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Updated: 07/26/2014 08:00:03AM

Hong Kong comes calling

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While the biggest U.S. player in the nascent rental home property market has eschewed Charlotte County, the subsidiary of a competing Hong Kong company recently snapped up five properties.

Blackstone Group’s Invitation Homes rents out 17 properties in North Port, a tiny part of its $8 billion investment in the national rental market. According to Bloomberg News, the entry of private equity firms, real estate investment trusts (REITs), hedge funds and institutional investors into the distressed housing market led to an influx of $20 billion for as many as 200,000 rental homes in the U.S.

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