Hedge funds have been disproportionate buyers of single-family homes over the last few years.
Traditionally, real estate investment funds didn’t own single family homes to rent. Most companies with single family home exposure were builders.
There’s still a ton of other multi-family and apartment REITs out there, but I believe they’re not being targetting both because they’ve existed for a long while and also because usually a person looking for a family home doesn’t buy the entire apartment building.
I thought the same. Is there data somewhere to suggest hedge funds specifically own more than the others?
Hedge funds have been disproportionate buyers of single-family homes over the last few years.
Traditionally, real estate investment funds didn’t own single family homes to rent. Most companies with single family home exposure were builders.
There’s still a ton of other multi-family and apartment REITs out there, but I believe they’re not being targetting both because they’ve existed for a long while and also because usually a person looking for a family home doesn’t buy the entire apartment building.
Here’s a source with some more info: https://www.cnbc.com/2023/02/21/how-wall-street-bought-single-family-homes-and-put-them-up-for-rent.html
I have no idea who down voted you. Let me find some…
Edit: https://reiclub.com/articles/single-family-houses-the-5-biggest-buyers-in-america/