Part 4/8:
Blackstone's move to sell is not an isolated incident. Other landlords, such as Amherst and American Homes for Rent, are also offloading properties in key markets like Dallas and Houston. In fact, the percentage of investor portfolios for sale in these cities has increased, indicating a notable shift from the previous trend of Wall Street entities aggressively acquiring homes.
Far from the misconception that investors are continuously buying homes, the reality is that many major players have pivoted to becoming net sellers. This raises critical concerns: can these large-scale sales induce a downward spiral in property values across the neighborhoods they operate within?