Peter Quinones, founder of Investor Trustee Services, has joined the National Association for Housing Revitalization (NAHR) as a founding Charter Member. The national trade association works to return aged, distressed, and vacant homes to the market as attainable housing. As a Charter Member, Quinones will engage with the association and contribute an operator’s perspective from the Florida market, though official NAHR positions are determined by the association.
The move matters because it positions a Florida distressed-property operator at the center of a national effort to convert vacant and distressed homes into attainable housing at a time when federal policy is about to reshape who can buy single-family homes. The 21st Century ROAD to Housing Act, which takes effect January 7, 2027, bars large institutional investors—defined as entities controlling 350 or more single-family homes—from purchasing single-family homes, subject to stated exceptions. That restriction could open the door for smaller, local operators to acquire properties that large funds have dominated in recent years.
Investor Trustee Services buys distressed single-family homes across Florida and places them with a network of local rehabbers who restore them and return them to the market. As an approved bidder in HUD’s single-family loan sales, the company plans to begin acquiring pools of HUD-held mortgages on vacant and distressed properties, starting with HUD’s HVLS 2027-1 sale.
Quinones framed the opportunity in practical terms. “These houses already exist, they already have utilities at the street, and they already sit in neighborhoods people want to live in,” he said. “They are empty because of condition and title, not because nobody wants them. When a national fund owns the asset, the return leaves town. When a local operator does the work, it stays.”
The timing of the announcement underscores a broader shift. As large institutional buyers step back under the new law, the burden of rehabilitating distressed housing stock will fall to local operators who can manage renovation and title issues. “When the largest buyers step back, somebody still has to take on the houses that need work,” Quinones said. “Local operators are the ones who can fix them and hand them to a family in livable condition.”
Real estate investors, rehabbers, and industry professionals interested in joining NAHR during the Charter Membership period can contact Quinones for a promotional membership code. Florida members who join through Quinones will also be invited to a private network of Florida operators for networking and business opportunities.
Founded by Quinones, who has worked in distressed real estate since 2005, Investor Trustee Services is a Florida acquisitions company specializing in distressed single-family homes. Its participation in NAHR and its planned HUD mortgage acquisitions suggest that local operators are preparing to absorb a significant share of the distressed housing market as federal rules push large investors aside.
