You are currently viewing Goldman Sachs-Backed Rental Funds Buy Entire Florida Community

Goldman Sachs-Backed Rental Funds Buy Entire Florida Community

A pair of -backed rental funds snatched up an entire 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.

Fundrise previously snatched up a 120-unit development in Pensacola and has been purchasing developments in like Mississippi and South Carolina, according to The New York Post.

’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 availability and soaring prices for both renters and potential homeowners.

ADVERTISEMENT

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

..... (Read more by following the post link below)

This post was originally published on this site

Also See...