Sustainable impact investment fund manager, HNW family advisor, social impact investor, entrepreneur, angel investor, living purpose.
WHY WON’T WALL STREET BUILD SFR? Just a few months ago, Blackstone paid $3.5B to purchase Tricon Residential, which owns 38,000 single-family rental homes across the Sun Belt and has a $1B development pipeline. That’s a strategy to control supply and pricing rent which Wall Street began shortly after the 2008 housing crisis. They have made billions from sucking all the equity from working families and minority neighborhoods. SFR should be owned by families, not Wall Street. Paying 25% premium for multifamily REIT with planned $400 million investment will require huge rental increases to justify investor interest. These increases will ripple to the SFR rentals too. Read below ⬇️ “With perfect hindsight into the 2008 housing collapse, it is clear that patient and flexible capital would have enabled many homeowners to hold onto their home equity. Entire neighborhoods would not have been devastated, and a generation of Black and Latino or Hispanic assets would not have washed out to sea.” -Brookings Institute ⬇️ The mission statement of Ellavoz.com is to keep #homeownership attainable for hard working American families in underserved communities. This is the opposite mission of most Wall Street real estate investment funds. If you believe in our mission, and #sharedvalues #impactinvesting please contact me personally to discuss joining our #impactangelnetwork.