Blackstone's headquarters in Midtown Manhattan
NEW YORK CITY–Blackstone Group has entered the manufactured housing sector, according to a report in Bloomberg.
The private equity giant is, according to the publication, the buyer of a 14-park manufactured housing portfolio that Tricon Capital Group announced it had sold earlier this month for $172 million. It identified the buyer as an institutional asset manager but according to unnamed sources speaking to Bloomberg, Blackstone is the purchaser.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
