Starwood Single-Family Rental Firm Stung by Housing Market Slump
Wall Street-backed landlords have cut jobs and slowed purchases with high borrowing costs weighing on the housing market.
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Retired baseball star Alex Rodriguez took to LinkedIn in late 2021 to ask for help: He’d invested alongside Starwood Capital Group in a single-family rental company that was buying 1,000 homes a month and needed to hire as many as 500 people to keep up.
“The right time to get on board is now,” he wrote in a post.