A pair of Goldman Sachs-backed rental funds snatched up an entire Florida community for the price of $45 million, according to reports from NBC 2 Orlando. Fundrise Interval Fund and Growth eREIT VII purchased 87 single-family properties in Brevard County as part of an ongoing expansion.
Wall Street’s increasing interest in the south mirrors nationwide population trends. New York saw the largest population decline in 2021 while Florida has been growing rapidly. This has led to decreased housing availability and soaring prices for both renters and potential homeowners.
Faith-based organizations working towards providing affordable housing expressed some level of concern with local media outlets. “Investors come in and of course invest. Property just goes off the roof,” Bishop Merton L. Clark of Truth
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