American Residential downgraded at BAML

|About: American Residential Pro... (ARPI)|By:, SA News Editor

Underperforming in the single-family housing sector today is American Residential Properties (ARPI -2%) after a cut to Underperform at BAML.

Like others in the business, the company is looking for reasonably priced sources of fresh capital and - amid its Q4 results last week - disclosed it's tapped Deutsche Bank to lead a $300M securitization deal for its rental income. Deutsche, of course, led the first such securitization - one from Blackstone late last year.

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