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Dream Unlimited was founded in 1994. [3]In 2021, Dream Unlimited had $15 billion of assets under management, $9 billion of which are fee earning. [4] It owned 11.2 million square feet of commercial rentable real estate, including 26,018 residential rental units.
This model is also used in the residential space, but mostly for small units in high-demand locations. Here, the company signs a rental agreement with the owner and pays them a fixed rent. As per the agreement, the company is given the right to sublet the property for a higher rent. The company's income is the difference between the two rents.
[36] [37] In April 2024, the National Multifamily Housing Council, an industry trade group, announced that Greystar was the United States' largest apartment owner after adding over 10,000 units to its portfolio in 2023. [38] Greystar partners with Airbnb to allows its residents to host their homes as short-term rentals. [39]
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