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UN accuses Blackstone Group of contributing to global housing crisis

Worlds largest corporate residential landowners called out for their practices of inflating rents and aggressive evictions The UN’s housing advisor has accused private equity firms and one of the world’s largest corporate residential landlords, Blackstone Group, of exploiting tenants,” wreaking havoc” in communities and helping to fuel a global housing crisis. In a stinging critique of the role of private equity in the housing market UN rapporteur Blackstone and its subsidiaries of initiating” aggressive ousters” to protect its rental income streams, shrinking the pool of affordable dwelling in some areas,…

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