Items Tagged with 'single-family rental assets'

ARTICLES

Altisource Residential doubles single-family rental portfolio with $652 million deal

Agrees to buy 4,262 rental homes
When Altisource Residential said last year that it planned to grow its portfolio of single-family rental homes by 900% – from 2,516 to more than 25,000 – over the next few years, the company apparently wasn’t kidding. Altisource said Friday that it is buying a portfolio of 4,262 single-family rental properties for an aggregate purchase price of $652.3 million, a deal that more than doubles Altisource’s rental holdings.
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Colony Starwood Homes sells off massive non-performing loan portfolio

Announces sale of 1,675 non-performing loans for $265 million
One of the largest owners of single-family rental homes is getting out of the non-performing loan business, as Colony Starwood Homes announced Monday that it is selling off a massive portfolio of non-performing loans, basically closing the book on its NPL business.
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Nomura upgrades Altisource Residential on growing single-family rental business

Analysts bullish on company's potential for growth
Altisource Residential Corporation recently disclosed its second quarter financial results, reporting that it took a net loss of $63.5 million during the second quarter. But despite that loss, analysts from Nomura are bullish on the company’s future prospects. The reason? Altisource's growing single-family rental business.
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American Homes 4 Rent, American Residential Properties complete merger

A single-family rental giant is born
In a move that creates a giant in the single-family rental space, American Homes 4 Rent and American Residential Properties announced Tuesday that the companies finalized their merger. According to a release from the companies, the merger "enhances the size" of American Homes 4 Rent, which was already the "largest publicly traded single-family rental company."
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SMS Assist expands into single-family rental property management

Adds Mike Travalini as president of residential service team
SMS Assist, a mobile and cloud-based multisite property management company, announced its expansion into residential real estate with the creation of its residential service team. According to a release from the company, SMS Assist is launching its residential division with "major clients" already on board, including Colony Starwood Homes, Home Partners of America and others.
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Silver Bay Realty Trust CEO David Miller resigns

REIT names Thomas Brock interim president and CEO
Silver Bay Realty Trust, a real estate investment trust that focuses on single-family rental homes, announced Tuesday that David Miller, the company’s president, CEO and a member of its board of directors, is resigning, effective immediately.
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American Homes 4 Rent announces merger with American Residential Properties

Two of the fastest-growing companies in housing form SFR monolith
In a move that will create the largest publicly traded single-family rental home company, American Homes 4 Rent announced Thursday that it will merge with American Residential Properties. The merger will increase American Homes 4 Rent’s total single-family rental portfolio to 47,315 homes.
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HomeUnion expands again; begins lending to single-family rental investors

Investors can take out up to 10 GSE-backed mortgages
HomeUnion, an online real-estate investment management firm, is expanding from helping investors identify single-family rental properties to purchase to actually helping them buy the properties. HomeUnion announced Tuesday that it is launching a new division, HomeUnion Lending, which will focus on lending to single-family rental investors.
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B2R Holdings is now Lending.com

Company rebrands and plans to “revolutionize lending”
B2R Holdings, the parent company of B2R Finance and Dwell Finance, announced that it is rebranding and will now be known as Lending.com. According to a release from B2R, Lending.com is a “transformative technology platform designed to address industry fragmentation and offer a faster, lower-friction process for consumers, entrepreneurs and established businesses alike.”
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