Many Americans are finding it increasingly difficult to afford a traditional home, prompting many to opt for the more affordable alternative of renting.
More specifically, build-to-rent (BTR) homes are a residential segment offering a different experience. While renters in those assets won't get equity in return, they will be met with vibes similar to owning a home if the landlord can provide the right setting.
"I think it's a different rental product that hasn't existed in the past, at least not at the scale that an institutional investor can invest in," Jerimi Nuckolls, managing director of development for Coastal Ridge, which manages six BTR communities currently, told Globest.
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