Toll Brothers, Others, Turn to Build-to-Rent

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Posted To: MND NewsWire

Toll Brothers is embarking on a new business model that may, depending on your outlook, increase the rental stock, provide new opportunities for home builders, or further diminish new home sale inventories. The company has committed to invest $60 million in a $400 million venture that will build homes for rent in seven major U.S. cities. And it isn't just Toll Brothers and its partner in the venture, BB Living that see a build-to-rent market. According to John McManus, writing in Builder, a number of companies are already producing some of their new homes specifically for rent although most are doing so to supply stock to single-family property management companies. These companies provide services to the big private asset management companies that bought up thousands of foreclosed single-family...(read more)

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Source: http://www.mortgagen...

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