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Big Single-Family Landlord Bets $1 Billion on the Home-Flipping Business

September 27, 2018 /

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One of the largest single-family landlords in the U.S. is betting more than $1 billion that it can use the tools it developed for buying and managing rental houses to forge a new business serving ordinary homebuyers.

Amherst Holdings LLC, which owns or manages about 20,000 single-family rentals, is launching a subsidiary to purchase, renovate and resell properties, combining the home-flipping business with new features to simplify the consumer experience of buying a home.

By Patrick Clark

https://www.bloomberg.com/news/articles/2018-09-18/amherst-holdings-is-betting-1-billion-on-home-flipping-business

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