Real Estate
Single-Family Landlords Eye Wealthy Renters With High-End Houses
- Invitation Homes partnership will buy and fix fancier homes
- Investors typically target houses favored by first-time buyers
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Single-family landlords are going upscale as they bet that more high-earning households will stay in the rental market.
Invitation Homes Inc., the largest U.S. rental house owner, recently formed a $300 million joint venture that is targeting homes that will rent for 30% to 60% higher than the properties it usually purchases.