Neuberger Berman Group, an investment unit of Lehman Brothers Holdings Inc. until that firm succumbed to the U.S. subprime crisis, produced the best real- estate returns of the past five years by betting on less- indebted companies that could survive tough times.
B. Wayne Hughes, a sharecropper’s son who became a billionaire pioneering warehouses for Americans needing storage space, is buying thousands of houses to rent as more people find homeownership out of reach.
Billionaires B. Wayne Hughes, Paul Singer and Ken Griffin are among two dozen donors who together gave $5.2 million last month to American Crossroads, a Republican group aligned with political strategist Karl Rove.
Do-it-yourself movers have been renting U-Haul International’s 225,000 trucks and trailers at a quickening pace, helping its corporate parent, Amerco, close at a record yesterday. The surge made Edward “Joe” Shoen, the company’s chairman, a billionaire.