AI rising, in the single-family-rental industry
Main Street Renewal is an arm of Amherst Holdings, a real estate investing firm with $20 billion under management. It owns or manages some 16,000 single-family homes, scattered across the Midwest and the Sunbelt. That portfolio makes Amherst one of the biggest, fastest-growing players in institutionally owned rental homes, a $45 billion subsector of the real estate industry that barely existed before the Great Recession.
Shawn Tully profiles Amherst Holdings and it's CEO Sean Dobson a "Texan data savant", who plans to use "digitally driven bargain hunting" and "Economies of scale" to "get to 1 million homes in the next 15 years or so."
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