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Blackstone unit selling 1,300 Atlanta houses amid shift in strategy

The transaction would be the biggest bulk sale for the 3-year-old company


BLACKSTONE Group's Invitation Homes, after spending more than US$9 billion in a US property-buying spree, is starting to sell some houses as it shifts focus from rapid expansion to fine-tuning its holdings.

The housing landlord has agreed to sell about 1,300 Atlanta-area...