Wall Street's move into single-family housing made national headlines just a few years ago.
Firms like Blackstone and Invitation Homes were on a buying spree, snapping up tens of thousands of homes and building large-scale rental portfolios. Entire communities were developed specifically to rent, not own. It was one of the biggest shifts in the U.S. housing market in decades, and it priced out plenty of would-be homeowners in the process.
That frenzy has cooled. But the capital hasn't gone far.
