Tag Archives: Blackstone

After joining the nationwide mortgage subservicer earlier this year as CFO, former head of CitiMortgage and WaMu Home Loans David Schneider has been named new company President.

Cenlar places 35-plus year veteran in role to handle all financial planning, treasury activities, taxes, insurance, real estate and property management, and vendor relationships.

The Blackstone Group Inc. has sold the last of its shares in Invitation Homes, the company’s rental business, which it created in 2012 to capitalize on the growing demand for rental properties.

For the first time, a GSE is guaranteeing the debt of an institutional owner of single family homes.

According to a recent reports, Blackstone Group LP’s single-family home rental platform Invitation Homes has “filed confidentially for an initial public offering.”

Bloomberg reports Blackstone Group LP plans to go public with their Invitation Homes unit sometime during the first half of 2017.

Incenter, a Blackstone portfolio company headquartered in Saint Paul, Minnesota, has announced it has signed an agreement to acquire the assets of Interactive Mortgage Advisors, LLC (IMA).

Ten real estate investment trusts (REITs) have gone public this year, and six have outperformed the market, according to SNL Financial. Year-to-date as of October 3, the 10 REITs raised $3.4 billion through their initial public offerings. The group's best performer has been Aviv REIT with an 18.27 percent return year-to-date. Five other REIT IPOs have been announced for later this year, including a Blackstone spinoff and two prominent players in the REO-to-rental space.