Foreclosed Homes Purchased by Colony Capital to be turned into Rental Properties
Foreclosed Homes Purchased by Colony Capital to be turned into Rental Properties November 13, 2012 Colony Capital, a private real-estate investment firm, won an auction for 970 single family homes from mortgage giant Fannie Mae in a deal that cost the company $176 million. The properties are located in California, Arizona and Nevada, three states that have been hit particularly hard by the housing crisis that first began in 2008. http://pacificbanc.wordpress.com/2012/11/13/foreclosed-homes-purchased-by-colony-capital-to-be-turned-into-rental-properties/