Billionaire Hughes purchases thousands of homes to rent

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Storage-space mogul Hughes now targeting rental homes. Hughes, 79, has purchased about 10,000 properties through his American Homes 4 Rent, making the Malibu, Calif.-based firm the second-biggest owner of single-family rentals. Hughes is using $600 million from the alaska permanent fund and other fundraising to buy real estate,

This home is incredible, but of course, it’s not the only property the billionaire owns on the west coast. He also bought a ranch in California for eighteen million dollars that has a private race.

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A California billionaire has been snapping up hundreds of homes in southern Dallas County, including south dallas, snowballing into double-digit purch.

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A desert hideaway home once owned by billionaire tycoon and recluse Howard Hughes has gone up for sale in Palm Springs, California nearly 60 years after it was first built. The former Hughes outpost has a price tag of just .35 million. click through to see the renovated digs..

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B. Wayne Hughes, the founder of Malibu, Calif.-based Public Storage (NYSE: PSA), one of the largest self-storage real estate investment trusts in the nation, has been buying thousands of homes throughout the country, including hundreds of homes in North Texas, through his recently formed company, American Homes 4 Rent.

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Private-equity firms led by Blackstone quickly bought tens of thousands of homes at deep discounts, most of them out of foreclosure.. $20 billion to purchase as many as 200,000 homes to rent.

 · Mr. Hughes, age 85, has served as Chairman of the Board of American Homes 4 Rent since its inception in October 2012.During his years of service on the Board, American Homes 4 Rent.