I think that’s BlackRock, not Blackstone.
Blackstone does a lot of commercial real estate, which is not a good business right now.
They could sell their properties to NYC to house “migrants”.
“I think that’s BlackRock, not Blackstone.”
It’s BlackStone gobbling up single family homes and turning America into The Land of the Permanent Renters.
BlackRock operates in the equity business. Stocks etc.
BlackStone is the older company with BlackRock having once been part of ‘Stone.
You can read some background on the two connected companies here:
https://www.cnbc.com/2017/06/22/blackstone-or-blackrock-schwarzman-and-fink-did-it-on-purpose.html