Green River Capital has rolled out a new surveillance service for single-family rental properties called Retail Asset Management & Performance.
The service provides clients performance data on securitizations, managers, borrowers and properties, according to a July 28 news release. This allows portfolio owners, property managers, investors, servicers and other consumers to monitor rental portfolio performance.
In the overview RAMP provides, customers can learn the number of units, vacancy rates, debt payments per property, gross potential and net monthly income to gauge property-level performance. RAMP users can also create a time series to determine which properties generate enough income to meet monthly costs.
Additionally, RAMP collects data from multiple sources, and its reports can be customized and exported.
"The success of the single-borrower deal has emboldened the market to expand lending options to smaller property owners but, at the same time, this has also created challenges in terms of reporting, surveillance and vendor management," said Tim Reilly, president of Green River Capital, in the release.
"RAMP is fully operational; its surveillance tools give all stakeholders a granular view of their portfolios allowing them to see performance of individual properties within large and diverse portfolios."
