Vista Equity scoops up Mindbody in $1.9 bln deal; Radiant, KKR to buy majority of Max Healthcare; Blackstone is largest private rental landlord in NYC
Greetings from Chicago, Hubsters! The City is a happy place after theChicago Bears beat the San Francisco 49ers earlier this week. I didn’t get to see the game since NYC didn’t show it.
I often ask this question the day after Xmas. To get the best deal, is it better to start buying the day after Christmas or should you wait? I began scouring the web last night for items, Hubsters. Tell me your thoughts and where you are shopping at email@example.com
Real estate is a big topic this morning. Blackstone is the largest private rental landlord in NYC, according to the Real Deal. Blackstone owns 14,120 units across 79 buildings, the story said. Blackstone’s buy of Stuyvesant Town for $5.3 billion in 2015 helped vault it to the top of landlords, the Real Deal said. Stuyvesant, which includes Peter Cooper Village, is home to 11,244 rental unites across more than 50 separate buildings.
The Washington Post has a story this morning on what happened when a private equity firm became Memphis’s biggest homeowner. Cerberus Capital Management, in just three years, has become the largest owner of single-family homes in that Mississippi River town, with nearly 1,800 houses rented out to thousands of residents, WaPo said. Cerberus owns First Key Homes, which this year filed to evict tenants at twice the rate of other rental home property managers in the Memphis area and has threatened renters with removal at the highest rate among the area’s large home managers, the story said. First Key went to court more than 400 times in 2018, the Washington Post said.
Deals: Radiant Life Care and KKR have agreed to acquire a majority stake in Max Healthcare from Max India. Financial terms weren’t announced. See our brief here.
Vista Equity Partners is buying Mindbody Inc, maker of software to help run fitness and yoga studios, for $1.9 billion. Read the Reuters story here.
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