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If You Sell a House These Days, the Buyer Might Be a Pension Fund


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By Ryan Dezember | Photographs by Jeff Lautenberger for The Wall Street Journal
A bidding war broke out this winter at a new subdivision north of Houston. But the prize this time was the entire subdivision, not just a single suburban house, illustrating the rise of big investors as a potent new force in the U.S. housing market.
D.R. Horton Inc. built 124 houses in Conroe, Texas, rented them out and then put the whole community, Amber Pines at Fosters Ridge, on the block. A Who s Who of investors and home-rental firms flocked to the December sale. The winning $32 million bid came from an online property-investing platform, Fundrise LLC, which manages more than $1 billion on behalf of about 150,000 individuals. ....

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Ribbon Announces New VP of Sales and Operations, Adds Advisor


Ribbon Announces New VP of Sales and Operations, Adds Advisor
Real estate solution company welcomes Lindsay Van Kirk and new advisor Alon Chaver
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 Ribbon, a
Lindsay Van Kirk as vice president of sales and operations. Additionally, Ribbon announced
Alon Chaver as an advisor. The executive and industry veteran hires are aimed at accelerating team and product development to keep up with the company s hypergrowth.
No matter where you look, the number of homebuyers are substantially increasing. While this is an awesome time to purchase a new home due to low interest rates, not everyone has the same opportunity to do so, said Shaival Shah, CEO and co-founder of Ribbon. Our mission to level the playing field and ensure consumers are given the opportunity to win their dream home grows with every new homebuyer. Adding Lindsay to our team and Alon as an advisor gives us the insights and experience we need to continue drivi ....

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