Sandeep Bordia, head of research and analytics at Amherst Capital Management LLC Sandeep Bordia, head of research and analytics at Amherst Capital Management LLC

NEW YORK CITY—Institutional investment in the fledgling single-family rental market continues to grow and is now valued at more than $33 billion.

A report on the single-family rental home market released on Monday by Amherst Capital Management LLC indicates that institutional ownership of single-family rental homes surpassed 200,000 units in 2016. Institutional investment reached a record $33.279 billion at the end of last year.

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