Companies that manage single-family rentals have their own trade group: the National Rental Home Council (NRHC).
Just as the sector branches out into securitizing its rental flows, Colony American Homes, Invitation Homes, American Homes 4 Rent, and Starwood Waypoint Residential Trust have formed the association.
Blackstone unit Invitation Homes broke ground for the asset class when
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Characterizing the industry’s role in the U.S. housing market as “small but critical,” the NRHC estimated that there are roughly 200,000 homes that are managed by professional firms and owned by institutional investors. The country has 14 million homes overall.
The NRHC’s formation comes amid growing questions about the sector’s potentially destabilizing impact on the country’s housing market. Last January Rep. Mark Takano (D-CA) sent a letter to House Financial Services Chairman Jeb Hensarling and Ranking Member Maxine Waters requesting