The National Rental Home Council is a new trade group created by major owner-operators in the single-family rental home industry.
The new group is a non-partisan coalition focused on increasing education about the professionally managed single-family rental industry and advocating for the benefits brought by the sub-sector of today’s estimated billion-dollar rental market.
Founding members include: Colony American Homes, Invitation Homes, American Homes 4 Rent and Starwood Waypoint Residential Trust.
“Rental demand in communities across the country is strong,” said Gary DeLapp, president of Invitation Homes.
“Our members are professionalizing the market, offering high-quality, professionally managed single-family rental homes to residents and families looking for an alternative to buying a house or renting an apartment,” DeLapp noted.
NRHC will serve as a resource for policymakers, media, market observers, industry leaders and local officials looking to gain a better understanding of the industry and the benefits it provides to residents, communities and local and national economies.
This evolving single-family rental home industry is growing as more residents and families are drawn to the attractive affordable and stable solution of rental housing.
“Our investment in local communities helps to create new jobs through renovation and property management, and drives economic growth by providing income for local businesses and tax revenues for state and local governments,” said Justin Chang, CEO of Colony American Homes.
“Furthermore, our investment in local communities contributes to a vibrant and stable single-family rental market nationwide,” Chang added.
This trade group comes on the heels of a new rise in the REO-to-rental asset class, where the sky is the limit.
"KBW analysts forecasting a nearly trillion dollar market when calculating the lingering possibilities that exist for single-family rental securitization deals," HousingWire previously reported back in November.
REO-to-rental as an asset class is a relatively new investment and it deserves the same scrutiny as any other investment opportunity. Investors at ABS Vegas in January far and away thought it is the class where there was going to be some of the greatest growth in 2014.