The single family rental home market is becoming more and more institutionalized.

With the sale of a 29-property data center portfolio, the company is focusing on becoming a pure-play healthcare REIT.

The proceeds will fund the horizontal and vertical construction of a 360-unit townhome, build-to-rent project.

April's strongest rent increases occurred in the luxury Class A properties that had taken a pricing haircut in many cases over much of the past year.