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America's Largest Landlord To Make $550 Million Bet On TRAILER PARKS!

 
Don Draper from Nantucket
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09/15/2020 11:54 PM

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America's Largest Landlord To Make $550 Million Bet On TRAILER PARKS!
[link to www.zerohedge.com (secure)]


A decade ago, Blackstone Group Inc. became America's largest landlord, purchasing tens of thousands of single-family homes during the foreclosure crisis. Now the private equity firm has spotted the next big opportunity as the virus-induced recession crushes the working poor, that is, betting on mobile-home parks.

The alternative asset manager has made a drastic shift in investment focus in the last 12 months. This time last year, Blackstone was bidding on a portfolio of luxury hotels - now they're in talks to purchase up to 40 mobile-home parks from Summit Communities for $550 million, according to Bloomberg, who spoke with several people with direct knowledge.
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Don Draper from Nantucket  (OP)

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09/15/2020 11:57 PM

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Re: America's Largest Landlord To Make $550 Million Bet On TRAILER PARKS!
Alright! The big smart money is betting on America going tits up Broke in the near future! Ain't life grand?
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The Rolling Stones said it best...

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Anonymous Coward
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09/16/2020 12:02 AM
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Re: America's Largest Landlord To Make $550 Million Bet On TRAILER PARKS!
Looks like they’re anticipating a real estate meltdown resulting in mass foreclosures again. They figure people with poor credit scores will turn to mobile home parks and rental demand will rise as housing prices collapse.

.
Anonymous Coward
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09/16/2020 12:03 AM
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Re: America's Largest Landlord To Make $550 Million Bet On TRAILER PARKS!
That is just great news, huh? Trying to look on the bright side, we just bought an RV, so maybe we will fit right in if the bottom falls out. Wonder how all of this is going to end? Shall be interesting.

Thanks OP! Great find!

clappa
Don Draper from Nantucket  (OP)

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09/16/2020 03:16 AM

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Re: America's Largest Landlord To Make $550 Million Bet On TRAILER PARKS!
That is just great news, huh? Trying to look on the bright side, we just bought an RV, so maybe we will fit right in if the bottom falls out. Wonder how all of this is going to end? Shall be interesting.

Thanks OP! Great find!

clappa
 Quoting: PossumZero


Yep best of luck! Were gonna need it I thinkhf
PLATA BITCHEZZZZZZ

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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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09/16/2020 03:19 AM
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Re: America's Largest Landlord To Make $550 Million Bet On TRAILER PARKS!
I keep getting some Chinese guy that wants to buy my house and land and when I say no he gets fucking pissed off.
Don Draper from Nantucket  (OP)

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09/16/2020 03:21 AM

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Re: America's Largest Landlord To Make $550 Million Bet On TRAILER PARKS!
I keep getting some Chinese guy that wants to buy my house and land and when I say no he gets fucking pissed off.
 Quoting: Anonymous Coward 73839315


Well you know what they say about making a chinaman angry!
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