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Blackstone, Fresh Off Billions in Affordable Housing Purchases, Forms New Management Firm

JPMorgan Executive Named CEO of April Housing Which Will Oversee 90,000 Rental Units Across the US
Blackstone Group spent $7 billion on affordable housing in December including the purchase of Marbrisa Apartments in Miami Gardens, Florida. (CoStar)
Blackstone Group spent $7 billion on affordable housing in December including the purchase of Marbrisa Apartments in Miami Gardens, Florida. (CoStar)
CoStar News
February 24, 2022 | 4:52 P.M.

After $7.1 billion in acquisitions of affordable housing in December, private equity giant Blackstone Group’s real estate arm this week launched a new company, April Housing, to manage and grow the portfolio.

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