Despite fluctuating interest rates over the past year, housing demand has continuously exceeded the amount of available supply on the market. Given the strong housing demand and temperamental economy, homebuilders continue turning to built-for-rent (BFR) options.
The new built-for-rent product is considered safer and better performing as the industry accommodates people who are choosing to rent rather than buy. Built-for-rent is among the fastest-growing and best-performing asset classes within commercial real estate. Of the 47 million renters across the nation, 32 percent live in single-family rental properties.