Rental Home Giants Launch Trade Group

WASHINGTON, DC—As one of its founding members markets a $513.6-million bond issue backed by mortgages on single-family homes, a trade group has launched to advocate for the interests of owner-operators of professionally managed single-family rental homes. The National Rental Home Council, headquartered in Washington, DC, says it seeks to educate the public, the media and policymakers about “the economic value of the industry and the benefits of large-scale, well-managed single-family rental housing platforms.”

At present, such institutional platforms control about 200,000 of the 14 million single-family rentals across the US, according to the NRHC. Bloomberg reported that REITs, private equity firms and hedge funds have spent more than $20 billion to acquire the homes since the 2008 downturn.