Goldman said to lead next rental payment bond

|By:, SA News Editor

Another securitization of single-family rental payment streams moves nearer as American Homes 4 Rent (AMH +1.1%) has reportedly chosen Goldman Sachs to arrange the deal.

This one comes just three months after Blackstone completed the first of its type.

Founded by self-storage kingpin Wayne Hughes, AMH has more than 21K rental homes across the country - 2nd only to Blackstone - and the size of the securitization deal could be as much as $500M. The success of this and other deals promises a steady stream of cheap financing for those in the single-family rental business.