Items Tagged with 'Blackstone'

ARTICLES

Blackstone now rules America’s real estate

Steve Schwarzman is America's landlord
Blackstone is now nearly four times the size of when it originally filed its IPO in 2007. Most notably, an article in Business Insider said that the company has expanded its real estate division from a $17.7 billion business when the company went public to one that today manages nearly $100 billion worth of property.
Read More

Blackstone 3Q earnings miss analyst expectations

Posts economic net income of negative $416 million
Blackstone posted a third-quarter economic net income of negative $416 million, or $0.35/unit. This missed analyst estimates by $0.05. The drop was driven by declines in the unrealized value of public holdings, despite strong underlying portfolio fundamentals across the funds.
Read More

EXCLUSIVE: How the Blackstone-Stearns Lending deal came together and what’s next

Details on industry-shifting deal
Almost a month ago, an announcement from Blackstone and Stearns Lending shook up the mortgage lending world. In an exclusive interview with HousingWire, the executives from Blackstone and Stearns Lending share how the deal came together and shed some light on what’s next for Stearns Lending now that it’s part of the Blackstone family.
Read More

Blackstone acquires ‘significant equity stake’ in mortgage insurer PMI Group

Provides PMI Group with loan for right to take part in future equity offerings
Blackstone is increasing its already substantial position in housing again, as funds affiliated with Blackstone Tactical Opportunities are set to acquire a “significant equity stake” in The PMI Group, a provider of mortgage insurance. PMI said that in connection with the purchase of a significant equity stake in PMI, Blackstone will provide PMI with a loan to be used for working capital.
Read More

Blackstone acquires majority stake in Stearns Lending

Blackstone’s mortgage holdings just got much larger
Blackstone, a full-service, private-equity funded investment bank and burgeoning mortgage lending giant based in New York, is set to increase its mortgage business even more, as the company looks to acquire a majority stake in Stearns Holdings, the parent company of Stearns Lending. Click here for more details.
Read More

Mortgage lender Finance of America partners with Mike Ferry

Blackstone affiliate aligns with well-known real estate coach
Finance of America Mortgage, which boasts the backing of The Blackstone Group and recently splashed on the scene with a number of high-profile lender acquisitions, announced an affiliation with well-known real estate coach Mike Ferry and the Mike Ferry Organization.
Read More