Build for rent continues and bigger and bigger investment firms, partnerships and REITs are interested in acquiring these neighborhoods. No doubt Wall Street hedge funds and partnerships are also acquiring these rental neighborhoods.
Here’s the story about Foxchase being sold for $41 million in the Upstate Business Journal. Haven Realty Capital out of Los Angeles has partnered with Plymouth Meeting, PA based CenterSquare Investments to acquire this asset. The home builder is Crescent Homes out of Charleston, SC.
