Single-family rental and build-to-rent are the new buzzwords of commercial real estate. Both sectors are seeing soaring demand, but Sudha Reddy of Haven Realty Capital notes that demand for single-family rentals underscores the need for housing with three or more bedrooms, otherwise known as large floor plan housing.

"Larger floor plan rental housing with three bedrooms and four bedrooms have never previously been purpose built," Reddy, the CEO of Haven Realty Capital, tells GlobeSt.com. "New multifamily projects primarily consist of one and two bedroom units with a small percentage of three bedrooms. Build-to-rent provides renters the opportunity to rent larger three and four bedroom units akin to traditional for sale housing, which include garages and yards, in a housing community."

Haven has a long history in the sector. It has invested in single-family rentals since its inception in 2010, and exclusively invested in SFR properties through 2014, when it began integrating a multifamily strategy as well. "In 2015, we began investing in multifamily in a number of markets where we had previous SFR exposure," explains Reddy. "We quickly realized that many investors were more comfortable with multifamily than SFR because of the perceived management and capital deployment efficiencies of owning an asset in one location."