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Zillow’s Home Sales Fatten Inventory for Wall Street Landlords

  • Single-family rental firms are tapping iBuyers for houses
  • Pipeline from Silicon Valley to investors under scrutiny
Zillow Shuts Home-Flipping Business After Racking Up Losses
Photographer: Tiffany Hagler-Geard/Bloomberg

The collapse of Zillow Group Inc.’s home-flipping operation is highlighting the close ties between tech-powered real estate companies and the Wall Street landlords hunting for rental houses.

Zillow has sold homes in recent weeks to prominent institutional landlords, including rental operations tied to Cerberus Capital Management, KKR & Co. and Tricon Residential, which counts Blackstone Inc. among its largest shareholders.