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Brookfield Bets on Single-Family Rentals With $300 Million Fund

  • Firm also recently acquired a controlling stake in landlord
  • Rent collection in industry has held up during pandemic
     
Photographer: Bing Guan/Bloomberg

Brookfield Asset Management Inc. is the latest Wall Street giant to plant its flag on Main Street lawns.

Brookfield recently acquired a controlling stake in single-family landlord Conrex, which operates more than 10,000 rental homes across the Midwest and Southeastern U.S., according to people familiar with the matter who asked not to be named because the transaction isn’t public.