Silver Bay announces, Invitation Homes preps, ARPI slowed by Moody’s
Blackstone Group’s Invitation Homes has added a new deal to the securitization pipeline, as Silver Bay Realty Trust Corp markets its first single family rental deal this week. American Residential Properties Inc., another potential debut issuer, may also soon have a deal in hand – if they can overcome a snag with Moody’s Investors Service.
Silver Bay hopes to sell this week its first-ever securitization tied to 3,089 single family rentals in its portfolio. Silver Bay owned some 7,100 rental units at the end of last year. JP Morgan, Bank of America Merrill Lynch and Goldman Sachs will lead the