Two of the biggest investors in Las Vegas real estate — Wall Street heavyweight Blackstone Group, and Santa Monica, Calif.-based Colony Capital — have cut back on their buying, and other firms have also pared back or halted acquisitions altogether, local real estate agents tell Vegas Inc.
Las Vegas home prices have rebounded 35 percent in the last year alone, and rents are also slipping, making it harder for investors to flip properties or make them cash flow. Source: vegasinc.com.
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