SFR

KBRA Releases Research – SFR Securitizations: A Decade in the Making

Retrieved on: 
Tuesday, September 6, 2022
Professional Services, Finance, Research, KBRA, SFR, Financial services

KBRA releases research that gives an overview of the single-family rental (SFR) securitization sector.

Key Points: 
  • KBRA releases research that gives an overview of the single-family rental (SFR) securitization sector.
  • Since the inaugural transaction in November 2013, the sector has generated $76.1 billion of securitization issuance across 135 transactions backed by approximately 414,000 properties through August 2022.
  • Transaction structures and waterfalls have since been largely standardized, although some new structural features have been occasionally introduced.
  • It also examines commonly found loan and securitization structural features, new issuance credit metrics and trends, as well as property, loan, and ratings performance trends post issuance.

SES Risk Solutions and Latchel Partner to Curb Rising Property Insurance Costs for SFR Property Managers and Landlords

Retrieved on: 
Tuesday, August 30, 2022
Commercial Building & Real Estate, Software, Construction & Property, Insurance, Professional Services, Technology, REIT, Residential Building & Real Estate, Partnership, CEO, Technology, Program, SFR, Insurance, Strategic partnership, Maintenance, Overalls, Policy, SVP, Partner, Digital integration, SES, REI, Automation, Industry

As the SFR industry continues to grapple with rising costs and compressed margins, SES Risk Solutions and Latchel have partnered to create a unique program offering designed to curb the cost of property insurance for investors and property managers.

Key Points: 
  • As the SFR industry continues to grapple with rising costs and compressed margins, SES Risk Solutions and Latchel have partnered to create a unique program offering designed to curb the cost of property insurance for investors and property managers.
  • SES is committed to forming strategic partnerships that drive actual tangible value to residential property managers and investor clientele of all sizes.
  • SES has created one of the most innovative insurance solutions to enable third-party property managers to create new revenue streams while increasing their landlord retention, said Ethan Lieber, CEO of Latchel.
  • SES is taking insurance out of the dark ages and utilizing digital integrations to allow property managers and landlords to access market-leading carriers.

Appreciate-Managed SFR Securitization Receives AAA-Rating From Moody’s and DBRS Morningstar

Retrieved on: 
Thursday, August 25, 2022
Machine learning, Partnership, SFR, NASDAQ, AAA, Appreciation, API, GLOBE, DBRS, LLC, RW, Ecosystem, Acquisition, Industry, Financial services

The securities rated by Moodys and DBRS Morningstar are backed by one loan which is secured by mortgages on a pool of approximately 846 SFR properties.

Key Points: 
  • The securities rated by Moodys and DBRS Morningstar are backed by one loan which is secured by mortgages on a pool of approximately 846 SFR properties.
  • As one of Pagayas key acquisition and management partners, Appreciate manages properties for Pagaya through its operating company subsidiary.
  • The AAA-rating of Pagayas SFR securitization is yet another milestone for the industry and another confirmation of the value Appreciate provides to its institutional and retail clients.
  • Appreciate, the parent holding company of Renters Warehouse , is a leading end-to-end SFR marketplace and management platform.

From Wallets and Cars to Homes: Pagaya’s Services Enhance the Rental Living Experience

Retrieved on: 
Thursday, August 25, 2022
Other Professional Services, Construction & Property, Insurance, Finance, Building Systems, Professional Services, Other Construction & Property, Residential Building & Real Estate, Machine learning, Technology, A.I, SFR, NASDAQ, Housing association, PATH, AAA, Appreciation, API, Intelligence, DBRS, Housing, Company, Ecosystem, Renting

identifies opportunities to expand quality home rental access by using its vast data network to pinpoint markets and select and renovate homes for tenants.

Key Points: 
  • identifies opportunities to expand quality home rental access by using its vast data network to pinpoint markets and select and renovate homes for tenants.
  • In doing so, renters are able to access a better living experience while they work towards building credit and purchasing power, setting them on the path towards home ownership.
  • At scale, this mirrors Pagayas core mission: to expand access to credit and housing to more people through its A.I.
  • The securities rated by Moodys and DBRS Morningstar are backed by a pool of 846 single family rental properties.

Flock Homes named "Investment Management Platform of the Year" in 2022 PropTech Breakthrough Awards Program

Retrieved on: 
Thursday, August 18, 2022
Property technology, City, CEO, Technology, Financial technology, Investment, Sale, Leadership, Creativity, Income, Flock (messaging service), Vacation rental, Maintenance, Ownership, SFR, Solution, Aggregation, Property, Property management, Wool, Insurance, Flock

LOS ANGELES, Aug. 18, 2022 /PRNewswire-PRWeb/ -- PropTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products and services around the globe, today announced that Flock Homes, has been selected as "Investment Management Platform of the Year" in the 2022 annual PropTech Breakthrough Awards program. Flock is a Series A Fintech startup, led by CEO and Founder, Ari Rubin, on a mission to build a better way to own real estate, starting with single-family rentals ("SFR").

Key Points: 
  • LOS ANGELES, Aug. 18, 2022 /PRNewswire-PRWeb/ -- PropTech Breakthrough , a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products and services around the globe, today announced that Flock Homes , has been selected as "Investment Management Platform of the Year" in the 2022 annual PropTech Breakthrough Awards program.
  • With Flock, owners maintain all the benefits of traditional real estate investing, including regular income and long-term appreciation - without the burdens.
  • For more information, visit PropTechBreakthrough.com
    Flock Homes is a real estate technology firm bringing sophisticated investing approaches to individual rental property owners.
  • Flock's digital platform allows owners to simply and seamlessly convert rental properties into shares in a managed portfolio of homes to optimize ownership and performance.

SFR Industry Veteran Fred Tuomi Joins AvantStay's Board

Retrieved on: 
Tuesday, August 16, 2022
Property technology, Multimedia, Association, City, Travel, Lead, Industry, CEO, Violence, Audit, Norwest Venture Partners, Technology, Growth, Leadership, Second Avenue, Professional Football Compensation Committee, AUM, LOS, Lessines, Strathclyde Fire and Rescue Service, Equity Residential, Founder, Institutionalisation, Tuomi, STR analysis, Real estate, REIT, Invitation Homes, SFR, Marriott International, STR, National, Ota, Ogun, Management, Property management, Online shopping

LOS ANGELES, Aug. 16, 2022 /PRNewswire/ -- AvantStay, the premier hospitality platform transforming short-term rentals for the way people travel and invest today, announces that Fred Tuomi, former CEO of Invitation Homes Inc. and a preeminent investor, board member, and leader in the real estate industry, has joined its board. Tuomi will work with AvantStay to provide leadership and capital market guidance to help the company bring institutional capital to short-term rentals (STRs) as the next disruptive asset class.

Key Points: 
  • We are proud that Fred has recognized the value of AvantStay's business model, and his appointment to our board signals the strong future of the short-term rental market."
  • Prior to its merger with Invitation Homes, Tuomi served as Chief Executive Officer and Director of Starwood Waypoint Homes.
  • "I firmly believe STRs are the next market for institutional investment andgrowth in the real estatesector," said Tuomi.
  • Mr. Tuomi also serves as an affiliate partner for the private equity firm Lindsay Goldberg as an advisor to Second Avenue, an integrated SFR platform.

Sandfire Resources America Inc. Reports High Grade Copper Intersections at the Black Butte Copper Project

Retrieved on: 
Tuesday, August 16, 2022
Bangladesh Petroleum Exploration and Production Company Limited, Mine, Montana Department of Natural Resources and Conservation, GLOBE, Qualified person (European Union), Australian Securities Exchange, ICP, FORCE America, Inc., AA, Environment, ASX, CRM, Engineering, Company, Technical report, CU, Certified reference materials, Program, Copper, QA/QC, Environmental quality, Element, Intercepting filter pattern, News, Gold, XRF, SFR, ALS, Mining, Medical device, Printed circuit board, Civil engineering

WHITE SULPHUR SPRINGS, Mont., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (Sandfire America or the Company) is pleased to report diamond drill results of the successful 2021-2022 Lowry Resource Definition core drilling program on its Black Butte Copper Project.

Key Points: 
  • WHITE SULPHUR SPRINGS, Mont., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (Sandfire America or the Company) is pleased to report diamond drill results of the successful 2021-2022 Lowry Resource Definition core drilling program on its Black Butte Copper Project.
  • Several holes intercepted copper mineralization above the LMCZ in the Lowry Upper Copper Zone (see results for SC21-264, SC21-266 and SC21-268).
  • Sandfire Resources America Inc. Senior VP Jerry Zieg commented: The success of this drill program increases the scale and quality of the Lowry copper deposit and adds significant value to the Black Butte Copper Project.
  • The Black Butte Project is a sediment-hosted high-grade copper project in Meagher County in West-Central Montana.

SK invests in Bill Gates' TerraPower to accelerate transition to net zero

Retrieved on: 
Monday, August 15, 2022
Multimedia, Steam, Climate change, U.S. Department of Energy, Office of Inspector General, Drug discovery, Carbon, NEW, Technology, Actinium-225, Investment, Cancer, Pillsbury Winthrop Shaw Pittman, SK, SK Group, Microsoft, Clean and Environmentally Safe Advanced Reactor, LLP, CMO, U.S. Department of Defense Strategy for Operating in Cyberspace, Partnership, Nuclear fission, Safety, Electricity, TAT, SMR, Sodium, SFR, Solution, TerraPower, Renewable energy, Lithium

SK announced on August 16 that SK and Bill Gates co-led $750 million in fundraising for TerraPower, a US-based SMR developer.

Key Points: 
  • SK announced on August 16 that SK and Bill Gates co-led $750 million in fundraising for TerraPower, a US-based SMR developer.
  • With the close of a $250 million investment, SK has become a large shareholder of TerraPower, founded by Bill Gates.
  • Along with its investments in TerraPower, SK plans to continue its business innovation and technology development to contribute to reducing global carbon emissions.
  • "TerraPower is committed to solving some of the toughest challenges that face this generation through innovation," said TerraPower President and CEO Chris Levesque.

MCS Opens Self-Performing Service Center in Phoenix Metro

Retrieved on: 
Thursday, August 11, 2022
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Multimedia, Property, CEO, Technology, Growth, Project, OH, Company, Lighting, Purchasing management, Â, Maintenance, Quality control, Swimming pool service technician, Commercial, SFR, Solution, Housing, Efficiency, Commercial property, NTT Communications Shining Arcs, Property management, MCS, Phoenix

MCS (the Company), one of the nations leading providers of property services, has opened a self-performing service center in the Phoenix, AZ metro.

Key Points: 
  • MCS (the Company), one of the nations leading providers of property services, has opened a self-performing service center in the Phoenix, AZ metro.
  • View the full release here: https://www.businesswire.com/news/home/20220811005591/en/
    MCS has opened a self-performing service center in the Phoenix, AZ metro.
  • Led by a local Market Director, the Phoenix metro service center operates a team of Project Managers and Coordinators, Purchasing Managers, Inspectors, Estimators and Service Technicians.
  • When fully staffed the MCS service center will employ up to 30 or more individuals, helping support the local community through new jobs and economic investment.

Roofstock Acquires Leading Tenant Screening Company RentPrep

Retrieved on: 
Thursday, August 4, 2022
Fair Credit Reporting Act, CEO, Technology, Investment, Lightspeed Venture Partners, Forbes, Acquisition, Khosla Ventures, FCRA, News, Tenant, Software, SFR, Solution, API, Bain Capital Ventures, Property management, Cryptocurrency, Stessa spiaggia, stesso mare, Great Jones, Roofstock

OAKLAND, Calif., Aug. 4, 2022 /PRNewswire/ -- Roofstock, the leading digital platform for buying, selling, and managing single-family rental (SFR) investments, today announced it has acquired RentPrep, a tenant screening company used by over 100,000 landlords. This transaction follows Roofstock's recent acquisitions of Great Jones and Stessa, as Roofstock continues to deliver tech-enabled solutions designed to make investing in the $4 trillion SFR market radically accessible and efficient for both individual and institutional investors. 

Key Points: 
  • OAKLAND, Calif., Aug. 4, 2022 /PRNewswire/ -- Roofstock , the leading digital platform for buying, selling, and managing single-family rental (SFR) investments, today announced it has acquired RentPrep , a tenant screening company used by over 100,000 landlords.
  • RentPrep is a comprehensive, digital tenant screening company that allows landlords and property managers to efficiently perform credit, criminal, and other background checks.
  • "RentPrep has digitized the tenant screening process to finally offer a technology solution in a space that has been desperately lacking innovation," said Gary Beasley, CEO and co-founder of Roofstock.
  • RentPrep is a leading provider of national tenant screening and background check services for individual and institutional real estate investors.