Stop competing with companies who have endless supplies of cash to buy properties – buy a new Domain home!
According to the Tampa Bay Times, Blackstone Group, a Wall Street investment firm, is looking to purchase approximately $1 billion worth of real estate in the Tampa Bay area and other strategic cities throughout the country. This means more competition on resale homes and foreclosures, higher prices and more rental homes coming soon in your area.
According to the article, Blackstone to Buy $1 Billion Worth of Tampa Bay Real Homes for Rentals*, the investment firm is planning to buy thousands of homes throughout the Tampa Bay area and turn them into rental properties. Tim Terpening, VP of Strategic Development for Domain Homes stated, “This is a game changer for the Tampa Bay area. It is good to help lower inventory of homes so appreciation of value in our market can be realized,” during an interview with 970 AM, WFLA radio.
As a new home builder in a competitive market, Domain Homes continues to offer value to buyers who don’t want to compete with big companies and get tangled in bidding wars. With a new house from Domain Homes, you can pick the colors, decide on the features and layout of your space and choose the finishes for your dream home.
Let Domain Homes help you get into your perfect home without the worries and hassles of buying a resale home. Get exactly what you want, complete with a warranty. We look forward to finding you the domain of your dreams!
No matter where you want to live in the Tampa Bay area – Domain Homes has you covered. Stop by the Domain Headquarters at Southtown Park, 7700 Interbay Boulevard, Tampa to learn more about our unique approach to home building and buying. For more information, check out our website www.domainhomes.com and be sure to “Like” us on Facebook. Call 813-413-4154.
*Note: According to a follow-up article featured on September 22, Blackstone Group’s $1 billion will be spent throughout several strategic metro cities in the U.S.