Tom York on Business: Blackrock-Owned Landlord Settles Lawsuit Over City Permit Violations ...Middle East

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A home for rent in Carlsbad in 2021. REUTERS/Mike Blake For the past several years, notorious New York-based private equity giant Blackrock has been accused of snapping up scarce homes in San Diego when they come up for sale. This activity had the effect of shrinking the supply of homes for individual buyers and driving up prices beyond the reach of many would-be families. Blackrock was roiling the local real estate market, critics said. Dallas-based publicly traded corporate landlord Invitation Homes, 80% owned by Blackrock, issued a news release this week saying that it had settled a lawsuit filed by La Jolla start-up investor Neil Senturia on behalf of seven cities in the reg

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