Colony, Blackstone, Waypoint Real Estate Group LLC and American Homes 4 Rent have converged on Atlanta in search of low-priced properties to buy and rent out, after helping drive prices up 34 percent in Phoenix from a year ago. Their goal is to take advantage of the burgeoning U.S.Â housing recovery, earning annual returns of at least 6 percent on rents until home prices rise enough to make a lucrative exit.Â http://tiny.cc/o72mmw
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