REO-to-rental is about to see its first securitization, via Blackstone (BX). Per the WSJ:
Blackstone Group is in negotiations to bundle monthly rental payments on around 1,500 to 1,700 of its homes.
The bond comprised of the Blackstone homes would be structured and marketed to investors by Deutsche Bank AG, the people say.
Blackstone runs its real estate acquistion activity under the Invitation Homes brand.
