Quoted By:
The American Build-to-Rent Market is exploding lately, and really interests me.
Institutional investors like JP Morgan and BlackRock have been buying up thousands of single-family homes to rent out to suburbcucks.
Now people are building communities specifically to rent out.
>During the foreclosure crisis nearly a decade ago, investors plowed into the housing market, buying millions of distressed homes and turning some of them into lucrative rentals. Now they have a new strategy: Buy new.
>This week, ERC Homebuilders is launching a “soft” IPO, hoping to raise $100 million to build more than 1,000 rental homes across Florida.
>The build-to-rent business is growing fast, with several companies, including big names, dipping into it. Toll Brothers recently announced a $60 million investment in a joint venture with BB Living, a build-to-rent company based in Phoenix.
In 2018, 42,000 build-to-rent SFR units were constructed in America, and when the figures come in for 2019 it'll probably be higher.
