Cerberus Capital Management is diving deeper into the single-family rental market, hoping to seize on the sector’s increased activity nationwide. The New York-based private equity firm is looking to raise $500 million through a new fund to purchase single-family homes, according to Bloomberg. Cerberus is making the fund evergreen, meaning there is no target date to return capital to investors. There is growing competition among buyers for single-family rentals, which aren’t selling at distressed prices anymore. […]
source https://therealdeal.com/2018/08/21/cerberus-launches-500m-for-single-family-rental-investments/
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