National Apartment Association on institutional capital, BTR and the ROAD Act
by Andrea Zander
Institutional investors are navigating a housing market shaped by affordability pressures, limited supply and a changing policy environment. In an IREI interview, George Ratiu, vice president of research, National Apartment Association (NAA), examines how the 21st Century ROAD to Housing Act could affect institutional investment in housing, including whether more capital could shift toward build-to-rent and other newly constructed rental communities. It also explores the role of BTR in adding new housing stock, the potential impact of restrictions on institutional ownership of existing single-family homes, and how higher interest rates, construction costs and broader macroeconomic volatility are influencing investment strategies. Looking ahead, the interview considers what could drive the next phase of growth for build-to-rent and newly constructed rental housing.
