American Homes 4 Rent preps first rental bond

The company has been in investor meetings this week making the case for its single-family rental business, say sources, setting the stage for its first securitization of rental payments.

No details are available yet, but it's expected American Homes 4 Rent (AMH) will pitch the new paper at an ABS conference in Vegas later this month.

As of the end of Q3, AMH had a $3.5B portfolio of 21K foreclosed homes purchased for the purpose of renting them out. As comparison, Blackstone - which successfully launched a $479M bond late last year - has over 40K homes. These securitizations will provide another cheap source of capital for the single-family players, allowing them to be even more aggressive in their purchases of homes.

Others: SBY, ARPI

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs