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Blackstone slows home buying as prices surge

Its acquisition of houses to rent has fallen 70% from its peak last year
Tuesday, March 18, 2014 - 06:00

[LOS ANGELES] Blackstone Group is slowing its purchases of houses to rent amid soaring prices after a buying binge made it the biggest US single-family home landlord. Blackstone's acquisition pace has declined 70 per cent from its peak last year, when the private equity firm was spending more

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