Items Tagged with 'Blackstone'


Blackstone CEO, leader of Trump's advisory board expects "substantial" reduction in regulations

Steve Schwarzman said changes could be most significant in 45 years
Steve Schwarzman, the chairman and CEO of Blackstone Group, expects to see a “substantial” reduction in government regulations during the term of President-elect Donald Trump. And Schwarzman will be well positioned to help contribute to that regulatory rollback, as he was recently named the leader of Trump’s Strategic and Policy Forum, a group of 16 CEOs who are expected to advise the president-elect on economic issues.
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Donald Trump names JPMorgan, Blackstone CEOs to advisory board

Forum comprised of 16 CEOs
President-elect Donald Trump’s latest selection of leaders involves a new idea: the President’s Strategic and Policy Forum. The group is comprised of 16 CEOs, which includes Stephen Schwarzman, chairman, CEO, and co-founder of Blackstone, and Jamie Dimon, chairman and CEO of JPMorgan Chase.
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Blackstone reportedly files to take Invitation Homes public

WSJ reports IPO could raise $1.5 billion
Blackstone Group is apparently moving forward in its plans to take its single-family rental unit, Invitation Homes, public in 2017. The Wall Street Journal is reporting that Blackstone is taking the next step in the process, reportedly filing confidentially for an IPO that could come “as soon as January.”
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M&A rumor mill: Who will Finance of America and RPM buy next?

RPM Mortgage denies acquisition chatter
Rumors are circulating that several major lenders may soon make major acquisitions. RPM Mortgage, however, says there is no truth to the chatter. Sources say one lender could announce these acquisitions as soon as September, but until then, here’s what industry insiders are saying.
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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.
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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.
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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.
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