Private Equity Giants Create New National Rental Home Council

---

Large private equity firms like Blackstone, Starwood and Colony Capital, who individually own massive portfolios of single-family rental homes across the U.S., announced this week the formation of the National Rental Home Council (NRHC), a non-partisan coalition focused on increasing education about the professionally managed single-family rental industry and advocating for the benefits brought by this sub-sector of today's rental market.
 
"Rental demand in communities across the country is strong," said Gary DeLapp, President of Invitation Homes. "Our members are professionalizing the market, offering high-quality, professionally managed single-family rental homes to residents and families looking for an alternative to buying a house or renting an apartment. The NRHC is an important step for the industry as it begins to engage with interested stakeholders and members of the public to educate them on this growing industry."
 
The single-family rental home industry fills a small but critical role in the national housing market, as more residents and families are drawn to the attractive, affordable and stable solution of rental housing.

Traditionally, one-third of American rentals have been single-family homes. The professionally managed single-family rental home industry that is institutional investor owned represents approximately 200,000 homes in a market of 14 million single-family rental homes.
 
Founding members of the Council include Colony American Homes, Invitation Homes, American Homes 4 Rent, and Starwood Waypoint Residential Trust. Together, these companies have invested billions in America's housing market, creating quality homes, jobs and economic activity in communities across the country.
 
"Our investment in local communities helps to create new jobs through renovation and property management, and drives economic growth by providing income for local businesses and tax revenues for state and local governments," said Justin Chang, CEO of Colony American Homes. "Furthermore, our investment in local communities contributes to a vibrant and stable single-¬‐family rental market nationwide."
 
According to their press release, the NRHC will promote the industry's efforts to fill the growing need for quality rental homes and deliver broader benefits such as helping revive neighborhoods and creating jobs. For more information, the council's website can be found at: www.rentalhomecouncil.org .