The largest landlords of single-family rental homes form trade group

The nation’s largest group of landlords owing single-family rental homes has formed a new trade group called the National Rental Home Council.

Colony American Homes, Invitation Homes, American Homes 4 Rent, and Starwood Waypoint Residential Trust are the founding members of the new group. While small real estate investors own the majority of the 14 million single-family rental homes, the institutional investor-owned portion represents about 200,000 homes.

The new group will serve as a resource for media, policymakers, industry leaders, local officials and others who want to gain a better understanding of the industry.

“Rental demand in communities across the country is strong,” Gary DeLapp, president of Invitation Homes, said in a release. “Our members are professionalizing the market, offering high-quality, professionally managed single-family rental homes to residents and families looking for an alternative to buying a house or renting an apartment.”

“Our  investment  in  local  communities  helps  to  create  new  jobs  through  renovation  and  property  management,  and  drives  economic  growth  by  providing  income  for  local  businesses  and  tax  revenues  for  state  and  local  governments,” Justin  Chang,  CEO  of  Colony  American  Homes, said in a release.  “Furthermore,  our  investment  in  local  communities  contributes  to  a  vibrant  and  stable  single-family rental market nationwide.”

Colony American Homes and others have begun marketing bonds backed by these rental properties.

Read the full press release here.