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US home-rental industry is reshaping itself

Small landlords exit market while corporate owners sell houses in bulk
Thursday, July 24, 2014 - 06:00

[NEW YORK] Alexander Philips joined the rush to buy foreclosed US homes four years ago, spending US$40 million on houses in California and Nevada to operate as rentals. Now his firm, Twinrock Partners LLC, is getting ready to sell."We didn't want to be the last one standing when the music

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