Wall Street investors form South Florida trade group

Miami /
Apr.April 16, 2014 05:15 PM

Property investors reportedly launched a trade group to represent Palm Beach County’s growing coalition of Wall Street homebuyers.

A spinoff of the Washington, D.C.-based National Rental Home Council will educate and give nonpartisan advise on renting out single-family homes on a corporate scale — a relatively new business model in the area, the Palm Beach Post reported.

Some of its founding members include Colony Capital, Starwood Waypoint Residential Trust, American Homes 4 Rent and a subsidiary of the Blackstone Group called Invitation Homes. Invitation has about 150 employees in its Plantation office and more than 1,000 properties in Palm Beach County.

“There hasn’t been anything like this done before,” Invitation chief marketing officer Andrew Gallina told the Post. “The council was a natural extension of what was happening.”

However, some investors suspect the firms are just trying to improve their public relations through the trade group. [Palm Beach Post]Angela Hunt


Related Articles

arrow_forward_ios
Westlake approves Adrenaline World entertainment complex, retail center
Westlake approves Adrenaline World entertainment complex, retail center
Westlake approves Adrenaline World entertainment complex, retail center
American Commercial Realty buys North Palm Beach property for $36M
American Commercial Realty buys North Palm Beach property for $36M
American Commercial Realty buys North Palm Beach property for $36M
South Florida single-family home sales fall in October amid declining inventory
South Florida single-family home sales fall in October amid declining inventory
South Florida single-family home sales fall in October amid declining inventory
The Oakwood Apartments at 2425 Second Avenue North in Lake Worth Beach (Google Maps)
New Jersey firm buys Oakwood Apartments in Lake Worth Beach for $35M
New Jersey firm buys Oakwood Apartments in Lake Worth Beach for $35M
Palm Beach mansion sells for $25M
Palm Beach mansion sells for $25M
Palm Beach mansion sells for $25M
Brookfield pays $8M for office building in Boca’s Park at Broken Sound
Brookfield pays $8M for office building in Boca’s Park at Broken Sound
Brookfield pays $8M for office building in Boca’s Park at Broken Sound
Related's Stephen Ross and a rendering of One Flagler (Getty, Related Southeast)
Stephen Ross’ One Flagler office tower in West Palm preserves 100-year-old church, scores tenants, including Estiatorio Milos
Stephen Ross’ One Flagler office tower in West Palm preserves 100-year-old church, scores tenants, including Estiatorio Milos
Nonprofit arts and culture organization sues Delray Beach over lease termination
Nonprofit arts and culture organization sues Delray Beach over lease termination
Nonprofit arts and culture organization sues Delray Beach over lease termination
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...