The single-family rental market is heating up, Texas style.
Last month Amherst Residential of Austin, TX acquired 446 single-family rentals in 43 markets including Miami, Greensboro/Winston Salem, NC, Atlanta, Memphis and Phoenix.
Amherst has gone on a major shopping spree in the past six months. Since October 2018, they have bought 2,400 single-family rental properties valued at approximately $404.1 million; and they hope to reach the 10k mark by the end of this year!
Drew Flahive, President of Amherst Residential, says the company is taking advantage of the market fragmentation in the single-family rental home space.
This kind of purchase bodes well for those who are looking to get into this exciting market.
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Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at firstname.lastname@example.org or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.