With single-family rentals outperforming multifamily in many cases, builders in other sectors are starting to take notice.
"The buzzword right now is build-for-rent," says Michael Carey, senior director at Altus Group. "Companies are building out whole communities of build-for-rent [housing]. You're seeing a lot of money pouring into that space."
Ken Valach, CEO of Trammell Crow Residential, says his company has bought a site to build single-family rentals. "We've actually bought a site, but we haven't started it yet," Valach says.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
