Blackstone and Deutsche Bank are very close to marketing the first securitization of rental properties, and the deal will be rated, a person familiar with the deal confirmed.

Over the past two years, several rating agencies have release commentary discussin the challenges and potentail risks to securitizing real-estate owned, or repossed, properties that have been purchased and converted to rentals. In September, Morningstar published a methodology document and a model guide designed to outline the process it will apply to the new issue and surveillance ratings of securities backed by pools of single-family rental properties.   

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.