Blackstone-Hired Bidders Score Georgia Foreclosures

Blackstone-Hired Bidders Score Georgia Foreclosures Play

Dec. 20 (Bloomberg) -- A foreclosure auction is held on the steps of the Gwinnett County courthouse, northeast of Atlanta. A team from AZ Bidder LLC, hired by Blackstone Group LP to bid on properties, gathers under a white tent as the auctioneers call for offers on multiple homes. In less than two years, Blackstone has bought 41,000 homes, most out of foreclosure, in 14 U.S. cities to become the largest single-family landlord in the country. (Source: Bloomberg)

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