Private Equity Firms Continue to Enter the SFH Buy-to-Rent Market

September 5, 2013 at 12:12 pm Leave a comment

From the Wall Street Journal:

Even as home prices recover, private-equity firms continue bulking up on capital to buy homes, renovate them and rent them out. The latest to do so is Thomas J. Barrack Jr.’s Colony Capital LLC, a Los Angeles-based investment firm. On Friday, the company’s housing unit, Colony American Homes, closed on a $500 million line of credit—which could expand up to $1 billion—from J.P. Morgan Chase JPM +1.45% & Co., according to the company…

Colony is buying between 1,000 and 1,500 homes a month in cities from Georgia to California and has so far amassed a portfolio of 15,000 homes at a cost of more than $2 billion since April 2012.

Advertisements

Entry filed under: Housing Trends. Tags: , , .

Report: Federal Housing Programs Heavily Biased Against Renters and Regressive Historic Mill in Graham to be Converted to 127-Unit Apartment Community

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Calendar

September 2013
S M T W T F S
« Aug   Oct »
1234567
891011121314
15161718192021
22232425262728
2930  

Most Recent Posts


%d bloggers like this: