"The single-family rental (SFR) market has evolved from an opportunistic trade into a durable, professionally managed segment of the U.S. housing ecosystem, shaped by affordability pressures, capital constraints, and the need for new supply. Few leaders have had a closer view of that evolution than Tim Reilly, Executive Vice President, Radian Real Estate Management LLC, who brings more than 30 years of experience across mortgage and real estate services and is widely regarded as a pioneer in institutional SFR."
"HousingWire: What key moments over the past 20+ years in SFR and BTR pushed you to rethink the structure of solutions that help support them? Tim Reilly: The single-family rental industry emerged out of the Great Financial Crisis, when large-sized investors began acquiring distressed homes in a market with few buyers. In many ways, these larger investors were the buyers of last resort in a free-falling housing market."
"In time, borrowing capital to purchase and repxr distressed properties evolved into its own asset class with the first single-borrower, single family rental capital markets offering known as IH-2013-1. Today, according to a recent article in the Wall Street Journal, institutional SFR owners account nationally for less than 2%-3% of the total housing market and represent fewer than 1 million homes out of more than 14+ million rental properties nationwide."
The single-family rental market transitioned from opportunistic buying into a professionally managed institutional segment driven by affordability pressures, capital constraints, and demand for new supply. The industry emerged after the Great Financial Crisis when large investors acquired distressed homes and eventually securitized single-borrower SFR offerings such as IH-2013-1. Institutional SFR ownership remains a small share of the overall housing market yet provides professionally managed detached housing and additional housing options for consumers. Independent diligence and valuation helped earn institutional trust. Discipline, transparency, and technology are positioned to shape the sector’s next era. Primary challenges include limited access to capital for first-time homeowners.
Read at www.housingwire.com
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