New company formed to buy, rent and resell homes

Article by: PATRICK KENNEDY and JIM BUCHTA , Star Tribune staff writers
Updated: December 4, 2012 - 9:04 PM

Silver Bay Realty Trust will invest in single-family homes -- and offer shares for sale.

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callmeronDec. 5, 12 1:04 PM

"In the latest sign of confidence in the nation's housing market, a newly formed local company will join the growing number of firms nationwide that are buying undervalued single-family houses that will be held for rental and resale." That will devastate residential neighborhoods. Ask anyone who lives near an absentee landlord-owned rental property what happens.