The Real Deal Miami

Ballooning single-family rental portfolios increasingly becoming REITs: VIDEO

January 09, 2013 02:15PM

Aaron Edelheit

Single-family rentals, traditionally the domain of mom-and-pop investors, are increasingly being snagged 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. [more]