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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.

About Author: 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.

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