American Homes and Invitation Homes Face a New Competitor

One of the hottest institutional investing strategies is single-family rentals. Institutions are deploying capital into this space as the fundamentals are incredibly attractive at the moment.

Recently, homebuilder Lennar (NYSE: LEN) teamed up with Centerbridge Partners and Allianz AG to launch a venture called Upward America. The concept is to launch single-family build-to-rent properties in high-growth markets.

American Homes 4 Rent (NYSE: AMH) and Invitation Homes (NYSE: INVH) are already in the single-family rental business. How will this affect their business?

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Source Fool.com