The purchase is meant to provide customer and geographic diversity for the REIT.

The average size of a single-family home has increased to nearly 3,300 square feet, while the average size of an apartment has decreased to 808 square feet.

A nearly 80% decline in foreign investment in Q2 accounted for most of the drop off.

More than one-quarter of millennials who don't live in a home, 28%, said they are most interested in purchasing one because of the pandemic.