IPA SFR-BTR Research Brief
Growing Demand for the New Wave of Rental Housing
Growing interest from investors in the stable risk-adjusted returns available in the multi-family space have cemented the sector’s position as the leader of the four major product types for capital inflow since 2015. Although sales growth has been strong, acquisition demand is outstripping the supply of properties actively being marketed for disposition, resulting in large amounts of capital being sidelined. A potential outlet for this pent-up demand has appeared with the expansion of institutional capital into the single-family rental space.