Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

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Items Tagged with 'Invitation Homes'

ARTICLES

Invitation Homes’ new single-family rental securitzation is largest ever

IH 2015-SFR3 checks in at a record-breaking $1.2 billion
Ben Lane
Lest anyone think the single-family rental market isn’t booming right now, Invitation Homes is about to break the record for largest securitzation backed by single-family rental homes. Meet Invitation Homes 2015-SFR3.
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National Rental Home Council names inaugural board of directors

Members are nation's largest single-family rental owner-operators
Ben Lane
The National Rental Home Council, a trade group made up of the nation’s largest owner-operators in the single-family rental space, announced its first board of directors. The NRHC said that the establishment of a board of directors will help to expand on the work the group has already done.
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Invitation Homes prepping new single-family rental securitization

Company’s first in 2015 and fifth overall
Ben Lane
Invitation Homes will the first out of the gate in 2015, as the Blackstone Group subsidiary is prepping the year’s first single-family rental securitzation. The offering, Invitation Homes 2015-SFR1, will be collateralized by a $540.9 million loan secured by first priority mortgages on 3,072 income-producing single-family homes.
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Invitation Homes bringing another REO-to-rental securitization to market

Company’s third in 2014 and fourth overall
Ben Lane
Both Morningstar and Kroll Bond Ratings Agency released presale reports for the securitization, with each awarding $328.91 million in AAA ratings to the offering's Class A tranche.
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Meet the new guidelines for single-family rentals

National Rental Home Council releases operating guidelines
Ben Lane
The National Rental Home Council, the trade group for single-family rental homes created by the largest owner-operators in the space, has released operational guidelines for the entire single-family rental industry.
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Invitation Homes names new CEO and executive chair

Elevates Bryce Blair, adds John Bartling
Ben Lane
Bryce Blair, who has been on Invitation Homes’ board of directors since 2013, was named executive chairman of the board of directors. The company also named John Bartling as president and chief executive officer. Bartling will replace Invitation Homes’ current CEO Nick Gould.
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Vacancies drop again in Invitation Homes rental securitizations

Continues downward trend
Ben Lane
In Invitation Homes’ $1 billion single-family rental securitization, which launched earlier this year, the cash flow vacancy rate of the underlying properties fell to 5.4% as of July 31, down from June’s revised figure of 6.2%.
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Invitation Homes bringing third REO-to-rental securitization to market

Asset class becoming more popular
Ben Lane
Of note in the presale report is the vacancy rate of the underlying properties, which stands at 4.4% as of the cutoff date. That’s lower than the vacancy rate in Invitation Homes’ previous SFR securitization in 2014, which was 5.1%, but still far above the vacancy rate of any of the other rental securitizations this year.
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KBRA rates third Invitation Homes single-family 2014-SFR2

Trey Garrison
Kroll Bond Rating Agency assigns preliminary ratings to six classes of Invitation Homes 2014-SFR2 single-family rental pass-through certificates.
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Vacancies drop in Invitation Homes rental securitization

Reverses previous month’s surge
Ben Lane
"With initial lease expirations peaking in May and June 2014 (23.3% of all properties in the pool had leases expiring through May 2014 and 34.3% through June 2014), Morningstar expects the month-end vacancy rate to stabilize and to potentially decline," Morningstar said in its update.
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