Bloomberg – Blackstone Group LP (BX), the largest U.S. landlord of single-family homes, is working with Deutsche Bank AG to sell $1 billion of securities tied to its properties, about twice the size of previous offerings, according to a person with knowledge of the plans.
Deutsche Bank may start marketing the debt to investors within a month, said the person, who asked not to be identified because the transaction is private. The offering would be the fourth of rental-home bonds, following American Homes 4 Rent’s $482.7 million bond deal this month, Colony American Homes Inc.’s sale of $513.6 million of the debt in April and Blackstone’s $479 million issue in October.
