By Brad Hunter | Forbes
Capital is flowing into the built-for-rent single-family home business like never before. It seems like you can’t read a story on this topic without finding another group with a billion dollars earmarked for the development of homes for rent. A leading indicator: the flow of requests for site-specific market studies doubled in January and inquiries continue to come in at an elevated pace. (Developers and investors get a market study when they are about to purchase a parcel of developable land, so this is an early-stage reading).
Here are some of the capital announcements that came out in 2020 (most of them in the second half of the year as activity in this space hit an inflection point).
These are the equity funds earmarked during the year 2020 for SFR/BFR, in millions of dollars. And given the 3-to-1 leverage that prevails in this space, the debt that will accompany that equity will magnify the total dollar investment.
