SNL-covered real estate investment trusts and property companies own more than 37,000 properties in Florida which are at significant risk of damage from Hurricane Irma.
Current data from the National Hurricane Center indicates the storm, currently rated a category 4, will make landfall in Florida early Sunday morning and head north along the peninsula through Monday.
Single-family housing REITs own a majority of the SNL-covered at-risk properties, with nearly 33,000 homes in Florida. Invitation Homes Inc. owns the largest number of homes in the state, at 16,156 homes, or roughly 34% of the company's portfolio. Starwood Waypoint Homes and American Homes 4 Rent own 9,597 and 5,488 homes, respectively, in the state.
Manufactured home REITs Equity LifeStyle Properties Inc. and Sun Communities Inc. also have large exposure to the state, at roughly 33% and 35% of their respective portfolios.
CoreLogic Inc. found that an estimated 2.7 million residential and commercial properties in Florida are at "extreme" risk of wind damage from the storm. An additional 3.4 million lie in areas with "very high" risk of damage, and 2.4 million properties are in "high" risk areas.

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