2012 Gold Rush: Alaska Wants To Buy Your Vacant House in the Lower 48

In this bear investment market, the Alaska Permanent Fund Corp. is planning to make a $ 400 million commitment to hunt for vacant single-family homes in the lower continguous U.S.

Under its single-family homes strategy, the Alaska fund would not purchase or directly own the properties, but instead, will provide up to a $ 400 million of investment capital to American Homes 4 Rent LLC to purchase packages of vacant homes in the lower 48 and manage…
National Commercial Real Estate News From CoStar Group