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发帖数: 12932 | 1 Agustin Gutierrez, a construction worker from this town in the hills
northeast of San Francisco Bay, lost his job in 2009, then, 10 months later,
he lost ownership of his home.
Now, the husband and father of four rents the same five-bedroom ranch from
McKinley Capital Partners, an investment company that's at the forefront of
a new breed of big-money landlords.
McKinley, which has acquired more than 300 foreclosed single-family homes in
the Bay Area over the past two years, recently teamed up with Och-Ziff
Capital Management Group LLC, a New York hedge fund, with plans to buy at
least 500 more foreclosed homes in the next year. Those homes, too, will be
rented to people like the Gutierrez family.
Buying foreclosed homes as investment properties has long been dominated by
mom-and-pop investors. But now hedge funds, private-equity firms, pension
funds and university endowments are dipping into that market. The attraction
is double-digit returns at a time when most bonds and other income
investments yield very little. |
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