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KKR Makes New Single-Family Rentals Bet as Wall Street Piles In

  • My Community Homes is KKR’s latest platform for buying homes
  • Investors committed billions to asset class since Covid-19
U.S. Existing-Home Sales Surged In July By Most On Record
Photographer: Bing Guan/Bloomberg

KKR & Co. is making a fresh play for the suburbs, forming a new single-family landlord, My Community Homes, that plans to buy and manage rental houses across the U.S.

KKR is investing in the platform through its real estate and private credit funds, according to people with knowledge of the matter, who asked not to be identified because the matter is private. The number of homes and geographies targeted by the venture couldn’t immediately be learned.