Ballooning single-family rental portfolios increasingly becoming REITs: VIDEO

New York /
Jan.January 09, 2013 12:30 PM

Single-family rentals, traditionally the domain of mom-and-pop investors, are increasingly being snapped up by real estate investment trusts, CNBC reported.

Investors are scouring the market for single family homes to buy, and sometimes turn their ballooning holdings into real estate investment trusts. These trusts employ teams to acquire, market and rent homes. Two REITs, Silver Bay Realty Trust and Altisource, recently went public.

“This is a generational opportunity to really institutionalize a business that’s been around for a very long time,” said Aaron Edelheit, CEO of American Home Real Estate Investment Trust, which has more than 2,000 single family rentals in its portfolio.

Before the foreclosure crisis, roughly 60 million single family rentals were on the market. A KPW report states that between $6 billion and $9 billion has been raised or committed to purchase assets, which would account for between 40,000 to 90,000 properties, or 15 percent of the total number of foreclosed homes. [CNBC]Hiten Samtani


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Northwind's Ran Eliasaf, 125 Greenwich and Bizzi & Partners’ Davide Bizzi
125 Greenwich is back in the game: Supertall condo lands financing
125 Greenwich is back in the game: Supertall condo lands financing
Vornado's Steve Roth with 1540 Broadway
Vornado writes down portfolio by $600M
Vornado writes down portfolio by $600M
Was the mortgage spike real? Applications level off
Was the mortgage spike real? Applications level off
Was the mortgage spike real? Applications level off
99 Washington Street (Google Maps, Getty)
Distressed FiDi Holiday Inn greenlit for migrant shelter
Distressed FiDi Holiday Inn greenlit for migrant shelter
Boston Properties' Owen Thomas (Boston Properties, Getty)
The commercial real estate recession is here: Boston Properties
The commercial real estate recession is here: Boston Properties
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...