Firms eyeing worker housing


Blackstone's Avery Lodge portfolio has attracted interest from investment firms including Bain Capital and Apollo Global Management Inc. — Reuters

NEW YORK: Blackstone Inc’s worker housing firm Avery Lodge in Singapore has drawn interest from investment firms including Bain Capital and Apollo Global Management Inc.

The Avery Lodge portfolio, a set of four purpose-built worker compounds with about 1,700 units, has also attracted Brookfield Asset Management Ltd, said people with knowledge of the matter.

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