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Items Tagged with 'REO-to-rental'

ARTICLES

Progress Residential launching second single-family rental securitization

New offering larger than company’s first
After launching its first single-family rental securitization in September 2014, Progress Residential is prepping its second such offering, which will be larger than the company’s first securitzation. Progress Residential 2015-SFR1 is collateralized by a $563 million loan secured by first priority mortgages on 4,028 income-producing single-family homes.
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Invitation Homes prepping new single-family rental securitization

Company’s first in 2015 and fifth overall
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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Starwood Waypoint becomes latest to offer single-family rental bond

REIT launches first REO-to-rental securitization
Starwood Waypoint Residential Trust, which was spun off of Starwood Property Trust in January as a real estate investment trust, is prepping its first securitzation based on income-producing single-family rental homes. The offering represents a drastic shift for the REIT, which initially had no plans to securitize its investments.
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Progress Residential prices first REO-to-rental securitization

Pricing beginning to normalize in burgeoning asset class
In a sign that the REO-to-rental securitization market is beginning to normalize, Progress Residential 2014-SFR1 priced similarly to the last REO-to-rental securitization, American Residential Properties’ $342.67 million securitization.
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