New Start-Up Shows How BTR Communities Will Shape the Rental Industry

Build-to-rent single-family home communities could be one way to combat housing affordability. A coalition between New Growth Living, Montgomery Street Partners and Rockpoint Group is addressing housing affordability with new construction single-family home communities that target renters, and they have already unveiled their first project—Tanzanite, a Sacramento community with 211 homes.

“We cannot continue to deliver the same housing options we have in the past at a time when housing’s economic and social demands are so quickly evolving. There is an economic, demographic, and cultural evolution occurring. All municipalities and builders alike need to recognize it, understand it, embrace it, and most of all, plan for it. Well-designed Single-Family for Rent and Build-to-Rent communities will continue to be part of the solution,” Dan Nethercott, co-founder of New Growth Living, tells GlobeSt.com.