One of the world's biggest real-estate firms is betting that single-family rentals will continue to boom
Summary List Placement Home prices nationally have hit their highest levels since 2006, with single-family homes emerging as one of the financial stars of the pandemic. While there have always been millions of local landlords who rent out homes, institutional investors began to build large portfolios of them in the aftermath of the 2008 financial crisis. Now, institutions have never been more interested in buying and then leasing out homes as part of a fresh boom in single-family rentals . And one of the country's biggest real-estate advisory firms and brokerages, Jones Lang LaSalle, has jumped into the fray. JLL announced earlier this month that it was entering into a partnership with leading single-family rental marketplace Roofstock, along with a minority strategic investment. Roofstock's platform lets investors buy, sell, or mange rental properties . As part of the transaction, Roofstock purchased single-family rental accounting and asset management software firm Stessa from JLL Technologies, the company's strategic venture fund.
One of the world's biggest real-estate firms is betting that single-family rentals will continue to boom
Summary List Placement Home prices nationally have hit their highest levels since 2006, with single-family homes emerging as one of the financial stars of the pandemic. While there have always been millions of local landlords who rent out homes, institutional investors began to build large portfolios of them in the aftermath of the 2008 financial crisis. Now, institutions have never been more interested in buying and then leasing out homes as part of a fresh boom in single-family rentals . And one of the country's biggest real-estate advisory firms and brokerages, Jones Lang LaSalle, has jumped into the fray. JLL announced earlier this month that it was entering into a partnership with leading single-family rental marketplace Roofstock, along with a minority strategic investment. Roofstock's platform lets investors buy, sell, or mange rental properties . As part of the transaction, Roofstock purchased single-family rental accounting and asset management software firm Stessa from JLL Technologies, the company's strategic venture fund.