NEWPORT BEACH, CA—Opportunityfor developing single-family rentalhousing, which has increased in popularity since theend of the downturn, exists in many Sunbeltmarkets, AHV Communities'CEO Mark Wolf tells GlobeSt.com. Thefirm recently announced its commitment to deploy $100 million inthe development of single-familyhome-rental communities in major markets across the Sunbelt statesduring 2016. These will be luxury single-family homecommunities owned, managed, maintained and operated likeluxury class-A multifamily properties.AHV says it is concentrating on the Sunbelt states because demandfor detached-home rental living is strong and supply is limited. Wespoke exclusively with Wolf about this type of housing and whydemand for it is growing.

GlobeSt.com: Why is the development of single-familyrental communities becoming more necessary?

Wolf: The expansion ofsingle-family rentals has been on the upswing since the end of thedownturn; however, the rental pool has historically consisted ofexisting older product located sporadically across any givenmarket. There is a real opportunity to meet demand for newlyconstructed homes and drive upside through operational efficienciesachievable with the management of contiguous product situatedtogether as one whole community. We have found the opportunity withour new developments to provide an increased value proposition torenters while creating a unique, efficient platform managed muchlike a multifamily community would be. Our new communities combinethe management, services and amenities typically found in aluxury apartment, however these offerings arepresented in a newly constructed detached home. We aren't familiarwith any other developers combiningthese offerings at the quality level we are.