Blackstone filed several eviction lawsuits against tenants across Florida and Georgia every month since August. 

The company cited the reason for evictions as having "confidence in [the] cash flow growth" of its housing portfolio. 

• Blackstone poured billions of dollars into acquiring apartment buildings, suburban houses, and other residential assets during the pandemic. 
  • Blackston's Breit, a $69B fund, was used to make these purchases. 
  • Breit allows investors to sell a limited number of shares each month. 
• Federal law prevented landlords from evicting tenants for missing rental payments at the pandemic's start. 
  • "Given Blackstone's massive role in the housing market, the firm's recent move to evict tenants threatens housing stability for families in the U.S. and around the world," says Jim Baker, director at Private Equity Stakeholder Project.