As the build-for-rent space continues to enjoy robust demand in both urban and secondary cities across the US, it's getting tougher for developers to find suitable locations to build single-family detached homes, according to one industry executive.
"We've been very fortunate that our portfolio has a lot of infill locations. But those are becoming more and more challenging to find," Mark Wolf, CEO and founder of Texas BFR builder AHV Communities told John Burns Real Estate Consulting's Dean Wehrli recently.
Wolf said AHV will soon announce acquisitions and developments that will function as "holes in the doughnut in very good locations" featuring "true" single-family detached homes, which he defines as a three, four or five bedroom home on its own traditional lot.
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