Build-to-Rent
Invest in an emerging real estate sector that provides solutions for tomorrow’s communities.
Our Build-to-Rent (BTR) strategy is invested within our Build-to-Rent Fund I, which invests in a diversified portfolio of developments in the growing BTR sector — purpose-built, town home and single-family rental communities featuring shared amenities and professional management. These communities provide efficient, differentiated housing options for renters seeking an alternative to traditional apartment living.
Capitalizing on strong and growing demand within the BTR sector, the strategy targets infill locations in upscale suburban submarkets across high-growth regions of the Midwest, Southeast, and Mountain West. These markets are characterized by high home prices, strong school systems, and robust tenant demand, yet remain underserved by existing rental housing to serve a broader need than traditional multifamily rental housing.
LEARN MORE ABOUT BTR I
Projected Investment Targets
Our BTR Projects
EDEN Steel Creek
Charlotte, NC
Developer: EDEN Living
Fund I
UNDER CONSTRUCTION
The Claire
Naperville, IL
Developer: Lincoln Property Company
Fund I
UNDER CONSTRUCTION
“We believe investing in solutions for tomorrow's communities is essential as the U.S. faces a chronic housing shortage and rising homeownership costs. Purpose-built single-family rental communities meet the growing demand for homes that offer a sense of community and desirable amenities. By investing in BTR communities, we address housing needs while securing stable, long-term returns for the future.”
Jason Ross
Managing Director, Peakline Real Estate Funds
What is a “Build-to-Rent” Community?
Build to Rent (“BTR”) developments are new residential communities that offer individuals and families single-family housing for rent rather than for sale. BTR communities have the characteristics of single-family homes but are built for renters desiring features not typically offered with traditional housing. Unlike traditional residential single-family home developments, where homes are sold individually to private buyers, BTR communities are owned by institutional investors who retain ownership of all the homes and lease and manage the properties.
Demand Drivers for BTR
Housing Shortage
Single-family permit estimates are projected to stay below average in the near term, while homeowners with low mortgage rates are unwilling to sell.
Demographic Shift
Tenants are attracted to the extra space, private backyards, garages, and proximity to jobs and quality schools, while empty nesters looking to downsize are drawn to the lower maintenance of a BTR rental.
Tailored Product
BTR is expected to benefit from baby boomers and millennials, two of the country's largest generations, with millennials having more renters by choice and a more transient lifestyle.