I think you will be wrong. Here is an good except from an article about the bond:
Some investors and analysts have said they are wary of a bond backed by rental payments, citing the dearth of long-term data on how often tenants living in previously foreclosed homes pay their rent on time.
Also, some investors and analysts have raised concerns about how quickly firms have purchased thousands of homes, and whether they have the management track record and expertise to oversee the maintenance of properties scattered across the country.
They are testing the waters to see if they could get a better price but I think they will find more investors are not for a rent backed security after being burned in mortgage backed securities. See this going down more through September but up over all.
well I would expect you to know about BX dividend history.. for the March, June Sept quarters in 2012 the dividiend was 10 cents...the 42 was 10 cents plus the year end bonus of .32..Now they pay dividends depending on quarter performance..and any IPOs will increase that a lot...peopleinvest without knowing details.. not GOOD!!!!