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Recent reports indicate that Blackstone is divesting properties at substantial losses. For example, a home purchased for $490,000 in 2022 sold for $360,000, marking a massive 27% loss. This pattern has become apparent with various properties, including one bought for $550,000 that was subsequently sold for $415,000. The core reason behind this downturn is the liquidation of Blackstone's subsidiary, Home Partners of America, which owns over 28,000 homes. Formally acquired in 2021, Home Partners is now unwinding its portfolio at significant discounts.