blackstone hedge fund activity in cook county

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Blackstone Group Report Property Acquisitions Cook County 11/14/12 – 10/31/13

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The CivicLab is looking into the New Market Tax Credit Program and the activities of hedge funds in the Chicago area that are up to no good. If you want to help - [email protected]

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Page 1: Blackstone Hedge Fund Activity In Cook County

Blackstone Group Report

Property AcquisitionsCook County

11/14/12 – 10/31/13

Page 2: Blackstone Hedge Fund Activity In Cook County

Blackstone Group LP (BX)

• Real Estate Private Equity Firm • $60 Billion Dollars Of Assets • Goldman Sachs estimates a $2.8

trillion asset class.

Page 3: Blackstone Hedge Fund Activity In Cook County

BX Target AreasLos Angeles, CA. Ventura, CA. Tampa, FL. Minneapolis, MN

Inland Empire, CA. Las Vegas NV. Orlando, FL. Charlotte, NC.

Sacramento, CA. Seattle, WA. Jacksonville, FL. Atlanta, GA.

Orange County, CA. Phoenix, AZ. Miami, FL. Chicago, IL.

Page 4: Blackstone Hedge Fund Activity In Cook County

BX 927

Page 5: Blackstone Hedge Fund Activity In Cook County

Suburbs / City

709

218

Page 6: Blackstone Hedge Fund Activity In Cook County

BX927

IH2588

THR PROP339

Page 7: Blackstone Hedge Fund Activity In Cook County

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

8% 21% 34% 37%

19479

345

316• 110 Homes Per Month

• May – October 2013

Page 8: Blackstone Hedge Fund Activity In Cook County

Judicial Sales Investors Banks Fannie Mae Freddie Mac Homeowners

152 116 67 39 20 533 16%  13% 7%  4% 2% 58%

Page 9: Blackstone Hedge Fund Activity In Cook County

Top 5 Property AreasAREA 3 AREA 12 AREA 13 AREA 19 AREA 24

57 70 140 53 110

Page 10: Blackstone Hedge Fund Activity In Cook County

Area Municipalities 

Arlington Heights

Elmwood Park

City Of Chicago NW

City Of Chicago SW

Oak Lawn

31 28

138

3263

Page 11: Blackstone Hedge Fund Activity In Cook County

Judicial Sales Investors Banks Fannie Mae Freddie Mac Homeowners

41 30 3 3 5 58 29%  21% 2%  2% 4% 42%

Page 12: Blackstone Hedge Fund Activity In Cook County

END GAME?

• Create an IPO?• R.E.I.T (Equity REIT)?• Sell Homes to another investor?• Sell to tenants?• Lease Backed Securities?

Page 13: Blackstone Hedge Fund Activity In Cook County

How You Can Support

• Donate gofundme.com/helpfightillegalevictions

• Alternative Housing Initiatives• Expenses (court cost)• Research, Articles & Reports