Blackstone's Home Partners Of America Buy Combats Inflation

by businessinsider.com posted 1month ago 10 views
Summary List PlacementIt's been quite the month for Blackstone. The private-equity behemoth is part of a consortium of investors that bought Medline for about $34 billion, its share price ticked over $100 for the first time, and it's doubling down on residential real estate with a $6 billion Home Partners of America buy. It's a bet on scorching demand for housing continuing, and also a defensive move as inflation worries start to seep into investors' minds.

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