RealPage Analytics - Top Markets for Build-for-Rent Developments Under Construction
JANUARY 26, 2023
According to data from RealPage Market Analytics, certain markets, primarily located in the Sun Belt region, have become popular destinations for build-for-rent (BFR) developments, with over 1,000 units currently under construction in each as of January 2023.
Acres Capital recently originated a construction and stabilization loan for Bungalows on Cotton Lane, a 336-home development in Phoenix, which is set to finish in November 2023. The community is located at the intersection of North Cotton Lane and West Orangewood Avenue, in the Avondale/Goodyear/West Glendale area, just west of Loop 303.
