By Peter Whoriskey, Spencer Woodman, and Margot Gibbs, Illustration: Frank Hulley-Jones, The Washington Post, December 15, 2021
The homes on Tammy Sue Lane aren’t fancy. Modest in size and clad in vinyl siding, the houses were priced below $200,000 when most were built about 15 years ago, and for many families in suburban Nashville, they represented a first chance at homeownership.
A corrections officer bought one, and so did a housekeeper and an electrician.
Then some of the world’s wealthiest people bought in.
Over the past six years, 19 of the 32 homes on Tammy Sue Lane have been purchased by a billion-dollar investment venture, part of an unprecedented flow of global finance into the American suburbs. Less than 10 years old, the company has amassed one of the nation’s largest portfolios of single-family houses, becoming the landlord for tens of thousands of families.
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