How Companies Can Capitalize On Build-To-Rent

When I started working in the single-family rental (SFR) industry more than a decade ago, many in the real estate world were skeptical about whether it could be a lucrative business. But with the SFR market valued at approximately $3.4 trillion today and climbing (poised to outpace multifamily by some estimates), it’s clear this is a business that is here to stay. Timing, market trends and even crises needed to converge to get the market to the point where it is today. The mortgage crisis and mobile technology fueled the possibility of procuring and managing single-family homes from an institutional level. The rise of remote work and pandemic-driven preferences for more space only accentuated this trajectory. As SFR demand grew, the need for more units and homes spurred evolution in the sector, which brings us to where we are now; rather than buying swaths of land to develop for-sale homes, builders are opting to develop communities designed to rent. Build-to-rent (BTR) communities, which are essentially multifamily communities with more space and without shared walls, are becoming increasingly popular. Builders, operators and investors are enthusiastically pouring billions of dollars into development. To continue reading the rest of the article, please click on the source link below: https://www.forbes.com/sites/forbesbusinesscouncil/2022/06/06/how-companies-can-capitalize-on-build-to-rent/?sh=1629d3cc252e