“Blackstone Group LP’s Invitation Homes, after spending more than $9 billion in a U.S. property-buying spree, is starting to sell some houses as it shifts focus from rapid expansion to fine-tuning its holdings. Blackstone led private equity firms, hedge funds and other large investors in buying thousands of houses after the real estate crash, creating a new asset class of single-family rentals. Shares of publicly traded single-family landlords have trailed apartment companies as investors remain wary about the costs of running scattered-site rental properties. Landlords need thousands of homes in a market to achieve the scale needed for efficient management. That’s pushed smaller and mid-size owners to sell.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Germany defends 'strictly legal' cooperation with NSA
Japanese debt-slavery: more dropping dead from overwork
‘Six Californias’ plan doable, could be on November ballot
9 things you should know about Bitcoins
Italy’s Saipem Plans 8,800 Job Cuts After Oil Price Falls
Top U.S. Republicans back Syria strike as refugee crisis mounts
Hundreds of nonsense articles found in peer-reviewed science journals
Winston Churchill’s shocking use of chemical weapons
Patient has 75 per cent of his skull replaced by 3D-printed implant
6% Treasury yields? May come sooner than you think
Some Bankrupt Oil and Gas Drillers Can't Give Their Assets Away
Edward Snowden’s travels overshadow his leaks in U.S. media
Girl, 11, ordered not to sell mistletoe; begging for braces money is fine
Daniel Ellsberg: Snowden made the right call when he fled the U.S.
8 Cities Where 911 Systems Recently Failed