Items Tagged with 'Amherst Residential'

ARTICLES

  • From HW Magazine

    Direct-to-consumer tech platform streamlines the turnkey renovated home buying process online

    Amherst Residential launched Bungalo in 2018 and continues to invest in the SFR market
    The demand for safe, affordable, good-quality housing continues to rise in the U.S., but the bulk of today’s existing housing stock is outdated or, in some cases, toxic due to lead paint and poor conditions. As Millennials enter the housing market in greater numbers, many potential homebuyers don’t have sufficient capital for a down payment or good enough credit to obtain mort- gage financing, and are often unable to renovate properties that are outdated or of sub-standard quality.
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  • Amherst Residential continues single-family rental buying spree with $404 million deal

    Snaps up 2,400 rental properties across multiple states
    Texas-based Amherst Residential has been betting big on the single-family rental market, scooping up millions of dollars' worth of properties across the U.S. to build a portfolio of more than 23,000 homes. Amherst's latest acquisition includes 2,400 properties located in multiple states and closed in a series of transactions totaling $404.1 million. And it seems the company isn't done spending just yet.
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  • Single-family rental giant bets big on house flipping market

    Amherst Holdings is putting up $1 billion to fund the launch and expansion of a house flipping operation called Bungalo
    Amherst Holdings, one of the largest single-family rental entities in the U.S., is putting up $1 billion to back a platform it can use to sell off homes it has flipped. According to a Bloomberg article, Amherst owns or manages roughly 20,000 single-family rentals and is launching a subsidiary called Bungalo to flip properties, selling them at no-haggle prices in the hopes of attracting buyers who want a simpler home buying experience.
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