Private equity investors have been pouring into the battered housing market in recent months as investors seize opportunities to buy distressed single-family homes and convert them to rental properties.
The single-family home rental market is a segment that has, historically, been very fragmented both in its ownership and operations. The investment capital now flowing into this sector is changing that dynamic.
“What you’re going to see is a creation of much more professionally managed single-family inventory,” says Gary Beasley, a managing director at Waypoint Real Estate Group in Oakland, Calif. Waypoint came out of the gate early with its REO to rental strategy.
Read more...Private Equity Funds Target Foreclosed Homes As Rental Play via NREIonline.com
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