February 2026

Tim Reilly on twelve years of SFR: Building the infrastructure behind institutional housing

The single-family rental (SFR) market has evolved from an opportunistic trade into a durable, professionally managed segment of the U.S. housing ecosystem, shaped by affordability pressures, capital constraints, and the need for new supply. Few leaders have had a closer view of that evolution than Tim Reilly, Executive Vice President, Radian Real Estate Management LLC,

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Short-term rentals are breaking the appraisal playbook. Lenders can’t afford to ignore it

Short-term rentals (STRs) have evolved from a niche investment strategy into a durable, institutionalized asset class. What hasn’t evolved at the same pace is how many lenders and valuation teams approach STR income risk. As investors become more sophisticated and debt service coverage ratio (DSCR) lending continues to grow, the appraisal has moved from a

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