Blackstone enters deal to buy Home Partners of America for $6 billion

 Blackstone enters deal to buy Home Partners of America for $6 billion

Blackstone Real Estate Income Trust has entered into an agreement to acquire Home Partners of America (HPA). The deal values HPA, which owns a portfolio of over 17,000 single-family homes that are offered to tenants to rent and eventually purchase, at $6 billion

EXISTING-HOME SALES FALL FOR FOURTH STRAIGHT MONTH

“The fundamental premise of the HPA platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it,” Blackstone Real Estate Senior Managing Director Jacob Werner said in a statement. “We intend to build on that goal and expand access to homes across the U.S. We look forward to working with HPA’s leadership team to further invest in the properties and continue its role as a valuable resource for people considering home…

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