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re: Why is BlackRock, (the FED), buying every "Single Family House", they can find?
Posted on 6/10/21 at 5:37 pm to LookSquirrel
Posted on 6/10/21 at 5:37 pm to LookSquirrel
Who manages the properties? Probably a management company similar to an apartment complex. Class A Multi-Family Real estate, cost like $100 million and are owned by REITs. Mom & Pops don’t own $100 million apartment complexes, they are owned by REITs and Blackrock has the biggest REIT. Apartment complexes take a long time to plan & build so when Blackrock raises $1.9 billion in a month, they have to buy ready to go assets like DR Hortons newly built subdivision
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