I seriously doubt that's what's going on here. You can't really approach gentrification like that. You'd quickly run into issues with the local government and r

I seriously doubt that's what's going on here. You can't really approach gentrification like that. You'd quickly run into issues with the local government and regulations. My guess is that this is speculative property investment, likely as part of a private REIT/hedge fund. I bet the buyers plan to turn around and sell these off in small lots (usually 10 - 100 at a time) for a small profit.