Single-family rental developer AHV Communities has a big year planned. The firm has secured $500 million in capital to develop 1,500 single-family rental, attached townhome and duplex units properties this year, a total of eight properties. The developer also plans to expand its geographic footprint and staff to respond to increasing demand for the product type.

"When we started this business eight years ago, no one was doing purpose-built single-family rental communities. We have always thought this was a great idea and that this product would be wildly desirable across all spectrums of demographics, regardless of work from home," Mark Wolf, CEO of AHV Communities, tells GlobeSt.com. "What has changed is the massive amounts of capital that have flooded into the market. Eight years ago when we were pitching this business plan to every institution, many said no. Today, those same institutions are clamoring to get the very few deals that exist. That is really the impetus for our massive growth."

AHV is based in the Austin/San Antonio area, and has generally stayed close to home. However, in the last year, it has rapidly expanded its geographic footprint, and place to continue to expand to new markets in 2021. "We have had massive growth outward from the Austin/San Antonio corridor. We recently expanded to Houston, Dallas, Denver, Seattle, and Southern California. We have new deals percolating in Nashville and Atlanta. That growth has happened in the last 12 months," says Wolf.