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Blackstone Group, L.P.
Blackstone unit Invitation Homes sued over rental house's condition
Blackstone unit Invitation Homes sued over rental house's condition

Last spring, Edit Novshadyan and her husband were happy to land a Sun Valley three-bedroom house, with enough room for their son to play and their family to grow. Another child was on the way. So they signed a one-year lease with Invitation Homes, an arm of private-equity giant Blackstone Group and the largest player in the emerging single-family home rental industry. It was, Novshadyan said, a "perfect moment." Then they moved in. The house quickly became a slum — one with persistent water leaks, cockroaches and mold that sickened the couple, Novshadyan and her husband, Roland Bagdasaryan, allege. Invitation Homes failed to quickly make requested repairs, and the...

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