How Institutional Landlords Responded To Hurricane Harvey

An entirely new asset class of large institutional landlords was put to the test by Hurricane Harvey. Two such companies, Starwood Waypoint and American Homes 4 Rent, collectively own about 6,000 single-family rental homes in the Houston area, and estimate that hundreds were severely damaged and their residents displaced. But both firms stepped up to the plate, letting the hardest-hit renters out of their leases and returning their security deposits, and dispatching crews the day after to start repairing damaged dwellings.

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