I saw a number for Black Rock of 80,000 homes in their portfolio—don’t know how many are rented and how many are vacant.
That is not a large number, but in selected “hot” markets it can significantly affect prices at the margin—even a 5% drop in available inventory has an outsized effect.
BlackRock or Blackstone?
I know there are numerous other investment firms into real estate in a heavy way.
I’ll see if I can put together numbers. It won’t state anything about occupied or not though...
The big difference is the Blackrock, Fundrise, Crowdstrike and other real estate investment funds are locking out the smaller real estate investor in many US markets.
If I try to buy a multi family house with the intention of renting it out I have to put down 25% minimum. Then the interest rate on the low is higher than an owner occupied mortgage. These investment companies come in with all cash offers. $550,000 for a three apartment house, no problem, they will take four of them. In many areas they are also buying single family houses just to rent out.