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Blackstone Group, L.P.
Institutions turning homes to rentals elsewhere steer clear in Baltimore
Institutions turning homes to rentals elsewhere steer clear in Baltimore

For decades, nearly all homes were bought by individuals, but the collapse in prices brought on by the housing crunch and Great Recession attracted large investors looking to make money buying and renting single-family homes. The investments of such firms buoyed markets across the country in the past few years — but not in the Baltimore region, where they've shown little interest. In the first six months of the year, institutional investors bought just 3 percent of all homes sold in Maryland, according to real estate information firm RealtyTrac, which considers institutional investors entities that buy 10 or more properties. In the Baltimore area, that number is even smaller...

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