- Pricing on all but the deal's top tranche is reportedly 15-50 basis points wider than the whispers, but the AAA piece is in line in the area of Libor +100 bps.
- Blackstone's (BX) Invitation Homes launched the first-ever rental payment securitization late last year, and it's since been followed by one from American Homes 4 Rent.
- It was at first thought the securitization process would offer a cheap source of capital for institutional types to keep up their fast pace of single-family purchases, but for Blackstone, American Homes 4 Rent, and Colony American Homes - to name three - have slowed down considerably. "The institutional wave has passed," said the firm's global head of real estate Jon Gray two months ago.
From other sites
at CNBC.com (Jun 3, 2015)
at CNBC.com (Jun 2, 2015)
at CNBC.com (May 22, 2015)
at CNBC.com (Apr 8, 2015)
at CNBC.com (Jan 21, 2015)
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