Purchase Your Blue Vault Research Subscription
February 6, 2023
Blackstone Starts Crackdown On Nonpaying Residential Tenants, Evicting Hundreds
February 6, 2023
Blackstone Starts Crackdown On Nonpaying Residential Tenants, Evicting Hundreds
January 30, 2023 | Matthew Rothstein | Bisnow
One of the nation’s largest landlords had apparently been playing nicer than many corporate rental owners had with tenants in debt this past year — but no longer.
Blackstone and its subsidiaries began the process of evicting tenants behind on rent at its multifamily and single-family rental properties last year and anticipates ramping up evictions this year, the Financial Times reports.
The private equity giant cited those eviction plans as a factor in predicting rent growth across its portfolio at a time when economic factors may cause downward pressure on rental rates.
Recent News
- Shopoff Sells Del Taco-Anchored Retail Center in Fullerton
- Urban Catalyst Floats Housing Instead Of Offices At Icon/Echo
- ExchangeRight’s Essential Income REIT Acquires $84 Million Portfolio
- ShopOne and its JV Partners Expand Presence in New England, Acquiring Grocery-Anchored North Providence Marketplace Shopping Center in Rhode Island
- Legendary Capital Welcomes Back Chad Whatley as Regional Sales Director
Most Popular
- ADISA Announces Winners of its ACE, Distinguished Service and President’s Awards
- 3 Ways to Improve Your Marketing Execution
- Clip: The Right Investment Manager is Crucial to Success
- Strategic Capital Fund Management Continues Its Expansion with Chief Financial Officer Hire
- Altigo Surpasses $2B in Transactions
