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The Industry & Tricor

/The Industry & Tricor
The Industry & Tricor2018-07-18T22:18:11+00:00

PAST

2010

 


Tricor founders help create construction arm of flagship REIT in the single-family rental space.

In 2.5 years they grow the operation into 12 markets, renovating over 300 houses a month and managing over 70 people.


Financial crisis housing prices bottom.

2011

 


Invitation Homes, American Homes 4 Rent and Colony American Homes founded with the idea to buy large quantities of single-family homes for rent.

2012

 


FEBRUARY
Warren Buffett quoted “If I had a way of buying a couple hundred thousand single-family homes and if I had a way of managing them…, I would load up on them” per CNBC Ask Warren Buffett – The transcript Part 1.

APRIL
Blackstone commits $1 Billion to Invitation Homes to amass single family rental portfolio.

2013

 


NOVEMBER

First fixed-income securitization of SFR, Blackstone’s IH 2013-SFR-1 comes to market.

2014

 


JULY
Tricor Founded
AUGUST
Partner with American Homes 4 Rent
AUGUST
Partner with Waypoint Homes
SEPTEMBER
Partner with Mainstreet Renewal
OCTOBER
Partner with Progress Residential


The National Rental Home Council is formed and consists of the four largest single-family REITS. This group assumes the role of advocacy with the public and government

2015

 


JANUARY
Homes Completed: 150
MARCH
Partner with Invitation Homes
APRIL
Partner with Altisource
MAY
Tricor is awarded prime subcontract on Santana Ridge apartment development


JANUARY
16 SFR fixed income securitization helping institutional owner operators raise $9 Billion

2016

 


JANUARY
Homes Completed: 1,500
FEBRUARY
Tricor is awarded prime subcontract on 48 new build-to-rent homes in Verrado, AZ
NOVEMBER
Partner with Open Door
NOVEMBER
Partner with HomeVestors (We Buy Ugly Houses)


Invitation Homes allocates close to $10 Billion of Capital into 50,000 homes ($150 million per week)

Single-Family homes become fastest growing type of rental in US according to U.S. Census

PRESENT

2017

 


JANUARY – Homes Completed: 5,000 Partner with Cerberus (First Key)
FEBRUARY Tricor acquires vacant lots for development in Phoenix
APRIL Tricor acquires vacant land for development in Tempe
JUNE Tricor completes first build-to-rent homes in Phoenix
JUlY – Homes Completed: 7,000
DECEMBER Tricor is included on the build-to-rent panel at the IMN single-family rental conference in Phoenix


JANUARY Invitation Homes goes public and valued at $1.56 Billion with a portfolio of 48,000 houses in 13 markets
MAY Largest institutional investors have purchased over 172,000 homes for $28 Billion making up 1.2% of all Single-Family Rentals.
NOVEMBER Invitation Homes and Starwood Waypoint Residential merge to create the nation’s largest single-family landlord representing
DECEMBER Freddie Mac officially closes on its first single-family rental financing

Tax Cuts and Job Acts heavily favors REITs for distributions and tax brackets while reducing tax deductions for home owners.

2018

 


JANUARY
Homes Completed: 10,000

Partner with Cerberus (First Key)

FEBRUARY
Tricor sells two-thirds of new build-to-rent homes to Cerberus
MARCH
Tricor attends the Family Office Club Single Family Office Summit to begin promoting capital raising efforts
APRIL
Tricor completes 100th home with Cerberus
MAY
Tricor acquires second vacant parcel in Tempe for development


JANUARY
Cerberus Capital announces it will triple its current portfolio of 14,000 homes.
FEBRUARY
American Homes 4 Rent plans to spend $400 to $600 million on build-to-rent product

Altisource grows single-family portfolio from 777 in 2016 to over 12,000

MARCH
The National Rental Home Council grows to 30 members and establish new executive board made up of the largest companies in the space.

FUTURE

2018

 


Investor Projection
5% of all home rentals owned by institutions in the next 5 to 7 years totaling another 500,000 homes
Housing Projection
Shortage of 435,000 houses per year increasing housing costs due to demand
Mortgage Rate Projection
Rates will continue to rise at a steady pace peaking over 5% decreasing the number of people who can
Student Loan Projection
Default rates for students who first took out federal loans in 2004 will reach nearly 40% by 2024 – The Brookings Institute

2019

 


3.5 million Baby Boomers and Millennials added to rental pool according to Freddi Mac and statistics from U.S. Census Bureau

2020

 


3.5 million Baby Boomers and Millennials added to rental pool according to Freddi Mac and statistics from U.S. Census Bureau

2021

 


1.15 million Millennials added to rental pool based on statistics from U.S. Census Bureau

2022

 


1.15 million Millennials added to rental pool based on statistics from U.S. Census Bureau

2023

 


1.15 million Millennials added to rental pool based on statistics from U.S. Census Bureau

PAST

2010

 


Tricor founders help create construction arm of flagship REIT in the single-family rental space.

In 2.5 years they grow the operation into 12 markets, renovating over 300 houses a month and managing over 70 people.


Financial crisis housing prices bottom.

2011

 


Invitation Homes, American Homes 4 Rent and Colony American Homes founded with the idea to buy large quantities of single-family homes for rent.

2012

 


FEBRUARY
Warren Buffett quoted “If I had a way of buying a couple hundred thousand single-family homes and if I had a way of managing them…, I would load up on them” per CNBC Ask Warren Buffett – The transcript Part 1.

APRIL
Blackstone commits $1 Billion to Invitation Homes to amass single family rental portfolio.

2013

 


NOVEMBER

First fixed-income securitization of SFR, Blackstone’s IH 2013-SFR-1 comes to market.

2014

 


JULY
Tricor Founded
AUGUST
Partner with American Homes 4 Rent
AUGUST
Partner with Waypoint Homes
SEPTEMBER
Partner with Mainstreet Renewal
OCTOBER
Partner with Progress Residential


The National Rental Home Council is formed and consists of the four largest single-family REITS. This group assumes the role of advocacy with the public and government

2015

 


JANUARY
Homes Completed: 150
MARCH
Partner with Invitation Homes
APRIL
Partner with Altisource
MAY
Tricor is awarded prime subcontract on Santana Ridge apartment development


JANUARY
16 SFR fixed income securitization helping institutional owner operators raise $9 Billion

2016

 


JANUARY
Homes Completed: 1,500
FEBRUARY
Tricor is awarded prime subcontract on 48 new build-to-rent homes in Verrado, AZ
NOVEMBER
Partner with Open Door
NOVEMBER
Partner with HomeVestors (We Buy Ugly Houses)


Invitation Homes allocates close to $10 Billion of Capital into 50,000 homes ($150 million per week)

Single-Family homes become fastest growing type of rental in US according to U.S. Census

PRESENT

2017

 


JANUARY – Homes Completed: 5,000 Partner with Cerberus (First Key)
FEBRUARY Tricor acquires vacant lots for development in Phoenix
APRIL Tricor acquires vacant land for development in Tempe
JUNE Tricor completes first build-to-rent homes in Phoenix
JUlY – Homes Completed: 7,000
DECEMBER Tricor is included on the build-to-rent panel at the IMN single-family rental conference in Phoenix


JANUARY Invitation Homes goes public and valued at $1.56 Billion with a portfolio of 48,000 houses in 13 markets
MAY Largest institutional investors have purchased over 172,000 homes for $28 Billion making up 1.2% of all Single-Family Rentals.
NOVEMBER Invitation Homes and Starwood Waypoint Residential merge to create the nation’s largest single-family landlord representing
DECEMBER Freddie Mac officially closes on its first single-family rental financing

Tax Cuts and Job Acts heavily favors REITs for distributions and tax brackets while reducing tax deductions for home owners.

2018

 


JANUARY
Homes Completed: 10,000

Partner with Cerberus (First Key)

FEBRUARY
Tricor sells two-thirds of new build-to-rent homes to Cerberus
MARCH
Tricor attends the Family Office Club Single Family Office Summit to begin promoting capital raising efforts
APRIL
Tricor completes 100th home with Cerberus
MAY
Tricor acquires second vacant parcel in Tempe for development


JANUARY
Cerberus Capital announces it will triple its current portfolio of 14,000 homes.
FEBRUARY
American Homes 4 Rent plans to spend $400 to $600 million on build-to-rent product

Altisource grows single-family portfolio from 777 in 2016 to over 12,000

MARCH
The National Rental Home Council grows to 30 members and establish new executive board made up of the largest companies in the space.

FUTURE

2018

 


Investor Projection
5% of all home rentals owned by institutions in the next 5 to 7 years totaling another 500,000 homes
Housing Projection
Shortage of 435,000 houses per year increasing housing costs due to demand
Mortgage Rate Projection
Rates will continue to rise at a steady pace peaking over 5% decreasing the number of people who can
Student Loan Projection
Default rates for students who first took out federal loans in 2004 will reach nearly 40% by 2024 – The Brookings Institute

2019

 


3.5 million Baby Boomers and Millennials added to rental pool according to Freddi Mac and statistics from U.S. Census Bureau

2020

 


3.5 million Baby Boomers and Millennials added to rental pool according to Freddi Mac and statistics from U.S. Census Bureau

2021

 


1.15 million Millennials added to rental pool based on statistics from U.S. Census Bureau

2022

 


1.15 million Millennials added to rental pool based on statistics from U.S. Census Bureau

2023

 


1.15 million Millennials added to rental pool based on statistics from U.S. Census Bureau