December 21, 2021 / Residential

The Complicated SFR and BTR Markets

The single-family build-to-rent sector has been described during a panel at the National Association of Real Estate Editors conference in Miami as a growth business that is only just now findings its legs.

When Richard Ross of Quinn Residences founded his company a month prior to the start of the pandemic, his goal was to raise $250 million. The company recently closed out its capital raise at a whopping $900 million.

“That’s indicative of the strength of the market,” said Ross, who predicted that the 29,000-a year run-rate of new BTR houses over the last decade is likely to double over the next five years.

Added Todd LaRue of RCLCO: “There is huge universe of demand for these alternative rental units."


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