Invitation Homes prepping new single-family rental securitization

By: Alex Sifakis, President Last week, Blackstone’s Invitation Homes completed the first ever U.S. securitization of single family rental homes (SFR) – and from all accounts the deal was a wild success for Blackstone. Now, this is obviously great for Blackstone – but what does t

Invitation Homes prepping new single-family rental securitization. – Invitation Homes will the first out of the gate in 2015, as the Blackstone Group (BX ) subsidiary is prepping the year's first single-family rental.

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Remember lower rental yields allow investors to bid more for properties. For the inaugural Invitation Homes rental securitization, the average property price was $199,000. Using the 6.4% rental yield for the portfolio, that results in an average annual rent, net of vacancies, of $12,736.

securitization of single-family rental (SFR) properties owned by an institutional investor. This securitization, Fannie Mae Grantor Trust 2017-T1, was for Invitation Homes, one of the largest institutional players in the SFR business (fannie mae 2017).

The single family rental market has existed for decades as a thriving part of the U.S. housing market. Investment in single family homes for rental purposes has provided many opportunities for the American "mom and pop" investors to build and maintain wealth, prepare for retirement, and hold residual cash flow producing assets.

up single-family homes, managing them as rentals on a massive scale, occupying single-family homes, new laws will be needed to protect tenants and communities against mass evictions and inflated housing costs. 4 | The New Single-Family Home Renters of California Many of those who are.

Since the first securitization in October 2013, when Invitation Homes brought a $479.1 million deal to the market backed by rental payments on approximately 3,200 single-family homes in five.

Lest anyone think the single-family rental market isn’t booming right now, Invitation Homes is about to break the record for largest securitization backed by single-family rental homes.

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Single-Family Securitized Financing: A Blueprint for the Future? Laurie Goodman Abstract In November 2013, Invitation Homes LP, the Blackstone subsidiary that is the largest of the REO-to-rental operations, completed the first securitized financing of REO-to-rental properties (invitation homes 2013-sfr1).

In the last two years, private equity firms have spent more than $20 billion on single-family homes, according to a new report released. in the last two years. Invitation Homes brought a $1 billion.