A new asset management firm announced plans to invest over $1 billion into distressed properties and convert them into rental homes.
Sylvan Road Capital, LLC, which launched Wednesday, was co-founded by a former head of U.S. housing strategy at Morgan Stanley, Oliver Chang.
During a time when home values remain low and rent prices are increasing, the company plans to seize the opportunities available in the $3 trillion single-family rental market.
According to a company release, the $1 billion will be invested over the next two years, and Sylvan . . .
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