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single-family-home

Stay-at-home orders tied to the COVI/D-19 pandemic have not tamped down the demand for single-family house rentals, executives from two REITs said in recent first-quarter earnings calls.

Dallas Turner, president and CEO of Invitation Homes, said occupancy climbed to a record-high 97.2% in April as the company increased its access to working capital and paused sourcing new acquisitions to be ready for the pandemic’s many uncertainties.

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Cheryl Miller

Cheryl Miller, based in Sacramento, covers the state legislature and emerging industries, including autonomous vehicles and marijuana. She authors the weekly cannabis newsletter Higher Law. Contact her at [email protected]. On Twitter: @CapitalAccounts

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