521: There Are 16 Million Rental Homes In The U.S.

Starting in 2012, Blackrock started investing in single family homes. This was on the heels of the great financial crises when newer homes in Phoenix and other sunbelt markets were selling for $60,000-$70,000. Since then, other institutions have also entered the space, and single-family homes has become an institutional asset class. Kris Garin, Principal and CEO of Riparian Capital Partners is aggregating an impressive portfolio of government-subsidized affordable single-family homes in Baltimore, Detroit, and Pittsburgh, and will also be expanding to other cities. Riparian Capital Partners currently owns 1600 affordable single-family homes.