Large private-equity firms that own some 200,000 single-family rental homes across the country have formed the National Rental Home Council (NRHC) to represent to the public the benefits of professionally-managed rental homes. Rental demand in communities across the country is strong,” says 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.” According to worldpropertychannel.com, founding members include Colony American Homes, Invitation Homes, American Homes 4 Rent, and Starwood Waypoint Residential Trust, which have invested billions in the housing market, creating quality homes, jobs and economic activity. MHProNews.com has learned that traditionally one-third of American rentals have been single-family homes out of a total of 14 million rental homes. ##
