The vacancies in collateral backing the first U.S. securitization of rental properties declined to 6.5% in February from 8% in January, according to Moody’s Investors Service.

The number of occupied properties in Blackstone Group’s Invitation Homes 2013-SFR1 as of Feb. 28 is 2,999; at the deal’s closing in November 2014, the number of occupied properties was 3,207. 

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