Wall Street-Backed Landlords Now Own More than 11,000 Single Family Homes In Charlotte

To see how deep Wall Street landlords have gotten into the Charlotte housing market, the UNC Charlotte Urban Institute analyzed Mecklenburg County’s property ownership database as of May 2021. They found that while they only own a small percentage of total houses, the new single-family rental conglomerates have built portfolios of houses heavily concentrated in the starter home segment of the market — where the supply crunch is tightest right now. And the conglomerates are still adding to their holdings, concentrating on suburban properties in mid-priced neighborhoods like Steele Creek and Highland Creek.