Build-for-rent housing has boomed since the pandemic began. More than 6,700 build-for-rent homes were completed in 2021 alone, marking a record-breaking year for the sector.
This year is set to surpass those numbers by a landslide. In fact, according to data from Yardi Matrix, 2022 will see more than double last year’s completions, clocking a whopping 14,000 build-for-rent homes by the end of the year.
Pretium Partners’ Dana Hamilton, senior managing director and head of real estate, and Matt Johnston, managing director and head of build for rent, are at the forefront of this ongoing surge. Earlier this year, Pretium launched a $600 million joint venture to build 2,000-plus rental homes throughout Florida, Indiana, and Ohio. Last September, the company made a similar deal for 3,000 build-for-rent homes.
BUILDER sat down with Hamilton and Johnston to get their insights on what’s behind this build-for-rent boom—as well as what the future holds for this growing segment of the market.Read More