U.S. investment firm Blackstone on Tuesday announced it had acquired Home Partners of America (HPA), a company that owns and leases more than 17,000 homes in the United States, as real estate prices move to record highs in the United States. country.
HPA, which also offers its tenants to buy the homes when they have the means, is valued at $ 6 billion by this operation, specifies Blackstone in a press release.
The transaction comes in a housing market that has been looking good since the start of the pandemic, with historically low interest rates and the deployment of telecommuting that has pushed Americans to search for larger properties.
Home sales have slowed down a bit in recent months, however, due to the lack of supply and the rise in prices to unprecedented levels: in April, it took an average of $ 435,400 to buy a new home, according to the latest data. available from the Commerce Department.
Blackstone claims to want to develop a “real long-term approach to property management”.
“The core principle of the HPA platform is to provide residents with the option of living in the home of their choice with the option of purchasing it. We intend to pursue this goal and expand access to homes in across the United States, ”said Jacob Werner, head of real estate at Blackstone, in the statement.
The buyout is expected to be finalized in the third quarter.
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