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.