Blackstone Makes First Bet On Manufactured Housing | National Real Estate Investor

by nreionline.com posted 2years ago 63 views
Evercore ISI analysts said in a note this month that they expect manufactured housing fundamentals to remain strong. : (Bloomberg)—Blackstone Group LP has made its first bet on manufactured housing by buying a portfolio of communities sold by Tricon Capital Group Inc., according to people with knowledge of the matter. Tricon said this month it completed the sale of 14 manufactured housing communities for about $172 million to an institutional asset manager, without identifying the purchaser. A Blackstone representative declined to comment and a Tricon representative didn’t respond to requests for comment.

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