据WSJ，建房公司Beazer和KKR Investment联合推出了一个专做单独房出租的REIT. Beazer贡献价值２０Million 的１９２套房子，KKR投６５million. 他们的目标是买更多房，一旦房产总值达到１５０million, 就上市。
分析了一下，这REIT的成败实在是５０／５０。看来，我们老中又多了一个抢白菜房的竞争对手啦！
| Conservative Version | |||
| Beazer Home-Rental REIT | Scenario 1 | Scenario 2 | Scenario 3 |
| Portfolio - Number of Homes | 192 | 500 | 1,000 |
| Average Purchase Price Per Home | 104,166.67 | 180,000.00 | 200,000.00 |
| Total Market Value | 20,000,001 | 90,000,000 | 200,000,000 |
| Assumptions | |||
| Rental Revenue Per Home Per Month | $800 | $800 | $800 |
| Maintain Costs Per Home Per Month | 150 | 150 | 150 |
| RE Tax Per Home Per Month | 350 | 350 | 350 |
| Marketing and G&A Per Month | 60,000 | 120,000 | 150,000 |
| Monthly P&L | Scenario 1 | Scenario 2 | Scenario 3 |
| Rental Revenue | 153,600 | 400,000 | 800,000 |
| Operating Costs | 28,800 | 75,000 | 150,000 |
| RE Tax | 67,200 | 175,000 | 350,000 |
| Marketing G&A | 60,000 | 120,000 | 150,000 |
| Monthly P&L | (2,400) | 30,000 | 150,000 |
| Annual P&L | (28,800) | 360,000 | 1,800,000 |
| Investment | 20,000,001 | 90,000,000 | 200,000,000 |
| ROI | -0.14% | 0.40% | 0.90% |
| Good Economy Version | |||
| Beazer Home-Rental REIT | Scenario 1 | Scenario 2 | Scenario 3 |
| Portfolio - Number of Homes | 192 | 500 | 1,000 |
| Average Purchase Price Per Home | 104,166.67 | 180,000.00 | 200,000.00 |
| Total Market Value | 20,000,001 | 90,000,000 | 200,000,000 |
| Assumptions | |||
| Rental Revenue Per Home Per Month | $1,000 | $1,200 | $1,400 |
| Maintain Costs Per Home Per Month | 150 | 150 | 150 |
| RE Tax Per Home Per Month | 350 | 350 | 350 |
| Marketing and G&A Per Month | 60,000 | 120,000 | 150,000 |
| Monthly P&L | Scenario 1 | Scenario 2 | Scenario 3 |
| Rental Revenue | 192,000 | 600,000 | 1,400,000 |
| Operating Costs | 28,800 | 75,000 | 150,000 |
| RE Tax | 67,200 | 175,000 | 350,000 |
| Marketing G&A | 60,000 | 120,000 | 150,000 |
| Monthly P&L | 36,000 | 230,000 | 750,000 |
| Annual P&L | 432,000 | 2,760,000 | 9,000,000 |
| Investment | 20,000,001 | 90,000,000 | 200,000,000 |
| ROI | 2.16% | 3.07% | 4.50% |
