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Ellington gets out of home rentals, sells all 900 houses for US$126m

Mon, Jan 05, 2015 - 5:50 AM

Washington

ELLINGTON Management Group is out of the rental-home business.

The investment firm, founded by Michael Vranos that specialises in mortgage-backed bonds, sold 900 houses to American Homes 4 Rent for about US$126 million, according to a Dec 31 statement from the real...

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