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Not surprisingly it is in the Sunbelt.
Blackstone veteran Tyler Henritze is one of the founders.
One in six are now staying in their rental unit for 10 years or more.
It could be the start of a national trend.
Meanwhile, it says CRE is showing early signs of recovery.
Targeted conversion activity can be a catalyst for broader change.
Such buildings emit an average of 35% less energy and 35% less carbon dioxide emissions.
Smaller real estate owners can now get many of the benefits previously only available to institutional investors.
The share of employees returning to the office is settling around 72%.
The buyer is Host Hotels & Resorts.