The New American Dream: Rent Your Home From A Hedge Fund

‘About a month ago I joined the Board of Directors of a publicly-traded company that invests in US real estate. The position brings a lot of insight into what’s happening in the US housing market. And from what I’m seeing, the transformation that’s taking place today is extraordinary.
Single-family homes were one of the last bastions of investment freedom for the little guy.
(Real estate is how I got my own start in business and investing so many years ago; I was a 21-year-old Army lieutenant fresh out of the academy when I bought my first rental property.)
But all that’s changing now.
Last week a huge merger was announced between Invitation Homes (owned by private equity giant Blackstone Group) and Starwood Waypoint Homes (owned by real estate giant Starwood Capital).
If the deal goes through, the combined entity would be the largest owner of single-family homes in the United States with a portfolio worth over $20 billion.
And this is only the latest merger in an ongoing trend.’
Read more: The New American Dream: Rent Your Home From A Hedge Fund