Wall street investors cashing out of housing

By Kristena Hansen | Phoenix Business Journal

Last week, Reuters cited sources who said Oaktree Capital Group and its partner, Carrington Mortgage Services, may be among the earliest institutional investors to cash out of the rental home business. The sale possibles of the California-based duo’s portfolio of 500 leased homes nationwide would not impact metro Phoenix.

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Glendale sells small parcel for development

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