(Save the date: RealShare Apartments comes to theWestin Bonaventure, Los Angeles, October24.)
LOS ANGELES-With so many distressed homes onthe market, private-equity funds are considering “buy-to-rent”strategies in bulk for single-family homes, but in doing so arefacing a number of operational challenges, MasoodSohaili, a partner with DLA Piper, tellsGlobeSt.com. While the money has been raised, the challenge isgetting it out the door and managing the assets, which requiressome knowledge and experience with property management and creatingoperational efficiencies.
As GlobeSt.com previouslyreported, now may be the time for those interested inbuying homes for rental purposes to get into the market. Accordingto RealtyTrac’s recently releasedForeclosure News Report, the high number offoreclosed properties on the market, along withthe wealth of would-be investors kicking tires, means the marketcould be ripe for this type of investment. PE funds are noexception.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
