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Eman
@
2013 May 31, 11:19am
Eman
@
2013 May 31, 11:19am
You don't think they know what they're in for? Those guys are making a killing on this bet. The stockholders might be left holding the bag, but not these guys. They know what they're doing. It's just a number's game for them.
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http://www.thestreet.com/story/11938371/1/single-family-reit-ipos-are-risky-bet.html
Good article on single-family REITs. Being in the multifamily business and competing with these home rentals in some markets, I'm very interested in watching how this whole deal with Blackstone, Waypoint, et al plays out. I don't think they know what they're in for, at least on the management side.