Blackstone’s US rental unit chases European investors

rental
By Matthew Scully
28 Jul 2014

Blackstone Group’s rental home unit Invitation Homes may be opening up its latest securitization to the European market, two months after paying US investors more than anticipated for every tranche of its last deal.

Invitation Homes is returning to the capital markets for the third time since breaking new ground with the single-family rental securitization asset class in November. This week’s $700m deal, structured by Deutsche Bank, is backed by 3,750 properties with an average loan-to-value ratio of 79%, making it the ...

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