Items Tagged with 'Blackstone'

ARTICLES

  • Stearns Lending declares Chapter 11 bankruptcy

    Blackstone to acquire "substantially all of the ownership" of Stearns
    Just nine months ago, Stearns Lending was very much in growth mode, acquiring an equity interest in Citywide Home Loans, rolling out new loan programs and acquiring other new lending channels. But the tide appears to have turned as Stearns is now facing Chapter 11 bankruptcy. Click the headline for the full story.
    Read More
  • Blackstone sells off more than $1 billion in shares of Invitation Homes

    Private equity giant helped build single-family rental empire
    After helping build Invitation Homes into one of the nation’s largest single-family rental operators, Blackstone is now cashing out on part of its investment. Blackstone, which took Invitation Homes public in 2017, sold off more than $1 billion in shares of the company’s stock this week.
    Read More
  • Jason Shapiro joins LOGS Network as chief revenue officer

    Previously served as president of title & abstract and owner of ERA Rising Realty
    LOGS Network, a legal service provider for the residential mortgage and consumer credit industry, recently announced it appointed Jason Shapiro to the position of chief revenue officer. Shapiro will be responsible for managing the national sales, marketing and business development efforts for the company’s law firms, title companies and affiliated entities.
    Read More
  • Real estate listings site Zumper raises $46 million to build instant rental feature

    Plans “Book Now” platform with funding from Axel Springer, Blackstone
    As mellohome CEO Chris Heller recently noted, there’s a race afoot to be the dominant player offering a true one-stop-shop for homebuying. There appears to be a similar sprint happening on the rental side of the business as well. Case in point, rental listings site Zumper is preparing to roll out its own end-to-end platform that will allow renters to instantly rent an apartment or a home through its site.
    Read More
  • Reuters takes aim at Invitation Homes

    Investigative piece alleges abuse by the SFR giant; Invitation Homes denies wrongdoing
    On Friday, Reuters broke news of its investigation into allegations of negligence against single-family rental giant Invitation Homes. The report details complaints of infestation, shoddy appliances, mold, long waits for repairs and “fee stacking,” all of which Invitation Homes denies or says were addressed in a timely fashion. This news broke ahead of Blackstone's, owner of Invitation Homes, purchase of a majority position in Reuters Financial Services division.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More