RE Rumor Mill: Blackstone, Carlyle, Pace

Law360, New York (March 14, 2014, 4:31 PM EDT) -- The Blackstone Group LP, which garnered much attention for its recent foray into the single family rental business, has reportedly slowed its purchases in that asset class by about 70 percent since last year. The private equity giant was spending more than $100 million per week on properties at its peak, Blackstone's global head of real estate, Jonathan Gray, told Bloomberg. Blackstone invested about $8 billion to buy 43,000 homes in 14 cities over the last year and a half, but has now directed its focus...
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