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Nearly 9,000 SNL-covered real estate properties in Hurricane Harvey’s path

August 30, 2017

Nearly 9,000 SNL-covered real estate properties in Hurricane Harvey’s path

August 25, 2017 | Chris Hudgins | SNL.com

More than 8,800 SNL-covered real estate properties lie in Hurricane Harvey’s projected five-day path. Single-family rental homes comprise the largest category of properties potentially affected, followed by single-tenant retail.

Current projections show the hurricane, rated a Category 3 as of press time, making landfall early Saturday morning on Texas’ gulf coast near Corpus Christi. The storm is expected to bring storm surge and flooding from heavy rainfall, and is expected to stay over the Texas coast for about 48 hours before turning north up the coast.

Single-family housing REITs in the aggregate own the most properties in the path of the storm. American Homes 4 Rentowns 5,079 homes in the area, representing 10.5% of its total portfolio, and Reven Housing REIT Inc. owns 264 homes, comprising about 35% of its total portfolio, the largest portfolio exposure among the top 20 companies with the largest number of potentially affected properties.

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John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.