Blackstone Inc. is betting some of the money from a record-breaking fund on rental housing, a corner of the real estate market it knows well.
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Private Equity Hours (60-70 Hour Work Weeks)The Private Equity IllusionPrivate Equity vs. Investment BankingThe company’s $3.5 billion deal to buy Tricon Residential Inc., a Toronto-based landlord, will plunge the asset manager deeper into a single-family rental industry it helped create more than a decade ago. The transaction signals that the undersupplied housing market remains an attractive target for investors as dealmaking picks up.
