Oaktree Capital To Exit Investments In U.S. Foreclosed Homes

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Oaktree Capital To Exit Investments In U.S. Foreclosed Homes

Investment management firm, Oaktree Capital Group LLC (NYSE:OAK) headed by Howard Marks, is planning to exit its investments in foreclosed homes in the United States as return on rents from single family homes begin to decline.

Oaktree Capital To Exit Investments In U.S. Foreclosed Homes

Matthew Goldstein of Reuters reported that Oaktree Capital Group LLC (NYSE:OAK), which specializes in investing in distressed assets, aims to sell 500 fully leased homes, a sign that the investment management firm aims to generate profit as the housing prices in the country have gone up.

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