Build-to-rent (BTR) developments are increasing nationwide, especially in Arizona, due to the aging multifamily properties that require costly and time-consuming upgrades. BTR housing typically includes professionally managed homes or townhomes with modern amenities like a clubhouse and swimming pool. In today’s competitive housing market, BTR communities are popular among lifestyle renters, spanning from Baby Boomers to Generation Z. The BTR sector has garnered significant interest from institutional investors looking for growth opportunities in commercial real estate, as rents can increase more rapidly than the average multifamily unit.
Source: https://www.orionprop.com/topfive/build-to-rent-well-positioned-to-fill-housing-market-gap/
