LOS ANGELES—The Single-Family Rental market has seen record investment in the past few years with many, including big builders and investment funds, all vying for a piece of the pie. But with the sector now ripe for a reckoning, what's to come? A panel at the recent GlobeSt. Multifamily national conference tackled that question and covered topics including finance availability, renter demand, supply chain issues and leasing trends.
Moderated by Scott Thompson, vice president and global events director at GlobeSt.com, panelists included Sean Lurry, vice president of Arbor Realty Trust and Spencer Rinker, co-founder and CIO of AHV Communities. "Everyone is really recalibrating right now," said Lurry. "What we are dealing with is what everyone else is in this market."
One thing they are dealing with are cost overruns, which Lurry said is a big issue due to supply constraints. "It has been challenging to deal with," he explained. "Rent growth has more than kept pace with the increase of construction costs so we have been able to come to the table in the event there have been cost overruns."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
