As competition for existing SFR assets intensifies, investors increasingly look at development.
Capital pouring into the growing single-family rental (SFR) housing market is bumping up against a tough competitor—the consumer. Heightened competition amid a tight supply of housing inventory in many markets is pushing investors to shift strategies to focus on new development.
“What you’re seeing now is the maturation and scale in the sector, where it is really being viewed as a distinct asset class within the real estate sphere, similar to multifamily or data centers,” says Gary Beasley, CEO and co-founder of Roofstock, a marketplace for single-family investment properties...RSK: Like this idea especially if investors can buy 20 to 30 in a single development then the logistics of managing them makes more sense.
Ken Notes: This would be perfect for an area like Verona, but you would still have to find builders who would build smaller units.
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- - Volume: 7 - WEEK: 5 Date: 1/29/2019 10:47:19 AM -