The real estate’s business of investing in portfolios of troubled single-family homes has come to the point in it’s at present cycle that investors who got into the game early are beginning to cash out.
Let’s consider MACK Cos., a Chicago rental and property management dense that has been buying, improvement and renting single-family homes since 1997. Now MACK have sold a portfolio of 196 homes in the border south of Chicago to American Residential Properties, a Scottsdale, Ariz., firm that begin accumulating homes 3 years ago and now owns about 2,000 in seven states.