Relevant:
- Distressed Home Prices Jump With Inventory Shrinking
- Colony Spends $1.5 Billion on Homes as Next REIT Boom: Mortgages
- Blackstone Buying $100M Single Family Homes per Week
- Foreclosures Jump as Banks Bet on Rising U.S. Home Prices
- Turning Foreclosed Homes Into Rentals Could Be $100 Billion Industry This Year
2013-06-17 — heraldandnews.com
``Private-equity firms, hedge funds and individuals are all buying foreclosed or distressed homes to turn into rental properties as prices remain 28 percent below their 2006 peak. Companies including Blackstone Group, which has invested more than $5 billion to buy almost 30,000 homes, and Colony American Homes, which owns more than 12,000 properties, are helping to increase prices in areas hit hard by the real estate crash by draining the market of inventory as low borrowing costs and improving employment fuel demand from buyers.''
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