Items Tagged with 'single-family rental securitizations'

ARTICLES

  • Moody’s: Invitation Homes, Starwood Waypoint merger good for investors, but risks remain

    SFR securitization investors stand to gain from improved “economies of scale”
    Investors who bought into the single-family rental securitizations from Invitation Homes and Starwood Waypoint Homes stand to gain from the recently announced merger of the two SFR giants, but the deal is not without some inherent risk, Moody’s Investors Service said in a new report.
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  • Massive single-family rental merger: Tricon Capital to acquire Silver Bay Realty Trust for $1.4 billion

    Will create 4th largest publicly owned single-family rental operator
    In a deal that will shake up the single-family rental industry, Tricon Capital Group announced this week that it plans to acquire Silver Bay Realty Trust in a $1.4 billion deal that will create one of the country’s largest operators of single-family rental homes.
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  • Blackstone's Invitation Homes prepares $1.5 billion IPO

    Will sell 77 million shares in single-family rental operator
    The initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, is one step closer to reality, as the company disclosed the terms of its initial public offering on Monday. Per a filing with the Securities and Exchange Commission, Invitation Homes will offer 77 million shares in its IPO, with an estimated share price of between $18 and $21 per share.
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  • Blackstone reportedly files to take Invitation Homes public

    WSJ reports IPO could raise $1.5 billion
    Blackstone Group is apparently moving forward in its plans to take its single-family rental unit, Invitation Homes, public in 2017. The Wall Street Journal is reporting that Blackstone is taking the next step in the process, reportedly filing confidentially for an IPO that could come “as soon as January.”
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  • 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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