Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.
Blackstone (NYSE: BX) has been making some noise in the single-family housing market. Back in the third quarter of 2020, Blackstone announced it was going to lead a $300 million syndicate to invest in Tricon Residential, an owner-operator of over 30,000 single-family and multifamily properties.
That news came only a few months after Blackstone announced it was going to sell its stake in Invitation Homes, the largest owner of single-family rental homes in America, which it started building in 2012.
Now, Blackstone is acquiring Interior Logic Group Holdings, LLC (ILG) for $1.6 billion.
Who is ILG, and what does this mean?
ILG is a home design firm that provides homebuilders with interior finishes, such as countertops, flooring, window coverings, and cabinets. The company also services builders with installation and supply-chain management options. ILG currently operates in 37 states and helps complete around 100,000 homes per year.
It certainly looks like Blackstone is getting back into the single-family game. It also seems as if the firm just unloaded Invitation Homes so it could have some dry powder to get back to what it was doing in 2012.
The Millionacres bottom line
Last year, people thought that the firm may have cashed out and moved on from single-family when it sold Invitation Homes. But this $1.6 billion acquisition of ILG is signaling otherwise. Blackstone was just trimming the fat in preparation for a return to action.
While on one hand, this means that Blackstone believes in the single-family market, on the other, it means investors will be competing for deals.
Unfair Advantages: How Real Estate Became a Billionaire Factory
You probably know that real estate has long been the playground for the rich and well connected, and that according to recently published data it’s also been the best performing investment in modern history. And with a set of unfair advantages that are completely unheard of with other investments, it’s no surprise why.
But those barriers have come crashing down - and now it’s possible to build REAL wealth through real estate at a fraction of what it used to cost, meaning the unfair advantages are now available to individuals like you.
To get started, we’ve assembled a comprehensive guide that outlines everything you need to know about investing in real estate - and have made it available for FREE today. Simply click here to learn more and access your complimentary copy.