Reuters

Blackstone to buy Home Partners of America in $6 billion deal

Home Partners owns more than 17,000 houses in the United States that it rents out to tenants who are given an option to buy them eventually. “The fundamental premise of the Home Partners platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it,” Jacob Werner, Blackstone real estate senior managing director, said in a statement. Goldman Sachs and Co LLC was financial adviser to Home Partners, while Sidley Austin LLP and Fried, Frank, Harris, Shriver & Jacobson LLP acted as its legal counsel.

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