With increasing home mortgage rates, demand for affordable single-family rental housing and build for rent (BFR) communities is rising.
Single-family rents are up +6.5% YOY as of July 2022 and new lease rents for the top 20 SFR markets are up +10.1% YOY, according to John Burns Real Estate Consulting.
These trends have compelled SVN | SFR Capital Management to enter a joint venture agreement to acquire, own and operate rental homes with Marketplace Homes, a national brokerage and property management company, the company announced last week.
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