Asset Services | Single - Family Rental Platform

6

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

SURGING DEMAND IN BTR

1/3 Renter Households live in single-family units

1M+ More 4 person households by 2024

10%+ Decline in Homeownership among households 25-44

COVID-19 SPURRED THE ALREADY GROWING MIGRATION TO SUBURBS

SUBURBAN POPULATION GROWTH STRONGER SINCE ‘16

DIFFERENCE IN POPULATION GROWTH, 2018-19*

Primary City Growth

Suburb Growth

Markets (MSAs) where 2018-2019 population growth was higher in primary city (7 of the top 25 largest).

1.25%

1.00%

0.75%

From 2018 to 2019, the majority of U.S. markets had stronger population growth in the suburbs.

0.50%

0.25%

0.00%

-75 -50 -25 0 25 50 75 100 125 150 175 200

2011

2012 2013 2014 2015 2016 2017 2018 2019

Growth: Suburbs vs. Primary City (bps)