Thanks For The Cheap Money, Fed! America’s Largest Landlord Just Got Even Bigger: Blackstone Buys 12,000 Sunbelt Apartments For $5.8 Billion

On Wednesday, Blackstone cemented its position as America’s largest residential and commercial landlord by buying apartment owner Preferred Apartment Communities in a deal valued at $5.8 billion, demonstrating the unstoppable investor demand for multifamily – i.e., rental – properties in Sunbelt states.