American Homes and Invitation Homes Face a New Competitor
One of the hottest institutional investing strategies is single-family rentals. Institutions are deploying capital into this space as the fundamentals are incredibly attractive at the moment.
Recently, homebuilder Lennar (NYSE: LEN) teamed up with Centerbridge Partners and Allianz AG to launch a venture called Upward America. The concept is to launch single-family build-to-rent properties in high-growth markets.
American Homes 4 Rent (NYSE: AMH) and Invitation Homes (NYSE: INVH) are already in the single-family rental business. How will this affect their business?
Source Fool.com
