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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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Blackstone Group Report
Property AcquisitionsCook County
11/14/12 – 10/31/13
Blackstone Group LP (BX)
• Real Estate Private Equity Firm • $60 Billion Dollars Of Assets • Goldman Sachs estimates a $2.8
trillion asset class.
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.
BX 927
Suburbs / City
709
218
BX927
IH2588
THR PROP339
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
8% 21% 34% 37%
19479
345
316• 110 Homes Per Month
• May – October 2013
Judicial Sales Investors Banks Fannie Mae Freddie Mac Homeowners
152 116 67 39 20 533 16% 13% 7% 4% 2% 58%
Top 5 Property AreasAREA 3 AREA 12 AREA 13 AREA 19 AREA 24
57 70 140 53 110
Area Municipalities
Arlington Heights
Elmwood Park
City Of Chicago NW
City Of Chicago SW
Oak Lawn
31 28
138
3263
Judicial Sales Investors Banks Fannie Mae Freddie Mac Homeowners
41 30 3 3 5 58 29% 21% 2% 2% 4% 42%
END GAME?
• Create an IPO?• R.E.I.T (Equity REIT)?• Sell Homes to another investor?• Sell to tenants?• Lease Backed Securities?
How You Can Support
• Donate gofundme.com/helpfightillegalevictions
• Alternative Housing Initiatives• Expenses (court cost)• Research, Articles & Reports