Business Real Estate Weekly of Arizona
Phoenix area – Just as being in the wrong place at the wrong time can have devastating effects, being in the right place at the right time can be incredibly rewarding. That looks like it will be the case for BlankBerger, a Scottsdale-based company that specializes in developing single-family rental housing in the Valley through its subsidiary BB Living Residential LLC.
The single-family rental business is a burgeoning industry with companies investing tens of billions of dollars to assemble massive portfolios of homes in major growth areas throughout the U.S. Three publicly-traded firms now own a combined 130,000 homes in 10 states (including Arizona), and those companies, as well as many others, are looking to add to their holdings of single-family rentals. That should increase the demand for the 1,000 + single-family rental homes planned in the Phoenix area by BlankBerger, a venture formed by Matt Blank and Sam Blank of Blank Property Group LLC in New York City, N.Y. and Darryl Berger of Berger Holdings LLC in Scottsdale.
