Granted it's not BlackRock or Blackstone with their four-comma portfolios but it is a sign of the times.
" You will own nothing and you will be happy."
From The New York Post:
There’s no end in sight for Wall Street’s Sunbelt sojourn.
A pair of Goldman Sachs-backed ventures gobbled up an entire rental home community in Florida last month for a cool $45 million, according to reports.
Fundrise Interval Fund and Growth eREIT VII picked up 87 single-family properties in Brevard County as part of an ongoing southern spending spree.
Fundrise previously snatched up a 120-unit development in Pensacola and has been pouring money into other rental developments in states like South Carolina and Mississippi.
With rents continuing to soar and demographic shifts ongoing, real estate experts said Wall Street’s southern appetite will only intensify.
Ken Johnson, professor of real estate at Florida Atlantic University, said firms are following population trends and investing in previously disregarded regions of the country....
....MUCH MORE
