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In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
In 2012, in an effort to create demand, Fannie Mae placed several thousand foreclosed-upon homes for sale in a single transaction. [2] This sale helped establish single-family property portfolios as a potential investment for large institutional investors, [1] as opposed to one chiefly appealing to individual families and small-time investors. [3]
Champion Homes, or Champion Home Builders, is a mobile and modular home manufacturing company that operates as a subsidiary of the Skyline Champion Corporation. [1] It is one of the largest modular homebuilders in North America. [2] The company also provides factory-built housing to the United States and western Canada. [3]
Clayton Home Building Group committed to donating $300,000 to support the program. [71] Clayton Homes also partners with Family Promise to donate several homes per year to families who have experienced homelessness. [72] In 2021, Clayton Homes donated $450,000 and 3 off-site built homes to be used to prevent family homelessness. [73]
Most have washer and dryer connections. In addition to the ground floor living area, many offer attic space over one of the modules. Most of the apartments were built in the 1970s and 1980s. [2] The corporation filed for bankruptcy in 1989, and reorganized as Cardinal Realty Services, Inc., a real estate ownership and management company.
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