Wall Street landlords aren’t going anywhere — except maybe down South. The asset management arm of JPMorgan Chase wants to raise a $700 million fund focused on developing single-family and multifamily rental properties in Sun Belt cities, Bloomberg reported, citing an investor presentation. The financial giant is in talks with investors who may be overexposed to investments in gateway markets such as New York City and San Francisco. The fund would target developments in Atlanta;
source https://therealdeal.com/2020/09/30/jpmorgan-wants-to-invest-700m-building-rentals-in-sun-belt-states/
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