GTIS Partners, one of the largest investors in global real estate, has its eyes set on new, uniquely American investment opportunity: U.S. single family housing. It’s less exotic than their usual hot spots – but far more distressed, thus making these assets quite cheap. Investors such as GTIS are buying groups of single family homes – not to flip them, but to rent them.
“You’ve got 14 million homes under water in the U.S. About 7 million are deeply underwater and about 3.6 million in that group are on the verge of foreclosure,” says Tom Shapiro, president and founder of GTIS.
Read the full article on Forbes.com.