B. Wayne Hughes, the founder of Public Storage, has amassed roughly 10,000 homes, which makes his American Homes 4 Rent firm the second-largest owner of single-family rentals behind the Blackstone Group, Bloomberg News reported. The properties primarily come from foreclosure auctions; Hughes targets areas hit hardest by the housing crash. “Wayne founded Public Storage at a time when the industry was run by moms and pops out of their garages, and it’s kind of the [more]
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