NEWS BRIEFS
NATIONAL UPDATES
owned a high-quality portfolio of homes that fit strategically in our markets,” Singelyn said. American Homes 4 Rent now owns more than 47,000 homes in 22 states with at least 1,000 homes in each of 17 markets across the country, representing about 81 percent of the homes in all markets, and at least 2,000 homes in each of eight markets, the company said. • CORELOGICREPORTS 1MILLION U.S. BORROWERSREGAINED EQUITYIN2015 Analytics and data provider CoreLogic reports that 1 million borrowers regained equity in 2015, bringing the number of mortgaged residential properties with equity at the end of Q4 2015 to some 46.3 million, or 91.5 percent of all mortgaged properties in the United States. Nation- WEB :: www.americanhomes4rent.com
INVESTORS STILLOPTIMISTIC BUTTAKING STEPSTO ‘DE-RISK’ PORTFOLIOS, SURVEYFINDS KPMG 'S 2016 Real Estate Industry Outlook Survey finds investors still are optimistic about the U.S. real estate market, with 91 percent expecting real estate fundamentals to be about the same or better during 2016, compared to last year. However, the survey also found that investors are growing cautious
MAY 16-18 4th Annual Single Family Rental Investment Forum (East) Sponsored by IMN Miami, Fla. www.imn.org MAY 26-28 15th Annual MrLandlord.com National Convention Sponsored by MrLandlord.com St. Louis, Mo. www.mrlandlord.com UPCOMING EVENTS
about the longevity of the cur- rent expansion cycle and, as a result, are taking steps to "de-risk" their portfolios. "Investors are becom- ing more cautious in their decision-making as we near the end of the economic cycle, leading to changes in operations,
JUNE 2-3 2nd Annual Real Estate Private Equity Forum on Senior Housing
Sponsored by IMN Santa Monica, Calif. www.imn.org
portfolio management decisions and the timing of their investments," Greg Williams, KPMG’s national sector leader for build- ing, construction and real estate, said in a news release. "They need to be prepared for the coming change in momentum." In the KPMG survey, only 8 percent of investors said they will enter newmarkets, down from 28 percent last year. To view the full report: www.kpmg. com/US/en/industry/building-construc- tion-real-estate/Documents/kpmg-real- estate-outlook-survey-2016.pdf • AMERICAN HOMES 4 RENT, AMERICAN RESIDENTIAL PROPERTIES MERGE AMERICAN HOMES 4 RENT and AMERICAN RESIDENTIAL PROPERTIES have completed their merger, “further establishing American Homes 4 Rent as the largest publicly traded owner and op- erator of single-family rental homes,” ac- cording to American Homes 4 Rent CEO David Singelyn. Corporate headquarters will remain in Agoura Hills, Calif. “American Residential Properties
wide, borrower eq- uity increased year- over-year by $682 billion in Q4 2015, CoreLogic said in a news release. The company’s analysis also showed approximately 120,000 properties lost equity in the fourth quarter last year compared to the third quarter. The 4.3 million mortgaged
JUNE 17-18 Think Realty Expo Baltimore, Md. www.thinkrealty.com/events
JUNE 13-14 17th Annual U.S. Real Estate Opportunity & Private Funds
Investing Forum Sponsored by IMN New York www.imn.org
AUGUST 11-13 Think Realty Global Conference & Expo San Francisco, Calif. www.thinkrealty.com/events
residential properties with negative equity (also referred to as “underwater” or “upside down” homes) at the end of the fourth quarter last year represented a 2.9 percent increase over the third quarter. Home equity in the last quarter of 2015 increased by double digits for the 13th consecutive quarter, according to Core- Logic’s analysis. •
To list your upcoming event in our July/ August issue, please email the details, along with your contact information, to lwienandt@thinkrealty.com by May 6.
WEB :: www.americanhomes4rent.com
10 | think realty magazine | may :: june 2016
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