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The Real Deal Los Angeles

Fund managers’ biggest adversary: time

As market shift looms "closed-end" funds could face new pressure

September 07, 2016 08:30AM
By Konrad Putzier

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The London office complex Chiswick Park, which was sold at a discount by a closed fund during the last downturn.

The London office complex Chiswick Park, which was sold at a discount by a closed fund during the last downturn.

From the New York September issue: When news broke earlier this summer that the Blackstone Group was planning to take its rental-home company, Invitation Homes, public by the first half of 2017, it came as little surprise.

The private equity giant bought up 50,000 rental homes nationwide in the aftermath of the most recent financial crisis, with the intention of flipping them for a profit — either by selling them individually, unloading them in bulk or taking the portfolio public. [more]

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