There has been an accelerated shift in technology developed specifically for residential rental properties, according to John Helm, the founder and a current partner at proptech-focused venture capital firm RET Ventures, which focuses exclusively on technology for the rental housing and construction industries.
There is increasing investment from institutional firms in the single-family rental market, such as Lennar Corp., Allianz Real Estate and Centerbridge, which are responding to the major shifts in the single-family rental landscape. The market has been expanding rapidly; the occupancy rate was 95.3 percent in third quarter 2020, the highest since 1994. Homebuilder giants are betting that technology will be a huge differentiator as the market grows.
Helm recently told IREI more about the role of proptech in multifamily
