Roughly 90,000 build-to-rent (BTR) units are under construction across the country, including properties in lease-up that have construction ongoing, according to a third-quarter analysis published by RealPage.
The Sun Belt leads the nation in BTR construction, with nearly 57,000 units under way, which is more than double the 23,115 BTR units under construction in the West. The category is highly concentrated in Texas, Arizona, Florida, Georgia and North Carolina, which reinforces the need for ample space to build out single-family style homes with community amenities.
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