Where Wall Street Is Most Likely to Cash Out of the Single Family Rental Market - Seite 2

Properties purchased by Colony American Homes over the past three years have the highest percentage return on gained equity among these top five buyers, with 28 percent, followed by Blackstone/Invitation Homes at 23 percent, American Homes 4 Rent at 23 percent and Fundamental REO/Progress Residential at 13 percent.

Properties purchased by Blackstone/Invitation Homes over the past three years have the most potential dollar value in gained equity, $523 million, followed by American Homes 4 Rent ($409 million), Colony American Homes ($198 million) and Fundamental REO/Progress Residential ($67 million).

When broken down by further by year of purchase, the highest potential percentage return on gained equity were for properties purchased in 2012 by Colony American Homes (42 percent), properties purchased in 2012 by Fundamental REO/Progress Residential (38 percent), properties purchased in 2012 by American Homes 4 Rent (32 percent), and properties purchased in 2012 by Blackstone/Invitation Homes (31 percent).

Local broker insights
"With the pop in prices last year and normal historical price increases this year, investors are testing the market with their inventory."
-Mike Pappas, CEO and president of Keyes Company, covering the South Florida market.

"During 2014, Ohio has been the benefactor of interest for many large intuitional investors. An increasing job market, coupled with modest previous month-over-month price increases, has provided a positive return for institutional investors taking advantage of a high demand rental and sales market. While we have noted some limited sales activities with institutional investors looking to take advantage of increased equity due to the rising prices of inventory, many appear to be continuing to hold on to assets in receipt of growing rental returns, and the forecast of continued growth in equity over the next two to three years."
-Michael Mahon, executive vice president and broker at HER Realtors, covering the Columbus, Cincinnati and Dayton, Ohio markets.

"We are starting to see institutional investors release their hold-and-rent inventory back into the market as prices reach near peak prices."
-Chris Pollinger, senior vice president at First Team Real Estate, covering the Southern California market.

Biggest potential equity returns in Delaware, California, Oregon, New York, Colorado
States with the most institutional investor purchases with price and value information available over the past three years were Florida, Georgia, California, Texas, North Carolina, Arizona and Illinois -- all with more than 10,000.