Colony American Homes has completed a securitization transaction backed by income generated from almost 3,400 single-family rental homes.
The Scottsdale, Ariz.-based company sold $513 million in bonds with a blended London InterBank Offered Rate plus 178 basis points.
"This securitization further validates the
CAH is one of a
The plan is "to actively acquire homes" in selected markets, according to Chen, and maintain its existing portfolio of more than 16,000 rental homes in Arizona, California, Colorado, Florida, Georgia, Nevada and Texas.