Single-family rental giant bets big on house flipping market
Amherst Holdings | September 18, 2018
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.