Over the past two years, Deutsche Bank estimates institutional investors have purchased 90,000 homes in the U.S., spending more than $15 billion. Of that, Blackstone has purchased 39,000 units at a cost of $7.3 billion. American Homes4Rent is next with 19,800 homes, spending $3.3 billion, followed by Colony Financial and Silver Bay, which have spent $2.2 billion and $1.1 billion, respectively.
Deutsche Bank expects $5 billion of securitized loan issuance in 2014 as it sees institutional money continuing to flow into the single-family rental market.