Big businsesses can outbid consumers on almost everything.
One thing that has traditionally held that back is diseconomies of scale. Supposedly, a big business wouldn't be able to manage this big portfolio of real estate that easily, since the markets are highly localized and physical presence is required to monitor the condition and status of the property.
But it's possible that technology is making these diseconomies of scale go away, making it easier and easier for big businesses to manage a huge, diverse portfolio of varied assets.
Blackrock has the money and resources to manage owning tens of millions of homes with ease. You divide up the homes based on locations and then leverage property management companies
Big businsesses can outbid consumers on almost everything.
One thing that has traditionally held that back is diseconomies of scale. Supposedly, a big business wouldn't be able to manage this big portfolio of real estate that easily, since the markets are highly localized and physical presence is required to monitor the condition and status of the property.
But it's possible that technology is making these diseconomies of scale go away, making it easier and easier for big businesses to manage a huge, diverse portfolio of varied assets.
See #1404356 for an interesting discussion.