Charlotte Institutional Buyers

[Ian Kurela]

Hey guys,

I've heard a lot of people talking recently about the big institutional buyers grabbing up all the inventory in Charlotte, but no one can name any of the firms. Anyone know?

[Chris T.]

As of about 2 years ago, the 3 biggest institutional SFR owners in the Charlotte area were American Homes 4 Rent, Colony Starwood Homes, and Invitation Homes.

https://www.charlotteagenda.com/82814/charlotte-neighborhoods-bought-sold-wall-street/

At the time, they owned 7000+ SFR in the Charlotte area between the 3 of them. Since then Colony Starwood has merged with Invitation Homes so not sure who is #3 now..

Doing a quick look here are some more up-to-date numbers (as of Dec. 31, 2018)

American Homes 4 Rent :        3603     

Invitation Homes:                      4690*   

(*this is for the "Carolinas" which is the Charlotte, Greensboro, Raleigh, and Fort Mill, SC markets)