Private equity firm Blackstone broke new ground last fall when it launched the first residential mortgage backed securities (RMBS) of single-family rental homes. The industry has been keeping close tabs on early performance indicators for the nearly $500 million Invitation Homes securitization. Although it is still early days since the bonds began selling in November, performance data indicates that the Invitation Homes portfolio has seen an uptick in vacant and delinquent properties and a ...
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