According to recent reports by The Times, Blackstone Group has poured close to $740 million into California real estate through January. But, writes the Los Angeles Times, with the sharp recovery in home values, finding deals on properties these days is not easy, said Jon Gray, the global head of real estate for the firm.
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The Supreme Court issued a decision on Monday saying the structure of the Consumer Financial Protection Bureau is unconstitutional but stopped short of abolishing the watchdog agency.
As the current U.S. unemployment rate hovers above Great Depression-Era levels, many property owners are having rent delinquency, leasing and management issues. So, what can an investor do during the current economic situation to protect their asset?