Colony markets new rental home bonds as subs widen out

rental
By Matthew Scully
17 Jun 2014

Colony American Homes, one of the US's largest institutional investors in single-family properties, is marketing its second sale of bonds backed by rental payments, as spreads on the firm’s first issuance widen in secondary trading.

The Colony Capital subsidiary is back in the market just two months after issuing its first deal with a new $558.5m transaction, CAH 2014-2. JP Morgan and Credit Suisse will serve as lead bookrunners to sell the notes, which are backed by rental receivables from 3,727 single-family properties, ...

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