Asset Services | Single - Family Rental Platform

5

S I N G L E - F A M I L Y R E N T A L P L A T F O R M

INTRODUCTION

PORTFOLIO

STATISTICS

CONTACTS

BOOMING BUILD FOR RENT MARKET Demand for BTR has steadily increased over the last decade as renters increasingly prefer home-like living without the burden of home ownership. A desire for more space and suburban living has spurred this demand, and when coupled with heavily institutionalized investment, BTR growth is expected to top traditional multifamily, office, retail, storage, and hospitality growth by 2022.

PROPERTY INCOME BREAKDOWN

$100-$200K 25%

$200K+ 15%

$100K+ Average HH Income

NATIONAL POPULATION TRENDS BY COHORT

23.5 23 22.5 22 21.5 21 20.5 20 19.5 19

23.3

22.1

21.9

<$100K 60%

21.2

21.1

20.9

41% Of Household Incomes make over $100k+

19.6

15-19

20-24 25-29 30-34 35-39 40-44 45-49

1/3 Renter Households Live in Single-Family Units

1M+ More 4 Person Households by 2024

10% Decline in Homeownership Among Households 25-44

SHIFTING DEMOGRAPHICS DRIVE DEMAND As rising home values and increasing debt burdens weigh on prospective home buyers, millennials and baby boomers alike are increasingly searching out build-to rent communities that give the conveniences and independence of a home without the extra financial burdens that come with home ownership.