It’s a good time to be a corporate landlord, if Blackstone’s earnings are any indication.
The investment management firm reported record earnings last week, driven largely by the performance of its real estate holdings, which include a large number of single-family homes in suburbs where rents have been steeply increasing.

Wall Street investors’ role in the housing market started expanding more than a decade ago, with speculators scooping up distressed properties during the housing crisis — and it’s still going strong today.