Wall Street has more money than ever to buy single-family rentals

Investors increased home-buying last year for the first time since 2013.

Investors are raising billions of dollars from bond buyers, pension funds and even wealthy individuals for the single-family home rental market.

“We’re seeing a wider variety of investors coming into this asset class: sovereign-wealth funds, insurance companies, hedge funds, pensions, asset managers,” Sandeep Bordia, head of research and analytics for Amherst Capital Management LLC, told the Wall Street Journal.

Major investors last year bought more homes than in the previous year for the first time since 2013, when heavyweights like Blackstone Group and Starwood Capital Group pounced in the wake of the financial crisis to buy up foreclosed homes at rock-bottom prices.