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☆ Consumers are having a hard time deciding to buy into the housing market, says Invitation Homes CEO
▼ + stars: | 2024-03-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are having a hard time deciding to buy into the housing market, says Invitation Homes CEOInvitation Homes CEO Dallas Tanner joins 'Money Movers' to discuss the state of the rental housing market and its impact on home affordability.

Persons: Dallas Tanner Organizations: Consumers, Invitation

☆ How real estate's pain could be Wall Street's gain as Blackstone, Goldman, and others dive back in.
▼ + stars: | 2024-03-19 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

That's not to say predictions of a commercial real estate rebound are a sure bet. Here are four signs that support Gray's prediction that the commercial real estate market may be bottoming. (New York Community Bank had previously purchased $2.7 billion in Signature's loans and deposits, but not the real estate loans.) According to David Seifert, partner at private equity real estate firm Velocis, there are some sweet deals to be had in secondary sales of private-equity funds tied to real estate. The road aheadWhere Gray sees signs of bottoming, others think commercial real estate has much further to fall.

Persons: Warren Buffett, Buffett, Paul Getty, Getty, Steve Mnuchin —, Blackstone, Mnuchin, Donald Trump's, George Soros, John Paulson, It's, Jonathan Gray, Jim Garman, That's, Barry Sternlicht, Gray, Tracy Chen, Chen, BGO, secondaries There's, Ares, Brian King, King, David Seifert, Seifert, Velocis, Goldman Sachs, Dan McNamara, McNamara, Scott Rechler, wallop, Janet Yellen, Rechler, there's Organizations: Business, Goldman, Reuters, Starwood, Brandywine Global, Federal Reserve, . Bank, New York Community Bank, FDIC, Signature Bank, Community Bank, Fund Management, Community Preservation, New, Commercial Observer, Blackstone, Homes, Digital Realty, Polpo, RXR Locations: Blackstone, , New York, New York, BREIT, Real, Velocis

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, PepsiCo, Micron, Meta, Starbucks and more
▼ + stars: | 2024-03-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Starbucks as overweight Morgan Stanley said it's standing by its overweight rating on Starbucks shares. Morgan Stanley upgrades Pepsi to overweight from equal weight Morgan Stanley said the beverage giant is undervalued. Morgan Stanley initiates Ball Corporation as equal weight Morgan Stanley initiated the beverage can company and says the stock is fairly valued right now. Morgan Stanley names LifeStance a top pick Morgan Stanley named the mental health company a top pick on Monday. Morgan Stanley reiterates Micron as underweight Morgan Stanley raised its price target on the stock to $78 per share from $74.75 and said it's sticking with its underweight rating heading into earnings later this week.

Persons: KeyBanc, Morgan Stanley, it's, Telsey, ESAB, Mizuho, Goldman Sachs, Tesla, Raymond James downgrades, Raymond James, LifeStance, Wolfe, Bernstein, Truist, Wells, Wells Fargo, F2Q Organizations: Apple, JPMorgan, 1Q, Meta, HSBC, Nvidia, Netflix, RBC, Howmet Aerospace, York Community Bank, Pepsi, Ball, Citi, Micron, IT, Downside, Bank of America, Taiwan Semiconductor, Pinnacle, of America, Pinnacle West Capital Corp, ISI, UBS, CCL Locations: Berlin, underperform, Taiwan, Arizona, Underperform

☆ Blackstone is gearing up for a real-estate buying spree. Here are the types of properties it's eyeing.
▼ + stars: | 2024-01-25 | by ( Kaja Whitehouse | Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Blackstone sees a light at the end of the tunnel for the troubled commercial real estate market — and the private equity giant is not waiting for things to settle down before it starts picking winners. "While it will take time, we can see the pillars of a real estate recovery coming into place." Gray noted that the firm made three major real estate transactions in the past two months, including its $3.5 billion deal to take Canadian real estate firm Tricon Residential private. He said the company sees further buying opportunities in residential real estate, including single-family rentals and multi-family rentals. The Tricon transaction, he said, was focused on single-family homes for rent: "That space, because of the shortage of single-family homes, has been much stronger."

Persons: Blackstone, Jonathan Gray, Gray, we've Organizations: Business, Signature Bank, Savings, Loans, Invitation Homes

☆ Housing feels 'out of balance' going into 2024, says Invitation Homes CEO Dallas Tanner
▼ + stars: | 2024-01-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing feels 'out of balance' going into 2024, says Invitation Homes CEO Dallas TannerDallas Tanner, Invitation Homes CEO, joins 'Closing Bell Overtime' to talk the housing and rental markets in 2024.

Persons: Dallas Tanner Dallas Tanner Organizations: Invitation Homes

☆ Average homebuyers are beating out Wall Street landlords
▼ + stars: | 2023-11-29 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

The shutdowns of 2020 created a perfect storm for the housing market — and supercharged the clash between Wall Street and regular homebuyers. Given the attention these markets received during the pandemic, it's no wonder that the battle between Wall Street and Main Street became the dominant story of COVID-era homebuying. Advertisement"If Wall Street was really gobbling up Main Street," Sharga told me, "we would see homeownership rates go down." Wall Street landlords have also been increasingly selling off homes to regular people, a Business Insider analysis found. Still circlingWhile average homebuyers have staged a comeback over the past three years, Wall Street isn't ready to jump out of the housing market altogether.

Persons: homebuyers, That's, Wall, elbowed, Rick Sharga, CJ Patrick Company, they're, who've, Axios, Sharga, CoreLogic, Pretium —, John Voorheis, Voorheis, —, Freddie Mac, James Rodriguez Organizations: Rage, Federal Reserve Bank of Philadelphia, Parcl Labs, Labs, National Association of Realtors, Wall Street, Investor, Wall, Tricon, Associates, Investors, Center for Economic Studies, Census Locations: Phoenix, Chicago, homebuilders, homeownership, Dallas, Charlotte, North Carolina, Atlanta

☆ Houses Too Expensive to Buy Underpin Lofty Rents
▼ + stars: | 2023-11-21 | by ( Will Parker | ) www.wsj.com time to read: 1 min

The exodus of workers and businesses during the pandemic left San Francisco a shell of its former self. But there are small signs of a turnaround. WSJ explores whether new civic policies and fresh commercial interest can rejuvenate the city’s downtown. Photo illustration: Rio Roye/WSJBig public companies that rent out single-family homes are beating the rest of the rental market this year, thanks to tenants who are paying large rent increases on the sorts of homes they increasingly can’t afford to buy. Landlords Tricon Residential , Invitation Homes and AMH , which together own about 180,000 rental homes, each posted rent increases greater than 6% for the third quarter over the same period a year prior.

Persons: Roye Locations: San Francisco

☆ D1 Capital adds to Big Tech bets in third quarter, reveals new top holding
▼ + stars: | 2023-11-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Daniel Sundheim's D1 Capital made significant buys in Big Tech stocks during the third quarter and saw one large private holding enter the public market, according to securities filings . The hedge fund increased its stake in Microsoft by nearly 78% while more than doubling its shares in Meta Platforms during the third quarter. Elsewhere in tech, D1 sold more than a third of its shares in Alphabet but added a new stake worth roughly $115 million in Amazon . The buying of Big Tech stock marks a reversal from D1 Capital's moves earlier this year . D1 Capital has more than $27 billion in assets under management, according to WhaleWisdom.com.

Persons: Daniel Sundheim's, Instacart, Philip Morris, Sundheim, Andreas Halvorsen Organizations: Capital, Big, Microsoft, D1, Big Tech, South, Nu Holdings, PNC, Viking Global Locations: Big Tech, Meta, Instacart

☆ Your Next Airbnb Host Could Be a Private-Equity Firm
▼ + stars: | 2023-11-07 | by ( Craig Karmin | ) www.wsj.com time to read: 1 min

Private-equity giant TPG has started buying single-family homes in Florida vacation markets, where it is renting them out nightly as alternatives to hotels and short-term rentals on websites like Airbnb . Other private-equity firms, publicly traded companies like Invitation Homes and many institutional investors have been active buyers of single-family homes for years, leasing their properties for a year or longer.

Organizations: TPG, Invitation Locations: Florida

☆ AI and your Customers
▼ + stars: | 2023-11-03 | by ( Jon Fortt | ) www.cnbc.com time to read: 1 min

Join us, you must, to learn the ways of the Force behind AI and how it shapes the journey of the customer, it does. Transform, we can, the path of customers, with AI's wisdom, as our guide. Journey, we shall, into the realms of chatbots, personalization, and recommendation engines, unlocking the doors to customer delight, we will. The future of customer experience, AI will shape, and together, explore it we shall. Anshu Bhardwaj, Walmart Global Technology & Commerce Technologies SVP & COOVirginia Suliman, Invitation Homes Chief Information & Digital OfficerBernardo Tavares, Kenvue Chief Technology & Data OfficerModerator: Jon Fortt, CNBC "Closing Bell: Overtime" Co-Anchor

Persons: Anshu Bhardwaj, COO Virginia Suliman, Bernardo Tavares, Jon Fortt Organizations: Force, Walmart Global Technology, Commerce Technologies, COO, Homes, Information, Digital, Kenvue, Technology, CNBC

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Apple, AbbVie, Chevron, Krispy Kreme, Roku and more
▼ + stars: | 2023-10-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are the biggest calls on Wall Street on Monday: JPMorgan upgrades Eastman Chemical to overweight from neutral JPMorgan said it sees an earnings rebound for Eastman Chemical. Bank of America reiterates Roku Bank of America said it's standing by its buy rating heading into earnings later this week. JPMorgan downgrades Olin to neutral from overweight JPMorgan downgraded the chemical company citing concerns about reduced product demand. " JPMorgan downgrades Valley National to neutral from overweight JPMorgan downgraded the regional bank mainly on valuation. Bank of America initiates Cooper Companies as buy Bank of America said the contact lens company is well positioned. "

Persons: Bernstein, Tesla, underperform Bernstein, Morgan Stanley, Apple, it's, Pinterest, Raymond James downgrades, Raymond James, TD Cowen, Decker, Baird downgrades Datadog, Baird, JPMorgan downgrades Newell, JPMorgan downgrades Olin, Olin, Harris, Hess, Truist, Piper Sandler, Piper, Oppenheimer, Goldman Sachs, Okta, Goldman, Wolfe Organizations: JPMorgan, Eastman Chemical, Barclays, Bank of America, Roku Bank of America, Apple, Citi, Raymond James downgrades Cisco, Cisco, Stanley Black, JPMorgan downgrades, JPMorgan downgrades Newell Brands, Newell Brands, UBS, East West Bancorp, Chevron, of America, Cooper Companies, Microsoft, MSFT, Deutsche Bank, Nvidia, Deutsche, Broadcom Locations: China, Okta

☆ Stocks making the biggest moves midday: SoFi, McDonald's, Western Digital, On Semiconductor and more
▼ + stars: | 2023-10-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SoFi Technologies — Shares seesawed as traders digested the company's latest quarterly results. McDonald's — Shares gained 2.3% after the company beat both top and bottom lines for the third quarter. Western Digital — Shares of the data storage company jumped 6% after the company performed better than analysts polled by LSEG expected in the fiscal first quarter. Invitation Homes — The home leasing company rose nearly 1% following an upgrade to outperform by Oppenheimer. Saia — The transportation stock rose 3.4% on the back of an upgrade to outperform from peer perform by Wolfe Research.

Persons: SoFi, originations, McDonald's, Stellantis, LSEG, Revvity, FactSet, Oppenheimer, L3Harris, Raymond James, Eastman, AbbVie, Tesla, Bernstein, TD Cowen, —, Femsa, Saia, Jesse Pound, Samantha Subin, Pia Singh, Hakyung Kim, Justin Sullivan Organizations: General Motors, GM, CNBC, Ford, Spirit Realty Capital, Realty, Western Digital, Semiconductor, FactSet, Eastman Chemical —, JPMorgan, Barclays, Citi, Wolfe Research, SoFi Technologies Locations: U.S, San Francisco , California

☆ Stocks making the biggest moves premarket: McDonald's, SoFi, Invitation Homes and more
▼ + stars: | 2023-10-30 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

East West Bancorp — Shares ticked up 2.6% after UBS upgraded them to buy on the back of strong third-quarter results. McDonald's — Shares popped 2.8% after the fast-food giant reported a third-quarter earnings and revenue beat. Revenue was boosted by higher-than-expected student loan originations for the quarter, according to the company's earnings release. The upgrade comes after L3Harris reported better-than-expected third-quarter earnings last week. However, the firm thinks DraftKings will have trouble breaking out higher until the company "proves market share resilience" in 2024.

Persons: SoFi, originations, Raymond James, L3Harris, Cowen, DraftKings, — CNBC's Pia Singh, Michelle Fox, Hakyung Kim Organizations: East West Bancorp, UBS, Revenue, Oppenheimer, L3Harris, NewAmsterdam Pharma, RBC Capital Markets Locations: LSEG

☆ Evercore upgrades Invitation Homes: Here's what you need to know
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvercore upgrades Invitation Homes: Here's what you need to knowSteve Sakwa, Evercore ISI real estate analyst, joins 'The Exchange' to discuss the rationale behind his IVNH call, the case for investors to hedge losses in single-family rental REITs, and the relationship between treasury yields and REIT multiples.

Persons: Steve Sakwa

☆ What Happens When Wall Street Buys Most of the Homes on Your Block?
▼ + stars: | 2023-09-16 | by ( Ronda Kaysen | Ella Koeze | ) www.nytimes.com time to read: +21 min

Alvin and Patricia Maisonet bought their house in Bradfield Farms almost a decade ago. Bradfield Farms fit the bill: It is in an area that, in 2020, was 35 percent Black and 11 percent Latino, according to census data. Tarchia Barber chose to rent in Bradfield Farms because of the neighborhood’s rural feel. The RentersTarchia Barber liked the rural feel of Bradfield Farms, with cul-de-sacs and shady streets surrounded by farmland and woods. A school bus drops off students in Bradfield Farms, a quiet neighborhood where parents say their children often roam freely.

Persons: Ronda Kaysen, Ella Koeze, Logan Cyrus Sept, “, Alvin Maisonet, Maisonet, Patricia Maisonet, Joggers, ”, Alvin, Kelli Enos, Cash, can’t, Laurie Goodman, “ Covid, David Howard, Keith R, Madeline Bankson, They’re, Jessica Moreno, Tarchia Barber, Barber, He’d, Nikki Sloup, Sloup, Becky Johnson, didn’t, Johnson, Jesus ”, Greg McBride, Hall, Brandon Little, Keller Williams, Bradfield, “ We’ve, Jade Rahmani, Keefe, “ It’s, ” Mr, Rahmani, Enos, ” Dana Hartness, James M, Hasty, Ms, Lisa Damas, Kasey, Jim Sylvester, Sylvester, Hartness, —, — she’s, Dana Hartness, She’s Organizations: →, HomeRiver, Investor, Vegas, Kansas City, Antonio, Houston, Investors, New York Times, Homeowners, “, Bradfield Farms, Charlotte Airport, NORTH, NORTH CAROLINA, SOUTH, CAROLINA SOUTH, Bradfield, Housing Finance, Center, Urban Institute, National Rental Home, Rentals, Florida State University, Equity, Bankrate.com, Sheree, Nationwide, Facebook, Mecklenburg Police Locations: Ronda, Charlotte, N.C, Bradfield Farms, Bradfield, Paterson , N.J, United States, ATTOM, Atlanta, Phoenix, Memphis, Birmingham, Ala, Orlando, Fla, Jacksonville, Tampa, Kansas, Mo, NORTH CAROLINA, CAROLINA SOUTH CAROLINA, “, American, North Carolina, New Jersey, Peru

☆ How Wall Street's REIT giants are reshaping U.S. real estate
▼ + stars: | 2023-09-01 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

U.S real estate investment trusts today manage $4.5 trillion in real estate worldwide. KKR's real estate business is one of the big players in the REIT game. The KKR Real Estate Select Trust, which currently manages $1.5 billion in assets, paid a dividend of 5.4% to its investors in July 2023. said Billy Butcher, CEO of KKR's global real estate business. Watch the video above to learn the fundamentals of real estate investment trusts.

Persons: Billy Butcher, Sher Hafeez, Jones Lang LaSalle, Michael Pestronk, REITs Organizations: KKR, Trust, CNBC, Jones, P Global Investments, Post, Invitation Locations: Philadelphia

☆ Wall Street landlords are selling homes back to Main Street. Here's what it might mean for runaway housing prices.
▼ + stars: | 2023-08-03 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +8 min

The companies — Invitation Homes and AMH — have already sold 1003 homes this year, through July, to non-corporate buyers, according to Insider's analysis of data from real estate tracker Attom Data. The group, which has included Wall Street firms like Blackstone (which spun off Invitation Homes), has been blamed for exacerbating the housing shortage that has pushed real-estate prices sky-high. One exception might be in 2019 when Invitation Homes sold 785 homes to non-corporate buyers, versus 225 sales through July of this year. The lack of housing supply, which has kept prices high even as mortgage rates rise, makes selling homes in markets that cost more to operate rentals a profitable play. In reporting earnings last week, Invitation Homes increased its core revenue guidance for the rest half of the year because its rent prices actually outperformed expectations.

Persons: —, AMH, Jon Olsen, execs, Dallas Tanner, Tanner, Gary Beasley, Roofstock, Beasley, He's, Dave Singelyn, Singelyn Organizations: Attom, Wall, Blackstone, Invitation Homes, SFR, Invitation, MLS, Homes, Sun, Wall Street, Homeowners, Seller Services Locations: SFR, New York City, America

☆ The US is short on homes. Here’s how builders are still offering the American Dream
▼ + stars: | 2023-07-14 | by ( Anna Bahney | ) edition.cnn.com time to read: +8 min

This relatively new and growing segment of the housing market is called “build for rent” or BFR (or “build to rent” or BTR). Often constructed in suburban areas with low crime and near good schools, BFR homes attract those who want the lifestyle of a house — but the affordability or convenience of renting. Over the past few years, however, large investment groups — like Home Partners of America or Invitation Homes — have got into buying up existing single-family homes to rent. Miller said demand for BFR homes is strong and suit a modern way of living involving remote work, lifestyle moves and delayed homeownership. Even as a small portion of the market, those BFR homes that are being built are not the smaller, more affordable homes that middle-income earners are looking for.

Persons: ”, David Howard, Howard, “, Ben Miller, ” Miller, Miller, Donald Trump’s, homeownership, Bruce McNeilage, ” McNeilage Organizations: DC CNN, National Rental Home, National Rental Home Council, Urban Institute, Home Partners of America, Research, Joint Center for Housing Studies, Harvard University, Kinloch Partners, Survey Locations: Washington, Texas , California , Arizona, Florida, North Carolina, Georgia, BFR, United States, Nashville, Greenville , South Carolina, Yardi

☆ Invitation Homes CEO on rising rates and the housing market
▼ + stars: | 2023-05-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvitation Homes CEO on rising rates and the housing marketDallas Tanner, Invitation Homes CEO, joins 'Closing Bell: Overtime' to discuss the rising rate environment and its impact on the housing market

Persons: Dallas Tanner Organizations: Invitation Homes

☆ Wall Street landlords with billions in their coffers have gone silent, patiently waiting for cheaper homes to buy
▼ + stars: | 2023-05-21 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +6 min

For the first two or so years of the pandemic, it looked like big, corporate landlords would buy up so many rental homes that they'd soon control the market that had been the purview of mom-and-pop owners. But five months in, the lull that started the year persists, said analysts at John Burns Real Estate Consulting, a purveyor of real-estate data. According to JT Graham, a John Burns analyst who attended an April conference of the SFR lobbying group National Home Rental Council, the buzzword there was "patience." For those that do make the trip, they can console themselves that the industry's fundamentals are strong enough to offset headwinds such as soaring taxes and slowing rent growth, John Burns analysts said. They're also able to absorb defaults and vacancies in the way small landlords can't as their costs increase.

☆ The biggest home buyers in America are now selling more property than they're buying
▼ + stars: | 2023-05-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Commercial property headwinds aside, today we're looking at the residential housing market, which is undergoing its own shifts, but not exactly in the same direction. Tell someone that the housing market is so unfavorable right now that the biggest home buyers in the country are actually net sellers now. American Homes 4 Rent, for example, bought 312 single-family homes and sold 666 to start the year. Similarly, Invitation Homes, the largest owner of single-family rentals in the US, bought 194 homes and sold 297 in the first quarter of 2o23. Naturally, the housing market has slowed down for everyday Americans, too, given the steep mortgage rates and lack of affordability.

☆ Housing market shifts are driving out some of the biggest home buyers in the country
▼ + stars: | 2023-05-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Institutional investors bought 90% fewer homes in the first two months of 2023 compared to a year ago. High rates and home prices have turned some big buyers into net sellers this year. That trend accelerated from the fourth quarter, when institutional home-buying activity slumped 79% from a year ago, according to Fortune. Among the institutional investors, American Homes 4 Rent was a net seller of homes in the first quarter, buying 312 single-family homes and shedding 666, per Fortune. Similarly, Invitation Homes — the largest owner of single-family rentals in the US — was a net seller in the first quarter.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Supply will make the housing market challenging: Invitation Homes CEO
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupply will make the housing market challenging: Invitation Homes CEODallas Tanner, Invitation Homes CEO, joins 'Squawk on the Street' to discuss his anecdotal feelings on the housing market, how the lock-in rate aspect of housing affects the market, and more.

☆ The most overbought S&P 500 stocks include one fast food giant
▼ + stars: | 2023-04-15 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 rose about 0.8% this week, notching its fourth weekly advance in five weeks. However, the S & P 500's steady run of late made several stocks overbought. CNBC Pro screened for S & P 500 stocks in overbought territory, based on their relative strength index. Too oversold CNBC Pro also searched for oversold S & P 500 stocks that could be due for a bounce. Qorvo shares have lagged the S & P 500 this year, advancing just 3.2%.

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