The chapter explores FPA multifamily's recent acquisitions, a proposed bill in Congress regulating institutional ownership of single-family rentals, and the history of institutional investors in the single-family rental market. It also discusses the impact of institutional ownership on the housing market and the increasing competition that is driving up prices.
In December, Democrats in Congress introduced a bill that would put an end to hedge fund ownership of single-family homes. As demand for single-family rentals continues to grow, developers specializing in build-to-rent claim they'll get burnt. Deconstruct breaks down who's in the crosshairs and the likelihood that legislation can rein in the investment giants.