Moving out: Blackstone sells remaining stake in Invitation Homes

The Blackstone Group sold its last piece of Invitation Homes. The private equity giant sold nearly 11 percent of Invitation Homes’ shares for about $1.7 billion. In all, Blackstone made about $7 billion since the home rental business went public in 2017, according to the Wall Street Journal. Blackstone founded Invitation Homes after the financial crisis, scooping up suburban homes at the bottom of the market to rent to people who could no longer afford

source https://therealdeal.com/2019/11/21/moving-out-blackstone-sells-remaining-stake-in-invitation-homes/