That's why I specified single family homes. BlackRock and other large institutions have dominated multi-family properties for a long time. It only became a media story when they got into single family rentals. It became a story because the local petty capitalists were upset they had bigger competition, plus some higher end PMC who are getting priced out of single family homes.
That's why I specified single family homes. BlackRock and other large institutions have dominated multi-family properties for a long time. It only became a media story when they got into single family rentals. It became a story because the local petty capitalists were upset they had bigger competition, plus some higher end PMC who are getting priced out of single family homes.