The share of institutions in the single-family rental market has been rising since 2010. Last year was no exception. Although some of the publicly traded single-family rental REITs report their holdings publicly, we used a slightly different approach to understand the activity of all the major institutional players (publicly traded or not). Specifically, we use the County Record and Transaction Data from CoreLogic to track properties that are owned by institutional pools of capital, by identifying buyers allied with each of them. Based on this approach, we found upward of 200,000 homes owned by institutional capital at the end of 2016. Because these are derived from county record data based on buyer-name tagging, they may not cover all purchases by the listed institutional buyers and, therefore, are an estimate. In fact, our estimate of 200,000 homes is likely a lower bound for institutional-owned single-family rental. But regardless of the exact number, the key is institutions cont