Property News · January 8, 2018

Private equity giant Blackstone’s UK social housing deal sparks fears for low-income tenants


Private equity giant Blackstone has struck a deal with UK social housing association Sage, sparking fears from campaigners that it will price out low-earning, elderly and sick tenants.
New York-based Blackstone, which owns the largest home rental company in the United States, will fund for-profit housing association Sage to buy affordable homes from private developers, property magazine Estates Gazette said.
“[Blackstone and Sage’s] purely profit motive is contrary to the…

Source : South China Morning Post
Read more…Private equity giant Blackstone’s UK social housing deal sparks fears for low-income tenants

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