Google+
  • Ocwen40.02+0.44 +1.11%
  • Zillow90.56+3.57 +4.10%
  • Trulia31.06+0.38 +1.24%
  • NationStar33.70+0.39 +1.17%
  • CoreLogic28.32+0.49 +1.76%
  • RE/MAX27.96-0.15 -0.53%
  • Fannie Mae3.71-0.12 -3.13%
  • Freddie Mac3.74-0.10 -2.60%
  • Wells Fargo48.78+0.67 +1.39%
  • CitiMortgage48.31+0.64 +1.34%
  • Bank of America16.39+0.39 +2.44%
  • Auction.com0.00N/A N/A
  • Fidelity National Financial31.83+0.50 +1.60%
  • Black Knight Financial37.300.00 0.00%
  • AUDUSD=X0.9345N/A N/A
  • USDJPY=X102.285N/A N/A
  • WP Stock Ticker
To show sotck chart
Home | Headlines | Carrington Expects ‘Bullish Outlook’ for 2014
Hudson & Marshall
Print This Post Print This Post

Carrington Expects ‘Bullish Outlook’ for 2014

Carrington Expects ‘Bullish Outlook’ for 2014

Carrington Property Services announced Friday its bullish outlook for 2014, citing predictions that the single-family/rent-to-own business market will exceed $15 billion.

In the release, the company noted that it provides "third party property management services and/or components of property management, due diligence and valuation services to the banking/mortgage segment."

Carrington entered the single-family rental asset class in 2007 and formed Carrington Property Services, LLC to serve as a property management company.

The company has collected rents of more than $57 million in the last 12 months, and has managed over 35,000 single-family rental assets in the past 7 years in 46 states.

Currently, Carrington manages over 7,000 single-family rental assets as of the end of January, 2014.

Carrington believes its vertically integrated business model, coined "the continuum approach" to real estate, allows them a unique advantage.

"Being able to touch so many aspects of the single-family home provides opportunities to capture operating leverage and superior quality of service. It also offers institutional investors a performance advantage when it comes to managing and selling one-to-four unit family assets," the release said.

Hudson & Marshall

About Colin Robins

Colin Robins
Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News' sister site.

Leave a Reply

Scroll To Top