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Institutional investors have bought hundreds of thousands of single-family homes to rent out, and now, Wall Street firms have created a security that is backed by these homes and supported by their rental incomes.
Advancing Racial Equity and Justice, Building an Economy for All, Strengthening Health, Affordable Housing, Economy, Housing, Retirement, Small Business+5 More
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Vice President, Communications
Senior Director, Government Affairs
See also: When Wall Street Buys Main Street by Sarah Edelman, with Julia Gordon and David Sanchez
Over the past few years, institutional investors have bought hundreds of thousands of single-family homes across the country and rented them out. Now, Wall Street firms have created a security that is backed by these homes and supported by their rental incomes. This tool lowers their cost of buying and renting these homes and could supercharge the single-family rental industry.
Click here to view an infographic with some important questions we need to ask about the potential impacts of this new trend.
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Policy Analyst
Director, Housing Policy