We would like to share with you our concern over recent structural developments that the Blackstone Group L.P. (Blackstone) helped to instigate whereby unpreced

We would like to share with you our concern over recent structural developments that the Blackstone Group L.P. (Blackstone) helped to instigate whereby unprecedented amounts of global capital are being invested in housing as security for financial instruments and traded on global markets, which is having devastating consequences for people. As one of the largest real estate private equity firms in the world, with $136 billion of assets undermanagement... That was in 2019 when this report was written. It's now over a trillion. In neighbourhoods heavily invested by private equity firms including Invitation Homes, more than 7,400 families and individuals are evicted every day. In Charlotte, North Carolina, for example, it was found that in 2013 Invitation Homes filed eviction proceedings against 10 percent of its renters. Invitation Homes is part of Blackstone. Blackstone is by no means the only financial actor adopting the business model mentioned above. However, because Blackstone is a leader in implementing the new residential real estate business model and one of the largest global actors in residential real estate... https://www.ohchr.org/sites/default/files/Documents/Issues/Housing/Financialization/OL_OTH_17_2019.pdf https://www.ohchr.org/sites/default/files/Documents/Issues/H...