Wealth management firms eye single-family rentals

02/6/2013 | Bloomberg

Single-family rentals are a growing asset class, now attracting high-net worth individuals. JPMorgan Chase's wealth management unit is investing client money in a partnership that has acquired single-family homes for rent in Arizona, Nevada, Florida and California. Returns are expected in the 8% range. Morgan Stanley is approaching the market by lending to high-net worth customers to purchase their own investment properties.

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