{"298931":{"#nid":"298931","#data":{"type":"external_news","title":"Prof. Immergluck agrees REO-to-rental investors helping Jacksonville recover","body":[{"value":"\u003Cp\u003EJacksonville has been hit with one of the nation\u2019s hottest financial sector trends \u2014 REO-to-rental investors, where hedge funds, private equity firms and banks raise millions in capital to buy foreclosed or distressed homes in bulk at bargain prices, rehab them and turn them into rentals. Traditional landlords and owner-occupants would have had a difficult time making a dent in the massive amount of property on the market since the recession. These large institutions and private equity funds have bolstered the recovery of Jacksonville, as professor of\u0026nbsp;City and Regional Planning\u0026nbsp;Dan Immergluck notes.\u0026nbsp;\u201cThere\u2019s evidence in markets where they\u2019ve moved in quickly, prices turned around,\u201d Immergluck said. \u201cThey were falling, and they either stabilized or they started going up. I think they\u2019ve helped put a floor under properties in some places, and I think that has some positive impacts.\u201d\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":"","uid":"28044","created_gmt":"2014-05-21 11:51:03","changed_gmt":"2016-10-08 02:27:08","author":"Jessie Brandon","boilerplate_text":"","field_publication":"","publication":"bioprinting","field_article_url":"","publication_url":"http:\/\/www.jaxdailyrecord.com\/showstory.php?Story_id=542965","dateline":{"date":"2014-05-19T00:00:00-04:00","iso_date":"2014-05-19T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"groups":[{"id":"1224","name":"School of City \u0026 Regional Planning"}],"categories":[],"keywords":[{"id":"93721","name":"dan immerlguck"},{"id":"481","name":"florida"},{"id":"93731","name":"jacksonville"},{"id":"4170","name":"property"},{"id":"4097","name":"real estate"},{"id":"11694","name":"Recovery"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}