What cities are the Hedge funds buying in ?

[Jay Hinrichs]

Are Hedge funds buying in your city... should investors be following them and buying along side the Hedge funds with the hope of getting swept up in the anticipation of capital growth based on supply demand?  Or are they wrecking it for locals and other investors by creating a frenzy and escalation in wholesale prices...

[Chris Martin]

Originally posted by @Dawn Brenengen:

American Homes 4. Rent has been in the. Raleigh, NC market for a few years. I'm not sure if they are still actively buying, but they own quite a few homes now. 

In Wake county (Raleigh area), AH4R has acquired 47 properties so far this year. We are half way through the quarter and that number is consistent with their buying pattern in the past year. 2014Q4 was 122, 2014Q3 was 84. 2014Q2 was 61. 2014Q1 was 83. As for cities they are in, Raleigh is not in the top 10. From their last quarterly SEC filing, the top ten are(*):

Dallas-Fort Worth, TX
Indianapolis, IN
Greater Chicago area, IL and IN
Atlanta, GA
Cincinnati, OH
Houston, TX
Charlotte, NC
Tampa, FL
Phoenix, AZ
Jacksonville, FL

(*)page 28: http://www.sec.gov/Archives/edgar/data/1562401/000104746914009227/a2222184z10-q.htm
Related:
http://www.biggerpockets.com/forums/311/topics/86191-the-modus-operandi-of-the-mass-buyer---a-case-study
http://www.biggerpockets.com/forums/88/topics/110262-thinking-of-an-investment-in-a-hedge-fund