RT Journal Article
SR Electronic
T1 Single-Family Rental Securitization: <em>The Evolution of a New and Growing Asset Class</em>
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 15
OP 19
DO 10.3905/jsf.2015.21.3.015
VO 21
IS 3
A1 Lorenz Schwarz
A1 Laura Ferris
YR 2015
UL https://pm-research.com/content/21/3/15.abstract
AB This article discusses the origins of the single-family rental (SFR) securitization market, the dynamics driving its growth, and how that market is continuing to evolve. It describes how foreclosures during the financial crisis created new interest in single-family rental properties from institutional investors; how some leading investors saw the potential for a new institutional asset class; single-borrower securitization transactions over the past two years; the first few multi-borrower securitizations; differences between single- and multiple-borrower deals; and the long-term sustainability of the SFR asset classTOPICS: MBS and residential mortgage loans, CMBS and commercial mortgage loans