kyle bass
Kyle Bass, founder and principal of Hayman Capital Management, L.P., speaks at the Sohn Investment Conference in New York, May 8, 2013.
  • Kyle Bass is investing in Texas, Florida, and Tennessee, he said in a recent interview with the Investor's Podcast Network.
  • These states should benefit from migration to lower-cost states, a trend that's already happening.
  • Bass has been buying rural land to capitalize on demand for environmental credits.

Billionaire investor Kyle Bass is scooping up land in Florida, Tennessee, and Texas, touting the states' upside potential as both workers and companies shift to more affordable markets.