Since Blackstone unit Invitation Homes issued the first securitization of single-family rental properties last November, the sector has drawn criticism from housing analysts and politicians.

A big focus of the detractors is the potential for securitization to boost the participation of institutional investors in homeownership in communities, which in their view might have a destabilizing effect on home prices in the future. Critics have also cited concerns that larger investors will not keep up homes with the same diligence that mom-and-mom investors do.

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