The rest is history.Enter Blackstone (BX). It's emerging as a major player in the rental sector, buying up abandoned properties at deeply discounted prices, flipping them, and then renting them out. The buying is mostly concentrated in areas in the South and Southwest where the housing crisis was the harshest. Companies are expected to make about $5 billion in these kinds of transactions this year. The bet the players like Blackstone are making is that they can still take advantage of cheap loans to restore the value of these properties – without being susceptible to another liquidity crisis. Several other publicly managed funds have been been created (or spun out of larger wealth managers) to capitalize on the trend. We built a list of some of the companies that are buying up rental properties and listed them below. Click on the interactive chart below to view data over time. 1.The Blackstone Group ( BX):Provides alternative asset management and financial advisory services worldwide. Market cap at $17.79B, most recent closing price at $31.55.
2.Colony Financial, Inc. ( CLNY):Focuses on acquiring, originating, and managing commercial mortgage loans and other commercial real estate-related debt investments. Market cap at $1.73B, most recent closing price at $22.35.
3.American Residential Properties, Inc. ( ARPI):Is a real estate investment trust. It is based in Scottsdale, Arizona. Market cap at $607.69M, most recent closing price at $19.02.
4.Ellington Financial LLC ( EFC):Acquires and manages mortgage-related assets in the United States. Market cap at $616.90M, most recent closing price at $24.22.
5.American Homes 4 Rent ( AMH):Rents residential properties in Arizona, California, Florida, Georgia, and Nevada. Market cap at $3.11B, most recent closing price at $16.71.
( List compiled by James Dennin, a Kapitall Writer. Analyst ratings sourced from Zacks Investment Research, all other data sourced from Finivz.)