The financialization of single-family rental housing: An examination of real estate investment trusts’ ownership of single-family houses in the Atlanta metropolitan area

Real estate rental market: a 10-year bibliometric-based review

“…Both Nethercote (2018) and Migozzi (2020) studied the financialization process of the rental housing market. Single-family rental housing is an increasingly prevalent form of housing tenure in the suburban neighbourhoods of the US (Charles, 2019a(Charles, , 2019b. Furthermore, at the macro level of the RERM, three studies describe three special views of rental housing development (Christophers, 2019;Clegg, 2019;Todes & Robinson, 2019).…”

“Our Customer Is America”: Housing Insecurity and Eviction in Las Vegas, Nevada’s Postcrisis Rental Markets

“…These local entities can be particularly hard to track using administrative data, given the sometimes inductive nature of this research; the names of these parties are not the subject of national media attention and they often utilize multiple shell companies to disguise their holdings. There is, however, an increasing and increasingly rich set of studies bringing machine learning and other types of advanced data science techniques to the application of studying property ownership and housing insecurity, suggesting both greater efficiencies and deeper insights into property dynamics (Charles, 2019b;Immergluck et al, 2019;Maharawal & McElroy, 2018;Shelton, 2018;Wachsmuth & Weisler, 2018).…”

“…Progress Residential acquired nearly 1,500 homes through 2019, and American Homes 4 Rent acquired nearly 1,000 in the same period. The number of properties purchased by these corporate landlords in Las Vegas are not as high as in the Atlanta metro area, which appears to exhibit the greatest absolute number of acquisitions by nationally active corporate landlords (Charles, 2019b), but they represent a substantial concentration given the smaller number of single-family homes.…”

“…Whereas this is a small fraction of the roughly 12 million single-family detached homes rented nationwide (U.S. Bureau of the Census, 2017), they are geographically concentrated in housing markets that were hit hard by the foreclosure crisis but where home prices were predicted to rebound, particularly in parts of the Southeast and West. The Atlanta metro area appears to have the greatest absolute number of acquisitions by these investors among metro areas (Charles, 2019b). Other places with large numbers include Phoenix, Tampa, Las Vegas, and Houston (Fields et al, 2016).…”

“…To construct the relevant data set, we iterated through tax assessor files for 2008-2019 to identify single-family homes owned by one of our named corporate landlords. 7 We selected named entities for analysis based on prior research identifying nationally active corporate landlords (Charles, 2019b;Raymond et al, 2018), as well as through an analysis of post-2008 Clark County real estate transactions drawing on sales data also obtained from the county assessor's office. We were thus able to identify four large Las Vegas-based single-family landlords building inventory through foreclosure sales: King Futts PFM, SFR Investments Pool, Amwest Properties, and Saticoy Bay.…”