Items Tagged with 'Blackstone'

ARTICLES

  • Blackstone shuffles leadership, names Jon Gray president and COO

    President Tony James moves to executive vice chairman role
    Blackstone announced Tuesday that President and Chief Operating Officer Tony James will be handing over daily management of the firm to Jon Gray, global head of real estate. Taking over Gray's old job is Ken Caplan and Kathleen McCarthy, who will serve as global co-heads of the firm's real estate business.
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  • Blackstone’s Incenter completes acquisition of Agents National Title Insurance Company

    Continues Incenter’s recent string of acquisitions
    Over the last few years, Incenter, a Blackstone Group portfolio company, expanded its business offerings through a series of deals, including expanding into title and settlement services by acquiring Boston National. But the Boston National deal wasn’t Incenter’s only move into title and settlement services.
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  • Blackstone’s Incenter expands title services operation with new acquisition

    Announces plans to acquire Agents National Title Insurance Company
    In the last few years, Incenter grew its business by launching a mortgage-focused broker-dealer called Incenter Securities Group, investing in cloudvirga, a provider of mortgage process automation, and expanding into title and settlement services with the acquisition of Boston National. Now, Incenter, a Blackstone Group portfolio company, is expanding its burgeoning title insurance business with a new acquisition.
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  • SFR investors move into suburbia and not everyone is pleased

    Wall Street backing means buyers with bigger pockets
    A new breed of homeowners arrived in this middle-class suburb of Nashville and in many other communities around the country: big investment firms in the business of offering single-family homes for rent. Their appearance has shaken up sales and rental markets and, in some neighborhoods, sparked rent increases.
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  • Stearns Lending CEO Brian Hale steps down

    David Schneider, former president of Ditech Financial, takes over
    Over the last the last few years, Stearns Lending saw its mortgage origination volume grow from $5.7 billion in 2011 to $26 billion last year. Overseeing that growth was CEO Brian Hale, who joined the company in 2012. But Monday, May 15, 2017 was Hale’s last day as Stearns Lending’s CEO.
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  • cloudvirga raises $15 million; funding led by Blackstone’s Incenter

    Mortgage automation provider plans to use funds to expand
    Over the last year, Incenter increased its reach by launching a mortgage-focused broker-dealer called Incenter Securities Group and expanding into title and settlement services with the acquisition of Boston National, a provider of title and settlement services. Now, Incenter, a Blackstone Group portfolio company, is expanding its reach again by investing in cloudvirga, a provider of mortgage process automation.
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  • Finance of America expands, brings B2R Finance, Jordan Capital Finance into fold

    Launches new division focused on lending to real estate investors
    Finance of America, a Blackstone Group portfolio company, made quite a splash in recent years as the nonbank revealed a serious growth plan with a series of acquisitions. Now, details of Finance of America’s latest expansion are being revealed, as the company announced that it is launching a new division that will focus on lending to real estate investors, bringing two well-known companies into the fold.
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  • Invitation Homes goes public, raises $1.54 billion

    Stock for single-family rental operator up in early trading
    After months of rumors, Invitation Homes, Blackstone Group’s single-family rental operator, finally went public on Tuesday, raising more than $1.5 billion in its initial public offering. And in early trading, the stock traded above the IPO price of $20, checking in at $20.26 as of 10:58 a.m. Eastern.
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  • Blackstone's Invitation Homes prepares $1.5 billion IPO

    Will sell 77 million shares in single-family rental operator
    The initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, is one step closer to reality, as the company disclosed the terms of its initial public offering on Monday. Per a filing with the Securities and Exchange Commission, Invitation Homes will offer 77 million shares in its IPO, with an estimated share price of between $18 and $21 per share.
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