re: 3 corporations now own 19,000 metro Atlanta homes

This happened in a neighborhood that I bought a townhouse as a rental. It started out as a “workforce housing” in the $270k-$300k range and was going to be developed over time. Prices went up to $600k over a 3 year period. After Covid, the developer finished the other sections and it’s now a “luxury rental community”. At some point when interest rates go down and prices accelerate again, they’ll sell them all off.