FOX Business ran two segments last week with regard to investing in the single-family asset class. MACK Companies CEO and president James McClelland and Eric Workman, MACK Companies VP of Sales and Marketing were both interviewed. Fox Business wanted to shed the light on the increased interest in single-family home investments. Who better to talk to than MACK? Mr. McClelland spoke to the immense desire for volume from Wall Street. Mr. Workman had this to add ”Institutional investors have come into this market in a big way,” and that they either they want to enter into this line of work like MACK or merely want to acquire the asset.
MACK Companies’ CEO & President, James McClelland attended Zelman & Associates’ 5th Annual Housing Summit which was held in Washington D.C. last week. Mr. McClelland was one of five distinguished speakers to participate in the single-family home rental speaker’s panel. The panel discussed a multitude of subjects such as: Renewal Rates, Multi-year Leases, Raise in Rent Stats, Cost of Turnover, Move Out to Buy Stats and Move Out Stats.