Investing

Blackstone CEO, Steve Schwarzman, Bets Big on U.S. Residential Real Estate

Since 2012, Blackstone acquired a whopping 6,500 of the homes that foreclosed in the eight major metropolises of the U.S., spending more than $1 billion in the process. Now as the largest owner of individual houses, rather than buying out or selling them the company will be renting properties.

Trulia Files For $150 Million Follow-On Offering

Trulia, the real estate lister and search engine, announced they will be raising $150 million to offer additional shares previously not released, or follow-on offering, so they can expand business ventures, reported TechCruch.

Miami Attracting Latin American Real Estate Developers

Since Miami's housing market began making a comeback and Venezuelans remain heavily invested in real estate post- Chávez, more and more Latin American developers are flocking to invest in Miami properties, reported Reuters.