Blackstone makes further push into US suburban housing with $6-bn deal

The firm agreed to buy single-family rental company Home Partners of America Inc

Blackstone Group Inc. agreed to buy single-family rental company Home Partners of America Inc. for $6 billion, betting the demand for suburban housing will stay hot even as the pandemic eases.

Home Partners, which is being acquired by Blackstone Real Estate Income Trust Inc., owns more than 17,000 homes across the U.S., according to a statement on Tuesday. The company gives tenants the option of buying their rental, making it unique among its peers.
 

Single-family rentals have been a favorite bet over the past year, as real estate investors seek new places to invest during a pandemic that kept