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Blackstone beats 4Q profit forecasts (access required)

NEW YORK – The Blackstone Group LP on Thursday reported fourth-quarter earnings of $1.26 billion. The company owns Invitation Homes, a real estate investment trust that has bought 1,220 Mecklenburg County homes to hold as rentals since 2012, according to real estate information provider RealtyTrac. The New York-based company said it had profit of 89 cents per ...

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