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Single-family rental giant bets big on house flipping market

September 18, 2018 / Michael Gerrity

According to an article from Bloomberg by Patrick Clark, Amherst owns and/or manages roughly 20,000 single-family rentals and is launching a subsidiary called Bungalow to flip properties, selling them at no-haggle prices in the hopes of attracting buyers who want a simpler home buying experience. The company has already dropped $225 million on Bungalows launch this year and has plans to put up an additional $1 billion in funding to float Bungalo’s expansion efforts.