San Diego Housing Market News and Analysis
As predicted, Fannie is beginning to sell blocks of assets in bulk to REITs
User Forum Topic
Submitted by bearishgurl on October 10, 2012 - 12:09am
Here, 699 "assorted" FL properties sold for $78M as "buy to let" investments to a CA-based REIT. "Future income-sharing" was made "part of the deal."
How this practice bodes for US regional housing markets' future sales prices is anybody's guess. In this case, I would surmise that the successful REITs are targeting properties in multiple adjacent suburban (or exurban) "lookalike" tracts for viable "bulk sale" candidates.
~Financial Market Commentary~
*Investment advisory services and securities offered through Girard Securities, Inc., member SIPC/FINRA.
~Active forum topics~
~SD Home Price Snapshot~