Private Equity Firms Continue to Enter the SFH Buy-to-Rent Market

From the Wall Street Journal:

Even as home prices recover, private-equity firms continue bulking up on capital to buy homes, renovate them and rent them out. The latest to do so is Thomas J. Barrack Jr.’s Colony Capital LLC, a Los Angeles-based investment firm. On Friday, the company’s housing unit, Colony American Homes, closed on a $500 million line of credit—which could expand up to $1 billion—from J.P. Morgan Chase JPM +1.45% & Co., according to the company…

Colony is buying between 1,000 and 1,500 homes a month in cities from Georgia to California and has so far amassed a portfolio of 15,000 homes at a cost of more than $2 billion since April 2012.