Progress Residential priced its latest single family rental securitization tighter than the issuer’s previous deal and the most recent single family rental, Colony American Homes 2015-1, which priced last week.

The issuer paid 105 basis points over interpolated swaps on the 5-year, triple-A rated, class A notes, yielding investors 2.7%. At the beginning of the year, Progress priced a similarly rated, 5-year, class A bond at a spread of 150 basis points over Libor.

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.