The build-to-rent single-family rental (BTR-SFR) sector is gaining momentum among institutional investors, driven by strong fundamentals such as housing affordability challenges, shifting demographics, migration to lower-density markets and limited existing institutional presence, says David Reynolds, president, investment management, for Mill Creek Residential, in an interview. He explains the appeal to both millennials and baby boomers, as well as its advantages in property management and standardization. Reynolds sees the BTR-SFR sector as a strategic investment opportunity that meets evolving renter preferences and fills a critical gap in the housing market.
How would you assess the current performance and long-term investment attractiveness of the SFR and BTR sectors from an institutional perspective?
It is important to note that build-to-rent (BTR) is a subset of single-family rental (SFR). A BTR-SFR property represents a purpose-built community
