Blackstone is stepping up evictions of hundreds of tenants across the US as a top exec vows 'cash-flow growth'

Quick Summary:

One of the country's biggest landlords, the $975 billion investment firm has primarily increased efforts to evict tenants in Georgia and Florida.

Data from Princeton's Eviction Lab, which monitors 32 cities and nine states, shows that more than 9,300 eviction cases were filed in the first week of January, compared with just over 7,700 cases filed during a week at the end of December.

The Private Equity Stakeholder Project's research found another 104 eviction filings in Clark County, Nevada, home to Las Vegas, as well as 125 cases in Maricopa County, Arizona, where Phoenix is.

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Article Details

Category: EconomyBusiness

Markets: United StatesGeorgia

Topics: Real Estate Investing Blackstone Evictions Private Equity

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-01 @ 20:50:45 (1 months ago)

News Timezone: GMT -5:00

News Source URL: businessinsider.com

Language: English

Article Length: 628 words

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Sentences: 53 lines

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News ID: 5059639

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