Wasn't it the Great Recession and collapse of the home market that sparked institutional investments into single-family rentals? Well, yes and no.
A sudden wave of foreclosures did open up value to be had, but that was only a part enabler. A company could get the best price for swamp land, but if it couldn't find a way to make profitable use, it doesn't matter.
According to Allan Swaringen, president and CEO of JLL Income Property Trust, which owns about 4,000 single-family home rental units, the real trick was YouTube. Along with other technology that made the business efficient.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.