Are Rising Rents Too Much of a Good Thing?

Oct 19, 2012 12:18 PM, By Bendix Anderson, Contributing Writer

It seems like such good news—apartment rents are rising faster than inflation. That means more profits for real estate investors.

But there’s also a risk. When rents rise faster than the paychecks of your residents, then that puts pressure on their budgets. Eventually they may look for other options. If you’ve carefully marketed your apartment community to a certain set of residents—say retirees or workers at the local hospital—it’s bad news for you if those people can no longer afford… [Full Article]

New Financing Facility Bolsters Waypoint’s Push into Single-Family Rentals

Oct 9, 2012 11:23 AM, Staff Reports

Waypoint Real Estate Group, which has acquired 2,000 single-family homes since early 2009, has received a $245 million revolving credit facility that will support the continued expansion of a growing portfolio of single family rental homes.

Waypoint is part of a broader trend of large investors attempting to buy up houses in bulk in hopes of institutionalizing the single-family rental market.

The new facility was lined up by members of SNR Denton’s capital markets practice along with Citi.

The facility is for Waypoint’s partnership with Menlo Park, Calif.-based GI Partners. The two entities signed a deal…[Full Article]