Have you ever confused BlackRock with Blackstone? Despite their similar
sounding names, these two financial powerhouses represent distinct approaches
to investment management.
Major news organizations and sector researchers describe the claim as
unfounded and often rooted in confusion between BlackRock Inc. and the
private-equity firm Blackstone Inc.
Thanks boss, they were the same company for a while and then got spun off. There is so much confusion that AI even has a hard time keeping them straight if you aren’t careful.
Anyway it doesn’t matter the name for the purpose of my argument. And lol at “unfounded conspiracy theory” it’s only a “conspiracy” that Blackrock is buying homes (crucially, no one is actually suggesting that, except the people who are confused between Blackrock and Blackstone), because Blackstone definitely is buying homes.
This is like developers shifting from building homes targeted at homeowners to building build-to-rent neighborhoods for Blackrock and company xD