Why built-to-rent homes are booming

In recent years, institutional investors (defined as those owning more than 10 properties), started buying newly built homes following a long hiatus after the foreclosure flood ended five years ago. Instead of buying bargain basement homes, many of these real estate investment trusts and private equity funds are buying properties purpose-built as rentals.

from real estate news and flip houses http://bit.ly/2sTXi4C
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