January 8, 2026
Robert A. Stanger & Company, Inc. (“Stanger”), a leading investment banking and research firm specializing in non-traded REITs and alternative investments, today released estimates regarding the exposure of equity NAV REITs to single-family rental homes.
Following recent public discussions on institutional ownership of single-family homes, Stanger estimates that equity NAV REIT exposure to single-family rental properties (including manufactured housing communities) stands at approximately $14 billion. This represents roughly 7% of overall property investments across the equity NAV REIT sector, with exposure varying significantly by fund strategy.
Single-family rentals, including manufactured housing, remain a niche allocation within most diversified non-traded REIT portfolios, which primarily focus on multifamily apartments and industrial property types. Stanger's analysis indicates the majority of funds have a limited concentration in the single-family rental sub-sector.
Stanger has estimated the exposure by equity NAV REIT as follows:
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About Robert A. Stanger & Co., Inc.
Robert A. Stanger & Co., Inc., founded in 1978, is a nationally recognized investment banking firm specializing in providing investment banking, financial advisory, fairness opinion and asset and securities valuation services to partnerships, real estate investment trusts and real estate advisory and management companies in support of strategic planning, capital formation and financings, mergers, acquisitions, reorganizations, and consolidations.
Stanger is also well known for its industry leading publications: The Stanger Report, a nationally recognized comprehensive report focused on non-traded REIT and BDC investing, including aggregate market statistics, total returns by company and total return indices, fee structure comparisons, and profiles of current offerings; The Stanger Market Pulse, a monthly deep-dive into alternative investment fundraising; The Stanger Chairman’s Report, focused on NAV REIT and non-traded BDC sales and redemptions; The Stanger Closed-End Fund Report, focused on non-traded interval fund and tender offer fund investing, Stanger Privates, a quarterly publication focused on Private Placement REITs and BDCs exclusively available to Stanger Institutional Access subscribers; and The Alt Street Journal, a weekly newsletter providing an update on industry activities.
For More Information:
Kevin T. Gannon | Chairman & CEO | (732) 389-3600
Robert A. Stanger & Co., Inc.
1129 Broad Street, Suite 201
Shrewsbury, NJ 07702
www.rastanger.com
Member: SIPC
