Tag: rental homes

Wall Street Investors Are Snatching Up Single-Family Homes and Taking Over the Rental Market

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An ongoing shortage of housing will make it easier for banks and other Wall Street investors to take control of the market for single-family rental homes, National Association of Realtors Chief Economist Lawrence Yun told the Daily Caller News Foundation.

Institutional investors, such as banks and other large investors, are on track to own 40 percent of single-family rentals in the U.S. by 2030, MetLife Investment Management predicted, according to CNBC. An ongoing shortage of single-family homes in the U.S. would normally limit growth potential for Wall Street firms looking to buy single-family rentals, but it is also making it easier for them to tighten their grip on the market, Yun told the DCNF.

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Wall Street Firm Blackstone Invests $6 Billion in Single-Family Homes

Michigan Star Staff
"For Rent" sign in window of building

Investment firm Blackstone Group acquired 17,000 single-family rental homes on Tuesday in a deal worth $6 billion.

Blackstone, an asset management firm that focuses on alternative investments, acquired Home Partners of America (HPA) along with its 17,000 home inventory, the firm announced in a statement Tuesday. Blackstone will continue HPA’s business model of offering its tenants rent-to-own lease agreements, which allow the tenant to purchase the rental property after a certain amount of time.

“The fundamental premise of the HPA platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it,” Blackstone’s Real Estate Senior Managing Director Jacob Werner said in the statement. “We intend to build on that goal and expand access to homes across the U.S.”

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