UNITED STATES

摘要

The vacancy rate has risen in homes underpinning Blackstone's second single-family rental (SFR) bonds, though market players say it is too soon to know if that will impact the issue. The bond issue is being closely watched, not least because it did not have some of the safeguards in Blackstone's previous SFR offering - including tenant income criteria. Cashflow vacancy in the pool increased to 7% at the end of May from 5.4% the previous month, according to Morningstar Credit Ratings. By property count, vacancies rose to 7.3% from 5.5%. Morningstar said the bonds still generated enough cash to fully cover payments due to investors in June, and many say that was not an immediate cause for alarm.