Hedge Fund and Real Estate Investment Trust Lift Property Values
Following to Bruce W. McNeilage, founder of real estate investment firm Kinloch Partners, LLC, Hedge Fund and Real Estate Investment Trust investment in residential real estate is helping to increase property values and creating rental inventory in Nashville.
McNeilage
made his remarks as part of a panel presentation titled "Emerging
Housing Trends: Converting Single Family Homes to Long-Term Rentals" at
the Tennessee Housing Development Agency's "Governor's Housing Summit"
here today.
"Hedge
fund investment in single-family homes has several advantages,
particularly here in Nashville," McNeilage said. "It has helped keep
property values higher, which is good for existing owners. In addition,
it's created a larger supply of high-quality rental homes which is
particularly attractive to businesses looking to relocate to Nashville.
Companies relocating here can find high-quality rental housing for their
executives, who often need to rent while selling an existing home."
Hedge
Fund real estate investment isn't perfect for every market, but it
works well in the Nashville area. Low tax rates, low insurance rates,
low cost of materials and availability of land or existing homes all
combine to make Nashville a sound real estate investment.
Source: Insurance News Net
