Amherst Residential continues single-family rental buying spree with $404 million deal 

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.