The single-family build-to-rent sector has been described during a panel at the National Association of Real Estate Editors conference in Miami as a growth business that is only just now findings its legs.
When Richard Ross of Quinn Residences founded his company a month prior to the start of the pandemic, his goal was to raise $250 million. The company recently closed out its capital raise at a whopping $900 million.
“That’s indicative of the strength of the market,” said Ross, who predicted that the 29,000-a year run-rate of new BTR houses over the last decade is likely to double over the next five years.
Added Todd LaRue of RCLCO: “There is huge universe of demand for these alternative rental units."Source: https://www.multihousingnews.com/the-complicated-sfr-btr-market/