If you look at condos which are labeled under multi family 20-50% are owned by investors depending on area. Makes sense that it’s historically been a smart choice for vacation rentals,college students, retirees, and city families. Though buying by investors has declined since 2008 and shifted to single family
The institutional investment in real estate is inaccurate and underreported.
I worked for one of the 2-3 firms that you hear about most as "buying up all the real estate".
LLCs within LLCs within LLCs within holding companies. Their profits roll up into tranches of REITs.
There is no way to tell the difference between a mom and pop that owns a 16 unit apartment building and if say a company we'll call WhitePebble owns it.
The property management is not the same entity as the property owner. All of this obfuscates ownership stakes and investment concentration in certain markets or sectors.
REITs are not SEC regulated per se, the reporting and disclosure rigor is not the same as for a publicly traded company.
