Wall Street landlords raised $110 billion to buy homes but have had a quiet year.
One large transaction, and one large listing, could signal that investors are ready to start buying.
The single-family rental market, a popular playground of Wall Street landlords in 2020 and 2021, has been in a deep-freeze for the last year.
Rising borrowing costs and a shakier housing market halted most transactions, leaving idle much of the $110 billion raised to buy homes.
The company, which was valued at nearly $2 billion last year, says it has facilitated more than $5 billion in deals.
Persons:
dealmaking, Goldman Sachs, Don Mullen, DR, Barry Sternlicht's, redemptions, Gary Beasley, Roofstock, Allison Arest, Topping, Beasley, Morgan Stanley's, Ellen Zentner, Jay Powell, LeMaistre, everybody's
Organizations:
Bloomberg, Barry Sternlicht's Starwood Group, Fed
Locations:
Beach