Cerberus launches $500M for single-family rental investments

Cerberus Capital Management is diving deeper into the single-family rental market, hoping to seize on the sector’s increased activity nationwide. The New York-based private equity firm is looking to raise $500 million through a new fund to purchase single-family homes, according to Bloomberg. Cerberus is making the fund evergreen, meaning there is no target date to return capital to investors. There is growing competition among buyers for single-family rentals, which aren’t selling at distressed prices anymore. […]

from The Real Deal New York https://ift.tt/2MtTmmZ