Blackstone's $10 Billion Bet on Property Prices Going Up
Blackstone(BX) MarketBeat·2024-04-11 19:30
Key PointsHigh home prices and mortgage rates make it difficult for first-time homebuyers.Blackstone just made a $10 billion acquisition of American Income, a residential REIT - a bet that could mean property prices are on the rise again. One other REIT, Equity Lifestyle Properties, fits the characteristics of the next potential double-digit rally, and markets are willing to pay for it. 5 stocks we like better than Apartment Income REITThe United States housing market has struggled the past 12 months, as th ...