Blackstone Group leads minority investment in Tricon Residential

• It also reflects how single-family rent collections have outperformed apartment rent collections during the pandemic.

The bottom line: "Single-family rentals have been around for decades, but Wall Street viewed scattered-site portfolios as difficult to manage. That changed following the U.S. foreclosure crisis, when firms like Blackstone began assembling massive holdings and developing new property-management systems," writes Bloomberg.