As single-family has grown, many institutional investors have jumped into the fray. In a new report, Yardi Matrix says that institutions have allocated more than $10 billion to the sector over the last few years.
Institutions are not just scooping up existing homes, as they did in the wake of the Global Financial Crisis. This time, they're also building new. Twelve percent of new single-family construction in 2021 are rentals, according to John Burns Real Estate Consulting.
"With so much capital looking to invest in the sector and the demand for rentals rising, we would expect build-to-rents to increase rapidly for at least the next several years," according to Yardi Matrix.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
