Blackstone had every reason to oppose the overhaul of New York state’s rent law in June. The private equity giant and its Canadian partner Ivanhoé Cambridge had poured more than $5 billion into buying and upgrading Stuyvesant Town–Peter Cooper Village — making them the largest owner of rent-stabilized apartments in the city, with 11,000-plus units, since 2015. And at the start of this year, Blackstone was fresh off of what seemed like a big win
source https://therealdeal.com/issues_articles/behind-blackstones-capital-strike/#new_tab
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