Relevant:
- Carlyle’s distressed bet
- Carlyle Capital Assets Fall 24% Amid Debt Selloff
- Carlyle Capital in Default, on Brink of Collapse
- The Place Where Industry, the Military and Government Converge
- Mortgage applications in the U.S. fell 2.8 percent last week, led by the biggest drop in purchases since January.
2013-03-01 — bloomberg.com
Carlyle Group LP (CG), the second-largest private equity firm by assets, has spent about $2.5 billion betting on the U.S. housing recovery since late 2008. Only $10 million has been for single-family homes.
The firm is buying and building apartment properties after investing in about 50 multifamily projects over the past two years, said Robert Stuckey, Carlyle's head of U.S. real-estate investing. Washington-based Carlyle also is wagering on mortgage bonds that it started to acquire in October 2008 when prices tumbled during the credit crisis.
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