against Stoke – the gaffer’s former team – so I am sure he will be fired up for it and the boys will be as well.” Bolasie also backed Puncheon to get over his terrible penalty miss. “Jason is all right,” Bolasie added. “He doesn’t really get down. I think he will be quickly back to himself again.” Mousa Dembele admits Tottenham will miss Jermain Defoe when he leaves, but the midfielder is confident that the north London club are set for a strong finish under Tim Sherwood. Spurs confirmed on Friday that Defoe will leave White Hart Lane for Toronto FC at the end of February. The 31-year-old, for whom Toronto will pay over £8million, has been a peripheral figure at Tottenham this season, but Dembele is still not looking forward to seeing the player depart. “For us he’s very important. I think everyone knows his quality and of course we will miss him, for sure,” the midfielder said. “It was nice for him to score, though. We are happy for him.” Spurs looked unlikely to claim what turned out to be their fifth home win of the campaign after a poor showing in the first half. Palace should have gone ahead in the eighth minute when Dembele clattered into Marouane Chamakh inside the Spurs box. Referee Michael Oliver pointed to the spot, but Jason Puncheon failed miserably from 12 yards, blasting his effort high and wide of Hugo Lloris’ goal. Palace continued to dominate for the remainder of the first half, and they were unlucky to come away from the game with nothing. Press Association