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In December 2017, the New York Times looked at the role private equity firm The Blackstone Group’s mortgage firm Finance of America is playing in the growing foreclosure crisis in Puerto Rico (The Next Crisis for Puerto Rico: A…

New Jersey State Senate President Pro Tempore M.Teresa Ruiz earlier today introduced a bill (S1914) to prohibit state investments in companies that target victims of Hurricane Maria in Puerto Rico, by pursuing foreclosures – either directly or indirectly – during…

In December 2017 and January 2018, community groups and Puerto Rican diaspora groups concerned about TPG Capital’s and The Blackstone Group’s foreclosures in Puerto Rico held protests at TPG’s and Blackstone’s offices. The groups called on Blackstone and TPG…

The Financial Times’ private equity-focused publication FundFire yesterday had a long article (“Blackstone, TPG Face New Pressure on Puerto Rico Loans” (Paywall)) on efforts by community groups and Puerto Rican diaspora groups to get private equity firms TPG Capital…

Recently, private equity firms Blackstone Group and TPG Capital drew media attention for foreclosing on homeowners in hurricane-ravaged Puerto Rico. From the New York Times, Dec 16, 2017, “The Next Crisis for Puerto Rico: A Crush of Foreclosures”: “Blackstone…

Last week, community and Puerto Rican diaspora groups sent a letter to New York State Comptroller Thomas DiNapoli asking him to hold off on further investments with private equity firms TPG Capital and Blackstone Group until they halt foreclosures in…

Earlier this week Julio López Varona, the lead signer on recent letters to Blackstone and TPG Capital calling on them to halt foreclosures in Puerto Rico and provide a path for families to stay in their homes, wrote…

Private equity and real estate firm The Blackstone Group owns Invitation Homes, which late last year became the largest single-family rental landlord in the country when it merged with Starwood Waypoint Homes. The combined company owns over 82,000 homes…