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| A property acquired by US Masters Residential Property Fund |
US Masters Residential Property Fund, a real estate trust that trades on the Australian Securities Exchange, has acquired a sizable portfolio of properties in Jersey City and elsewhere including Brooklyn, Queens, Manhattan, Hoboken, Bayonne and Weehawken.
Not surprisingly, the fund's voracious appetite for property has drawn some controversy and the New York Times piece touches on the accusation that they (and other investors) may be crowding out homeowner buyers.
According to the article, the fund has acquired more than 538 homes so far, including many single family and multi-family townhouses, with the belief that families are moving back to cities and want larger homes. The recent resurgence of the stately Brooklyn brownstone seems to support that theory!
You can learn more about the fund and see the properties they own at their website.
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When we talk property many people think they cannot buy their property at this time, but this is not true a person can easily buy their property without any funding. There are countless real estate agents who offer homes and building on rent.
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