Amherst Residential continues single-family rental buying spree with $404 million deal

Texas-based Amherst Residential has been betting big on the single-family rental market, scooping up millions of dollars’ worth of properties across the U.S. to build a portfolio of more than 23,000 homes. In 2017, Amherst – one of the country’s largest single-family landlords bought $78 million worth of properties primarily located in Atlanta in Southeast Florida. Now, that deal looks like chump change compared with Amherst’s latest $404.1 million acquisition of 2,400 properties located in multiple states that was closed in a series of transactions that began in October 2018.