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(Sept. 5) news
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Unconventional Play on Rental Properties
The ultimate outcome of these different models is unknown, but the market hasso far supported Altisource Residential. Acquisition strategy The company has a stated goal of acquiring loans that will lead to 5,000 rental properties in the first year. Back in the second-quarter earnings report , the company listed NPL acquisitions that will total approximately 4,100 loans representing $820 million in unpaid principal balance, or UPB, and $625 million in underlying property value. In most cases, the company is paying an amount that is less than the property values — providing huge potential value assuming the property can be quickly turned into a productive asset.
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