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0 -0.00044732721986124 -0.00044732721986124 -0.000670990829792018 -0.00178930887944528 -0.00670990829791986 -0.00738089912771188 -0.00738089912771188
Stock impact report

Blackstone’s Canadian housing cousin says rentals just heating up [Business News Network (BNN) Energy & Resources (Canada)]

Invitation Homes Inc. (INVH) 
Last invitation homes inc. earnings: 2/18 04:15 pm Check Earnings Report
US:NYSE Investor Relations: invitationhomes.com/about-us
Blackstone’s Canadian housing cousin says rentals just heating up Last quarter, Tricon Capital Group Inc. used proprietary software to scrape 100,000 house listings in the U.S. Sunbelt states. It put offers on 1,500 and ended up buying about 400. This quarter, the Canadian firm expects to buy up to 600 more. Tricon has become the third-largest publicly listed landlord of U.S. single-family rentals by snapping up homes from Arizona to Florida. It now ranks behind Invitation Homes Inc., backed by Blackstone Group LP, and American Homes 4 Rent in a market it says is valued at about $3 trillion and is still largely owned by individual investors. The demand “feels like it’s insatiable,” Tricon Chief Executive Officer Gary Berman said in an interview in Bloomberg’s Toronto office. “Sixteen million American households rent single-family homes. So put that into perspective. That’s bigger than the entire Canadian housing market.” Tricon is aiming to double its assets under management to US$10 Show less Read more
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