Private Equity Attracted to Distressed Housing

New York, NY, Jan. 31, 2012 -- Bloomberg News reports that private equity firms are planning to invest in distressed housing as the U.S. government plans to market 200,000 foreclosed homes as rentals to speed up the economic recovery.

For example, Bloomberg said that GTIS Partners will spend $1 billion by 2016 acquiring single-family homes to manage as rentals.

That followed announcements that GI Partners of Menlo Park expects to invest $1 billion, and Los Angeles-based Oaktree Capital Management LP will spend $450 million on similar housing.