General World News

Institutional SFR market poised for a rebound

The first quarter of 2023 proved a tough market for everyone in the housing industry, including institutional buyers of single-family rental (SFR) properties, but there are signs the second quarter of this year has been far more buoyant for these so-called “Wall Street” players.

One clue to that resurgence is a $1.5 billion deal inked recently by Pretium Partners to acquire more than 4,000 single-family homes from homebuilder D.R. Horton. Pretium owns the SFR platform Progress Residential, which controlled a portfolio of some 87,000 SFR homes as of yearend 2022.

The Wall Street Journal reported the D.R. Horton homes were built as rentals details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com