> Business, Economy, Finance, News Item, Trends > REO-to-Rental Market Expanding
Institutional investors as well as nontraditional investors are poised with $6 to $9 billion to acquire REO (real estate-owned) properties that many number from 60,000 to 90,000 in the single-family rental market, according to nationalmortgagenews. Keefe, Bruyette & Woods analyst Jade Rahmani says while this may account for only 15 percent of the distressed market, this REO-to-rental market implies long-term investment and the emergence of an institutional asset class. ?Investor interest has increased meaningfully as the large foreclosure inventory combined with a secular shift towards renting has created the possibility of larger-scale investments in the space,? he notes. MHProNews has learned analysts estimate cash returns in the 5-7 percent range with the possibility of 15-20 percent total returns.
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Categories: Business, Economy, Finance, News Item, Trends amp, asset class, distressed market, emergence, Foreclosure, institutional asset, institutional investors, investments, investor interest, jade, keefe bruyette, MHProNews, NationalMortgageNews, rahmani, real estate owned properties, single family, term investmentSource: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/reo-to-rental-market-expanding/
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