Investor exodus begins as landmark rental home ban kicks in
The sellers making their move
The largest landlords — Progress Residential, Invitation Homes, AMH, Tricon, FirstKey, Amherst, and VineBrook — are all net sellers year to date, with 3,180 more homes sold than bought since January 1.
Together, that cohort controls roughly 589,000 homes, equal to approximately 3.9% of the nation’s 14 million single-family rentals, according to Parcl Labs.
VineBrook has listed nearly 10% of its entire portfolio, approximately 1,900 homes, at a combined asking price of $285 million.
Invitation Homes has 549 homes on the market, AMH has 536, and Progress Residential, the largest landlord in the group, has just 143 listed.
Price reductions are widespread among the institutional sellers. Nationally, 38.7% of all listings for sale today have had price cuts, compared with 54% within the institutional single-family rental cohort, according to Parcl Labs.
