Investors pile in at bottom of Invitation Homes deal

By Ryan Bolger
31 Mar 2015

The bottom tranches of Invitation Homes’ latest single-family rental securitization were seven times oversubscribed on Tuesday. Meanwhile, investors set their sights on the market’s first multi-borrower deals.

The Invitation Homes deal totals $604.851m and was priced at 135bp over Libor for its top triple-A rated top tranche and 315bp for its BBB- Class E notes. JP Morgan structured the deal, while Deutsche Bank and Goldman Sachs were co-lead bookrunners. 

Hedge funds and money managers in the ...

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