The Impact of COVID-19 on Institutional Single Family Institutional Investors in Growing U.S. Markets
Kenneth Chilton ()
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Kenneth Chilton: Tennessee State University
Chapter Chapter 15 in COVID-19 Pandemic and Global Inequality, 2023, pp 245-257 from Springer
Abstract:
Abstract After the 2009–2010 mortgage foreclosure crisis, a new type of landlord bought up tens of thousands of single-family homes and converted them to single-family rental (SFR) homes. The companies were organized as Real Estate Investment Trusts (REITs) and are now traded on Wall Street. Private Equity investors mimicked the REIT model and have entered the market forcefully since 2015. This chapter explores how COVID-19 has impacted SFR institutional investors and the growth of their portfolios. The analysis concludes that institutional investors are well-capitalized and positively positioned to take advantage of further economic turmoil related to COVID.
Keywords: Housing policy; Single-family residential investors; Real estate speculation; Institutional investors; COVID-19; Economic turmoil (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-4405-7_15
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DOI: 10.1007/978-981-99-4405-7_15
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