Look at Who Has Been on a Huge Buying Spree

from King World News

In the midst of this year’s crazy global markets, look at who has been on a huge buying spree.

REAL ESTATE INVESTORS CHOOSING SINGLE-FAMILY RENTAL HOMES

October 15 (King World News) – Gerald Celente: Invitation Homes, the largest owner of U.S. rental houses, has formed a joint venture with Rockpoint Group, a Boston-based property investor, to spend about $1 billion to buy another 3,500 rental properties.

Invitation owns about 80,000 houses and has been spending an average of $200 million a quarter during the economic shutdown to add more. It issued $448 million worth of stock in June to fuel its buying spree.

Invitation is putting $75 million into the new joint venture, which will borrow $600 million to go house-hunting with.

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