Fortune: Blackstone Acquisition of Tricon

Fortune cited Parcl Labs data in discussing Blackstone's recent acquisition of Tricon Residential for $3.5 billion, a move that signals a revival in the institutional homebuying market amidst a broader housing downturn in 2023. This acquisition positions Blackstone prominently among top institutional homebuyers, closely following industry leaders Progress Residential and Invitation Homes. Parcl Labs highlights that a significant portion of Tricon's portfolio is in Atlanta, with additional holdings in Charlotte, Tampa, Dallas, Phoenix, and Houston, underscoring the strategic value of these markets.

Read full analysis in Fortune