Relevant:
- Blackstone Buying $100M Single Family Homes per Week
- Colony Spends $1.5 Billion on Homes as Next REIT Boom: Mortgages
- Foreclosures Draw Private Equity as U.S. Rents Homes
- The Rush for Rentals by Investors Turns Into a Run for the Exit
- Turning Foreclosed Homes Into Rentals Could Be $100 Billion Industry This Year
2012-04-03 — huffingtonpost.com
One private equity firm, Waypoint Real Estate, is buying about five foreclosed homes per day and turning them into rentals in an aim to find a new way to make a buck off of foreclosed homes, the Washington Post reports. Other private investment firms are joining Waypoint, shifting from a years-old strategy that focused on flipping foreclosed homes instead of renting them.
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