Blackstone to buy company that rents out 17,000 homes in $6bn deal

Sign of investor confidence that country's housing market will continue to grow amid rocketing prices

Investment firm Blackstone has struck a $6bn deal to buy a company that rents out over 17,000 single-family homes across the US, a sign of investor confidence that the country's housing market will continue to grow amid rocketing prices and a housing crunch.

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