Saturday, September 25, 2021 11:59 pm

Ten billion reasons why there is a built-for-rent land rush

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).

Table of equity investments by fund.
SOURCE: HUNTER HOUSING ECONOMICS AND CBRE RESEARCH

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. 

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
February 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728