The Real Deal New York

Hedge funds try to turn a profit, one home at a time

With other distressed markets played out, big-ticket investors start snapping up homes in Northeast
By Candace Taylor | May 10, 2013 10:30AM

From the May issue: Over the past year, much ink has been spilled on the phenomenon of institutional investors snapping up distressed single-family homes across the country, a trend that took off last year after famed investor Warren Buffett famously said he’d buy up “a couple hundred thousand” single-family homes if it were practical. [more]